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Q1: 2026-05-14 Earnings Summary
EPS of -$0.52 beats by $0.21
|
Revenue of
$2.40M
beats by $400.00K
Algorhythm Holdings, Inc. (RIME) Q1 2026 Earnings Call May 14, 2026 10:00 AM EDT
Company Participants
Gary Atkinson - CEO, Secretary & Chairman
Alex Andre - CFO & General Counsel
Presentation
Operator
Thank you, and good morning, everyone. Welcome to Algorhythm Holdings First Quarter 2026 Earnings Conference Call. With me on today's call are Gary Atkinson, the company's Chief Executive Officer; and Alex Andre, the company's Chief Financial Officer and General Counsel. Before we begin, I would like to remind everyone that the remarks made on this call may contain forward-looking statements within the meaning of the federal securities law.
Forward-looking statements include statements regarding our expected future financial performance, the growth of our SemiCab business, our customer pipeline, our annualized revenue run rate, our Apex SaaS platform, our liquidity and capital resources and our outlook for the remainder of 2026. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For a discussion of these risks, please refer to Algorhythm Holdings' annual report on Form 10-K for the year ended December 31, 2025, and our quarterly report on Form 10-Q for the quarter ended March 31, 2026, both filed with the Securities and Exchange Commission. Gentlemen, you may begin.
Gary Atkinson
CEO, Secretary & Chairman
Thank you. Good morning, everybody. We appreciate you joining us today. The first quarter of 2026 was an exciting first 3 months for our company. We are operating at a moment when the global logistics industry is starting to fully grasp what we are building, which is an orchestration layer for enterprise shippers and logistics service providers to improve their truck utilization through artificial intelligence and network optimization.
The conversations we are having with shippers, logistics service providers and analysts have shifted meaningfully over the past
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