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) announced its participation in two upcoming investor conferences. The events include The Microcap Rodeo Windy City Roundup 2022 in Chicago, IL on October 12-13, and the LD Micro Main Event XV in Los Angeles, CA on October 25-27. Registration is required for both conferences. AudioEye is recognized for its digital accessibility solutions, ensuring ADA and WCAG compliance for various organizations. For additional details and registration, visit IssuerDirect or Meetmax.
AudioEye, Inc. (NASDAQ: AEYE) will present virtually at the H.C. Wainwright Annual Global Investment Conference from September 12th to 14th, 2022. CEO David Moradi will engage in one-on-one meetings until September 16th. The presentation will be available on-demand for attendees. AudioEye specializes in digital accessibility, offering solutions for ADA and WCAG compliance, and is trusted by major brands like Samsung and Tommy Hilfiger. To register for the conference, visit the event website.
AudioEye, Inc. (NASDAQ: AEYE) reported a record revenue of $7.6M for Q2 2022, marking a 26% increase from the previous year. The company also reported an annual recurring revenue (ARR) rise of 19%, reaching $28.7M. Despite total operating expenses increasing by 10% to $8.3M, the non-GAAP net loss per share improved to ($0.02). Cash reserves dropped to $9.3M, affected by stock repurchases and non-recurring payments. Looking forward, AudioEye expects Q3 revenue between $7.65M and $7.85M, projecting 25% growth year-over-year.
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.
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