Collective Audience, Inc. (the "Company"), operating primarily through its subsidiary DLQ Inc., has released its annual financial report for the year ended December 31, 2023. The report indicates a revenue of $12.14 million, a decrease from the previous year's $20.24 million. Operating expenses totaled $18.8 million, leading to a loss from operations of $6.66 million. Other income, primarily from fair value adjustments of derivative warrants, contributed $2.08 million, resulting in a net loss before taxes of $4.58 million. The Company's cash position at year-end was $612,183, with a working capital deficit of $2.88 million. The report also covers the completion of a business combination with Abri SPAC I, Inc., which resulted in the issuance of 11.4 million shares as merger consideration. The Company's financial statements have been...Show More

Collective Audience, Inc. (the "Company"), operating primarily through its subsidiary DLQ Inc., has released its annual financial report for the year ended December 31, 2023. The report indicates a revenue of $12.14 million, a decrease from the previous year's $20.24 million. Operating expenses totaled $18.8 million, leading to a loss from operations of $6.66 million. Other income, primarily from fair value adjustments of derivative warrants, contributed $2.08 million, resulting in a net loss before taxes of $4.58 million. The Company's cash position at year-end was $612,183, with a working capital deficit of $2.88 million. The report also covers the completion of a business combination with Abri SPAC I, Inc., which resulted in the issuance of 11.4 million shares as merger consideration. The Company's financial statements have been prepared assuming it will continue as a going concern, despite substantial doubt raised due to net losses and negative cash flows. The report includes details on executive compensation, director independence, and related party transactions, including an agreement with The Odyssey SAS (dba BeOp) and the acquisition of DSL Digital, LLC. The Company's common stock is listed on the Nasdaq Global Market under the symbol "CAUD".