Auddia
Address: 
Boulder, CO, USA
Reinventing Audio
Website: www.auddia.com
Symbol: NASDAQ:AUUD
Owns
Latest news
- Jan 17: Auddia, which launched a podcast app that strips the ads in Nov 2023, has announced a new share offering. The documentation comes with full balance sheets for the company. We learn that in the nine months ending Sep 30, 2024, its total operating expenses were $5.6mn; while the Chairman, CEO and CFO were paid, in total, $1.07mn for the year. The company’s total revenue during that time was $0.
- Dec 20, 2024: AI Audio platform Auddia is to sell up to twenty million shares at $0.001 per share, to raise more funds for the company, which makes an app that strips commercials out of podcasts and radio streams. It slipped below $1 a share in September and may come out of Nasdaq as a consequence; it said last month that it might run out of money altogether early next year.
- Nov 11, 2024: Auddia released its Q3/24 financials. The company, which makes an ad-skipping radio and podcast app, made a loss of $1.9mn. The financial notes say that the company has a total debt of $87mn, and needs to raise more money to keep trading after Q1/25. It has raised $10.4mn this year so far.
- Sep 6, 2024: Auddia has added two new features to its radio and podcast player, faidr. It now has visualised chapters (“shows the user where segment breaks are in the episode within the progress bar of the player”), and another feature called Forward+ (“allows a user to skip forward to the end of the segment being played with a single touch”). These features are available in most podcast players, but requires creators to manually add these chapters when publishing. The app also has a paid ad-skipping function.
- Apr 30, 2024: Auddia, which is working on a podcast app that skips the ads, has done some financial manoeuvring to avoid being taken off the NASDAQ. It’s lost two-thirds of its stock price in the last six months. Earlier this month it gained a patent for ad-skipping live radio.
Data credits: Google Maps, Podnews newsletter