Algorhythm Holdings Q2 revenue jumps on expanded contract

Algorhythm Holdings

14/08/2026 14:24

Overview
US AI logistics provider's Q2 revenue rose 25% sequentially and 161% yr/yr to $3.0 mln
Gross margin percentage improved by 850 basis points sequentially
Company expanded SemiCab contracts in India and grew North America SaaS platform

Outlook
Company says it will focus on cost control and financial discipline going forward

Result Drivers
INDIA CONTRACT EXPANSION - Co said expanded SemiCab contract with Procter & Gamble India increased annualized contract value by about 32%
NEW CUSTOMER AGREEMENT - Co signed new master services agreement with Onida Electronics, expanding SemiCabs enterprise customer portfolio in India
NORTH AMERICA PLATFORM GROWTH - Co continued commercial expansion of SemiCab Apex SaaS platform in North America, including hiring new VP of U.S. Sales

Company press release: ID:nGNX6Q6RQL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$3 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Algorhythm Holdings Inc is $5.00, about 1,005% above its August 13 closing price of $0.45

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)