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Audio Pixels – the market’s laughing stock

Audio Pixels has earned a new reputation as a ‘meme stock’, but investors still hold out hope for the digital sound revolution.

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Audio Pixels is “anything but ordinary”. That’s what the company told investors in a statement to the Australian Securities Exchange as it reported a modest $26 million loss.

The speaker technology play had completed two out of the four phases of its plan and while everything was in place, the demonstration platform was not quite at the stage where the company could unveil this “revolutionary technology” to the public.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/audio-pixels-the-market-s-laughing-stock-20230209-p5cjbi