Collective Audience, Inc. (CAUD) reported its financial performance for the quarter ended June 30, 2024. The company experienced a decrease in revenue, primarily due to its focus on completing a significant business combination. Operating expenses included an increase in Sales and Marketing expenses, attributed to post-business combination public relations efforts, and a rise in General and Administrative expenses, mainly due to legal costs and SEC filings. The company also reported a net loss of $1,317,214 for the quarter, with a basic and diluted net loss per share of $0.08. The company's cash position stood at $838,225, with a working capital deficit of $2,528,595. Collective Audience, Inc. is actively seeking additional capital to satisfy liquidity needs and continue operations. The company's financial statements have...Show More

Collective Audience, Inc. (CAUD) reported its financial performance for the quarter ended June 30, 2024. The company experienced a decrease in revenue, primarily due to its focus on completing a significant business combination. Operating expenses included an increase in Sales and Marketing expenses, attributed to post-business combination public relations efforts, and a rise in General and Administrative expenses, mainly due to legal costs and SEC filings. The company also reported a net loss of $1,317,214 for the quarter, with a basic and diluted net loss per share of $0.08. The company's cash position stood at $838,225, with a working capital deficit of $2,528,595. Collective Audience, Inc. is actively seeking additional capital to satisfy liquidity needs and continue operations. The company's financial statements have been prepared on a going concern basis, despite the substantial doubt raised by its current financial condition. In terms of business development, Collective Audience, Inc. completed the acquisition of DSL Digital, LLC, and entered into agreements with The Odyssey SAS (dba BeOp) for a potential acquisition and exclusive license to commercialize BeOp software in North America. The company's future plans include exploring strategic alliances and partnerships to address liquidity concerns and enhance its market position.