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 SemiCab's 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
Analyst coverage and price target
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
Q2 revenue rises on contract expansion
US AI logistics provider's Q2 revenue rose 25% sequentially and 161% yr/yr to
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