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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 launched the faidr mobile application, which allows users to access over 4,500 major radio stations across the U.S. This innovative app enables real-time recording and playback of live radio, offering listeners a customizable experience by avoiding unwanted interruptions. Auddia plans to introduce talk format stations by mid-2022 and offers a 90-day free trial for new users. The Hands-off subscription is available at $11.99 per month. Auddia aims to achieve breakeven with approximately 55,000 monthly subscribers, signaling potential for profitability.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced successful early metrics from its Auddia app after adding eight local radio stations in Sonoma County. Over a 2-month advertising campaign, the app achieved an impressive click-to-install rate of 11%, nearly 3X the industry average. The app is set for a nationwide relaunch as 'faidr' on February 15, 2022, featuring a revamped UI and new content features. CEO Michael Lawless expressed optimism for user adoption, as the new name highlights the app’s AI-driven approach and enhances user control over listening experiences.
Auddia Inc. (NASDAQ:AUUD, AUUDW) has announced a partnership with PodcastOne to leverage its Vodacast platform for creating digital feed content for four selected podcasts. This collaboration aims to enhance audience engagement through interactive content while promoting the Vodacast app. Auddia CEO, Michael Lawless, expressed enthusiasm about connecting with PodcastOne's loyal audience, marking this as another step towards expanding podcaster partnerships. This partnership could potentially open opportunities for around 600 podcasters across both PodcastOne and Bleav networks.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced a partnership with Bleav Podcast Network to enhance its Vodacast mobile application. This collaboration will commence with six podcasts generating digital feed content for their episodes. Bleav, a leader in professional podcasts, aims to enrich user experience through these new features. Auddia's CEO noted a 230% increase in mobile app downloads quarter-over-quarter, showcasing the platform's growing popularity and user engagement with digital feeds.
Auddia Inc. (NASDAQ:AUUD, AUUDW) has announced a significant update regarding its radio streaming platform during a management webcast held on November 15, 2021. The company will fully launch its system for all major U.S. radio stations on February 15, 2022, which could enhance user adoption and revenue growth. The tiered subscription model will offer a free service and three paid tiers ranging from $5.99 to $11.99. Additionally, Auddia is experiencing favorable metrics for its Vodacast platform, which is expected to contribute to its expansion strategy.
Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) will host a corporate update and investor video webcast on November 15, 2021, at 10:30 am ET. The event aims to inform investors about the company's progress in developing its proprietary AI platform for audio and innovative podcast technologies. The webcast can be accessed via a provided link, and a replay will be available on the company's website afterwards. Auddia's offerings include commercial-free AM/FM radio and interactive podcasts, catering to a growing audience with strong purchase intent.
Auddia Inc. (NASDAQ:AUUD, AUUDW) reported significant user engagement data for its Vodacast platform, revealing that approximately 90% of users interact with available digital feed content. Mobile app downloads soared by 230% in Q3 2021 compared to Q2 2021, alongside a 275% increase in show subscriptions. The company plans to release Flex Revenue features in the first quarter of 2022, aiming to enhance revenue opportunities for podcasters. This initiative could support access to the $378B digital ad market, offering robust growth potential for Auddia.
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.
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