Home / Going-concern warnings / Algorhythm Holdings, Inc.
Filed 2025-04-15 路 Form 10-K 路 Accession 0001641172-25-004792 nano
Price before filing: $2.55 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $6.3M (2025-04-15) 路 Latest: $1.8M (2026-10-16)
| Window | RIME | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +2.0% | +9.5% | -7.6% | 2025-05-15 |
| 90 days | -6.7% | +16.2% | -22.9% | 2025-07-14 |
| 180 days | -12.2% | +23.7% | -35.8% | 2025-10-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders sold $1K (2 sales, 1 without a usable price)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-18 | Foreman Jay B (+1 joint filer) Director | Sale | 5,494 | n/a | n/a | no | Form 4 |
| 2025-02-18 | Stingray Group Inc. (+1 joint filer) Former 10% Owner | Sale | 5,494 | $0.26 | $1K | no | Form 4 |
| 2025-04-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-15 to 2025-05-15. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Based upon this and our internally generated cash flow projections, our auditors concluded that there is substantial doubt about our ability to continue as a going concern for the next 12 months."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-K (period 2024-12-31)
Why this score: also within 90 days: Auditor change
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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