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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. has expanded its reach by partnering with Bluewater Broadcasting, adding approximately 150,000 radio listeners to its platform. This brings the total potential audience for Auddia to around 650,000 subscribers. Bluewater, based in Montgomery, Alabama, operates eight stations and marks Alabama as the first state with multiple broadcast groups on the Auddia platform. Auddia plans to begin testing its AI algorithms with Bluewater stations and expects to provide insights into consumer interest in their subscription offering by late Q3 to early Q4.
Auddia Inc. (NASDAQ: AUUD, AUUDW) announced the launch of the Vodacast Hub, a platform enabling podcasters to create interactive digital feeds linked to their audio content. This innovation opens avenues for monetization, allowing creators to tap into the $378 billion global digital advertising market. The Vodacast Hub facilitates native digital ads synced with audio ads and will integrate with programmatic ad servers like MoPub by mid-Q3 2021. Auddia aims to enhance listener engagement while offering podcasters new revenue streams, with metrics expected by late Q4 2021.
Auddia Inc. (NASDAQ:AUUD, AUUDW) will present at the Access to Giving Virtual Investor Conference from July 13-15, 2021. Founder Jeff Thramann will speak on July 13 at 2:00 PM ET. The conference aims to educate investors and features over 50 companies alongside keynote speeches and panel discussions. Auddia's AI platform is set to transform audio engagement, offering ad-free AM/FM radio and interactive podcasts. The presentation will be live-streamed, and investors can register for one-on-one meetings or view the webcast at Auddia's website.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced the addition of RadioAlabama, expanding its platform to approximately 500,000 potential subscribers. This partnership marks the first time radio stations will promote a subscription-based, commercial-free listening experience. RadioAlabama, an award-winning radio group operating 10 stations, expects the Auddia platform to enhance local programming and reach audiences beyond traditional coverage areas. Auddia aims to report initial consumer interest in late Q3 to early Q4.
Auddia Inc. (NASDAQ:AUUD, AUUDW) recently announced the national launch of its flagship Auddia app, now available in the AppStore, with an Android version coming soon. The app offers commercial-free radio and personalized content at a subscription price of $5.99/month. Significant advancements in artificial intelligence have expedited this launch, allowing Auddia to skip beta trials. The company aims to expand features and content, eventually raising the subscription price to $11.99/month. Auddia is positioned to capitalize on a large audience eager for innovative audio experiences.
Auddia Inc. (NASDAQ:AUUD, AUUDW) announced a significant advancement in its AI technology that boosts accuracy by 170% and reduces processing time by 5X. This innovation eliminates hard costs associated with training AI on audio content, enabling rapid scaling to thousands of stations. The company reaffirms its guidance for a full national launch in the second half of 2021. With the new methodology, Auddia can process 1008 hours of audio data in one day at no cost, compared to a previous requirement of 50 hours over five days at a cost exceeding $2,100.
Auddia Inc. (NASDAQ:AUUD, AUUDW) has been invited to present at the Summer Solstice - Best Ideas from the Buy-Side conference from June 1-4, 2021. Founder and executive chairman Jeff Thramann will present on June 1 at 12:00 PM ET. The conference will feature top investment ideas selected by qualified institutional investors and aims to provide insights for market alpha. The presentation will be accessible via a live webcast. Auddia is known for its innovative AI platform enhancing audio engagement and podcast technology.
Auddia Inc. (NASDAQ: AUUD, AUUDW) has expanded its pilot program with Amaturo Sonoma Media LLC, aiming to reach over 300,000 radio listeners. This partnership introduces a subscription-based commercial-free radio experience for the first time, allowing consumers to access personalized content. The Auddia app is expected to launch nationally in late Q2 or early Q3 2021, following successful testing of its AI algorithms. Auddia will evaluate subscription pricing from both Sonoma and Lakes Media subscribers before the full launch.
Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) has appointed Brian Hoff as the new Chief Financial Officer, effective immediately. He succeeds Rick Liebman, who will assist in the transition until April 30, 2021. Hoff brings significant experience in high-growth financial environments, previously serving at STACK Infrastructure and Coalfire. CEO Michael Lawless emphasized Hoff's strong industry reputation and his potential to contribute across Auddia's operations. Auddia focuses on enhancing consumer engagement with audio through its AI platform and innovative podcast technologies.
Auddia Inc. (NASDAQ:AUUD)(NASDAQ:AUUDW) reported strong progress in 2020, highlighted by its IPO in February 2021. The company aims to capitalize on a growing audio market, with 133 million U.S. subscription audio users and 270 million radio listeners. Auddia anticipates rapid growth, with podcasting listeners projected to reach 173 million in 2022. The timeline for product rollouts includes commercial trials starting in Q2 2021 and a national launch by Q3 2021. Recent partnerships and a new board member enhance their market position.
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