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) 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.
AudioEye, Inc. (NASDAQ: AEYE) announced the appointment of Mikel Chertudi as Chief Revenue Officer on March 7, 2023. Chertudi brings over 20 years of experience in SaaS technology, previously working at Adobe and Omniture, where he significantly scaled annual recurring revenue from $40 million to $400 million. His leadership is expected to propel AudioEye's growth and enhance its digital accessibility platform, aiming to ensure ADA and WCAG compliance for businesses. CEO David Moradi emphasized Chertudi's impressive background in building successful sales and marketing teams as vital for the company's ongoing innovation and growth.
AudioEye (NASDAQ: AEYE), a leading digital accessibility platform, announced a conference call on March 9, 2023, at 4:30 p.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The results will be released prior to the call, which will include a Q&A session. Interested parties can access the call via a toll-free number or a webcast link. A replay will be available for 90 days on the investor relations section of the company's website.
AudioEye, Inc. (NASDAQ: AEYE), a leading SaaS accessibility platform, will present at the Sidoti Micro Cap Virtual Conference on January 18-19, 2023. CFO Kelly Georgevich is set to present on January 18 at 1:00 ET. The live presentation can be accessed through a dedicated link. Investors interested in one-on-one meetings are encouraged to contact the Sidoti team via email. AudioEye specializes in digital accessibility and compliance, aiding businesses in navigating ADA and WCAG regulations while providing automated solutions for accessibility issues without altering website architecture.
AudioEye, Inc. (NASDAQ: AEYE) reported a record revenue of $7.7M for Q3 2022, a 24% increase year-over-year. The company's Annual Recurring Revenue (ARR) rose 19% to $29.3M. Operating expenses decreased by 13% to $8.1M, reflecting improved efficiencies. Net loss narrowed to $2.3M, or $(0.20) per share, from $4.7M, or $(0.41) per share, a year earlier, while generating non-GAAP profit of $0.1M. Cash reserves at $7.8M as of September 30, 2022, included expenditures on stock repurchases and litigation. The company anticipates Q4 2022 revenue between $7.7M and $7.9M, indicating 20% growth.
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