Algorhythm Holdings, Inc. (RIME)

Algorhythm Holdings, Inc. is a holding company whose common stock trades on the Nasdaq Stock Market under the ticker RIME. It was formerly known as The Singing Machine Company, a long-established seller of consumer karaoke products, and is based in Fort Lauderdale, Florida.

The company has repositioned itself around SemiCab, an artificial intelligence-powered freight transportation platform it acquired. SemiCab uses predictive analytics and route optimization to help shippers and carriers coordinate truckload capacity, aiming to reduce empty miles and improve truck utilization, with operations in markets including India and North America.

Algorhythm has also held the Singing Machine karaoke business, which sells karaoke machines, microphones and related consumer audio products through retailers.