Audioeye Inc - AEYE STOCK NEWS

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.

AudioEye (Nasdaq: AEYE) marks the third anniversary of its A11iance Team during National Disability Employment Awareness Month. The team, comprising accessibility experts with disabilities, has conducted over 4,400 expert audits and identified more than 35,000 accessibility issues across 3,400 customer websites that automated tools couldn't detect.

The company also announces the renewal of its partnership with the Bender Leadership Academy through the DigitalAccess@Work program, which introduces students with disabilities to digital accessibility fundamentals. Program participants now receive free access to the AudioEyeQ learning platform and opportunities to join the A11iance Team upon completion.

AudioEye (Nasdaq: AEYE) has scheduled its third quarter 2024 earnings conference call for Thursday, November 7, 2024 at 4:30 p.m. Eastern Time. The digital accessibility company will release its financial results for the quarter ended September 30, 2024, via press release before the call. The conference will include a management presentation followed by a Q&A session. A webcast replay will be available for 90 days through the company's investor relations website, and a telephonic replay will be accessible until November 21, 2024.

AudioEye, Inc. (Nasdaq: AEYE) has acquired ADA Site Compliance, a digital accessibility compliance company. This acquisition is expected to be accretive in Q4 2024. AudioEye's CEO, David Moradi, highlighted the synergy with ADA Site Compliance's client list and team, aiming to replicate the success of their 2022 Bureau of Internet Accessibility acquisition.

Based on strong organic results, AudioEye has increased its guidance for Q3 2024:

• Revenue: $8.9-$8.95 million
• Adjusted EBITDA: $1.925-$1.95 million
• Adjusted EPS: $0.15-$0.16

Full-year 2024 guidance has also been raised:

• Revenue: $35.15-$35.25 million
• Adjusted EBITDA: $6.3-$6.45 million
• Adjusted EPS: $0.51-$0.53

AudioEye expects to achieve the 'Rule of 40' in Q3 2024 and sees potential for additional accretive acquisitions in 2025.

AudioEye, Inc. (Nasdaq: AEYE) has achieved HIPAA compliance and SOC 2 Type II certification, reinforcing its commitment to data protection and security for customers. This achievement is particularly significant for healthcare clients and industries with strict data protection requirements. The company's CEO, David Moradi, emphasized the importance of security in digital accessibility.

The announcement comes in light of recent Department of Health and Human Services regulations requiring healthcare organizations to ensure digital accessibility within the next few years. AudioEye's HIPAA compliance provides an additional layer of trust for healthcare customers. The SOC 2 Type II certification, following a Type I examination earlier this year, confirms that AudioEye's systems are properly designed and safeguarded against threats in cloud operations.

AudioEye and CivicPlus have expanded their partnership to enhance digital accessibility for government websites, addressing new ADA Title II requirements. This collaboration leverages AudioEye's AI-powered platform to provide comprehensive accessibility solutions to CivicPlus's 10,000+ government customers.

The partnership offers 24/7 accessibility monitoring, automated fixes, and expert testing, helping municipalities comply with the Justice Department's new rule within the required 2-3 year timeframe. This integration aims to set a new standard in digital accessibility for government entities, promoting inclusive civic engagement.