share_log

10-K: FY2023 Annual Report

SEC ·  Jul 10, 2024 20:36

Summary by Moomoo AI

Collective Audience, Inc. reported annual revenue of $12.1 million for fiscal year 2023, representing a 40% decrease from $20.2 million in 2022. The decline was primarily attributed to the company's focus on completing its business combination with Abri SPAC I and the termination of a major managed services agreement in October 2023. Platform operations expenses decreased 32% to $11.1 million.The company completed several strategic initiatives in 2023, including the merger with Abri SPAC I in November and subsequent Nasdaq listing under "CAUD". Two significant customers accounted for approximately 87% of 2023 revenue. The company raised $600,000 through a private placement in December 2023, issuing shares and warrants to investors.Looking ahead, Collective Audience is pursuing growth through acquisitions, having signed agreements to acquire BeOp, a conversational advertising technology company, and a 51% stake in DSL Digital in early 2024. However, the company faces challenges including Nasdaq listing compliance and substantial doubt about its ability to continue as a going concern due to operating losses and negative cash flows.
Collective Audience, Inc. reported annual revenue of $12.1 million for fiscal year 2023, representing a 40% decrease from $20.2 million in 2022. The decline was primarily attributed to the company's focus on completing its business combination with Abri SPAC I and the termination of a major managed services agreement in October 2023. Platform operations expenses decreased 32% to $11.1 million.The company completed several strategic initiatives in 2023, including the merger with Abri SPAC I in November and subsequent Nasdaq listing under "CAUD". Two significant customers accounted for approximately 87% of 2023 revenue. The company raised $600,000 through a private placement in December 2023, issuing shares and warrants to investors.Looking ahead, Collective Audience is pursuing growth through acquisitions, having signed agreements to acquire BeOp, a conversational advertising technology company, and a 51% stake in DSL Digital in early 2024. However, the company faces challenges including Nasdaq listing compliance and substantial doubt about its ability to continue as a going concern due to operating losses and negative cash flows.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

Doc 2

Doc 3

Doc 4

Doc 5

Doc 6

Doc 7

Doc 8

Doc 9

Doc 10

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
Comment Comment · Views 281

Recommended

Related Stocks Related Stocks
Symbol Mini Chart Price
NVIDIA
NVDA
109.670
Tesla
TSLA
263.550
CoreWeave
CRWV
40.000
Palantir
PLTR
85.850
Alphabet-C
GOOG
156.060
Log In for the Full List
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Discussing
Chinese stock earnings surge: Will profit sustain the rally?
1. Which sectors are likely to be market highlights this season? 2. With the government's emphasis on technological innovation and sustaina Show More
Can strong earnings reports drive Chinese concept stocks to continue rising?
77%
23%
Bullish
Bearish
1532 votes
China's Two Sessions: Key Takeaways on Stock Price Movements Before and After the Meetings
On Tuesday, China's political leadership is convening at the Great Hall of the People in Beijing for the year's most significant event, known as the "Two Sessions." These closed-door meetings are the annual plenary sessions of both the National People's Congress and the Chinese People's Political Consultative Conference, typically held simultaneously in March. The sessions generally last for about ten days....