Audioeye Inc Stock Price, News & Analysis

AudioEye, Inc. (NASDAQ: AEYE) has authorized a $3 million stock repurchase program, set to expire on June 30, 2024. The initiative, funded by working capital and cash from operations, reflects the company's confidence in future cash flows. CEO David Moradi stated that the program aims to create significant value for shareholders. The company may conduct repurchases in open market or through private transactions, depending on market conditions.

AudioEye, Inc. (NASDAQ: AEYE) reported strong Q1 2022 results, with revenues hitting a record $6.9M, a 19% increase from Q1 2021. Annual Recurring Revenue (ARR) rose 22% to $28.1M. Gross profit reached $5.2M, representing 75.2% of revenue. Despite a net loss of $3.6M, up from $2.8M YoY, the company expects Q2 revenue between $7.4M and $7.6M, indicating promising growth. Key developments included the acquisition of the Bureau of Internet Accessibility and a rise in customer count to 74,000, reflecting ongoing demand for its accessibility solutions.

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 has requested that journalists and readers ignore the press release titled WP Engine Selects AudioEye as Digital Accessibility Partner, dated 03-Feb-2022. This announcement will be superseded by a revised release expected to be issued later today. It highlights the importance of accurate communications and reflects the company's commitment to transparency.