Algorhythm | 10-Q: FY2025 Q3 Revenue: USD 1.744 M

Revenue: As of FY2025 Q3, the actual value is USD 1.744 M.

EPS: As of FY2025 Q3, the actual value is USD -1.15.

EBIT: As of FY2025 Q3, the actual value is USD -1.272 M.

Segment Revenue

• Net Sales: For the three months ended September 30, 2025, net sales were $1,744,000, compared to $127,000 for the same period in 2024. For the nine months ended September 30, 2025, net sales were $3,018,000, compared to $127,000 for the same period in 2024.

Operational Metrics

• Gross Loss: For the three months ended September 30, 2025, gross loss was - $351,000, compared to - $32,000 for the same period in 2024. For the nine months ended September 30, 2025, gross loss was - $698,000, compared to - $32,000 for the same period in 2024.
• Operating Expenses: Total operating expenses for the three months ended September 30, 2025, were $1,214,000, compared to $1,791,000 for the same period in 2024. For the nine months ended September 30, 2025, operating expenses were $3,187,000, compared to $2,830,000 for the same period in 2024.
• Net Loss: For the three months ended September 30, 2025, net loss was - $2,982,000, compared to a net income of $974,000 for the same period in 2024. For the nine months ended September 30, 2025, net loss was - $13,085,000, compared to - $7,513,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $4,343,000, compared to - $3,770,000 for the same period in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $1,888,000, compared to $17,000 provided by investing activities for the same period in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $4,115,000, compared to $1,103,000 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company expects net sales from its SemiCab business to increase substantially over the next 12 months due to a growing customer base in India. Gross loss is expected to decrease as net sales increase, and operating expenses are anticipated to rise due to legal, accounting, and business development costs.
• Non-Core Business: The company completed the sale of its Singing Machine business on August 1, 2025, marking a strategic shift to focus on its AI-enabled logistics business.
• Priority: The company plans to invest in the growth and development of its SemiCab business, including potential acquisitions of complementary AI logistics and distribution companies.