Auddia Inc (NASDAQ:AUUD) Stock Jumps As Quarterly Net Loss Reduced
Auddia Inc (NASDAQ:AUUD) jumped 6% after announcing that its net loss for the quarter ended June 30, 2021, narrowed from $1.3 million a year ago to $753,000. The artificial intelligence podcast platform didn’t report any revenue for the quarter relative to revenue of $45,000 YoY, but it booked a $269,000 paycheck protection program loan forgiveness accounting for the improvement. In addition, the company ended the quarter with cash and equivalents…