AudioEye, Inc. - AEYE STOCK NEWS

AudioEye (NASDAQ: AEYE) has partnered with WP Engine to enhance digital accessibility for over 1.5 million WordPress sites. This collaboration aims to provide comprehensive solutions that ensure equal access for users with disabilities. AudioEye’s patented technology will assist WP Engine customers in identifying and resolving web accessibility issues, ensuring compliance with relevant laws. The partnership addresses the growing e-commerce sector’s need for inclusive digital experiences, responding to a market where 54% of assistive technology users feel neglected by e-commerce companies.

AudioEye has requested that journalists and readers ignore the press release titled WP Engine Selects AudioEye as Digital Accessibility Partner, dated 03-Feb-2022. This announcement will be superseded by a revised release expected to be issued later today. It highlights the importance of accurate communications and reflects the company's commitment to transparency.

AudioEye, Inc. (NASDAQ: AEYE) has partnered with WP Engine to enhance digital accessibility for over 1.5 million WordPress sites. This collaboration aims to provide accessible user experiences and ensure compliance with accessibility laws. AudioEye's technology will identify and resolve common web accessibility issues, while offering ongoing support from certified experts. The partnership is expected to empower WP Engine users to reach a broader audience, ultimately enhancing their business growth in the evolving e-commerce landscape.

AudioEye, Inc. (NASDAQ: AEYE) has acquired Square ADA, enhancing its digital accessibility solutions for Squarespace users. This acquisition includes all properties and active clients of Square ADA, a service dedicated to making websites accessible for people with disabilities. With this move, AudioEye aims to provide more comprehensive support and resources to Square ADA's existing customer base. The partnership is expected to strengthen AudioEye's mission of breaking barriers to digital access by leveraging its technology and expertise in accessibility.

The Board of Directors of AudioEye (NASDAQ: AEYE) has appointed David Moradi as CEO, effective January 13, 2022. Moradi has served as interim CEO for 18 months, leading the company's transition to a scalable platform with high gross margins. His leadership has resulted in a stronger product offering and a dedicated team of over 90 new hires. Executive Chairman Carr Bettis commended Moradi’s commitment and financial investment in the company, reinforcing alignment with shareholders' interests.

AudioEye, Inc. (NASDAQ: AEYE) has provided a preliminary outlook for its fourth quarter of 2021. Monthly recurring revenue (MRR) is anticipated to reach approximately $2.2 million, reflecting a 16% year-over-year growth. The company expects fourth-quarter revenue between $6.4 million and $6.5 million, marking a 14-16% increase from the previous year. However, net loss is projected to be between $4.9 million and $5.2 million, impacted by litigation and stock-based compensation expenses. Customer count surged by 156% year-over-year to roughly 82,000.

AudioEye, Inc. (NASDAQ: AEYE) reported a strong Q3 2021, achieving a revenue increase of 17% to $6.2M and a 24% rise in monthly recurring revenue (MRR) to $2.1M. Gross profit reached $4.6M, representing 74.7% of total revenue. However, operating expenses surged 72% to $9.3M, leading to a net loss of $4.7M or $(0.41) per share. The company had $22.0M in cash at quarter-end and anticipates Q4 revenue between $6.3M and $6.5M, indicating continued growth.

AudioEye, Inc. (NASDAQ: AEYE) has launched a new feature called Issue Reporting, aimed at enhancing web accessibility for companies. This tool enables users to detect, track, and monitor accessibility problems on their websites through a centralized dashboard. It categorizes issues by type and severity, and provides real-time updates, aiding compliance with WCAG guidelines. Available at no extra charge with paid subscriptions, this feature boosts accessibility efforts while being cost-effective. The launch is backed by positive feedback from partners like CivicPlus, emphasizing its practical utility.

AudioEye, Inc. (NASDAQ: AEYE) will host a conference call on November 11, 2021, at 4:30 p.m. Eastern time to discuss its third-quarter financial results for the period ending September 30, 2021. A press release with the results will precede the call. Interested parties can dial in using the U.S. number 1-877-407-9208 or the international number 1-201-493-6784. The call will also be broadcast live and available for replay on the company’s investor relations webpage, with a telephonic replay option available until November 18, 2021.