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 (Nasdaq: AEYE) has launched new role-based courses on AudioEyeQ, its free accessibility learning platform. The courses target business leaders, designers, developers, and website testers, providing specialized guidance for digital accessibility implementation.
The program includes four distinct courses: Strategic Accessibility Leadership for leaders, covering standards and solutions; Accessible Design Practices for designers; Accessible Coding with HTML, ARIA, JavaScript, and CSS for developers; and Accessibility Testing Basics for web testers.
AudioEyeQ is recognized by the International Association of Accessibility Professionals (IAAP) as an Approved Global Certification Preparation Provider. All courses are available free to the public, demonstrating AudioEye's commitment to making digital accessibility education widely accessible.
AudioEye (AEYE) announced that the Supreme Court of New York has fully dismissed a lawsuit filed by former employee David J. Kovacs against the company, CEO David Moradi, and Board Chairman Carr Bettis. The lawsuit, which alleged stock manipulation and retaliation under New York Labor Law, was dismissed with prejudice, preventing refiling. The plaintiff also voluntarily abandoned defamation and tortious interference claims.
The company had previously filed its own lawsuit against Kovacs in Florida in April 2024 for defamation and other causes. According to AudioEye's complaint, Kovacs was terminated for cause after displaying irrational behavior and making threats to initiate a 'short and distort' scheme against the company's stock. Kovacs' motion to dismiss AudioEye's Florida lawsuit was denied, and the company continues to pursue its claims.
WiSA Technologies has completed its acquisition of Data Vault Holdings' assets on December 31, 2024. The deal includes patent-protected acoustic and data technologies, featuring Web 3.0 Sumerian crypto anchors and the ADIO advertising network. As part of the transaction, WiSA issued 40 million shares of restricted common stock and appointed Nathaniel T. Bradley as CEO, with Brett Moyer transitioning to CFO.
The company plans to rebrand as Datavault Inc. in mid-January 2025 and change its Nasdaq ticker to ADIO. The acquisition consideration includes a $10 million unsecured promissory note due in 3 years and a 3% royalty on future net revenues from Datavault and ADIO product lines. Bradley received 1.2 million restricted stock units as an inducement, with half vesting over 36 months and half tied to achieving $40 million in revenue over any trailing 12-month period.
WiSA Technologies (NASDAQ: WISA) has received 94% stockholder approval to acquire Data Vault Holdings' assets for 40 million shares of common stock plus a $10 million 3-year Note. The transaction, valued between $266M and $501M in a fairness opinion, is expected to close around December 31, 2024.
Following the closure, WiSA will be renamed to Datavault Inc. and transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The company will leverage Datavault's platform for managing and monetizing data in the Web 3.0 environment, offering blockchain data solutions and AI integration.
WiSA Technologies (NASDAQ: WISA) has received overwhelming stockholder approval to acquire Data Vault Holdings' assets, with 94% of stockholders voting in favor. The transaction involves issuing 40 million shares of restricted common stock plus a $10 million 3-year Note. A fairness opinion valued Data Vault's assets between $266M and $501M.
Upon closing, expected around December 31, 2024, WiSA Technologies will be renamed to Datavault Inc. The company will transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The deal includes a 3% royalty on future revenues from Datavault and ADIO product lines.
The Datavault Platform enables data monetization in the Web 3.0 environment, offering solutions for managing name, image, and likeness (NIL) licensing through blockchain technology, while ensuring privacy and credential protection.
AudioEye (NASDAQ: AEYE) has been named a finalist in two prestigious awards: InfoWorld's 2024 Technology of the Year Awards in the Software Development: Tools category and the 2024 Cloud Awards in the Best B2B Customer Strategy category. The recognition highlights AudioEye's Accessibility Testing Software Development Kit (SDK), which enables developers to integrate accessibility testing into their workflows.
The company has recently launched several innovative products, including the Accessibility Protection Status for compliance benchmarking, an enhanced Accessibility Help Desk, and achieved HIPAA and SOC 2 Type II compliance. AudioEye has also introduced a free accessibility education platform offering on-demand courses.
AudioEye (Nasdaq: AEYE) has announced the pricing of a secondary offering of up to 1,250,000 shares of common stock by selling stockholders at $24.00 per share. The offering, expected to close on December 6, 2024, includes a 30-day option for underwriters to purchase an additional 187,500 shares. Needham & Company is acting as Sole Book-Runner, and Roth Capital Partners as Lead Manager.
The company will not receive any proceeds from the offering, as all net proceeds will go to the selling stockholders. The offering is being made through a shelf registration statement on Form S-3 filed with the SEC.
AudioEye (Nasdaq: AEYE), a digital accessibility company, has announced a secondary offering of common stock by certain selling stockholders. The offering includes an option for underwriters to purchase additional shares within 30 days at the public offering price, less underwriting discounts and commissions. Needham & Company will serve as Sole Book-Runner, while Roth Capital Partners will act as Lead Manager.
Notably, AudioEye will not receive any proceeds from this offering, as all net proceeds will go to the selling stockholders. The offering is being conducted through a shelf registration statement on Form S-3 that was declared effective on February 13, 2024.
AudioEye (AEYE) reported record Q3 2024 results with total revenue increasing 14% to $8.9M. Gross profit rose to $7.1M (80% of revenue) from $6.1M in the prior year. Despite a net loss of $1.2M, this marked an 11% improvement from the previous year. Annual Recurring Revenue (ARR) grew to $36.2M, and adjusted EBITDA reached a record $2.0M. The company raised its full-year 2024 guidance, expecting revenue between $35.2M-$35.3M and adjusted EBITDA of $6.62M-$6.72M. Customer count increased 18% to approximately 126,000.
AudioEye (Nasdaq: AEYE) has launched its new Accessibility Protection Status, offering enhanced digital accessibility compliance and transparency. The system moves beyond traditional numerical scoring to provide comprehensive risk assessments and actionable guidance. Integrated into AudioEye's platform dashboard, it offers up to 400% more protection than automation-only competitors and 300% greater protection than traditional accessibility consulting. The new feature provides ongoing dashboard reporting, prioritized recommendations, and detailed legal exposure assessments. The service is immediately available to new customers with a planned rollout to existing clients in the coming months.