Collective Audience, Inc. (CAUD), a Delaware-based company, reported its financial performance for the quarter ended March 31, 2024. The company experienced a net loss of $1,211,381, with a basic and diluted net loss per share of $0.09. This loss from operations was primarily due to legal costs and SEC filings post-business combination. The company's revenue for the quarter was reported at $0, indicating a focus on completing the Initial Business Combination announced on October 31, 2023. Operating expenses included sales and marketing costs of $50,000 and general and administrative expenses of $783,663. The company also reported a total other income expense of $377,717 for the quarter. Collective Audience, Inc. has undergone significant business development, including the acquisition of DSL Digital, LLC, and BeOp, which are expected to...Show More

Collective Audience, Inc. (CAUD), a Delaware-based company, reported its financial performance for the quarter ended March 31, 2024. The company experienced a net loss of $1,211,381, with a basic and diluted net loss per share of $0.09. This loss from operations was primarily due to legal costs and SEC filings post-business combination. The company's revenue for the quarter was reported at $0, indicating a focus on completing the Initial Business Combination announced on October 31, 2023. Operating expenses included sales and marketing costs of $50,000 and general and administrative expenses of $783,663. The company also reported a total other income expense of $377,717 for the quarter. Collective Audience, Inc. has undergone significant business development, including the acquisition of DSL Digital, LLC, and BeOp, which are expected to enhance its B2B and DTC advertising channels. Looking ahead, the company plans to continue its expansion into B2B advertising and media. However, the company faces uncertainties, including fluctuating advertising revenues and a competitive landscape. Collective Audience, Inc. is actively monitoring these factors to effectively navigate the media environment. The company's future plans include exploring strategic alliances and potential financing options to address liquidity concerns and support operations.