AudioEye Reports Record Second Quarter 2025 Results
AudioEye (NASDAQ: AEYE), a digital accessibility company, reported strong Q2 2025 results marking its 38th consecutive quarter of growth. The company achieved record revenue of $9.9M, up 16% year-over-year, with gross profit of $7.6M. Key metrics include ARR of $38.2M and a customer base of approximately 120,000.
For Q3 2025, AudioEye projects revenue between $10.2M-$10.4M and adjusted EBITDA of $2.2M-$2.4M. The company updated its FY2025 guidance to $40.3M-$40.7M in revenue and adjusted EBITDA of $8.9M-$9.1M. Management expressed optimism about growth opportunities, particularly with the newly enacted European Accessibility Act, targeting 30-40% annual EPS growth over the next three years.
AudioEye (NASDAQ: AEYE), azienda specializzata in accessibilità digitale, ha riportato risultati solidi per il secondo trimestre 2025, segnando il suo 38° trimestre consecutivo di crescita. La società ha raggiunto un fatturato record di 9,9 milioni di dollari, in aumento del 16% rispetto all'anno precedente, con un profitto lordo di 7,6 milioni di dollari. Tra i principali indicatori si segnalano un ARR di 38,2 milioni di dollari e una base clienti di circa 120.000.
Per il terzo trimestre 2025, AudioEye prevede un fatturato compreso tra 10,2 e 10,4 milioni di dollari e un EBITDA rettificato tra 2,2 e 2,4 milioni di dollari. La società ha aggiornato le previsioni per l'intero anno 2025, stimando un fatturato tra 40,3 e 40,7 milioni di dollari e un EBITDA rettificato tra 8,9 e 9,1 milioni di dollari. La direzione si è mostrata ottimista sulle opportunità di crescita, in particolare grazie alla nuova European Accessibility Act, puntando a una crescita annua dell'EPS tra il 30 e il 40% nei prossimi tre anni.
AudioEye (NASDAQ: AEYE), una empresa de accesibilidad digital, reportó sólidos resultados en el segundo trimestre de 2025, marcando su 38º trimestre consecutivo de crecimiento. La compañía alcanzó un ingreso récord de 9,9 millones de dólares, un aumento del 16% interanual, con una ganancia bruta de 7,6 millones de dólares. Las métricas clave incluyen un ARR de 38,2 millones de dólares y una base de clientes de aproximadamente 120,000.
Para el tercer trimestre de 2025, AudioEye proyecta ingresos entre 10,2 y 10,4 millones de dólares y un EBITDA ajustado de 2,2 a 2,4 millones de dólares. La compañía actualizó su guía para todo el año 2025, estimando ingresos entre 40,3 y 40,7 millones de dólares y un EBITDA ajustado entre 8,9 y 9,1 millones de dólares. La dirección expresó optimismo sobre las oportunidades de crecimiento, especialmente con la recién promulgada Ley de Accesibilidad Europea, apuntando a un crecimiento anual del BPA del 30-40% durante los próximos tres años.
AudioEye (NASDAQ: AEYE)는 디지털 접근성 기업으로, 2025년 2분기 실적에서 38분기 연속 성장을 기록하며 강력한 성과를 보였습니다. 회사는 전년 대비 16% 증가한 9.9백만 달러의 기록적인 매출과 7.6백만 달러의 총이익을 달성했습니다. 주요 지표로는 연간 반복 매출(ARR) 38.2백만 달러와 약 120,000명의 고객 기반이 포함됩니다.
2025년 3분기 AudioEye는 매출을 10.2백만 달러에서 10.4백만 달러 사이, 조정 EBITDA를 2.2백만 달러에서 2.4백만 달러 사이로 전망하고 있습니다. 회사는 2025 회계연도 가이던스를 매출 40.3백만 달러에서 40.7백만 달러, 조정 EBITDA 8.9백만 달러에서 9.1백만 달러로 상향 조정했습니다. 경영진은 특히 새로 제정된 유럽 접근성 법안과 관련하여 성장 기회에 대해 낙관적인 전망을 내놓으며, 향후 3년간 연평균 주당순이익(EPS) 30~40% 성장을 목표로 하고 있습니다.
AudioEye (NASDAQ : AEYE), une entreprise spécialisée dans l'accessibilité numérique, a annoncé de solides résultats pour le deuxième trimestre 2025, marquant son 38e trimestre consécutif de croissance. La société a réalisé un chiffre d'affaires record de 9,9 millions de dollars, en hausse de 16 % par rapport à l'année précédente, avec un bénéfice brut de 7,6 millions de dollars. Les indicateurs clés incluent un ARR de 38,2 millions de dollars et une base de clients d'environ 120 000.
Pour le troisième trimestre 2025, AudioEye prévoit un chiffre d'affaires compris entre 10,2 et 10,4 millions de dollars et un EBITDA ajusté entre 2,2 et 2,4 millions de dollars. La société a révisé ses prévisions pour l'exercice 2025, estimant un chiffre d'affaires entre 40,3 et 40,7 millions de dollars et un EBITDA ajusté entre 8,9 et 9,1 millions de dollars. La direction s'est montrée optimiste quant aux opportunités de croissance, notamment grâce à la nouvelle loi européenne sur l'accessibilité, visant une croissance annuelle du BPA de 30 à 40 % au cours des trois prochaines années.
AudioEye (NASDAQ: AEYE), ein Unternehmen für digitale Barrierefreiheit, meldete starke Ergebnisse für das zweite Quartal 2025 und verzeichnete damit sein 38. Quartal in Folge mit Wachstum. Das Unternehmen erzielte einen Rekordumsatz von 9,9 Mio. USD, was einem Anstieg von 16 % im Jahresvergleich entspricht, bei einem Bruttogewinn von 7,6 Mio. USD. Wichtige Kennzahlen sind ein ARR von 38,2 Mio. USD und eine Kundenbasis von etwa 120.000.
Für das dritte Quartal 2025 prognostiziert AudioEye einen Umsatz zwischen 10,2 Mio. und 10,4 Mio. USD sowie ein bereinigtes EBITDA von 2,2 Mio. bis 2,4 Mio. USD. Das Unternehmen hat seine Prognose für das Geschäftsjahr 2025 auf einen Umsatz von 40,3 Mio. bis 40,7 Mio. USD und ein bereinigtes EBITDA von 8,9 Mio. bis 9,1 Mio. USD angehoben. Das Management zeigte sich optimistisch hinsichtlich der Wachstumsmöglichkeiten, insbesondere im Zusammenhang mit dem neu verabschiedeten European Accessibility Act, und strebt in den nächsten drei Jahren ein jährliches EPS-Wachstum von 30-40 % an.
- Record revenue of $9.9M, representing 16% YoY growth
- 38th consecutive quarter of revenue growth
- Improved net loss position from -$0.7M to breakeven
- Adjusted EBITDA increased to $1.9M from $1.5M YoY
- European Accessibility Act implementation creating new growth opportunities
- Customer base grew to 120,000, up 1,000 from previous quarter
- Gross margin decreased from 79% to 77% YoY
- Operating expenses increased 2% to $7.4M
- Cash position decreased from $8.3M to $6.9M quarter-over-quarter
- Reduced full-year guidance due to phase-out of certain acquired customers
Insights
AudioEye posted 16% YoY revenue growth with improving profitability and expects 30-40% annual EPS growth for the next three years.
AudioEye delivered record quarterly revenue of
Their gross profit grew to
Importantly, adjusted EBITDA improved to
Looking ahead, AudioEye expects
The newly enacted European Accessibility Act is expected to drive additional demand, as companies seek to comply with these regulations. With approximately 120,000 customers (up 1,000 sequentially) and a highly scalable business model, management has set an ambitious target of
Thirty-Eighth Consecutive Period of Record Revenue
"We achieved our 38th sequential quarter of growth, a remarkable achievement. We expect annualized sequential revenue growth in the high teens in the second half, driven by business momentum in
Second Quarter 2025 Financial Results
- Total revenue increased
16% to a record$9.9M $8.5M - Gross profit increased to
$7.6M 77% of total revenue) from$6.7M 79% of total revenue) in the same prior year period. The increase in gross profit resulted from continued revenue growth. Gross margin decreased primarily due to additional costs incurred for service delivery and higher amortization expense related to capitalized software development costs. - Total operating expenses increased
2% to$7.4M $7.2M $0.8M $0.5M $0.4M $1.4M - Net loss was
$0.0M $(0.00) $0.7M $(0.06) - Adjusted EBITDA in Q2 2025 was
$1.9M $0.15 $1.5M $0.12 - Annual Recurring Revenue ("ARR") as of June 30, 2025 increased sequentially to
$38.2M $37.1M - As of June 30, 2025, the Company had
$6.9M $8.3M
Other Updates
- On June 28, 2025, the European Accessibility Act ("EAA") officially went into effect. The EAA introduces wide-reaching requirements for businesses operating in the EU to ensure digital products and services are accessible to people with disabilities and carries significant penalties for non-compliance. We are beginning to see the development and enforcement plans for specific countries, which are expected to drive demand and compliance.
- As of June 30, 2025, AudioEye had approximately 120,000 customers, up 1,000 sequentially from March 31, 2025, driven by increases in both the Partner and Marketplace and Enterprise channels.
Financial Outlook
AudioEye expects revenue of between
Conference Call Information
AudioEye management will hold a conference call today, August 7, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results, followed by a question-and-answer period.
Date: Thursday, August 7, 2025
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
International number: 862-298-0702
Webcast: Q225 Webcast Link
Please call the conference telephone number 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.
The conference call will also be webcast live and available for replay via the investor relations section of the Company's website. The audio recording will remain available via the investor relations section of the Company's website for 90 days.
A telephonic replay of the conference call will also be available after 7:30 p.m. Eastern Time on the same day through August 21, 2025 via the following numbers:
Toll-free replay number: 877-660-6853
International replay number: 201-612-7415
Replay passcode: 13755076
About AudioEye
AudioEye exists to ensure the digital future we build is accessible. The gold standard for digital accessibility, AudioEye's comprehensive solution combines industry-leading AI automation technology with expert fixes informed by the disability community. This powerful combination delivers industry-leading protection, ensuring businesses of all sizes - including over 120,000 customers such as Samsung, Calvin Klein, and Samsonite - meet and exceed compliance standards. With 24 US patents, AudioEye's solution includes 24/7 accessibility monitoring, automated WCAG issue testing and fixes, expert testing, developer tools, and legal protection, empowering organizations to confidently create accessible digital experiences for all.
Forward-Looking Statements
Any statements in this press release about AudioEye's expectations, beliefs, plans, objectives, goals, prospects, financial condition, assumptions or future events or performance are not historical facts and are "forward-looking statements" as that term is defined under the federal securities laws. Forward-looking statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "should", "confident", "intend", "plan", "will", "expects", "estimates", "projects", "positioned", "strategy", "outlook" and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements contained herein include, but are not limited to, statements regarding future cash flows of the Company, anticipated contributions from new sales channels, expected impact of legislation, long-term growth prospects, opportunities in the digital accessibility industry, and expected revenue, EPS, margins, adjusted EBITDA, adjusted EPS, and ARR. These statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the variability of AudioEye's revenue and financial performance; sales channels and offerings; product development and technological changes; the demand and acceptance of AudioEye's products in the marketplace; the effectiveness of our integration efforts; competition; inherent uncertainties and costs associated with litigation; and general economic conditions. These and other risks are described more fully in AudioEye's filings with the Securities and Exchange Commission. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Forward-looking statements reflect management's view as of the date of this press release, and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to update such forward-looking statements to reflect events or uncertainties after the date hereof. Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
About Key Operating Metrics
We consider annual recurring revenue ("ARR") as a key operating metric and a key indicator of our overall business. We also use ARR as one of the primary methods for planning and forecasting overall expectations and for evaluating, on at least a quarterly and annual basis, actual results against such expectations.
We manage customers through two primary channels, Enterprise and Partner and Marketplace. Enterprise channel consists of our larger customers and organizations, including those with non-platform custom websites, who generally engage directly with AudioEye sales personnel for custom pricing and solutions. This channel also includes federal, state and local government agencies. The Partner and Marketplace channel consists of our CMS partners, platform & agency partners, authorized resellers and our marketplace. This channel serves small and medium sized businesses who are on a partner or reseller's web-hosting platform or who purchase an AudioEye solution from our marketplace.
We define ARR as the sum of (i) for our Enterprise channel, the total of the annualized recurring fee at the date of determination under each active contract, plus (ii) for our Partner and Marketplace channel, the annual or monthly recurring fee for all active customers at the date of determination, in each case, assuming no changes to the subscription, multiplied by 12 if applicable. Recurring fees are defined as revenues expected to be generated from services typically offered as a subscription service or annual service offering such as our automation and platform, periodic auditing, human-assisted technological fixes, legal support and professional service offerings and other services that reoccur on a multi-year contract. This determination includes both annual and monthly contracts for recurring products. Some of our contracts are terminable prior to the expected term, which may impact future ARR. ARR excludes non-recurring fees, which are defined as revenue expected to be generated from services typically not offered as a subscription service or annual service offering such as our PDF remediation services business, one-time mobile application reports, and other miscellaneous services that are offered as non-subscription services or are expected to be one-time in nature.
Use of Non-GAAP Financial Measures
The Company has supplemented the consolidated financial statements presented on a GAAP basis in this press release with the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted earnings per diluted share (Adjusted EPS).
Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted EPS are used to facilitate a comparison of our operating performance on a consistent basis from period to period and provide for a more complete understanding of factors and trends affecting our business than GAAP measures alone. All of the items adjusted in the Adjusted EBITDA and the Adjusted EPS calculations are either recurring non-cash items or items that management does not consider in assessing our ongoing operating performance. In the case of the non-cash items, such as stock-based compensation expense and valuation adjustments to assets and liabilities, management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are expected to be less susceptible to variances in actual performance resulting from expenses that do not relate to our core operations and are more reflective of other factors that affect operating performance. In the case of items that do not relate to our core operations, management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.
Adjusted EBITDA is not a measure of liquidity under GAAP, or otherwise, and is not an alternative to cash flow from continuing operating activities, despite the advantages regarding the use and analysis of this measure as mentioned above. Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted EPS, as disclosed in this press release, have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP; nor are these measures intended to be measures of liquidity or free cash flow.
To properly and prudently evaluate our business, we encourage readers to review the consolidated GAAP financial statements included in this press release and not rely on any single financial measure to evaluate our business. The following tables set forth reconciliations of Adjusted EBITDA to net loss, the most directly comparable GAAP-based measure, as well as Adjusted EPS to net loss per diluted share, the most directly comparable GAAP-based measure. We strongly urge readers to review these reconciliations, along with the financial statements included in this press release. In addition, because the non-GAAP measures are not measures of financial performance under GAAP and are susceptible to varying calculations, these measures, as defined by us, may differ from and may not be comparable to similarly titled measures used by other companies.
Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings per Diluted Share
We define: (i) Adjusted EBITDA as net loss, plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain severance expense, plus certain acquisition expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing; (ii) Adjusted EBITDA margin as Adjusted EBITDA as a percentage of GAAP revenue; and (iii) Adjusted EPS as net loss per diluted common share, plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain severance expense, plus certain acquisition expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing, each on a per share basis. Adjusted EPS includes incremental shares in the share count that are considered anti-dilutive in a GAAP net loss position.
Forward-Looking Non-GAAP Financial Measures
This press release also includes the forward-looking non-GAAP financial measures of adjusted EBITDA and adjusted EPS guidance for the third quarter and full year 2025. We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. We have not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures.
Investor Contact:
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860
AUDIOEYE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) | ||||||||||||
Three months ended June 30, | Six months ended June 30, | |||||||||||
(in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | ||||||||
Revenue | $ | 9,857 | $ | 8,470 | $ | 19,590 | $ | 16,553 | ||||
Cost of revenue | 2,238 | 1,764 | 4,233 | 3,525 | ||||||||
Gross profit | 7,619 | 6,706 | 15,357 | 13,028 | ||||||||
Operating expenses: | ||||||||||||
Selling and marketing | 3,806 | 2,971 | 7,520 | 5,974 | ||||||||
Research and development | 1,200 | 1,221 | 2,353 | 2,543 | ||||||||
General and administrative | 3,731 | 3,011 | 7,492 | 5,651 | ||||||||
Change in fair value of contingent consideration | (1,360) | — | (1,310) | (12) | ||||||||
Total operating expenses | 7,377 | 7,203 | 16,055 | 14,156 | ||||||||
Operating income (loss) | 242 | (497) | (698) | (1,128) | ||||||||
Other expense: | ||||||||||||
Interest expense, net | (244) | (238) | (473) | (436) | ||||||||
Loss on extinguishment of debt | — | — | (300) | — | ||||||||
Total other expense | (244) | (238) | (773) | (436) | ||||||||
Net loss | $ | (2) | $ | (735) | $ | (1,471) | $ | (1,564) | ||||
Net loss per common share-basic and diluted | $ | — | $ | (0.06) | $ | (0.12) | $ | (0.13) | ||||
Weighted average common shares outstanding-basic and diluted | 12,446 | 11,703 | 12,418 | 11,706 | ||||||||
AUDIOEYE, INC. CONSOLIDATED BALANCE SHEETS (unaudited) | ||||||
June 30, | December 31, | |||||
(in thousands, except per share data) | 2025 | 2024 | ||||
ASSETS | ||||||
Current assets: | ||||||
Cash and cash equivalents | $ | 6,869 | $ | 5,651 | ||
Accounts receivable, net | 7,056 | 5,932 | ||||
Prepaid expenses and other current assets | 864 | 537 | ||||
Total current assets | 14,789 | 12,120 | ||||
Property and equipment, net | 177 | 215 | ||||
Right of use assets | 248 | 385 | ||||
Intangible assets, net | 11,929 | 10,276 | ||||
Goodwill | 6,661 | 6,661 | ||||
Other | 96 | 109 | ||||
Total assets | $ | 33,900 | $ | 29,766 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||
Current liabilities: | ||||||
Accounts payable and accrued expenses | $ | 4,767 | $ | 3,870 | ||
Operating lease liabilities | 208 | 199 | ||||
Deferred revenue | 8,222 | 7,502 | ||||
Contingent consideration | 40 | — | ||||
Term loan, current | 168 | — | ||||
Total current liabilities | 13,405 | 11,571 | ||||
Long term liabilities: | ||||||
Term loan, net | 12,765 | 6,820 | ||||
Operating lease liabilities | 111 | 218 | ||||
Deferred revenue | 7 | 16 | ||||
Contingent consideration, long term | 225 | 1,350 | ||||
Other | 38 | 355 | ||||
Total liabilities | 26,551 | 20,330 | ||||
Stockholders' equity: | ||||||
Preferred stock, | ||||||
Common stock, | 1 | 1 | ||||
Additional paid-in capital | 106,330 | 105,181 | ||||
Accumulated deficit | (98,982) | (95,746) | ||||
Total stockholders' equity | 7,349 | 9,436 | ||||
Total liabilities and stockholders' equity | $ | 33,900 | $ | 29,766 | ||
AUDIOEYE, INC. RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) | |||||||||||||
Three months ended June 30, | Six months ended June 30, | ||||||||||||
(in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | |||||||||
Adjusted EBITDA Reconciliation | |||||||||||||
Net loss (GAAP) | $ | (2) | $ | (735) | $ | (1,471) | $ | (1,564) | |||||
Change in fair value of contingent consideration | (1,360) | — | (1,310) | (12) | |||||||||
Interest expense, net | 244 | 238 | 473 | 436 | |||||||||
Stock-based compensation expense | 1,505 | 975 | 2,412 | 1,858 | |||||||||
Acquisition expense (1) | 33 | — | 33 | — | |||||||||
Litigation expense (2) | 607 | 394 | 1,329 | 499 | |||||||||
Severance expense (3) | — | — | 304 | — | |||||||||
Lost deposit on alternative financing | — | — | 50 | — | |||||||||
Depreciation and amortization | 888 | 596 | 1,663 | 1,168 | |||||||||
Loss on disposal or impairment of long-lived assets | 16 | 4 | 56 | 4 | |||||||||
Loss on extinguishment of debt | — | — | 300 | — | |||||||||
Adjusted EBITDA | $ | 1,931 | $ | 1,472 | $ | 3,839 | $ | 2,389 | |||||
Adjusted EBITDA margin (4) | 20 | % | 17 | % | 20 | % | 14 | % | |||||
Adjusted Earnings per Diluted Share Reconciliation | |||||||||||||
Net loss per common share (GAAP) — diluted | $ | — | $ | (0.06) | $ | (0.12) | $ | (0.13) | |||||
Change in fair value of contingent consideration | (0.11) | — | (0.10) | — | |||||||||
Interest expense, net | 0.02 | 0.02 | 0.04 | 0.04 | |||||||||
Stock-based compensation expense | 0.12 | 0.08 | 0.19 | 0.15 | |||||||||
Acquisition expense (1) | — | — | — | — | |||||||||
Litigation expense (2) | 0.05 | 0.03 | 0.11 | 0.04 | |||||||||
Severance expense (3) | — | — | 0.02 | — | |||||||||
Lost deposit on alternative financing | — | — | — | — | |||||||||
Depreciation and amortization | 0.07 | 0.05 | 0.13 | 0.10 | |||||||||
Loss on disposal or impairment of long-lived assets | — | — | — | — | |||||||||
Loss on extinguishment of debt | — | — | 0.02 | — | |||||||||
Adjusted earnings per diluted share (5) | $ | 0.15 | $ | 0.12 | $ | 0.30 | $ | 0.20 | |||||
Diluted weighted average shares (GAAP) | 12,446 | 11,703 | 12,418 | 11,706 | |||||||||
Includable incremental shares (Non-GAAP) (5) | 214 | 568 | 202 | 472 | |||||||||
Adjusted diluted shares (Non-GAAP) | 12,660 | 12,271 | 12,620 | 12,178 | |||||||||
(1) | Represents professional fees incurred in connection with the acquisition of ADA Site Compliance. |
(2) | Represents legal expenses related primarily to non-recurring litigation. |
(3) | Represents severance expense for employee from previously acquired ADA Site Compliance. |
(4) | Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of GAAP revenue. |
(5) | Adjusted earnings per adjusted diluted share for our common stock is computed using the treasury stock method. |
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SOURCE AudioEye, Inc.
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