Auddia
Address: 
Boulder, CO, USA
Reinventing Audio
Website: www.auddia.com
Symbol: NASDAQ:AUUD
Owns
Latest news
- Mar 6: Ad-skipping podcast app Auddia released its annual financial report. The company made a loss of $8.7mn in the year, while failing to earn a single dollar in revenue. The CEO, though, received a 17% pay rise; the company’s auditor says it has “substantial doubt about the company’s ability to continue as a going concern”. Possibly unrelated, Auddia will share “how the company views the podcast industry’s financial landscape” in a keynote at SXSW.
- Mar 5: Auddia, which launched a podcast app that would strip all the ads out of shows without a publisher’s permission, is to present at SXSW in a session called “Podcast Apps Need to Step It Up”. It earnt no revenue at all in the first nine months of 2024 according to its own accounts, and warned in November that it was running out of money. The presentation will “outline how the company views the podcast industry’s financial landscape”.
- 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.
Data credits: Google Maps, Podnews newsletter