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Auddia Inc. is a technology company based in Boulder, Colorado, specializing in radio broadcasts and streaming audio content digitally. Their flagship products include the Auddia App, a subscription-based commercial-free AM/FM software application, and Vodacast, an interactive podcasting platform and application. Revenue is generated through subscription fees and advertisement services for cloud-based computing services. Auddia has recently announced partnerships with industry leaders, Sounds Profitable, to integrate AI and NLP technologies into podcasting audio, allowing for segment identification and enhanced listener control. The company also plans to launch a subscription-based ad-free podcast offering and accelerate the integration of their AI technologies on a larger scale.
Auddia Inc. (NASDAQ: AUUD, AUUDW) has filed a broad patent application aimed at enhancing AI engines for real-time GPT conversations, particularly targeting the creation of domain-specific models, including a MusicGPT. This move adds to Auddia's proprietary AI platform, which powers its audio app, faidr. The first product utilizing this technology, ChatMusic, will function as a unique music player integrating chat capabilities, revolutionizing user interaction with music. The new algorithms will optimize GPT prompts to enhance user-generated audio content across AM/FM radio, podcasts, and music within the faidr superapp.
Auddia Inc. (NASDAQ:AUUD, AUUDW) will present at the Third Annual Winter Wonderland - Best Ideas Virtual Investor Conference from February 21-24, 2023. Jeff Thramann, Executive Chairman, is scheduled to speak on February 22 at 11:30 AM ET. The conference features the top 37 best ideas recommended by qualified institutional investors. Auddia's innovative AI platform enhances audio engagement, offering a flagship superapp, faidr, which provides subscription-based, ad-free listening and interactive podcasts. Interested parties can register for the conference or inquire about one-on-one meetings via email.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the appointment of Tim Ackerman as Chief Financial Officer, effective immediately. Ackerman succeeds Brian Hoff, who resigned in November 2022. With over 20 years of experience in finance and operations within software industries, Ackerman previously served as CFO at Premier Crop Systems and held a VP position at CSG International. His leadership is expected to support Auddia's aggressive growth goals in 2023, particularly with the company's recent product launches, including the faidr audio superapp. He has been granted stock options and restricted stock units as part of his compensation package.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the launch of its proprietary audio content hosting and streaming system for their flagship app, faidr. The new system supports full-song streaming in music podcasts, allowing for a unique audio experience. faidrRadio, available on iOS since January 24, 2023, features Music Casts and Music Stations and plans to expand to Android soon. The system is designed for dynamic content delivery and complies with music-streaming guidelines. Auddia aims to enhance user interaction with features like pausing and skipping songs. The company plans to introduce podcasts within the app by the end of Q1 2023.
Auddia Inc. (NASDAQ: AUUD, AUUDW) has launched faidrRadio, a premium audio content feature in its faidr app, available initially to iOS users and later to Android users. This offering includes curated music playlists, termed Music Stations, and DJ-hosted episodic programming labeled Music Casts. At launch, the service features seven Music Stations and 30 Music Casts, with plans for growth in 2023. The launch aligns with Auddia's broader strategy to enhance its audio Superapp, which aims to integrate exclusive content and podcasts. CEO Michael Lawless emphasizes the unique value of this content in engaging users and supporting new artists.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced an upcoming presentation at the Ladenburg Thalmann Virtual Technology Expo on December 7, 2022, at 3:00 PM ET. Founder Jeff Thramann will showcase the company's progress and discuss future catalysts as Auddia transitions to a revenue-generating model. The expo will feature presentations from around 50 technology and media companies, offering investors opportunities for one-on-one meetings. Auddia is known for its innovative AI platform that enhances audio engagement across mediums like AM/FM radio and podcasts.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced a significant corporate update, transitioning to a revenue-generating model in 2023. The company achieved a successful launch of its audio platform, faidr, exceeding key user metrics. Auddia provided initial revenue guidance of $1M to $1.2M by year-end, with projected annual run rates of $3.25M to $3.9M in 2024. Key metrics for growth include a planned decrease in cost-per-install from $2.40 to $1.80 and increased user retention from 6% to 10%. Auddia secured $12M in funding to support its growth strategy.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced a corporate update call and investor webcast set for November 15, 2022, at 10:30 am ET. The call will provide an update on the company’s innovative AI platform for audio and podcast technologies, which aim to enhance consumer engagement with radio and podcasts. Participants can join the call via domestic and international numbers or through a live webcast link, with a replay available until November 22, 2022. For further details, the company encourages checking its investor relations page.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced the departure of its CFO, Brian Hoff, who is moving to a private equity-backed manufacturing firm. In response, the company has engaged an outside firm to assist with financial reporting and will start a search for a new CFO. Hoff will continue to consult with Auddia during the transition to ensure stability. Auddia confirmed that it will meet all Q3 SEC filing deadlines without disruptions. The company continues to innovate in audio engagement through its AI platform and offers unique podcast technologies.
Auddia Inc. (NASDAQ: AUUD, AUUDW) reported strong user metrics, with subscription conversion rates surpassing expectations—first at 8.5% against a 5% target. Costs-per-install (CPI) are nearing $2, indicating improved user adoption. The company ranks in the top 10% of music and entertainment apps for retention. By the end of 2022, Auddia plans to launch faidrRadio and continue integrating podcasts, enhancing user experience. Auddia's innovative technology allows listeners to control AM/FM radio experiences, positioning the company favorably against legacy streaming services.
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