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.
Overview of AudioEye Inc
AudioEye Inc (Nasdaq: AEYE) is a technology company that transforms digital accessibility through its innovative combination of artificial intelligence automation and expert remediation services. Focused on resolving ADA and WCAG compliance challenges, AudioEye delivers robust software solutions designed to identify, address, and prevent accessibility issues, ensuring that digital content is user-friendly for people of all abilities.
Core Business and Technology
At its core, AudioEye leverages cutting-edge AI technology backed by certified experts and proprietary processes to provide immediate digital accessibility compliance at scale. The company’s platform automates the detection and remediation of accessibility violations, offering continuous monitoring and legal protection. With patented approaches and flexible service models, AudioEye meets the unique needs of businesses ranging from global enterprises to small organizations by reducing technology barriers and streamlining compliance with ADA-related digital standards.
Market Position and Competitive Landscape
Operating in the expanding digital accessibility market, AudioEye addresses a critical need in today’s digital-first environment. Its solutions not only simplify adherence to rapidly evolving legal requirements but also enhance user experience and foster inclusivity. Competing with other accessibility vendors, AudioEye differentiates itself through its blend of automated tools, human-assisted interventions, verified expertise, and a commitment to ongoing advisory services. This nuanced approach positions the company well within a regulatory and competitive landscape where robustness and reliability are paramount.
Products, Services, and Key Advantages
The comprehensive solution offered by AudioEye includes:
- 24/7 Accessibility Monitoring: Continuous vigilance ensures websites and mobile applications remain compliant.
- Automated Accessibility Fixes: Advanced AI swiftly identifies and rectifies common usability issues in digital content.
- Expert Testing and Developer Tools: Certified experts and diagnostic tools provide detailed testing, maintaining high standards of digital accessibility.
- Legal Defense and Best Practices: The platform supports businesses in navigating complex compliance requirements, reducing the risks of litigation.
AudioEye’s solutions are tailored to support a wide array of industries—ranging from healthcare and education to financial services and e-commerce—each reliant on accessible digital communication for effective engagement with their audiences.
Commitment to Inclusivity and Security
Committed to fostering an inclusive digital future, AudioEye integrates direct feedback from the disability community into its processes. The company’s emphasis on both compliance and security is underscored by its achievement of key certifications, including HIPAA compliance and SOC 2 Type II, which ensure that sensitive information remains protected while accessibility standards are met meticulously.
Industry Expertise and Authoritativeness
AudioEye’s approach is built on deep industry expertise. The company’s continued investment in R&D and strategic acquisitions enhances its ability to provide dynamic, scalable solutions. By addressing digital accessibility challenges through rigorous testing, expert analysis, and continuous system updates, AudioEye supports organizations in meeting regulatory requirements and enhances user satisfaction across digital platforms.
Conclusion
Overall, AudioEye Inc stands as an essential partner for organizations intent on eradicating digital accessibility barriers. By combining patented AI technology with human insight, the company not only simplifies compliance but also enriches the online experience for everyone. Its clear focus on quality, security, and inclusivity makes it a significant entity in the technology and accessibility sectors, demonstrating an enduring commitment to ensuring a more accessible digital future.
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.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call scheduled for November 10, 2022, at 4:30 p.m. Eastern Time to discuss its third quarter financial results ending September 30, 2022. The call will follow a press release detailing the financial outcomes. Investors can access the call via U.S. dial-in at 844-826-3033 or international dial-in 412-317-5185, with a passcode of 10172972. The audio recording will be available for 90 days post-call.
AudioEye, Inc. (NASDAQ: AEYE) and accessiBe have reached a global settlement resolving all ongoing legal disputes. This agreement includes mutual covenants not to sue, allowing both companies to focus on their respective businesses and technologies without further legal interference. Furthermore, a framework for managing potential future disputes has been established. This settlement is expected to provide clarity and operational freedom for both parties and their partners moving forward.
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