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 (Nasdaq: AEYE) delivers AI-powered digital accessibility solutions that help organizations achieve and maintain ADA/WCAG compliance. This dedicated news hub provides investors and stakeholders with essential updates about the company's technological advancements, regulatory milestones, and market leadership in inclusive design.
Discover timely press releases covering product innovations, financial results, strategic partnerships, and industry recognition. Our curated collection simplifies tracking of AEYE's progress in making digital content accessible through automated remediation tools and expert-led compliance services.
Key updates include earnings announcements, technology patents, client success stories, and compliance certification achievements. Bookmark this page for direct access to verified information about AudioEye's solutions for healthcare, education, e-commerce, and government sectors.
Check back regularly to stay informed about developments in digital accessibility standards and how AEYE continues to address evolving regulatory requirements through its combination of artificial intelligence and human expertise.
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.
WiSA Technologies (NASDAQ: WISA) has executed a $210 million definitive agreement to purchase assets from Data Vault Holdings Inc. The deal includes High-Performance Computing (HPC) software and Acoustic Technologies IP, creating a licensing and technology company with an extensive patent portfolio. The purchase consists of 40 million shares of common stock at $5 per share plus a $10 million 3-year Note.
The resulting company will offer two solutions: Data Sciences, licensing HPC software applications and Web 3.0 data management, and Acoustic Sciences, licensing spatial and multichannel HD sound transmission. The transaction is expected to close by December 31, 2024, subject to stockholder approval.
AudioEye, Inc. (Nasdaq: AEYE) has launched its Accessibility Testing Software Development Kit (SDK), a self-service tool designed to help developers address website accessibility issues early in the development process. The SDK employs the same automated test logic used by AudioEye's experts during site audits and monitoring. It aims to catch and resolve accessibility problems before they reach production, ensuring consistency in issue detection.
The SDK integrates into developers' workflows and CI/CD processes, automatically scanning for issues with each deployment. This proactive approach allows organizations to publish web content that is accessible to people with disabilities, streamlining the development process and saving valuable time. The tool is part of AudioEye's three-pronged approach to digital accessibility, which includes automation, human-assisted technology, and developer tools.
AudioEye reported record Q2 2024 results with total revenue increasing 8% to $8.5M. Gross profit rose to $6.7M (79% of revenue) while operating expenses decreased 11% to $7.2M. Net loss improved 63% to $0.7M. Adjusted EBITDA was $1.5M compared to -$0.2M in Q2 2023. Annual Recurring Revenue (ARR) grew to $33.3M.
The company highlighted new accessibility regulations from the DOJ and HHS, an expanded partnership with Finalsite, and the launch of AudioEyeQ learning platform. Customer count increased 16% to 121,000. AudioEye raised its full-year 2024 guidance, projecting revenue between $34.5M-$34.8M and adjusted EBITDA of $6.0M-$6.3M.
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