Share Name | Share Symbol | Market | Type |
---|---|---|---|
Auddia Inc | NASDAQ:AUUD | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0001 | -0.02% | 0.4888 | 0.478 | 0.49 | 2,297 | 13:00:01 |
Auddia launched its faidr audio Superapp in February of 2022 and recently released faidr 3.0, which adds podcasts and an exclusive content offering branded as faidrRadio. The app utilizes Auddia’s proprietary AI-based audio-classification algorithm to deliver ad-free AM/FM listening. The new AI model, when it is fully rolled out, is expected to be added to faidr to deliver ad-free podcasts.
“We’ve been conducting basic research with natural language processing and exploring how NLP can be combined with our core AI technology for audio content analysis,” said Michael Lawless, CEO of Auddia. “In our current development phase, the ability to deliver ad-free podcasts is a clear application and can be executed within the faidr app, as a SaaS offering to podcast networks, or even an integrated solution for other podcasting apps.”
The Company is considering the applications of its new ad-free podcast model and will announce plans for its launch later this year.
Auddia is planning to launch the faidr 3.0 product in Android in early Q3. iOS users can visit https://apps.apple.com/us/app/faidr/id1567629951 to download the faidr 3.0 Superapp.
Visit faidr.com for more information.
About Auddia Inc.
Auddia, through its proprietary AI platform for audio identification and classification and related technologies, is reinventing how consumers engage with AM/FM radio, podcasts, and other audio content. Auddia’s flagship audio superapp, called faidr, brings two industry firsts to the audio-streaming landscape: subscription-based, ad-free listening on any AM/FM radio station and podcasts with interactive digital feeds that support deeper stories and open untapped revenue streams to podcasters. faidr also delivers exclusive content and playlists, and showcases exciting new artists, hand-picked by curators and DJs. Both differentiated offerings address large and rapidly growing audiences with strong purchase intent. For more information, visit: www.auddia.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about the Company's current expectations about future results, performance, prospects and opportunities. Statements that are not historical facts, such as "anticipates," "believes" and "expects" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. These and other risks and uncertainties are discussed more fully in our filings with the Securities and Exchange Commission. Readers are encouraged to review the section titled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as well as other disclosures contained in the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations:Kirin Smith, PresidentPCG Advisory, Inc.ksmith@pcgadvisory.comwww.pcgadvisory.com
1 Year Auddia Chart |
1 Month Auddia Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions