Welcome to our dedicated page for Auddia news (Ticker: AUUD), a resource for investors and traders seeking the latest updates and insights on Auddia stock.
Auddia Inc (AUUD) delivers innovative AI-powered audio streaming solutions through its flagship faidr app and Vodacast podcast platform. This news hub provides investors and industry followers with essential updates on the company’s financial developments, technological advancements, and market positioning.
Access timely press releases covering earnings reports, strategic partnerships, product launches, and intellectual property milestones. Our curated collection helps stakeholders monitor Auddia’s progress in transforming radio/podcast consumption through ad-free streaming, interactive content features, and SaaS solutions.
Key updates include AI technology breakthroughs, subscription model expansions, and collaborations shaping the future of digital audio. Bookmark this page for verified information about Auddia’s patented audio identification systems and their impact on the competitive streaming landscape.
Auddia Inc. (NASDAQ:AUUD, AUUDW), a pioneer in audio engagement through AI technology, will present at the Ladenburg Thalmann Tech Expo 2023.
Date: April 27, 2023, Location: Convene, 101 Park Avenue, New York City, Time: 12:30 PM ET.
The expo will showcase approximately 50 tech companies, covering media, software, and hardware sectors. Auddia's platform, including its flagship app faidr, revolutionizes audio streaming with features like subscription-based AM/FM listening, interactive podcast feeds, and a unique chat interface for music.
For more details about the presentation, attendees can access the webcast.
Auddia has announced securing bridge financing from insiders of $2.75 million, enhancing its existing non-convertible debt from $2 million. This interim financing aims to support advancements in ongoing M&A discussions and is intended to catalyze growth metrics for its faidr platform. The company is in active negotiations with three AM/FM streaming aggregator properties, targeting potential agreements that could significantly boost revenue, with these properties currently generating approximately $6.5 million annually. Auddia aims to improve user acquisition for faidr, with a projected cost per install of $1.80 by midyear, targeting over 10 million monthly active users. The firm has decided to withdraw a pending S-1 registration for a secondary stock offering due to favorable private financing terms, underscoring its strategy to enhance user metrics and revenue generation.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced its iOS app, faidr, achieved a 10% subscription conversion rate within 45 days of monetization, surpassing the initial 7% target. The exclusive content feature, faidrRadio, garnered 33% engagement from users. This performance positions the company well ahead of its mid-year goals for subscription metrics. The plan included converting users to a $5.99/month subscription model while maintaining a $1.80 cost-per-install across platforms. Auddia aims to launch similar features on Android by early Q2 2023.
FAQ
What is the current stock price of Auddia (AUUD)?
What is the market cap of Auddia (AUUD)?
