Auddia Inc. - AUUD STOCK NEWS

Auddia Inc. (NASDAQ:AUUD, AUUDW) reported strong Q2 2022 results for its faidr mobile app, achieving over 80,000 downloads with a cost-per-install under $3 and exceeding 40,000 monthly active users. Management is focused on optimizing user experience through data analysis to enhance subscription conversion metrics, which they expect to align with or surpass industry leaders. Auddia plans to announce initial subscription conversion rates and 2023 revenue guidance with Q3 filings, with ongoing trials to assess user engagement and retention.

Auddia Inc. (NASDAQ: AUUD, AUUDW) has enhanced its AI platform to deliver a commercial-free experience on news, talk, and sports radio within the faidr app. This advancement allows users to hear DJ talk segments alongside music on various stations. Currently, 10% of stations are enabled, with plans for 80% by July 31 and full rollout by the end of Q3. The company anticipates announcing initial subscription conversion rates in Q3, building on a 49% increase in listening time following the introduction of faidrDJ.

Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the successful introduction of its new feature, faidrDJ, resulting in a 49% increase in time spent listening on the faidr app. The company confirms that it will enable news, talk, and sports stations by the end of Q2 2022, alongside releasing key product enhancements aimed at boosting subscription conversions in July. The faidrDJ feature, voiced by Shelby Taylor, enhances user experience by transitioning between radio programming and faidr content during ad breaks. Auddia is committed to optimizing its app to maximize paid user conversion.

Auddia Inc. (NASDAQ:AUUD, AUUDW) has released a new investor presentation detailing user acquisition and usage metrics for its faidr and Vodacast platforms as of May 19, 2022.

Key metrics include:

• faidr: 42,230 installs, 30,000 monthly active users, $3.31 cost-per-install, 5,200+ radio stations.
• Vodacast: 17,393 installs, 3,699 monthly active users, 21% retention rate, and 94% feed engagement.

This highlights Auddia's progress in transforming audio engagement through innovative technologies.

Auddia Inc. (NASDAQ:AUUD, AUUDW) announced strong initial consumer data following the launch of its mobile streaming app, faidr, on February 15, 2022. The app, which allows users to listen to AM/FM radio stations without commercials, has achieved 36,000 downloads, exceeding the goal of 50,000 by the end of Q2. Additionally, Monthly Active Users (MAUs) have reached 24,800, surpassing the 10,000 target. The cost per install (CPI) averages $3.75, below the anticipated $5. Auddia plans to report further metrics by the end of Q2, focusing on subscription conversion rates.

Auddia Inc. (NASDAQ:AUUD, AUUDW) announced its new music distribution program, Discovr, aimed at supporting independent artists by getting their music played on 4,500+ local radio stations by July 1, 2022. Artists will receive compensation for plays and access to listening data, enhancing their exposure. The faidr app, unique for offering ad-free radio, utilizes AI to match artists with listeners. This initiative positions Auddia within the rapidly growing independent distribution sector, competing with companies like DistroKid and UnitedMasters.

Auddia Inc. (NASDAQ:AUUD, AUUDW) will present at the Planet MicroCap Showcase 2022 on May 4, 2022, at 4:00 PM ET in Las Vegas. Founder Jeff Thramann will lead the presentation and engage with investors. Live access to the presentation can be found here. For those interested in one-on-one meetings at the event, registration is required here. Auddia's AI platform aims to revolutionize audio engagement by offering personalized, ad-free listening experiences for AM/FM radio and podcasts, which target a growing audience.

Auddia Inc. (NASDAQ: AUUD, AUUDW) will participate in the 2022 Virtual Growth Conference from March 28-30. Jeff Thramann, the company's founder and executive chairman, is set to present on March 29 at 11:00 AM ET. This event will showcase executives across various sectors, including technology and media. Auddia is focused on transforming audio engagement through AI technology, allowing users to listen to AM/FM stations without commercials and enhancing podcasts with interactive content. Sign up for the conference on M-Vest to hear more.

Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) announced on February 22, 2022, that it granted an inducement stock option to its new VP of Marketing, Theo Romeo, covering 138,750 shares of common stock. The exercise price is set at $1.79 per share, equal to the stock's closing price on the grant date. The option vests over four years and has a term of 10 years. Auddia continues to leverage its proprietary AI platform for audio and innovative podcast technologies, targeting rapidly growing audiences.