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) reported Q1 2021 financial results, showcasing a 36% revenue increase to $5.8M from $4.3M year-over-year. Gross profit surged to a record $4.4M, achieving a margin of 76.6%. Monthly Recurring Revenue (MRR) also rose 36%, reaching $1.9M. Despite these gains, the net loss increased to $2.8M due to a 57% rise in operating expenses, totaling $7.2M. The company maintains a cash position of $25.8M and reaffirms a revenue guidance of $30M to $32M for the year, with expectations to achieve cash flow positivity by late 2021.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call scheduled for May 13, 2021, at 4:30 p.m. ET to discuss its financial results for Q1 2021, ending March 31, 2021. The earnings release will precede the call. Participants can join by calling U.S. number 1-855-327-6837 or international 1-631-891-4304. The call will be available for replay for 90 days, and the webcast will be accessible via the investor relations section of AudioEye's website.
AudioEye, Inc. (NASDAQ: AEYE) announced a strategic partnership with DealerCenter to enhance digital accessibility for auto dealerships. This integration will provide ADA-compliant websites, ensuring all customers can access vehicle information seamlessly. Key benefits include an 'Accessibility Control Center' for monitoring website accessibility, continuous testing for real-time feedback, AI-driven improvements for WCAG compliance, and an accessibility toolkit for enhanced user experience. This collaboration reflects both companies' commitment to promoting equal access to digital content.
AudioEye, Inc. (NASDAQ: AEYE) has appointed Chris Hundley as its new Chief Technology Officer, effective March 22, 2021. With 25 years of experience in software and technology leadership, Hundley aims to drive the company's growth in digital accessibility. Previously, he led a successful startup, Siftrock, which was acquired by Drift. Hundley expressed personal commitment to AudioEye's mission of enhancing digital accessibility, leveraging his experience in the industry. The company continues to support ADA and WCAG compliance through innovative technology and advisory services.
AudioEye, Inc. (NASDAQ: AEYE) reported a record revenue of $20.5M for 2020, marking a 90% year-over-year increase. The fourth quarter revenue reached $5.6M, up 57%, with monthly recurring revenue (MRR) rising to $1.9M. The company improved gross margins to 73% from 66% in the previous year. Despite a net loss of $3.0M for Q4, non-GAAP losses improved to $(0.09) per share. The company anticipates revenue of $30M - $32M in 2021 while continuing to enhance its digital accessibility platform.
AudioEye, a digital accessibility platform, has scheduled a conference call for March 11, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full year financial results for the period ending December 31, 2020. The discussion will include an overview of the company's financial performance, with a press release to precede the call. AudioEye aims to provide comprehensive ADA and WCAG compliance solutions, leveraging patented technology and ongoing advisory services. The call will feature a Q&A segment and will be accessible live and via replay through their investor relations webpage.
TUCSON, Ariz., March 1, 2021 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) announced the appointment of Zach Okun as Chief Product Officer. With 15 years of experience at companies like Facebook and Amazon, Okun will drive product development to support AudioEye's growth in digital accessibility. His leadership is expected to enhance the scalability and integration of AudioEye's offerings, aligned with rising demand for digital accessibility solutions. Okun aims to ensure affordability and ease of access for all businesses while maintaining high-quality product standards.
AudioEye (NASDAQ: AEYE) announced a new technology platform aimed at enhancing digital accessibility compliance for organizations of all sizes. This platform integrates advanced AI with certified experts, promoting a unique hybrid approach. In 2020, AudioEye expanded its customer base by over 25,000 organizations and invested in new leadership from major tech firms to drive growth. The platform features include a customer dashboard, live monitoring, AI-driven auto-remediation, and a usability toolbar, with service plans starting at $490 per year, making accessibility solutions more affordable for businesses.
AudioEye, Inc. (NASDAQ: AEYE) reported a customer update and preliminary revenue outlook for Q4 2020 and FY 2021. The company expects to finish Q4 with around 32,000 customers, projecting revenue between $5.4 million and $5.6 million for Q4, and $20.3 million to $20.5 million for the full year. For 2021, AudioEye anticipates revenue of $30 million to $32 million, driven by new partnerships and customer acquisition strategies. The company emphasized significant growth in customer base, aiming for cash flow positivity in 2021.
AudioEye, Inc. (NASDAQ: AEYE) has announced the appointment of Rob Ulveling as the new Chief Business Officer. With two decades of experience in building strategic partnerships and customer acquisition, Ulveling's role will focus on enhancing AudioEye's partnership strategy to promote digital accessibility. Previously, he led platform integration strategies at Pinterest and Facebook, contributing to significant revenue growth. Interim CEO David Moradi emphasized the importance of Ulveling's expertise in driving the company's growth and accessibility initiatives.