Auddia Inc. warns of substantial doubt regarding its ability to continue as a going concern due to recurring operating losses.
SEC EDGAR, 2026-11-13: 10-Q — "substantial doubt"
Auddia Inc. warns of substantial doubt regarding its ability to continue as a going concern due to recurring operating losses.
Company: AUDDIA INC. (AUUD) Filed: 2026-11-13, 10-Q (Item 1) Phrase: "substantial doubt" — "As a result of the Company’s recurring losses from operations, and the need for additional financing to fund its operating and capital requirements, there is uncertainty regarding the Company’s ability to maintain liquidity sufficient to operate its business effectively, which raises substantial doubt as to the Company’s ability to continue as a going concern." What the filing says: Auddia Inc. reported cash and cash equivalents of $6,024,316 as of September 30, 2026, which management estimates will only be sufficient to fund its current operating plans into the second quarter of 2027. The company has incurred recurring operating losses since inception, including a net loss of $7,370,076 for the nine months ended September 30, 2026, and has an accumulated deficit of $104,683,742. It requires additional funding to complete the development of its full product line and scale its faidr and podcasting apps. Two ways it goes: A. The company secures additional financing to fund operations and product development beyond the second quarter of 2027. B. The company fails to raise capital on acceptable terms and is forced to delay, reduce, or eliminate its technology development and commercialization efforts. Next date: Second quarter of 2027, when existing cash is projected to run out. Watch: The announcement of new capital raises, debt financing, or strategic transactions to extend the cash runway. Tags: going concern