AudioEye, Inc. provides digital accessibility software and services for organizations seeking ADA and WCAG-aligned web experiences. The company sells subscription-based SaaS accessibility solutions that combine AI automation, continuous monitoring, automated issue testing and fixes, expert testing, developer tools, and legal protection.
Recurring AudioEye news covers financial results and annual recurring revenue, product updates to its digital accessibility platform, accessibility research, customer-review recognition, industry conference activity, and governance changes. Company updates also describe its Enterprise channel and Partner and Marketplace channel, which serve larger organizations, government agencies, platform partners, resellers, and small and midsize businesses.
AudioEye, Inc. (NASDAQ: AEYE) will hold a conference call on May 5, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q1 2022, ending March 31, 2022. A press release with financial results will precede the call. Participants can join via U.S. dial-in number 877-545-0320 or international number 973-528-0002. The call will be available for replay for 90 days via the investor relations section of AudioEye's website.
AudioEye, Inc. (NASDAQ: AEYE) has released a white paper outlining its innovative approach to improving digital accessibility. The paper highlights the slow and uneven progress in making websites accessible to individuals with disabilities amidst rising internet reliance. AudioEye advocates for a hybrid solution combining technology and human expertise to tackle accessibility issues effectively. According to their research, 79% of websites analyzed had severe accessibility problems. The paper emphasizes the growing need for compliance following recent DOJ guidance on the Americans with Disabilities Act.
AudioEye (NASDAQ: AEYE) reported strong financial results for Q4 and full year 2021, achieving record revenues of $6.5M and $24.5M, respectively. Q4 revenue increased by 16% year-over-year, and Monthly Recurring Revenue reached $2.2M. Gross profit margins remained robust at 74%. However, total operating expenses surged 57% to $33.9M, leading to a net loss of $14.2M for the year. In a strategic move, AudioEye acquired the Bureau of Internet Accessibility to enhance its offerings. The company expects Q1 2022 revenue between $6.7M and $6.9M, indicating 17% growth at midpoint.
AudioEye, Inc. (NASDAQ: AEYE) has acquired The Bureau of Internet Accessibility (BoIA), enhancing its digital accessibility platform. This strategic acquisition aims to improve website accessibility compliance for businesses by combining automated testing with expert guidance. BoIA's offerings will strengthen AudioEye's capabilities, enabling scalable and sustainable accessibility solutions across various industries. Both companies aim to eradicate digital barriers and provide inclusive customer experiences. The acquisition is expected to bolster AudioEye's human-led services and custom solutions for ongoing website accessibility improvements.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call on March 10, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ending December 31, 2021. The results will be published in a press release prior to the call. The call will feature a question and answer session. Interested parties can join via U.S. dial-in or international numbers, and it will also be available through a live and replay webcast on AudioEye's investor relations page. A telephonic replay will be accessible until March 17, 2022.
AudioEye (NASDAQ: AEYE) has partnered with WP Engine to enhance digital accessibility for over 1.5 million WordPress sites. This collaboration aims to provide comprehensive solutions that ensure equal access for users with disabilities. AudioEye’s patented technology will assist WP Engine customers in identifying and resolving web accessibility issues, ensuring compliance with relevant laws. The partnership addresses the growing e-commerce sector’s need for inclusive digital experiences, responding to a market where 54% of assistive technology users feel neglected by e-commerce companies.
AudioEye, Inc. (NASDAQ: AEYE) has acquired Square ADA, enhancing its digital accessibility solutions for Squarespace users. This acquisition includes all properties and active clients of Square ADA, a service dedicated to making websites accessible for people with disabilities. With this move, AudioEye aims to provide more comprehensive support and resources to Square ADA's existing customer base. The partnership is expected to strengthen AudioEye's mission of breaking barriers to digital access by leveraging its technology and expertise in accessibility.
The Board of Directors of AudioEye (NASDAQ: AEYE) has appointed David Moradi as CEO, effective January 13, 2022. Moradi has served as interim CEO for 18 months, leading the company's transition to a scalable platform with high gross margins. His leadership has resulted in a stronger product offering and a dedicated team of over 90 new hires. Executive Chairman Carr Bettis commended Moradi’s commitment and financial investment in the company, reinforcing alignment with shareholders' interests.
AudioEye, Inc. (NASDAQ: AEYE) has provided a preliminary outlook for its fourth quarter of 2021. Monthly recurring revenue (MRR) is anticipated to reach approximately $2.2 million, reflecting a 16% year-over-year growth. The company expects fourth-quarter revenue between $6.4 million and $6.5 million, marking a 14-16% increase from the previous year. However, net loss is projected to be between $4.9 million and $5.2 million, impacted by litigation and stock-based compensation expenses. Customer count surged by 156% year-over-year to roughly 82,000.
AudioEye, Inc. (NASDAQ: AEYE) reported a strong Q3 2021, achieving a revenue increase of 17% to $6.2M and a 24% rise in monthly recurring revenue (MRR) to $2.1M. Gross profit reached $4.6M, representing 74.7% of total revenue. However, operating expenses surged 72% to $9.3M, leading to a net loss of $4.7M or $(0.41) per share. The company had $22.0M in cash at quarter-end and anticipates Q4 revenue between $6.3M and $6.5M, indicating continued growth.