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AudioEye, Inc. (Nasdaq: AEYE) is a pioneering technology company dedicated to transforming digital content accessibility for businesses committed to offering equal access to their online platforms. Specializing in rapid compliance with ADA-related digital accessibility requirements, AudioEye provides technology that enhances the usability of digital content for the broadest audience possible. The company combines patented technology, subject matter expertise, and proprietary processes to eliminate barriers to digital accessibility. Trusted by major brands like ADP, Tommy Hilfiger, Samsung, and others, AudioEye ensures businesses can identify and resolve accessibility issues effectively.
Recently, AudioEye has been actively involved in various high-impact projects and initiatives. The company announced record revenue for its recent fiscal quarters, showcasing its financial strength and stability. AudioEye is also recognized for its innovative approaches, such as the introduction of enhanced enterprise-grade capabilities focused on compliance and security, including new developer tools and single sign-on features. Furthermore, AudioEye's support for the Department of Justice's and Department of Health and Human Services' new regulations underscores its commitment to advancing digital inclusivity.
With over 112,000 customers, including Samsung and Calvin Klein, AudioEye's mission is to create a digital future that is inclusive. Holding 22 US patents, the company employs a combination of AI automation and human-assisted technology to ensure businesses of all sizes can achieve full ADA and WCAG compliance. AudioEye's platform offers ongoing training, monitoring, and upkeep to maintain digital accessibility continuously. This ensures that the digital experiences provided are accessible and usable for everyone, including individuals with disabilities.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call scheduled for May 10, 2023, at 4:30 p.m. Eastern Time to discuss its Q1 2023 financial results. The call comes after a press release detailing financial outcomes for the quarter ending March 31, 2023. AudioEye is recognized for its innovative digital accessibility platform that ensures compliance with ADA and WCAG standards. The company aids various high-profile clients, including the FCC, Ferrari, and Samsung, in overcoming digital accessibility barriers. Interested parties can join the call via a U.S. dial-in number (844-826-3033) or an international number (412-317-5185) and access the Q123 Webcast Link for a live stream.
AudioEye successfully defended Babylon Marine in a New York federal court against an ADA website accessibility lawsuit. The complaint claimed multiple accessibility violations, but AudioEye demonstrated there were no barriers, leading to case dismissal without monetary settlement.
In 2022, the number of website accessibility lawsuits rose by 12%, reaching 3,255. This highlights the increasing legal challenges businesses face regarding accessibility compliance. AudioEye emphasizes its unique blend of automation technology and legal expertise, positioning itself as a critical partner for companies aiming to meet accessibility standards effectively.
AudioEye, Inc. (NASDAQ: AEYE) has appointed Dr. Katherine E. Fleming, President and CEO of the J. Paul Getty Trust, as an independent director, effective immediately. Dr. Fleming brings over 16 years of leadership experience from her roles in arts and education, notably at New York University where she enhanced research funding and faculty initiatives. Her appointment is expected to enrich AudioEye's board, aligning with the company's mission to enhance digital accessibility. Dr. Fleming emphasized the importance of digital access for individuals with disabilities, signaling her commitment to AudioEye's goals.
AudioEye (NASDAQ: AEYE) has partnered with Bender Consulting Services to enhance employment opportunities for individuals with disabilities. This initiative will connect Bender's Leadership Academy alumni with roles in AudioEye's digital accessibility operations. In its inaugural year, the AudioEye A11iance program resulted in over 70 assistive technology users testing 900 customer websites, contributing significantly to product development. AudioEye's COO emphasized the need for tailored opportunities to address the high unemployment rate among disabled individuals, aiming to foster professional growth and inclusivity in the workplace.
AudioEye, Inc. (NASDAQ: AEYE) announced its fourth quarter and full-year 2022 financial results, achieving record revenue of $7.74M for Q4, a 19% increase year-over-year. Full-year revenue rose 22% to $29.9M, with gross profit at $22.7M (75.9% of total revenue). Despite a net loss of $10.4M, an improvement from $14.2M in 2021, the company reported non-GAAP profitability of $0.2M in Q4. Operating expenses decreased by 19% to $7.9M, driven by efficiencies in sales and marketing. Annual Recurring Revenue (ARR) grew 13% to $29.2M. AudioEye guides Q1 2023 revenue between $7.7M and $7.9M, indicating 13% year-over-year growth.
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