Auddia Q1 FY26 net loss widens 30.2% to $2.28 million; revenue flat at no revenue

• Auddia posted a net loss of $2.28 million for Q1 2026, widening 30.2% from a year earlier, with no revenue reported.
• Operating loss widened 30.7% to $2.29 million as total operating expenses climbed 30.7% to $2.29 million.
• Sales and marketing expense rose 91.3% to $450,446, while restructuring costs were $472,689 due to audit and legal expenses tied to the reverse merger.
• Cash and cash equivalents were $1,413,387 at March 31, 2026; about $12.9 million of additional financing secured in 2026 through May 12, 2026 is expected to fund current operating plans into Q1 2027.
• Business updates included an MVP release of Discovr Radio platform on Jan. 20, 2026, while a definitive merger agreement with Thramann Holdings signed Feb. 17, 2026 targets a Q2 2026 close and would rename company McCarthy Finney under ticker MCFN.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Auddia Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-004032), on May 15, 2026, and is solely responsible for the information contained therein.