Associated tags: AM/FM, Disc jockey, Classification, Radio receiver, Super-app, Radio, CO, Mobile phone, IOS, Android
Locations: NEW YORK, NY, BOULDER, CO, US, DELAWARE
BOULDER, CO, April 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced the U.S. Patent and Trademark Office (USPTO) awarded Auddia with U.S. Patent 11,935,520 for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
Key Points:
- BOULDER, CO, April 08, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced the U.S. Patent and Trademark Office (USPTO) awarded Auddia with U.S. Patent 11,935,520 for the core AI technology Auddia uses in its flagship faidr app to deliver ad-free AM/FM radio stations to paid subscribers.
- “Issuance of this patent validates our innovation and secures our AI for Audio technology as a proprietary platform we look forward to building upon to drive new innovations in support of additional industry first premium audio listening experiences.”
In addition to issuance of Patent 11,935,520, the Company has taken the next step in advancing the provisional patent application it filed last year related to leveraging AI to improve large language model (LLM) prompts and the domain specific knowledge of proprietary GPTs.
- This conversion initiates the process for the patent office to review the application as the next step in pursuing patent protection.
- Second, the patent covers capturing the AI generated prompt improvements and the enriched outputs of the LLMs to create new GPTs with industry specific domain expertise.
BOULDER, CO, March 18, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced that it has closed on $3.5M of new financing by selling 1.3M common shares from its previously announced equity line.
Key Points:
- BOULDER, CO, March 18, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with audio, today announced that it has closed on $3.5M of new financing by selling 1.3M common shares from its previously announced equity line.
- “We have a number of product enhancements to faidr that are in our pipeline in addition to the innovative Seamless Play and Forward+ capabilities we announced as part of our Enhanced Podcasts suite last week,” said Theo Romeo, Chief Product Marketing Officer for Auddia.
- “This financing allows us to lock these products into our roadmap in an ongoing effort to improve the user experience and performance metrics.”
Management believes that by strengthening the balance sheet and improving the premium listening experience available on faidr, which includes commercial free AM/FM listening with the ability to skip content and the enhanced podcast listening experiences facilitated by Seamless Play and Forward+, that the Company is better positioned to execute on its M&A strategy.
- “One of the key synergies that makes our M&A strategy so attractive is upselling premium subscriptions to consumers already listening to standard AM/FM streams and podcasts,” said Michael Lawless, Auddia CEO.
BOULDER, CO, March 14, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced its new pay-per-play beta program for podcasters and networks.
Key Points:
- The program will treat podcast plays and downloads similar to streaming music, where content owners receive a direct payment based on how many streams they receive.
- “For many podcasters, the economics are simply broken,” said Michael Lawless, CEO of Auddia.
- Meanwhile, ad networks, ad servers and ad salespeople are taking a significant chunk of the gross revenue from podcast ads.
- The Company is in talks with a number of potential partners and hopes to announce the first group of pay-per-play beta participants in the coming weeks.
Natural language processing,
Software as a service,
Natural language,
Partnership,
Research,
NLP,
Classification,
AI,
Radio receiver,
Radio,
CO,
Ecosystem,
API,
Partner,
Economics,
Advertising,
Mobile phone BOULDER, CO, March 12, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced a partnership with Sounds Profitable, a leading research and advocacy firm in podcasting.
Key Points:
- “We’re delighted to kick off this partnership,” said Michael Lawless, CEO of Auddia.
- The Company’s goals for the Enhanced Podcasts offering are to provide better economics for podcasters; more customization and control for users; and superior data and transparency for publishers.
- This strategy allows Auddia to leverage its completed AI and NLP technologies for the podcasting industry at a much grander scale.
- “We’re excited to share that story and the far more efficient economics that can be offered to potential partners in the podcasting space.”
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BOULDER, CO, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification, classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced the withdrawal of the S-1 on file to secure the financing to acquire Radio FM, a leading AM/FM radio streaming app.
Key Points:
- BOULDER, CO, March 07, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification, classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced the withdrawal of the S-1 on file to secure the financing to acquire Radio FM, a leading AM/FM radio streaming app.
- “We have been pursuing an aggressive AM/FM streaming app acquisition strategy by negotiating with three targets simultaneously,” said Jeff Thramann, Executive Chairman of Auddia.
- “It is now clear that market conditions are unfavorable for securing the largest acquisition as our first target.
- Once these targets are successfully integrated and synergies are demonstrated, we will be in a stronger position to pursue larger opportunities in our space.”
Both parties have agreed to terminate the current purchase agreement and the Company plans to reengage with Radio FM in the future should the opportunity arise.
BOULDER, CO, March 04, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), a proprietary AI platform for audio identification and classification and related technologies, that is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, provides today an update on its overall M&A strategy on the heels of announcing the signing of a definitive purchase agreement to acquire Radio FM (RFM), a leading AM/FM streaming app. Closing of the RFM acquisition remains subject to securing adequate financing.
Key Points:
- Jeff Thramann, Executive Chairman of Auddia, said, “The previously announced RFM acquisition represents the first M&A target of the three AM/FM streaming providers we have under LOI.
- If we are able to arrange financing for RFM and our other targets, the acquisitions would completely change the financial trajectory of Auddia.
- Auddia expects to sign the definitive purchase agreement for target #2 before the end of Q1 2024.
- All three acquisitions being targeted by Auddia remain subject to financing the acquisition costs.
Retrieved on:
Thursday, February 29, 2024
Acquisition,
CMO,
CO,
Canadian Tire money,
Growth,
RFM,
Radio,
Super-app,
Classification,
AM/FM,
Radio receiver,
Partnership,
Music BOULDER, CO, Feb. 29, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), a proprietary AI platform for audio identification and classification and related technologies, that is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, detailed today how the company expects to drive significant synergies through its proposed acquisition of streaming app Radio FM.
Key Points:
- Theo Romeo, CMO and Chief Product Officer of Auddia, said, “Radio FM currently generates almost all of its revenue from digital ad placements on a free tier.
- Our product integration strategy is to leave this free tier intact and integrate our AI into the existing Radio FM platform.
- As previously announced, Auddia has recently productized a second AI technology that extends the Company’s premium ad-free listening experience to podcasts in addition to AM/FM radio streams.
- If the Company is successful in executing all three targeted acquisitions, the timeline to profitability is expected to accelerate.
Retrieved on:
Tuesday, February 27, 2024
Acquisition,
Burn,
IHeartRadio,
LOI,
Marketing,
Google Play,
RFM,
Pandora,
Radio,
Radio receiver,
Classification,
AM/FM,
CO,
CAC,
App Store (iOS/iPadOS),
Broadcasting BOULDER, CO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), a proprietary AI platform for audio identification and classification and related technologies, that is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, announced today that it has signed a definitive purchase agreement to acquire Radio FM (RFM), a leading AM/FM streaming app. Closing the acquisition remains subject to financing the acquisition cost.
Key Points:
- Closing the acquisition remains subject to financing the acquisition cost.
- Radio FM is one of the leading global radio streaming mobile applications.
- The Radio FM acquisition allows us to acquire 4.6 million retained users at a customer acquisition cost (CAC) that is approximately 70% lower than the cost to acquire a free tier user through our direct marketing methods.
- Auddia continues to advance discussions with the other two previously disclosed acquisition targets under LOI and will provide an update on their status in the coming days.
Retrieved on:
Friday, February 23, 2024
The reverse stock split will not change the authorized number of shares of the Company’s common stock.
Key Points:
- The reverse stock split will not change the authorized number of shares of the Company’s common stock.
- The reverse stock split will apply to the Company’s outstanding warrants, stock options and restricted stock units.
- The number of shares of common stock into which these outstanding securities are convertible or exercisable will be adjusted proportionately as a result of the reverse stock split.
- Once the reverse stock split becomes effective, stockholders holding shares through a brokerage account will have their shares automatically adjusted to reflect the 1-for-25 reverse stock split.
