MeritValue

AUDDIA INC.

AUUDdata completeness 75%7 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

AUDDIA INC. earns about -328% on invested capital, and has bought back 87% of its shares over 5 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$01$02$03$04$04
Net income−$13.5M5−$6.9M6−$8.81M7−$8.72M8−$7.69M8
Operating cash flow−$5.47M9−$4.75M10−$4.5M11−$5.09M12−$5.63M12
Capital expenditure$80,39613$3,80914$2,40915$12,19815—
Free cash flow (derived)−$5.55M9−$4.76M10−$4.51M11−$5.11M12—
Total debt—————
Cash & equivalents$6.35M16$1.66M17$804,55618$2.71M19$3.19M19
Diluted shares10.4M500,095681,229151,1941.4M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$30.83
your share of equity
Profit it earned you last year
−$56
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $30.83 of net worth that earned you −$56 last year.

iii. Is this a good business?
Moat signal · return on invested capital
-328% avg · 5y
FY21 -138%FY22 -249%FY23 —FY24 -347%FY25 -580%

It earned an average -328% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−87% shares · 5y

Share count is down 87% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001683168-23-001703 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001683168-24-002035 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001683168-25-001357 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-001587 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001683168-23-001703 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001683168-24-002035 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001683168-25-001357 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001683168-26-001587 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001683168-23-001703 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001683168-24-002035 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001683168-25-001357 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001683168-26-001587 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001683168-23-001703 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001683168-24-002035 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001683168-25-001357 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2021-12-31 · accession 0001683168-24-002035 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  17. 10-K · period ending 2022-12-31 · accession 0001683168-25-001357 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  18. 10-K · period ending 2023-12-31 · accession 0001683168-25-001357 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2024-12-31 · accession 0001683168-26-001587 (CashAndCashEquivalentsAtCarryingValue)