Auddia | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -1.59, beating the estimate of USD -1.72.

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

Segment Revenue

• Revenue for the three and nine months ended September 30, 2025, was $0, as the company continues to develop and enhance its faidr App and build out its Discovr artist portal to establish new revenue streams.

Operational Metrics

• Net Loss: For the three months ended September 30, 2025, net loss was - $2,381,151, compared to - $1,949,428 for the same period in 2024, representing a 22.1% increase. For the nine months ended September 30, 2025, net loss was - $5,702,369, compared to - $6,460,181 for the same period in 2024, representing an 11.7% decrease.
• Total Operating Expenses: For the three months ended September 30, 2025, total operating expenses were $2,379,958, compared to $1,947,850 for the same period in 2024, representing a 22.2% increase. For the nine months ended September 30, 2025, total operating expenses were $5,698,178, compared to $5,656,860 for the same period in 2024, representing a 0.7% increase.
• Restructuring Costs: Restructuring expenses for the three and nine months ended September 30, 2025, were $806,432, compared to $0 for the same periods in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities for the nine months ended September 30, 2025, was - $4,335,812, compared to - $3,803,324 for the same period in 2024.
• Investing Cash Flow: Net cash used in investing activities for the nine months ended September 30, 2025, was - $534,012, compared to - $799,535 for the same period in 2024.
• Financing Cash Flow: Net cash provided by financing activities for the nine months ended September 30, 2025, was $4,890,671, compared to $7,572,130 for the same period in 2024.

Unique Metrics

• Research and Development Expenses: Increased by 70.3% to $950,744 for the nine months ended September 30, 2025, from $558,180 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is transitioning its business model from direct-to-consumer to business-to-business, targeting artists and labels for SaaS subscription access to ad-free AM/FM streaming listeners on the faidr app.
• Non-Core Business: The company is exploring various merger and acquisition options to scale the business more rapidly, accelerate user adoption and subscriber growth, enter new markets, and open new pathways toward raising capital.
• Priority: The company plans to secure additional funding to complete the development of its full product line and scale products with a demonstrated market fit.