{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-032140","form_type":"8-K","ticker":"RIME","cik":"0000923601","company_name":"Algorhythm Holdings, Inc.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.064743+00:00","generated_at":"2026-06-21T21:57:39.650202+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Singing Machine Q2 revenue $17.1M; YTD sales up 23% to $28.8M","bullets":["Net sales $17.1M for quarter; fiscal YTD revenue $28.8M (+23% YoY).","Gross profit $3.9M (23% margin) vs $3.3M (19%) prior year, a 4% increase.","Income from operations $0.6M for the quarter; diluted EPS $0.08 quarterly, $0.11 YTD.","Refinanced $15M senior secured credit line with Fifth Third Bank on Oct 14, 2022.","Management cited improved supply chain strategy and strong retail partnerships."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-032140","json":"https://secwatch.observer/filing/0001493152-22-032140.json","markdown":"https://secwatch.observer/filing/0001493152-22-032140.md","text":"https://secwatch.observer/filing/0001493152-22-032140.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/0001493152-22-032140-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T21:57:39.650202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"462f434885392a4db8ad64311b250d279720b44e","claim":"Algorhythm Holdings, Inc. reported the three months ended September 30, 2022 results: revenue $17.1 million, EPS $0.08.","evidence_excerpt":"Second Quarter Highlights: ● Net sales for the quarter of $17.1 million; fiscal year-to-date revenue of $28.8 million (an increase of 23% over the same period in the prior year). ● Gross profit increased by approximately $0.6 million to $3.9 million (representing a 23% gross margin) compared to $3.3 million (or 19% gross margin) in the prior year (an overall increase of 4% compared to the prior year same period). The improvement was in part due to lower inbound logistics and transportation expenses. ● Income from Operations of approximately $0.6 million for the quarter; the Company continues to demonstrate ability to produce profitable quarters. ● Strengthened balance sheet with a successful $15 million senior secured line of credit refinancing with Fifth Third Bank on October 14, 2022. ● Fully diluted EPS of $0.08 for the quarter and $0.11 for the year-to-date period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/0001493152-22-032140-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$17.1 million"},{"label":"EPS","value":"$0.08"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}