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. (NASDAQ: AUUD) is an AI-first audio technology company whose news flow centers on product innovation, strategic restructuring, and the evolution of its business model. The company regularly issues updates on its proprietary AI platform for audio identification and classification, which powers the faidr mobile app for ad-free AM/FM radio and podcast listening.
Recent announcements highlight Auddia’s transition from a direct-to-consumer subscription model to a B2B SaaS model focused on AI-driven music discovery. News items describe how faidr’s premium AI features are being made free to consumers, while monetization shifts to artists and labels that subscribe to the company’s Discovr Radio platform for guaranteed plays on AM/FM radio streams. These developments are central to understanding Auddia’s strategic direction.
Investors and followers of AUUD can also track corporate updates on the planned restructuring into an AI-native holding company, including the non-binding letter of intent for a business combination with Thramann Holdings, LLC and the identification of McCarthy Finney (MCFN) as the proposed surviving public company name. Additional news covers engineering team restructuring to support the holding company model, leadership changes, and capital markets actions such as a reverse stock split aimed at maintaining Nasdaq listing standards.
On this news page, readers can review press releases about new AI models within faidr, such as the binary AI model that enables music-only listening on FM stations, as well as updates to the company’s corporate overview and superapp strategy. For anyone following AI in audio streaming, artist promotion tools, or small-cap technology restructuring around AI and web3 themes, Auddia’s news provides insight into how the company is positioning itself and its products.
Auddia Inc. (NASDAQ:AUUD, AUUDW) has announced a partnership with the Independent Broadcasters Association (IBA) to promote its app nationwide, leveraging IBA's 1,500 station members. This collaboration aims to enhance consumer engagement with audio content by utilizing local broadcasters to deliver commercial-free radio experiences. The initial phase targets independent broadcasters, focusing on utilizing Auddia's innovative AI platform. A webinar on the partnership will be held on October 14, 2021, to discuss advertising opportunities as Auddia prepares for its national launch.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced an update to its app that enables the addition of unlimited radio stations beyond the initial six from Lakes Media. CEO Michael Lawless highlighted improvements made in response to broadcaster input, aiming to include all radio stations in the app. The company plans to activate additional stations from RadioAlabama and Amaturo Sonoma Media shortly. Auddia is expected to host a corporate update in November to discuss initial results and future revenue expectations from its AI audio platform.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the grant of an inducement stock option to new CFO Brian Hoff, allowing him to purchase 185,000 shares at an exercise price of $2.79 per share. The option, aligned with Nasdaq Listing Rule 5635(c)(4), vests over four years, with one-fourth vesting after one year and the rest annually. Auddia focuses on transforming audio engagement through innovative podcast technologies and personalized radio services, appealing to growing audiences with a strong purchase intent.
Auddia Inc. (NASDAQ:AUUD, AUUDW) will present at the Sidoti August Microcap Conference on August 18th at 1:45 PM ET. The company, known for its AI platform for audio and podcast innovations, aims to transform audio engagement. Jeff Thramann, founder and executive chairman, will lead the presentation, which is part of a virtual event spanning August 18th and 19th. One-on-one meetings with management are also available. Auddia's unique offerings include listening to AM/FM radio with personalized content and interactive podcasts.
Auddia Inc. has expanded its reach by partnering with Bluewater Broadcasting, adding approximately 150,000 radio listeners to its platform. This brings the total potential audience for Auddia to around 650,000 subscribers. Bluewater, based in Montgomery, Alabama, operates eight stations and marks Alabama as the first state with multiple broadcast groups on the Auddia platform. Auddia plans to begin testing its AI algorithms with Bluewater stations and expects to provide insights into consumer interest in their subscription offering by late Q3 to early Q4.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced the launch of the Vodacast Hub, a platform enabling podcasters to create interactive digital feeds linked to their audio content. This innovation opens avenues for monetization, allowing creators to tap into the $378 billion global digital advertising market. The Vodacast Hub facilitates native digital ads synced with audio ads and will integrate with programmatic ad servers like MoPub by mid-Q3 2021. Auddia aims to enhance listener engagement while offering podcasters new revenue streams, with metrics expected by late Q4 2021.
Auddia Inc. (NASDAQ:AUUD, AUUDW) will present at the Access to Giving Virtual Investor Conference from July 13-15, 2021. Founder Jeff Thramann will speak on July 13 at 2:00 PM ET. The conference aims to educate investors and features over 50 companies alongside keynote speeches and panel discussions. Auddia's AI platform is set to transform audio engagement, offering ad-free AM/FM radio and interactive podcasts. The presentation will be live-streamed, and investors can register for one-on-one meetings or view the webcast at Auddia's website.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the addition of RadioAlabama, expanding its platform to approximately 500,000 potential subscribers. This partnership marks the first time radio stations will promote a subscription-based, commercial-free listening experience. RadioAlabama, an award-winning radio group operating 10 stations, expects the Auddia platform to enhance local programming and reach audiences beyond traditional coverage areas. Auddia aims to report initial consumer interest in late Q3 to early Q4.
Auddia Inc. (NASDAQ:AUUD, AUUDW) recently announced the national launch of its flagship Auddia app, now available in the AppStore, with an Android version coming soon. The app offers commercial-free radio and personalized content at a subscription price of $5.99/month. Significant advancements in artificial intelligence have expedited this launch, allowing Auddia to skip beta trials. The company aims to expand features and content, eventually raising the subscription price to $11.99/month. Auddia is positioned to capitalize on a large audience eager for innovative audio experiences.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced a significant advancement in its AI technology that boosts accuracy by 170% and reduces processing time by 5X. This innovation eliminates hard costs associated with training AI on audio content, enabling rapid scaling to thousands of stations. The company reaffirms its guidance for a full national launch in the second half of 2021. With the new methodology, Auddia can process 1008 hours of audio data in one day at no cost, compared to a previous requirement of 50 hours over five days at a cost exceeding $2,100.