AUDDIA INC C/WTS 19/02/2026(TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 0

LB filings
2025.11.06 22:11
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Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -1.59.

EBIT: As of FY2025 Q3, the actual value is USD -2.379 M.

Financial Metrics by Segment

Operating Expenses

  • Direct Cost of Services: Increased by $336 or 0.6% to $55,252 for the three months ended September 30, 2025, compared to $54,916 for the same period in 2024, due to increased music licensing costs.
  • Sales and Marketing: Decreased by $138,688 or 49.1% to $143,762 for the three months ended September 30, 2025, compared to $282,450 for the same period in 2024, primarily due to a decrease in marketing promotion costs.
  • Research and Development: Increased by $84,541 or 36.3% to $317,626 for the three months ended September 30, 2025, from $233,085 for the same period in 2024, primarily due to an increase in consulting fees and lower capitalization of IT staff restructuring.
  • General and Administrative: Decreased by $182,499 or 20.7% to $698,940 for the three months ended September 30, 2025, compared to $881,439 for the same period in 2024, due to a decrease in accounting, legal, and stock option expenses.
  • Restructuring: Incurred $806,432 in restructuring expenses for the three months ended September 30, 2025, related to IT department changes and proposed business combination expenses.
  • Depreciation and Amortization: Decreased by $138,014 or 27.8% to $357,946 for the three months ended September 30, 2025, compared to $495,960 for the same period in 2024, due to decreased capitalized software costs.

Cash Flow

  • Operating Activities: Net cash used in operating activities was -$4,335,812 for the nine months ended September 30, 2025, primarily due to a net loss of -$5,702,369, offset by non-cash charges and changes in working capital.
  • Investing Activities: Net cash used in investing activities was -$534,012 for the nine months ended September 30, 2025, primarily due to capitalization of software development and patent expenses.
  • Financing Activities: Net cash provided by financing activities was $4,890,671 for the nine months ended September 30, 2025, primarily from the issuance of common shares and Series C preferred stock.

Future Outlook and Strategy

  • Core Business Focus: Auddia is transitioning to a B2B subscription model targeting artists and labels for SaaS subscription access to ad-free AM/FM streaming listeners on the faidr app. The company plans to launch the Discovr Radio platform in early 2026, which will integrate with the faidr app to promote songs on radio streams.
  • Non-Core Business: The company is exploring mergers and acquisitions to scale the business, accelerate user adoption, and enter new markets. A proposed business combination with Thramann Holdings, LLC is under evaluation, which would result in Auddia becoming a public holding company.
Source: LB filings The copyright of this article belongs to the original author/organization.
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