Overview

• US AI logistics provider's Q1 revenue rose 71% sequentially, up 1,851% yr/yr

• Company narrowed net loss by 42% yr/yr as operating expenses fell

• Cash and restricted cash rose 78% to $10.9 mln, boosting liquidity

Outlook

• Company expects net sales to continue to grow over the remainder of 2026

• Algorhythm sees growth driven by SemiCab expansion in India and Apex SaaS in U.S., Europe

Result Drivers

• SEMICAB BUSINESS EXPANSION - Co said revenue growth was driven by scaling of SemiCab business and broadening customer base in India, including new contracts and contract expansions

• APEX SAAS PLATFORM LAUNCH - Initial rollout of Apex SaaS platform opened access to U.S. and European markets, supporting revenue growth

• OPERATING EXPENSE MANAGEMENT - Reduced net loss attributed to elimination of prior-year non-cash warrant charges and disciplined operating expense management

Company press release: ID:nGNXb0KzPW

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales		$2.40 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 621% above its May 13 closing price of $0.69

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