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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 05:24

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Auddia Inc. reported a Q3 2024 net loss of $1.95 million, compared to a $2.12 million loss in Q3 2023. Operating expenses increased 6.5% to $1.95 million, while total other expenses decreased significantly to $1,578 from $286,920 year-over-year, primarily due to debt repayment. The company ended the quarter with $3.77 million in cash.The company successfully raised $10.4 million in new financing during 2024, enabling the repayment of $2.75 million in Secured Bridge Notes. Key operational developments included the integration of podcasting capabilities into the flagship faidr app and the release of Forward+ and Chapter Visualization features in the AI Podcast Player in August 2024.Management expects current funding to support operations into Q1 2025 but anticipates needing additional capital for full product development and scaling. The company faces ongoing Nasdaq compliance challenges, receiving notice of non-compliance with the $1.00 minimum bid price requirement in October 2024, with a deadline to regain compliance by April 14, 2025.
Auddia Inc. reported a Q3 2024 net loss of $1.95 million, compared to a $2.12 million loss in Q3 2023. Operating expenses increased 6.5% to $1.95 million, while total other expenses decreased significantly to $1,578 from $286,920 year-over-year, primarily due to debt repayment. The company ended the quarter with $3.77 million in cash.The company successfully raised $10.4 million in new financing during 2024, enabling the repayment of $2.75 million in Secured Bridge Notes. Key operational developments included the integration of podcasting capabilities into the flagship faidr app and the release of Forward+ and Chapter Visualization features in the AI Podcast Player in August 2024.Management expects current funding to support operations into Q1 2025 but anticipates needing additional capital for full product development and scaling. The company faces ongoing Nasdaq compliance challenges, receiving notice of non-compliance with the $1.00 minimum bid price requirement in October 2024, with a deadline to regain compliance by April 14, 2025.
Auddia公司报告2024年第三季度净亏损195万美元,相比2023年第三季度的212万美元亏损,营业费用增加了6.5%,达到195万美元,而其他总费用则显著减少至1,578美元,去年同期为286,920美元,主要由于偿还债务。公司 quarter 末现金余额为377万美元。公司在2024年成功筹集了1040万美元的新融资,使得偿还275万美元的担保桥接票据成为可能。主要运营进展包括将播客功能整合到旗舰faidr应用中,以及在2024年8月在AI播客播放器中发布Forward+和章节可视化功能。管理层预计目前的资金可支持运营至2025年第一季度,但预期需要额外资本以进行产品开发和扩展。公司面临持续的纳斯达克合规挑战,2024年10月收到不符合1.00美元最低买盘价格要求的通知,并需在2025年4月14日前恢复合规。
Auddia公司报告2024年第三季度净亏损195万美元,相比2023年第三季度的212万美元亏损,营业费用增加了6.5%,达到195万美元,而其他总费用则显著减少至1,578美元,去年同期为286,920美元,主要由于偿还债务。公司 quarter 末现金余额为377万美元。公司在2024年成功筹集了1040万美元的新融资,使得偿还275万美元的担保桥接票据成为可能。主要运营进展包括将播客功能整合到旗舰faidr应用中,以及在2024年8月在AI播客播放器中发布Forward+和章节可视化功能。管理层预计目前的资金可支持运营至2025年第一季度,但预期需要额外资本以进行产品开发和扩展。公司面临持续的纳斯达克合规挑战,2024年10月收到不符合1.00美元最低买盘价格要求的通知,并需在2025年4月14日前恢复合规。
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