PodcastOne director Jonathan Merriman buys $9,400 in stock

Jonathan Merriman, a director at PodcastOne, Inc. (NASDAQ:PODC), a $49 million market cap digital audio company, recently purchased 4,700 shares of the company’s common stock for a total of $9,400. According to InvestingPro analysis, PODC currently trades below its Fair Value, suggesting potential upside opportunity. The shares were acquired at a price of $2.00 each on February 24, 2025, amid the stock’s 41% surge over the past six months despite recent market volatility. Following this transaction, Merriman holds a total of 179,279 shares indirectly through the D. Jonathan and Odile Merriman Family Trust, where he shares voting and dispositive power. InvestingPro subscribers can access 8 additional key insights about PODC’s financial health and growth prospects through the comprehensive Pro Research Report.

In a separate transaction on February 21, 2025, Merriman acquired 16,113 shares of common stock through the conversion of Restricted Stock Units (RSUs) granted as director fees. These RSUs were settled at no cost, bringing his direct ownership to 216,452 shares. The RSUs were initially awarded for service on PodcastOne’s board from September 2023 to September 2024. The company has shown strong revenue growth of 23% over the last twelve months, though it maintains modest gross profit margins.

In other recent news, PodcastOne Inc. reported its third-quarter fiscal 2025 results, revealing a net loss per share of $0.06, which fell short of the anticipated earnings per share of $0.02. However, the company experienced a significant revenue increase, reporting $12.7 million, surpassing the forecast of $10.96 million. Despite the earnings miss, the revenue growth highlights the company’s operational strength. PodcastOne has also set a full-year revenue guidance of at least $51 million, reflecting a 17% increase year-over-year, and anticipates positive adjusted EBITDA for fiscal 2025. The company recently announced a strategic partnership with Amazon (NASDAQ:AMZN)’s ART19, expected to generate a minimum of $15 million in guaranteed revenue over the next three years. This partnership is part of PodcastOne’s strategic initiatives to enhance growth opportunities. Additionally, PodcastOne has launched new products and formed strategic partnerships, including with Amazon’s ART19, to further bolster its market position. The company remains debt-free, with $600,000 in cash and cash equivalents, indicating a stable financial standing.

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