---
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"
generated_at: "2026-06-21T21:57:39.650202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Singing Machine Q2 revenue $17.1M; YTD sales up 23% to $28.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032140
- JSON: https://secwatch.observer/filing/0001493152-22-032140.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032140.txt

## Key facts
- Earnings Releases
  Algorhythm Holdings, Inc. reported the three months ended September 30, 2022 results: revenue $17.1 million, EPS $0.08.
  - Period: the three months ended September 30, 2022
  - Revenue: $17.1 million
  - EPS: $0.08
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/0001493152-22-032140-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.