RYTHM, Inc. (RYM)

From the record

RYTHM, Inc.'s filings since 2020 show 24 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 13 times, the latest 2024-09-06); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2024-08-14); an auditor change (8-K item 4.01, 2 times, the latest 2024-07-22); a late-report notice (Form NT 10-K or NT 10-Q, 7 times, the latest 2024-05-16) (its current reports).

From the record

RYTHM, Inc.'s 6 filed years say what it did: revenue went from $12 million in fiscal 2020 to $17 million in fiscal 2025, up 7.4% a year; it rose in 2 of 5 years; the deepest fall was 100% from fiscal 2021 to fiscal 2024; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, RYTHM, Inc. lost about 255 cents for every dollar of shareholders' money, and gross profitability: its products earned about 10 cents per dollar of everything the company owns. Leverage: it owed about 88 cents per dollar of assets, and net share issuance: its share count grew 95.4% over the year (the filed statements).

From the record

RYTHM, Inc.'s standing among 5 graded names in its industry family: revenue of $17 million in fiscal 2025 ranks in the top 50% by size; a net margin of -192.4% ranks in the bottom 10%; revenue growth of -33.3% a year over the last 3 filed years ranks in the bottom 30% (its annual reports).

From the record

RYTHM, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kovler, Benjamin (Interim CEO, as filed), filing under that title since 2024-11-15, 2 years (top 17% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 2 years (bottom 38%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 38%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

RYTHM, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $32 million against debt of $5 million leaves 25.5% of its assets as net cash, top 10% of its family; cash from operations less capital spending is -136.2% of revenue (bottom 38%); a gross margin of 59% (top 12%) (its annual report).

From the record

RYTHM, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -33.3% a year over the last three filed years against 7.4% over all 6, slowing (bottom 10% of its family); the newest year grew 96369.3% (top 10%); research spending grew -42.6% a year (bottom 17%); capital spending grew -87.8% a year (bottom 10%) (its annual reports). RYTHM, Inc. reported 2 product lines in fiscal 2025: Nonlicensing Revenue at $10 million (55%), License at $8 million (45%); 1 of 1 grew against the year before (its annual report).

From the record

RYTHM, Inc.'s newest year against its own record: revenue of $17 million in fiscal 2025 came in 5447327.3% above the $0 thousand its prior three years' pace pointed to (top 10% of its family); net income of $33 million against a prior three-year average of $83 million (top 30%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 10%) (its annual reports).