Algorhythm Holdings, Inc. (NASDAQ: RIME)
The “Karaoke Pivot”: Historically known as The Singing Machine Company, it rebranded to Algorhythm Holdings in September 2024 to reflect its transition into a pure-play AI technology firm.
Divestitures: In late 2024, the company finalized the $4.5 million sale of its original karaoke business to focus entirely on its AI software portfolio.
Wow! Just Wow! Sounds like they are really expert in AI and logistics planning!
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