Collective Audience Inc. reported financial results for Q1 2024, with a net loss of $1.21 million or $0.09 per share, compared to a net loss of $468,684 or $0.08 per share in Q1 2023. The company ended the quarter with $52,123 in cash, down from $612,183 at the end of 2023, while total assets decreased to $11.38 million from $12.23 million.The company has made significant strategic moves, completing two major acquisitions in 2024. In June, it acquired a 51% stake in DSL Digital LLC, a global marketing platform with AI technology serving Fortune 500 clients. In August, it acquired BeOp, a French conversational advertising company, issuing 3 million restricted shares as consideration with potential earnout payments tied to 2024-2025 performance targets.Management is addressing liquidity concerns through various initiatives, including a commitment from the Sponsor to provide up to $30 million in financing. However, the company faces multiple Nasdaq listing compliance challenges, including minimum bid price and market value requirements, and has received a delisting notice which it is appealing. The company has implemented cost control measures while focusing on integrating its recent acquisitions.

Collective Audience Inc. reported financial results for Q1 2024, with a net loss of $1.21 million or $0.09 per share, compared to a net loss of $468,684 or $0.08 per share in Q1 2023. The company ended the quarter with $52,123 in cash, down from $612,183 at the end of 2023, while total assets decreased to $11.38 million from $12.23 million.The company has made significant strategic moves, completing two major acquisitions in 2024. In June, it acquired a 51% stake in DSL Digital LLC, a global marketing platform with AI technology serving Fortune 500 clients. In August, it acquired BeOp, a French conversational advertising company, issuing 3 million restricted shares as consideration with potential earnout payments tied to 2024-2025 performance targets.Management is addressing liquidity concerns through various initiatives, including a commitment from the Sponsor to provide up to $30 million in financing. However, the company faces multiple Nasdaq listing compliance challenges, including minimum bid price and market value requirements, and has received a delisting notice which it is appealing. The company has implemented cost control measures while focusing on integrating its recent acquisitions.