secwatch.observer — SEC 8-K summary
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Issuer:     Algorhythm Holdings, Inc. (RIME)
CIK:        0000923601
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-032140
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/0001493152-22-032140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/923601/000149315222032140/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032140

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