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, Inc. (NASDAQ: AEYE) announced a strategic partnership with DealerCenter to enhance digital accessibility for auto dealerships. This integration will provide ADA-compliant websites, ensuring all customers can access vehicle information seamlessly. Key benefits include an 'Accessibility Control Center' for monitoring website accessibility, continuous testing for real-time feedback, AI-driven improvements for WCAG compliance, and an accessibility toolkit for enhanced user experience. This collaboration reflects both companies' commitment to promoting equal access to digital content.
AudioEye, Inc. (NASDAQ: AEYE) has appointed Chris Hundley as its new Chief Technology Officer, effective March 22, 2021. With 25 years of experience in software and technology leadership, Hundley aims to drive the company's growth in digital accessibility. Previously, he led a successful startup, Siftrock, which was acquired by Drift. Hundley expressed personal commitment to AudioEye's mission of enhancing digital accessibility, leveraging his experience in the industry. The company continues to support ADA and WCAG compliance through innovative technology and advisory services.
AudioEye, Inc. (NASDAQ: AEYE) reported a record revenue of $20.5M for 2020, marking a 90% year-over-year increase. The fourth quarter revenue reached $5.6M, up 57%, with monthly recurring revenue (MRR) rising to $1.9M. The company improved gross margins to 73% from 66% in the previous year. Despite a net loss of $3.0M for Q4, non-GAAP losses improved to $(0.09) per share. The company anticipates revenue of $30M - $32M in 2021 while continuing to enhance its digital accessibility platform.
AudioEye, a digital accessibility platform, has scheduled a conference call for March 11, 2021, at 4:30 p.m. ET to discuss its fourth quarter and full year financial results for the period ending December 31, 2020. The discussion will include an overview of the company's financial performance, with a press release to precede the call. AudioEye aims to provide comprehensive ADA and WCAG compliance solutions, leveraging patented technology and ongoing advisory services. The call will feature a Q&A segment and will be accessible live and via replay through their investor relations webpage.
TUCSON, Ariz., March 1, 2021 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) announced the appointment of Zach Okun as Chief Product Officer. With 15 years of experience at companies like Facebook and Amazon, Okun will drive product development to support AudioEye's growth in digital accessibility. His leadership is expected to enhance the scalability and integration of AudioEye's offerings, aligned with rising demand for digital accessibility solutions. Okun aims to ensure affordability and ease of access for all businesses while maintaining high-quality product standards.
AudioEye (NASDAQ: AEYE) announced a new technology platform aimed at enhancing digital accessibility compliance for organizations of all sizes. This platform integrates advanced AI with certified experts, promoting a unique hybrid approach. In 2020, AudioEye expanded its customer base by over 25,000 organizations and invested in new leadership from major tech firms to drive growth. The platform features include a customer dashboard, live monitoring, AI-driven auto-remediation, and a usability toolbar, with service plans starting at $490 per year, making accessibility solutions more affordable for businesses.
AudioEye, Inc. (NASDAQ: AEYE) reported a customer update and preliminary revenue outlook for Q4 2020 and FY 2021. The company expects to finish Q4 with around 32,000 customers, projecting revenue between $5.4 million and $5.6 million for Q4, and $20.3 million to $20.5 million for the full year. For 2021, AudioEye anticipates revenue of $30 million to $32 million, driven by new partnerships and customer acquisition strategies. The company emphasized significant growth in customer base, aiming for cash flow positivity in 2021.
AudioEye, Inc. (NASDAQ: AEYE) has announced the appointment of Rob Ulveling as the new Chief Business Officer. With two decades of experience in building strategic partnerships and customer acquisition, Ulveling's role will focus on enhancing AudioEye's partnership strategy to promote digital accessibility. Previously, he led platform integration strategies at Pinterest and Facebook, contributing to significant revenue growth. Interim CEO David Moradi emphasized the importance of Ulveling's expertise in driving the company's growth and accessibility initiatives.
AudioEye, Inc. (NASDAQ: AEYE) reported a 92% increase in total revenue for Q3 2020, reaching over $5.3 million, up from $2.8 million in the same period last year. Monthly recurring revenue (MRR) grew by 67% year-over-year to approximately $1.7 million. Gross profit rose 132% to $3.8 million, representing about 71% of total revenue. Despite a net loss of $1.1 million, improvements in profit margins and customer retention rates at 90% were reported. Cash reserves significantly increased to $10.3 million by quarter-end. The company aims for cash flow positivity in 2021.
AudioEye (NASDAQ: AEYE) has partnered with Neil Patel Digital to integrate its digital accessibility platform with Neil Patel's Ubersuggest SEO tool. This collaboration aims to enhance digital content accessibility for people with disabilities while improving SEO performance. With over 50 million U.S. residents living with disabilities, the partnership seeks to maximize business reach by addressing ADA compliance and accessibility in digital marketing. A webinar titled 'How To Protect & Grow Your Business With Digital Accessibility & SEO' will be hosted on December 10 to discuss this integration further.
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