Auddia Inc. Releases New Investor Presentation
October 02 2023 - 8:00AM
via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW)
("Auddia" or the "Company"), developer of a proprietary AI platform
for audio and innovative technologies for podcasts that is
reinventing how consumers engage with audio, today announced that
it has released a new investor presentation, which can be found on
its website at https://investors.auddiainc.com/ and which will
be presented by Jeff Thramann, Executive Chairman of Auddia, at the
LD Micro Main Event XVI 2023 on Wednesday, October 4th at 12:00 PM
ET with the webcast available at this link for conference
registrants: https://me23.sequireevents.com
The new investor presentation incorporates several important
content updates in addition to a general refresh of the look and
feel of the slides to reflect the recent branding updates and new
user interface the company introduced with the launch of faidr 3.0
earlier this year.
The first meaningful content update brings the presentation
current with the significant progress the Company has made in
transitioning the product from faidr 1.0 to faidr 3.0 in 2023. As
detailed in press releases throughout the year, this included the
addition of exclusive content to faidr 1.0 under the faidrRadio
brand and the addition of podcast listening. Rather than consumers
accessing faidr 1.0 only for streaming AM/FM listening with or
without commercials, with faidr 3.0, consumers can now access faidr
on both iOS and Android phones to listen to streaming AM/FM radio,
exclusive faidrRadio content, and their favorite podcasts. faidr
remains the only streaming platform where consumers can choose to
pay a subscription to listen to every AM/FM radio station without
commercials.
The second meaningful content update adds an overview of the
Company’s strategy to use acquisitions as a complimentary path to
exponentially grow the faidr 3.0 user base on both the free and
subscription tiers. Again, as previously disclosed in press
releases, the new investor presentation brings current the timeline
of the proposed acquisitions and quantifies the improvement in
customer acquisition costs (CAC) per user on the free tier, with
CAC improving to approximately $3/user in the acquisition strategy
versus $14/user in the direct-to-consumer advertising strategy.
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
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