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Auddia Inc. 10-Q Filings

AUUD NASDAQ

Every 10-Q that Auddia Inc. (AUUD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow AUUD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AUUD filings page.

Rhea-AI Summary

Auddia Inc., an AI-focused audio technology company, reported minimal revenue and continued losses for the quarter and six months ended June 30, 2026. Revenue was $7,584 for both the quarter and year-to-date, primarily from the Discovr Radio platform. Operating expenses reached $3.0 million for the quarter and $5.3 million year-to-date, driven by higher sales and marketing, general and administrative, and $0.9 million of restructuring costs tied largely to a pending reverse merger transaction.

The company posted a quarterly net loss of $2.98 million and a year-to-date net loss of $5.26 million, increasing its accumulated deficit to $102.6 million. Auddia strengthened its balance sheet through an April 2026 equity and warrant financing, lifting cash and cash equivalents to $9.56 million and total assets to $11.54 million versus $5.20 million at December 31, 2025. Management expects current cash to fund operations only into the second quarter of 2027 and explicitly states that recurring losses and the need for additional financing raise substantial doubt about the company’s ability to continue as a going concern, even as it pursues a proposed business combination with Thramann Holdings.

Rhea-AI Summary

Auddia Inc. reported another loss-making quarter with no revenue in Q1 2026 while pursuing a transformative merger. For the three months ended March 31, 2026, the company generated no revenue and recorded a net loss of $2,281,553, wider than the $1,752,565 loss a year earlier, driven by higher sales and marketing, general and administrative, and restructuring costs.

Cash and cash equivalents fell to $1,413,387 from $3,186,985 at year-end, with operating activities using $2,275,114 in cash and management stating that existing cash plus approximately $12.9M of 2026 financing will fund operations only into the first quarter of 2027, leading to substantial doubt about continuation as a going concern.

The company executed significant equity financings, including selling 98,043 shares under an at-the-market program in Q1 2026 and a registered public offering on April 24, 2026 of 1,405,006 common shares, 3,679,737 pre-funded warrants, and 5,084,783 common warrants for gross proceeds of $12M, alongside prior Series B and Series C preferred stock rounds that have now been fully exchanged into common shares.

Auddia also agreed to a definitive merger with Thramann Holdings under which it will be renamed McCarthy Finney, with existing Auddia shareholders expected to own a 20% economic interest and entities controlled by founder Jeff Thramann an 80% interest, subject to adjustments based on closing cash and conditions including shareholder approval, Nasdaq listing, and maintaining at least $12M in cash at closing.

Rhea-AI Summary

Auddia Inc. (AUUD) filed its Q3 2025 report, posting no revenue and a net loss of $2.38 million as operating expenses rose to $2.38 million, including $0.81 million in restructuring tied to workforce changes and a proposed business combination. For the nine months, the net loss was $5.70 million.

Cash and cash equivalents were $2.73 million at September 30, 2025. The company raised approximately $5.1 million (net) year-to-date and an additional $2.1 million after quarter‑end, and amended its equity line to $50 million. It also issued 995,000 shares under the equity line for $3.7 million and 78,901 shares via ATM for about $0.7 million in the period; subsequent ATM sales totaled 928,860 shares for $2.1 million.

The filing cites substantial doubt about continuing as a going concern within one year, noting current cash is expected to fund operations only into the third quarter of 2026 without additional capital. As of November 5, 2025, 3,101,423 common shares were outstanding.