Auddia Announces Signing of Third Non-Binding LOI for Its Streaming Audio M&A Strategy
Auddia Announces Signing of Third Non-Binding LOI for Its Streaming Audio M&A Strategy
Proposed acquisition target would accelerate audio Superapp status by introducing unique high-margin music player capabilities into faidr
拟议的收购目标将通过在faidr中引入独特的高利润音乐播放器功能来加速音频超级应用程序的地位
Proposed additional functionality would improve margins by significantly reducing the cost of delivering cover content during radio ad-breaks
拟议的附加功能将显著降低电台广告休息期间提供封面内容的成本,从而提高利润率
Technology platform of target would add further differentiation to AM/FM streaming by advancing personalization capabilities of faidr
target的技术平台将通过提高faidr的个性化功能,进一步增加AM/FM直播的差异化
If closed, the proposed transaction would provide direct access into the stereo headunits of multiple leading auto manufacturers
如果完成,拟议的交易将允许直接进入多家领先汽车制造商的立体声主机
BOULDER, CO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) ("Auddia" or the "Company"), developer of a proprietary AI platform for audio identification and classification and related technologies that is reinventing how consumers engage with audio, today announced the execution of a third non-binding letter of intent as part of its buy-side M&A strategy aimed at cost effectively growing its user base.
科罗拉多州博尔德,2023 年 11 月 29 日(环球新闻专线)— 通过 NewMediaWir - Auddia Inc. 纳斯达克股票代码:AUUD)(纳斯达克股票代码:AUUDW)(“Audia” 或 “公司”)是专有音频识别和分类人工智能平台及相关技术的开发商,该平台正在重塑消费者与音频的互动方式。该公司今天宣布执行第三份不具约束力的意向书,这是其买方并购战略的一部分,旨在经济地扩大其用户群。
"If this proposed acquisition is successfully closed, we would secure not only a healthy, revenue generating and positive cash flow business but also a talented engineering team, a robust backend system that would allow us to offer more differentiation in our audio Superapp, and potential future pathways to increase revenue through user monetization, including both ad integrations and subscription," said Jeff Thramann, Executive Chairman of Auddia.
Audia执行董事长杰夫·瑟拉曼表示:“如果这项拟议的收购成功完成,我们不仅将获得健康、创收和正现金流的业务,还将获得一支才华横溢的工程团队,一个强大的后端系统,使我们能够在音频超级应用程序中提供更多差异化,以及未来通过用户获利(包括广告整合和订阅)增加收入的潜在途径。”
In June 2023, the Company announced it had executed two non-binding LOIs, targeting audio-streaming applications with a combined user base of more than 8 million AM/FM streamers. These potential acquisitions are continuing to make progress towards execution of binding purchase agreements. The closing of any of our three proposed acquisitions will be contingent upon securing adequate financing.
2023 年 6 月,该公司宣布已经 执行了两个不具约束力的意向书,目标用户群总数超过800万 AM/FM 主播的音频流媒体应用程序。这些潜在的收购在执行具有约束力的购买协议方面继续取得进展。我们三项拟议收购中任何一项的完成都将取决于能否获得足够的融资。
Auddia CEO Michael Lawless added, "We have now entered into a non-binding LOI with our third acquisition target and have completed the diligence phases for our previous two targets. The three acquisitions together, if successfully closed, would result in more than $6.5 million in acquired annual revenue, approximately $3M in free cash flow to reduce burn, and provide the opportunity for substantial revenue upside through optimizing acquired ad revenue and delivering premium subscription products to the acquired user bases, not to mention extending our ability to deliver our applications directly into the automobile for the first time. If this third acquisition is successfully closed, Auddia would also be able to fulfill its Superapp strategy sooner and deliver a vastly superior audio experience through a substantial global AM/FM infrastructure."
Audia首席执行官迈克尔·劳勒斯补充说:“我们现在已经与第三个收购目标达成了不具约束力的意向书,并且已经完成了前两个目标的调查阶段。这三项收购如果成功完成,将带来超过650万美元的收购年收入,约300万美元的自由现金流以减少消耗,并通过优化收购的广告收入和向收购的用户群提供优质订阅产品来提供可观的收入上行机会,更不用说首次扩大我们直接向汽车交付应用程序的能力了。如果第三次收购成功完成,Audia还将能够更快地实现其Superapp战略,并通过强大的全球AM/FM基础设施提供极其卓越的音频体验。”
The Company will provide updates on the M&A strategy as definitive purchase agreements are executed. The closing of any proposed acquisitions will be contingent on securing additional financing.
随着最终收购协议的执行,公司将提供并购战略的最新信息。任何拟议收购的完成都将取决于能否获得额外的融资。
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:
关于 Auddia Inc.
Auddia正在通过其专有的音频识别和分类人工智能平台以及相关技术,正在重塑消费者与AM/FM广播、播客和其他音频内容的互动方式。Auddia的旗舰音频超级应用程序名为faidr,为音频流媒体领域带来了两个行业第一:基于订阅的无广告收听任何AM/FM广播电台的播客,以及支持更深层次的故事并为播客开辟未开发的收入来源的播客。faidr还提供独家内容和播放列表,并展示由策展人和DJ精心挑选的激动人心的新艺术家。这两款差异化产品都面向具有强烈购买意向的庞大且快速增长的受众。欲了解更多信息,请访问:
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.
前瞻性陈述
本新闻稿包含1995年《私人证券诉讼改革法》、1933年《证券法》第27A条和1934年《证券交易法》第21E条所指的前瞻性陈述,内容涉及公司目前对未来业绩、业绩、前景和机会的预期。非历史事实的陈述,例如 “预期”、“相信” 和 “期望” 或类似的表达方式,均为前瞻性陈述。这些前瞻性陈述基于管理层当前的计划和预期,受许多不确定性和风险的影响,这些不确定性和风险可能会对公司当前的计划和预期以及未来的经营业绩和财务状况产生重大影响。我们在向美国证券交易委员会提交的文件中更全面地讨论了这些风险和其他风险和不确定性。鼓励读者查看公司截至2022年12月31日止年度的10-K表年度报告中标题为 “风险因素” 的部分,以及年度报告和随后向美国证券交易委员会提交的文件中包含的其他披露。本公告中包含的前瞻性陈述自该日起作出,公司没有义务公开更新或修改任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因。
Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com
投资者关系:
吉林·史密斯,总统
PCG Advisory, Inc.
ksmith@pcgadvisory.com