P
PodcastOne, Inc.
PODCCIK 0001940177NasdaqEmerging GrowthServices-Computer Programming, Data Processing, Etc.DelawareFY ends Mar 31
Period
FY 2025
Revenue
—
Net Income
$-6.46M
Total Assets
$21.20M
Equity
$15.14M
Shares Out
27.16M
Op. Cash Flow
$-212.0K
Business
PodcastOne, Inc. is a podcast platform and publisher that produces and distributes on-demand audio and video podcast content across major podcasting platforms and its proprietary site. It offers vodcasts, branded podcasts, merchandise, live events, host-read and dynamic advertising, programmatic monetization, creator support services, and a proprietary CMS and LaunchpadOne self-publishing hosting platform. Its key business areas include an Ad-Supported service, creator/production and marketing services, and LaunchpadOne. PodcastOne distributes content via its website, Apple Podcasts, Spotify, Amazon Music, YouTube, mobile and desktop channels to U.S. and global audiences.
Summary from filing dated 2025-07-02
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Revenue: | 52 | 43 | 35 | |
| Cost of sales | 47 | 37 | 28 | |
| Sales and marketing | 3 | 5 | 5 | |
| Product development | 52,000 | 85,000 | 312,000 | |
| General and administrative | 6 | 5 | 3 | |
| Impairment of intangible and fixed assets | 334,000 | 0 | — | |
| Amortization of intangible assets | 1 | 896,000 | 99,000 | |
| Total operating expenses | 59 | 48 | 36 | |
| Loss from operations | −6 | −5 | −2 | |
| Interest expense, net | 0 | −2 | — | |
| Change in fair value of bifurcated embedded derivatives | 0 | −8 | — | |
| Other income | 0 | 184,000 | 1,000 | |
| Total other income (expense), net | 0 | −10 | −5 | |
| Total loss before income taxes | −6 | −15 | −7 | |
| Provision for income taxes | 24,000 | 55,000 | 0 | |
| Net loss | −6 | −15 | −7 | |
| Net loss per share basic and diluted (in dollars per share) | −0.26 | −0.68 | −0.06 | |
| Weighted average common shares basic and diluted (in shares) | 24 | 22 | 111 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|
| Total cash and cash equivalents | 1 | 1 | 4 | — | |
| Accounts receivable, net | 6 | 6 | 7 | — | |
| Prepaid expense and other current assets | 230,000 | 1 | 1 | — | |
| Total Current Assets | 8 | 9 | 11 | — | |
| Property and equipment, net | 59,000 | 309,000 | 242,000 | — | |
| Goodwill | 12 | 12 | 12 | — | |
| Intangible assets, net | 1 | 3 | 732,000 | — | |
| Related party receivable | 354,000 | 57,000 | 4 | — | |
| Total Assets | 21 | 24 | 28 | — | |
| Total Current Liabilities | 6 | 8 | 21 | — | |
| Other long-term liabilities | 0 | 86,000 | 0 | — | |
| Total Liabilities | 6 | 8 | 21 | — | |
| Commitments and Contingencies | — | — | — | — | |
| Preferred stock, par value $0.00001, 10,000,000 shares authorized, no shares issued or outstanding as of March 31, 2025 and March 31, 2024, respectively | 0 | 0 | 0 | — | |
| Additional paid in capital | 51 | 46 | 20 | — | |
| Accumulated deficit | −36 | −30 | −13 | — | |
| Total stockholders equity | 15 | 16 | 7 | 13 | |
| Total Liabilities and Stockholders Equity | 21 | 24 | 28 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 |
|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 323,000 | |
| Stock-based compensation | 3 | 3 | 1 | |
| Amortization of debt discount | 0 | 2 | 4 | |
| Impairment of fixed assets | 200,000 | 0 | — | |
| Impairment of intangibles | 200,000 | 0 | — | |
| Provision for credit losses | −4,000 | −109,000 | 85,000 | |
| Accounts receivable | −218,000 | 962,000 | 1 | |
| Prepaid expenses and other current assets | 876,000 | −99,000 | −462,000 | |
| Related party receivable/payables | 2 | 2 | −4 | |
| Accounts payable and accrued liabilities | −1 | 182,000 | −94,000 | |
| Other liabilities | −46,000 | 86,000 | 0 | |
| Net cash (used in) provided by operating activities | −212,000 | 2 | −5 | |
| Purchases of property and equipment | −154,000 | −318,000 | −219,000 | |
| Purchase of intangible assets | 0 | −1 | 0 | |
| Net cash used in investing activities | −154,000 | −1 | −219,000 | |
| Payments on bridge loan | 0 | −3 | 0 | |
| Net cash used in financing activities | 0 | −3 | 7 | |
| Net change in cash and cash equivalents | −366,000 | −2 | 2 | |
| Cash paid for income taxes | 0 | 0 | 0 | |
| Cash paid for interest | 0 | 0 | 0 | |
| Common stock issued in exchange for the purchase of intangibles | 0 | 1 | 0 | |
| Purchase of intangibles accrued for at period end | 0 | 1 | — | |
| Common stock issued in connection with repayment of intercompany balance | 3 | 294,000 | — | |
| Common stock dividend | 0 | 2 | 0 | |
| Warrants classified from liabilities to equity | 0 | 9 | — | |
| Derivative exchanged into common stock associated with the bridge loan | 0 | 3 | 0 | |
| Accrued expenses written off associated with intangible asset impairment | 695,000 | 0 | — |
Filings
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