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 (NASDAQ: AEYE) announced a collaboration with Localogy to provide digital accessibility resources to Localogy members, benefiting over 30 million local businesses. The partnership aims to address website accessibility issues, revealed by an analysis showing that 83% of e-commerce, 78% of healthcare, and 77% of job sites have accessibility barriers. AudioEye's patented technology offers real-time monitoring and automates the fixing of accessibility issues, enhancing user experience across digital platforms.
AudioEye (NASDAQ: AEYE) is set to announce its second quarter financial results on August 9, 2022, followed by a conference call at 4:30 p.m. Eastern Time. The results will be released prior to the call and can be accessed via the company's investor relations website. AudioEye specializes in providing digital accessibility solutions that ensure compliance with ADA and WCAG standards. The company aims to remove barriers to digital access, serving clients like the FCC and Samsung. A replay of the call will be available post-event.
AudioEye (NASDAQ: AEYE) has partnered with Vendasta to integrate its digital accessibility technology into the Vendasta Marketplace, aimed at assisting local businesses in creating accessible online experiences. With over 65,000 partners serving more than six million small- and medium-sized businesses, this partnership will help Vendasta's channel partners provide tools for accessibility compliance, addressing legal requirements and enhancing user experiences for the 15% of the population affected by digital accessibility issues. This collaboration marks a significant step in promoting inclusive online platforms.
AudioEye, Inc. (NASDAQ: AEYE) has partnered with Celerant, a prominent omnichannel retail POS provider, to enhance digital accessibility for retailers. This collaboration allows Celerant's clients to utilize AudioEye's patented technology to address common web accessibility issues, potentially boosting customer acquisition. With over $2.5 billion in annual sales processed, Celerant's robust POS systems will integrate AudioEye's solutions to ensure compliance and provide equal digital access. Both companies' CEOs emphasize the importance of accessibility and growth opportunities offered by this partnership.
AudioEye, Inc. (NASDAQ: AEYE) has authorized a $3 million stock repurchase program, set to expire on June 30, 2024. The initiative, funded by working capital and cash from operations, reflects the company's confidence in future cash flows. CEO David Moradi stated that the program aims to create significant value for shareholders. The company may conduct repurchases in open market or through private transactions, depending on market conditions.
AudioEye, Inc. (NASDAQ: AEYE) reported strong Q1 2022 results, with revenues hitting a record $6.9M, a 19% increase from Q1 2021. Annual Recurring Revenue (ARR) rose 22% to $28.1M. Gross profit reached $5.2M, representing 75.2% of revenue. Despite a net loss of $3.6M, up from $2.8M YoY, the company expects Q2 revenue between $7.4M and $7.6M, indicating promising growth. Key developments included the acquisition of the Bureau of Internet Accessibility and a rise in customer count to 74,000, reflecting ongoing demand for its accessibility solutions.
AudioEye, Inc. (NASDAQ: AEYE) will hold a conference call on May 5, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q1 2022, ending March 31, 2022. A press release with financial results will precede the call. Participants can join via U.S. dial-in number 877-545-0320 or international number 973-528-0002. The call will be available for replay for 90 days via the investor relations section of AudioEye's website.
AudioEye, Inc. (NASDAQ: AEYE) has released a white paper outlining its innovative approach to improving digital accessibility. The paper highlights the slow and uneven progress in making websites accessible to individuals with disabilities amidst rising internet reliance. AudioEye advocates for a hybrid solution combining technology and human expertise to tackle accessibility issues effectively. According to their research, 79% of websites analyzed had severe accessibility problems. The paper emphasizes the growing need for compliance following recent DOJ guidance on the Americans with Disabilities Act.
AudioEye (NASDAQ: AEYE) reported strong financial results for Q4 and full year 2021, achieving record revenues of $6.5M and $24.5M, respectively. Q4 revenue increased by 16% year-over-year, and Monthly Recurring Revenue reached $2.2M. Gross profit margins remained robust at 74%. However, total operating expenses surged 57% to $33.9M, leading to a net loss of $14.2M for the year. In a strategic move, AudioEye acquired the Bureau of Internet Accessibility to enhance its offerings. The company expects Q1 2022 revenue between $6.7M and $6.9M, indicating 17% growth at midpoint.
AudioEye, Inc. (NASDAQ: AEYE) has acquired The Bureau of Internet Accessibility (BoIA), enhancing its digital accessibility platform. This strategic acquisition aims to improve website accessibility compliance for businesses by combining automated testing with expert guidance. BoIA's offerings will strengthen AudioEye's capabilities, enabling scalable and sustainable accessibility solutions across various industries. Both companies aim to eradicate digital barriers and provide inclusive customer experiences. The acquisition is expected to bolster AudioEye's human-led services and custom solutions for ongoing website accessibility improvements.
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