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LOS ANGELES - PodcastOne (NASDAQ:PODC), a $60 million market cap company that has seen an impressive 10.5% return over the past week, announced Monday that cryptocurrency veteran Lou Kerner has joined its newly created Crypto Advisory Board alongside Steve Lehman and Steve McClurg.
Kerner brings significant experience to the role as founder of CryptoMondays, a decentralized community with 100,000 members across more than 50 chapters. His background includes serving as a partner at Blockchain Coinvestors, a crypto-focused fund-of-funds, and as CEO of Blockchain Coinvestors Acquisition Corp. I, a publicly traded SPAC.
"Lou brings an unmatched depth of knowledge and vision in the crypto and Web3 space," said Kit Gray, President and Co-Founder of PodcastOne, in a press release statement.
Kerner’s crypto credentials include being an early Bitcoin thought leader since 2013 and previously working as a Goldman Sachs Equity Analyst covering media and technology companies.
PodcastOne, which trades on the Nasdaq under ticker PODC, operates as a podcast platform providing creators and advertisers with comprehensive solutions in sales, marketing, production, and distribution. The company reports having surpassed 3.9 billion total downloads with a community of 200 top podcasters including Adam Carolla, Kaitlyn Bristowe, and Jordan Harbinger. According to InvestingPro data, the company has demonstrated strong growth with revenue reaching $52.1 million and showing a 20.4% year-over-year increase.
The company has built a distribution network reaching over 1 billion monthly impressions across various channels including YouTube, Spotify, Apple Podcasts, and iHeartRadio.
The appointment comes as PodcastOne appears to be expanding its focus into cryptocurrency and Web3 technologies, though specific initiatives were not detailed in the announcement. InvestingPro analysis reveals the company maintains healthy liquidity with a current ratio of 1.25, though it’s currently working toward profitability. For deeper insights into PodcastOne’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
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