Welcome to our dedicated page for Audioeye news (Ticker: AEYE), a resource for investors and traders seeking the latest updates and insights on Audioeye stock.
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, a leader in website accessibility solutions, has priced an underwritten public offering of 411,513 shares of its common stock at $17.75 per share, aiming for gross proceeds of approximately $7.3 million. The offering includes a 30-day option for the underwriter to purchase an additional 61,726 shares. Proceeds will be utilized for working capital and general corporate purposes. This offering is expected to close around August 31, 2020, subject to customary conditions. B. Riley FBR serves as the sole bookrunner for this offering.
AudioEye, Inc. (NASDAQ: AEYE) announced the launch of an underwritten public offering of its common stock on August 26, 2020. The company may grant underwriters a 30-day option to purchase an additional 15% of the shares sold. Proceeds from the offering will be used for working capital and general corporate purposes. A registration statement was filed with the SEC, with the preliminary prospectus supplement detailing the offering available through B. Riley FBR. The company emphasizes that the offering's completion and terms are subject to market conditions.
AudioEye, Inc. (NASDAQ: AEYE) reported impressive financial results for Q2 2020, with total revenue surging by 117% to a record $5.3 million, driven by growth in vertical partner channels and new business. Monthly recurring revenue reached approximately $1.6 million, marking a 105% year-over-year increase. Gross profit also rose over 180% to $3.7 million. However, the operating expenses increased by 36% to $4.5 million. Despite a net loss of $1.4 million, the company maintains a positive outlook, expecting cash flow positivity in 2021, supported by a growing customer base of over 20,000.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call scheduled for August 13, 2020, at 4:30 p.m. ET to discuss its financial results for the second quarter ended June 30, 2020. The financial results will be released prior to this call. Participants can dial in or join the conference via a live webcast available on the company's investor relations page. A replay will also be accessible for 90 days after the call. This event showcases AudioEye's commitment to transparency and investor engagement.