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Tag: Auddia

  • Auddia Inc. (AUUD) Goes High After Withdrawal of S-1 Filing

    Auddia Inc. (NASDAQ: AUUD) experienced a whirlwind day on Thursday, with its stock initially dipping by 3.5% before skyrocketing over 33% in afterhours trading. This surge was triggered by a significant announcement from the company, signaling a strategic shift in its acquisition plans.

    The Surge and Strategic Announcement

    The sudden surge in Auddia’s stock price came as a surprise to many investors. However, it was not without reason. The company revealed plans to withdraw its S-1 filing, a move directly linked to its efforts to acquire Radio FM, a prominent AM/FM radio streaming app.

    Jeff Thramann, Executive Chairman of Auddia, shed light on the decision, stating, “Market conditions are unfavorable for securing the largest acquisition as our first target.” This strategic pivot reflects the company’s commitment to optimizing shareholder value amidst challenging market dynamics.

    Revised Acquisition Strategy

    Auddia’s decision to withdraw the S-1 filing underscores its agility and adaptability in navigating the evolving landscape of audio streaming. John Mahoney, CFO of Auddia, emphasized the rationale behind the revised acquisition strategy, stating, “Proceeding with acquiring target #2 followed by target #3… will position us to pursue larger opportunities in our space.”

    By prioritizing capital efficiency and strategic alignment, Auddia aims to consolidate its position in the audio-streaming market while maintaining a focus on long-term growth and sustainability.

    Conclusion

    The recent developments surrounding Auddia Inc. have sparked significant interest among investors and industry observers alike. Despite initial market fluctuations, the company’s decisive actions and strategic foresight have positioned it for future success

    With an average trade volume surging to nearly 700,000 shares and a consensus target price of $25, Auddia demonstrates strong upward momentum and considerable upside potential. As it continues to execute its revised acquisition strategy and innovate within the audio-streaming landscape, Auddia remains a stock to watch in the coming months.

  • Auddia Inc. (AUUD) stock surged in the premarket trading session; find out why this happened

    It was observed in the premarket trading session that Auddia Inc. (AUUD) stock shares had surged by a percentage of 2.82% to trade at the price $5.11 at the last check. AUUD stock had closed the previous session on Tuesday with a loss of -7.45% at $4.97. The AUUD stock volume had traded 3.2 million shares. We see that in the past week AUUD shares have moved down by -33.02%. The AUUD stock in the past three months has shown a gain of approximately 67.91%. Further, the company Auddia Inc. is currently valued in the market at $58.10 million and Auddia has a total of outstanding shares that stand at 11.29 million.

    All you need to know about Auddia Inc.

    Auddia Inc. is a SaaS company that specifically focuses on the production and development of software products that are for clients in the audio and podcast market. The company serves its market through its main flagship component and product offering known as Auddia. What Auddia enables is a subscription service for users of a mobile applications that will allow them to watch and stream their favorite FM/AM stations without any commercials The company has an interactive platform which is dedicated for podcasting and application known as the Vodacast along with its management system known as the Vodacast Hub. The company was previously known as Clip Interactive up till November 2019 and was originated in the year 2012. The headquarter of the company exists in Boulder, Colorado.

    The company is finally ready to release its Vodacast Hub for podcasters

    The company announced on 12th July 2021, that it is releasing the Vodacast Hub which is the management system for AUUD’s AI based podcasting platform. Vodacast is being focused as an interactive platform for the podcasts that will allow digital content creators to easily process the audio content of their work and integrate it with the digital content they feel like goes with their audio content.

    The launch of the hub takes the initiative of Vodafone to the next level by providing the users various new monetization models through which the podcasters can generate revenue from their content feed as well as will have a new content feature for podcast listeners.

    The Vodacast Hub changes the worldview, giving podcasters a simple to utilize computerized content administration framework giving makers the capacity to convey reward content to their audience members like any multimedia and digital content that content creators believe corresponds straightforwardly to the sound substance or subject of the digital broadcast. Practically all podcasters uncover intriguing advanced substance when they research their shows. Today, this substance goes to a great extent unused on the grounds that there is no stage that effectively allows makers to tag and post this substance in an intuitive computerized feed for helpful utilization by their audience members while they tune in or later as a source of perspective. Posting this substance in an advanced feed attached to the web recording sound permits podcasters to tell further, additional intriguing stories and for purchasers to have a more intelligent and vivid listening experience.

  • What Has Been Hurting AUUD Stock In Premarket Trades?

    The stock of Auddia Inc. (AUUD) was trading at $2.86 in premarket trading, down 5.30%. The last session, Auddia closed at $3.02, an increase of 9.03% or $0.25. AUUD stock fluctuated between $2.71 and $3.90 during trading. Shares exchanged amounted to 10.0 million, significantly above the company’s average daily volume of 54K over the last 50 days.

    AUUD stock grew by 11.44% over the past five days, and it decreased by -1.95% over the past three months. So far this year, the AUUD stock has returned -9.58%. On the heels of yesterday’s AI technological advancements milestones, AUUD stock has been consolidating after gaining yesterday.

    What were those technological advancements?

    Through the development of a proprietary AI audio platform and innovative podcasting technologies, Auddia is reinventing how consumers engage with audio. There are two firsts for the industry offerings by AUUD. One of AUUD’s offerings is the option to listen to live radio with added customized content and no commercial interruptions.

    The other service provided by AUUD offers podcasts an interactive digital feed that encourages deeper storytelling and generates revenue for podcasters. Both AUUD’s offerings are targeted at large, rapidly growing audiences with high purchasing intent.

    It is within Auddia’s proprietary Artificial Intelligence engine that the company yesterday announced a major leap forward.

    • By processing radio content with precise audio and metadata, AUUD lowers the cost of training and validating AI and simultaneously improves accuracy substantially.
    • It’s expected that AI-based data processing will begin to scale to thousands of stations, improving the platform’s performance and speeding up onboarding times by a factor of five as AUUD grows.
    • By understanding and using more data, AUUD can train its artificial intelligence engine faster and with a lower cost.
    • Content identification accuracy is far greater and faster with the new approach.
    • With the cost of over $2,100 per hard dollar, AUUD would need to go through this labor-intensive process over five days.
    • A more extensive dataset is always better for training AI, but AUUD would have had to spend over $40,000 to process the 1008 hours of radio audio previously.

    AUUD’s further plans:

    Auddia (AUUD) plans to use the new AI methodology in its trial with Lakes Media and Sonoma Media. As it prepares for its full launch in the second half of 2021, AUUD expects to see consumer interest from Lakes Media and Sonoma Media audiences as well as subscription pricing from both. The trials are scheduled to start soon after the July 4th holiday.