Audioeye Inc Stock Price, News & Analysis

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.

AudioEye, Inc. (NASDAQ: AEYE) has launched AudioEyeQ, a free, on-demand accessibility learning platform. This industry-first initiative offers premium accessibility education courses led by certified experts. The platform's inaugural course, 'Foundations of Accessibility: CPACC Preparation Course,' is designed to help individuals prepare for the IAAP's CPACC exam. AudioEyeQ aims to empower professionals involved in website and mobile app development with essential accessibility knowledge.

The courses cover core accessibility topics, best practices, and resources, addressing key legislation, thoughtful design, and common barriers for people with disabilities. AudioEye plans to release additional courses on accessible design, coding, and testing in Fall 2024. This initiative underscores AudioEye's commitment to creating an inclusive digital world through comprehensive accessibility education.

AudioEye (NASDAQ: AEYE) and Finalsite have expanded their partnership to enhance digital accessibility for K-12 schools. This comes in response to new ADA rules requiring web and mobile app accessibility within two to three years, depending on population size. AudioEye's advanced platform will help Finalsite's extensive client base of 7,000 schools in 115 countries achieve compliance. Over 95% of school websites currently have accessibility errors. The partnership aims to provide a holistic approach to accessibility, ensuring all students have equal access to information and learning opportunities.

AudioEye (Nasdaq: AEYE), a leader in digital accessibility, has announced a conference call to discuss its Q2 2024 financial results. The call will be held on July 25, 2024, at 4:30 p.m. Eastern Time. Management will present the results and host a Q&A session. The call will be webcast live and available for replay on the company's investor relations website. Financial results will be released in a press release before the call. The audio recording will remain accessible for 90 days, and a telephonic replay will be available through August 8, 2024.