Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

HomeCompaniesSectorsCalendarLast night
Screens
WarningsPrice and conditionThen and nowSize bandsCeased filers
Tools
Time machinePoint in timeData exportsRun logForecast logEDGAR company search
Method
MethodCoverageAbout
Auddia Inc.AUUD · business equipment
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025
Peer failure rate0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandunder $12.5M assetstotal assets $5.2M[1]
Standard universeoutsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, thin data, degenerate inputsnot computable: distress, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Mar 6, 2026217 days before the rescan; every figure keyed to the SEC receipt date
Last close$0.962026-10-08; market equity $5.6M; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$10NovDecJanFebMarAprMayJunJulAugSepOct$0.96
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2021nonen/aQ1

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 6, 2026; the document on sec.gov.

is an AI technology company headquartered in Boulder, CO that is reinventing how consumers engage with audio through the development of its faidr app—an industry-first audio platform, which utilizes proprietary AI technology to personalize and customize both radio and podcast listening experiences—and the Discovr Radio platform, a web-based portal that allows artists and record labels to promote users to listen to AM/FM radio stations without unwanted commercial breaks. The app replaces these ad breaks in real time with songs supplied by Discovr Radio, giving artists exposure on mainstream airwaves.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 662.8%[3-4]
Thin data. 5 of 14 grade factors are computable; minimum is 7
Degenerate inputs. latest revenue or assets are at or below the $100,000 validity floor[1-2]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 10.2
Gross profitabilitynot computable28.5%
one or more required annual facts are missing
Return on invested capitalnot computable10.9%
one or more required annual facts are missing
Accruals ratio(39.2%)[1,5-7](7.4%)10.26212025-12-31
Gross margin stability, five yearsnot computable2.4 pts
five annual gross margins are required; found 0
Solvency, sleeve percentile 62.3
Twelve-month failure probabilitynot computable0.05%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime(63.35)[1,8-13]2.1897.25662025-12-31
Net debt to EBITDAnot computable1.11x
one or more required annual facts are missing
Interest coveragenot computable3.77x
latest aligned inputs end 2020-12-31; latest annual assets end 2025-12-31
Current ratio3.46x[8-9]2.02x27.46662025-12-31
Growth and financing, sleeve percentile 86.4
Revenue growth, three-year compoundnot computable6.4%
current value must be positive and the base must exceed $100,000
Free cash flow growth, three-year compoundnot computable17.2%
current FCF must be positive and base FCF must exceed $100,000
Reinvestment ratenot computable14.3%
NOPAT must exceed $100,000
Asset growth, three years(5.2%)[1,7,14-15]5.0%74.05632025-12-31
Net share issuance, one year662.8%[3-4]0.5%98.84072026-03-04

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 497 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(93.7%)2.2%1hotter than 1 of 100 peers
Distance from 52-week high(94.1%)(30.0%)2closer to its high than 2 of 100 peers
EBIT to enterprise valuenot computable1.5%required accounting or market input is missing
Free cash flow yield(91.6%)2.7%4pricier than 96 of 100 peers
Book value to price1.920.2395pricier than 5 of 100 peers
Sales to price0.000.300pricier than 100 of 100 peers
Composite equity issuance, five years742.8%3.9%99more equity-funded than 99 of 100 peers
Relative strength against the sector, log excess return(3.06)(0.26)1ahead of 1 of 100 peers

Inputs: market equity $5.6M; EBIT -$7.7M; free cash flow -$5.1M; book equity $10.7M; sales $0; cash $9.6M[16].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(145.2%)✗ fail[5,7]
Operating cash flow above zero-$5.6M✗ fail[6]
Return on assets improved52.9 pts✓ pass[5,7,14,17]
Operating cash flow exceeds net income$2.1M✓ pass[5-6]
Long-term leverage felln/a[1,7,14]
Current ratio improved(155.2 pts)✗ fail[8-9,18-19]
No new shares issued662.8%✗ fail[3-4]
Gross margin improvedn/a
Asset turnover improved0.0 pts✗ fail[2,7,14,20]
Cash, filings, liquidity
Cash and equivalents$9.6M[21]
Operating cash flow, four quarters-$7.9M[6,21-25]
Months of runway14.5
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing56
10-Q received Aug 14, 2026
Median daily dollar volume$290,078
63 sessions
Days since newest grade input217

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$5.2M2025-12-312026-03-0610-Kfiling · viewer · series
2revenueus-gaap:Revenues$02025-12-312026-03-0610-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding3,856,3482026-03-042026-03-0610-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding8,594,3082025-03-042025-03-0510-Kfiling · viewer · series
5net incomeus-gaap:NetIncomeLoss-$7.7M2025-12-312026-03-0610-Kfiling · viewer · series
6operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$5.6M2025-12-312026-03-0610-Kfiling · viewer · series
7assetsus-gaap:Assets$5.3M2024-12-312026-03-0610-Kfiling · viewer · series
8current assetsus-gaap:AssetsCurrent$3.3M2025-12-312026-03-0610-Kfiling · viewer · series
9current liabilitiesus-gaap:LiabilitiesCurrent$952,4862025-12-312026-03-0610-Kfiling · viewer · series
10retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$97.3M2025-12-312026-03-0610-Kfiling · viewer · series
11operating incomeus-gaap:OperatingIncomeLoss-$7.7M2025-12-312026-03-0610-Kfiling · viewer · series
12book equityus-gaap:StockholdersEquity$4.2M2025-12-312026-03-0610-Kfiling · viewer · series
13liabilitiesus-gaap:Liabilities$966,9612025-12-312026-03-0610-Kfiling · viewer · series
14assetsus-gaap:Assets$4.4M2023-12-312025-03-0510-Kfiling · viewer · series
15assetsus-gaap:Assets$6.1M2022-12-312024-04-0110-Kfiling · viewer · series
16shares outstandingdei:EntityCommonStockSharesOutstanding5,803,0502026-08-132026-08-1410-Qfiling · viewer · series
17net incomeus-gaap:NetIncomeLoss-$8.7M2024-12-312026-03-0610-Kfiling · viewer · series
18current assetsus-gaap:AssetsCurrent$2.8M2024-12-312026-03-0610-Kfiling · viewer · series
19current liabilitiesus-gaap:LiabilitiesCurrent$550,9202024-12-312026-03-0610-Kfiling · viewer · series
20revenueus-gaap:Revenues$02024-12-312026-03-0610-Kfiling · viewer · series
21cashus-gaap:CashAndCashEquivalentsAtCarryingValue$9.6M2026-06-302026-08-1410-Qfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.8M2026-06-302026-08-1410-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.3M2026-03-312026-05-1510-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$4.3M2025-09-302025-11-0610-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$2.5M2025-06-302026-08-1410-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

Pages
Home · Companies · Sectors · Calendar · Last night
Screens
Warnings · Price and condition · Then and now · Size bands · Ceased filers
Tools
Time machine · Point in time · Data exports · Run log · Forecast log · EDGAR company search
Method
Method · Coverage · About
Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026