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) delivers AI-powered digital accessibility solutions that help organizations achieve and maintain ADA/WCAG compliance. This dedicated news hub provides investors and stakeholders with essential updates about the company's technological advancements, regulatory milestones, and market leadership in inclusive design.
Discover timely press releases covering product innovations, financial results, strategic partnerships, and industry recognition. Our curated collection simplifies tracking of AEYE's progress in making digital content accessible through automated remediation tools and expert-led compliance services.
Key updates include earnings announcements, technology patents, client success stories, and compliance certification achievements. Bookmark this page for direct access to verified information about AudioEye's solutions for healthcare, education, e-commerce, and government sectors.
Check back regularly to stay informed about developments in digital accessibility standards and how AEYE continues to address evolving regulatory requirements through its combination of artificial intelligence and human expertise.
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.
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.
