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AUUDW

Auddia Inc.

http://www.auddia.com

Industry

Software - Application

Auddia Inc. develops software technologies for audio media companies and consumers of audio media. The company's flagship product is Auddia App, a subscription based commercial free AM/FM software application. It also provides Vodacast, an interactive podcasting platform and application. The company was founded in 2012 and is headquartered in Boulder, Colorado.

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Auddia Inc. has announced an increase in its 30-day user retention rate from 5% to 12% over the past year, surpassing its target of 10%. The company will now focus on optimizing subscription conversions to drive high-margin revenue.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:13 pm

Auddia Inc. has expanded its faidr app to include over 13,000 AM/FM stations, with more than 9,000 ad-free for subscribers. The company also introduced new podcast features and plans to release a music-only AI model and gamification features in Q4.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 10:58 am

Auddia Inc. has integrated Apple CarPlay and Android Auto into its faidr app, enhancing in-car listening experiences. This move aligns with the growing trend of smartphone mirroring in vehicles, which is a significant factor for car buyers.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:59 am

Auddia Inc. announced the issuance of U.S. Patent 11,935,520 for its core AI technology used in the faidr app, which delivers ad-free AM/FM radio. This patent supports Auddia's AI for Audio platform and marks a significant milestone in securing its proprietary technology. Additionally, Auddia has advanced its provisional patent application for AI improvements in large language models (LLMs) to a non-provisional application, aiming to enhance LLM prompts and create new GPTs with industry-specific expertise.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:04 pm

Auddia Inc. announced a beta program for subscription podcasting where participating podcasts will be paid on a 'pay-per-play' basis for each ad-free episode played on the Faidr audio Superapp. The program aims to provide podcasters with a more substantial portion of revenue by mimicking the streaming music payment model. Auddia's Seamless Play and Forward+ features, part of its Enhanced Podcasts suite, will facilitate ad avoidance and are set to release later this year. The company targets listeners who skip ads and aims to offer higher margins and efficiencies for podcasters.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:09 pm

Auddia Inc. has announced the withdrawal of its S-1 filing intended to finance the acquisition of Radio FM, citing unfavorable market conditions. The company will continue pursuing two other AM/FM streaming radio targets under LOI, which are more favorably priced, and plans to reengage with Radio FM for a larger transaction in the future after these acquisitions are completed and integrated.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:04 pm

Trading for AUUDW was halted but has now resumed as of 9:00:00 AM ET, following an update on quotation resumption times.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:00 pm

Trading for AUUDW was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the asset is released.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:50 am

Auddia Inc. has announced the signing of a third non-binding letter of intent (LOI) to acquire a streaming audio company, which would enhance its faidr app by adding high-margin music player capabilities and reducing costs for cover content during ad-breaks. The technology would also improve personalization for AM/FM streaming and provide direct access to auto manufacturers' stereo headunits. The acquisition is part of Auddia's strategy to grow its user base and revenue, with the potential to add $6.5 million in annual revenue and $3 million in free cash flow. The deal is subject to securing adequate financing, and Auddia is progressing towards binding purchase agreements for two other acquisitions announced in June 2023.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:13 pm

Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) has launched its exclusive content offering, faidrRadio, on the Android version of its flagship mobile app, faidr. The company had previously launched faidrRadio on its iOS product in January 2023. Since then, Auddia has increased the amount of exclusive content on faidrRadio by 4x due to consumer interest. Android users will now have access to close to 200 hours of exclusive faidrRadio content.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:32 am

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