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.
About AudioEye Inc. (NASDAQ: AEYE)
AudioEye Inc. is a pioneering technology company dedicated to creating a more inclusive digital future by ensuring that web and mobile content is accessible to everyone, including individuals with disabilities. Operating as a leading enterprise SaaS provider, AudioEye combines cutting-edge AI-driven automation with expert human intervention to deliver comprehensive digital accessibility solutions. The company's services empower businesses of all sizes to achieve and maintain compliance with stringent accessibility standards such as the Americans with Disabilities Act (ADA) and the Web Content Accessibility Guidelines (WCAG).
Core Business Model
AudioEye's business model is centered around software-as-a-service (SaaS) subscriptions, offering scalable solutions to address digital accessibility challenges. Its patented technology enables automated detection and remediation of accessibility barriers, while its team of certified experts provides ongoing support, manual audits, and legal protection. This dual approach ensures both immediate compliance and long-term usability for a broad audience.
Innovative Technology and Patents
With over 23 U.S. patents, AudioEye stands out for its proprietary blend of AI automation and human-assisted technology. This combination allows the company to provide real-time monitoring, automated fixes, and expert-driven solutions that address complex accessibility issues. Its platform also includes developer tools, WCAG compliance testing, and 24/7 monitoring, making it a comprehensive solution for organizations aiming to create inclusive digital experiences.
Market Position and Regulatory Alignment
AudioEye operates within the rapidly expanding digital accessibility market, driven by increasing regulatory requirements and societal demand for inclusivity. The company serves over 126,000 customers, including prominent brands like Samsung, Calvin Klein, and Samsonite, as well as government entities and educational institutions. Recent regulatory developments, such as the Department of Justice's Title II ADA rule and the Department of Health and Human Services' Section 504 rule, further underscore the critical importance of AudioEye's services.
Commitment to Trust and Security
Beyond accessibility, AudioEye prioritizes data security and compliance. The company has achieved HIPAA compliance and SOC 2 Type II certification, reinforcing its dedication to safeguarding customer data and meeting the highest standards of confidentiality and security. These certifications are particularly vital for clients in healthcare, government, and other regulated industries.
Competitive Edge
AudioEye differentiates itself through its ability to scale accessibility solutions across diverse industries, its patented technology, and its commitment to legal protection. By integrating feedback from the disability community and certified experts, the company ensures that its solutions are both effective and user-centric. Its strategic acquisitions, such as ADA Site Compliance and the Bureau of Internet Accessibility, have further strengthened its market presence and customer relationships.
Mission and Vision
AudioEye's mission is to eradicate barriers to digital access, fostering inclusivity and usability for all. By leveraging advanced technology and human expertise, the company aims to transform how the world experiences digital content, ensuring that no one is left behind in the digital age.
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.
AudioEye, Inc. (NASDAQ: AEYE) announced its participation in HubSpot's INBOUND 2021 event where it will provide digital accessibility tools and services. Chief Product Officer Zach Okun will present at 3:30 PM EDT and moderate a session with disability rights activist Judith Heumann. Accessibility Evangelist Alisa Smith previously delivered a presentation on designing inclusive digital content, attended by nearly 1,000 participants. AudioEye's Visual Toolkit will be available to enhance accessibility for event attendees. HubSpot emphasizes creating inclusive experiences through this partnership.
AudioEye, Inc. (NASDAQ: AEYE) announced the launch of the AudioEye A11iance, a community initiative aimed at enhancing digital accessibility for people with disabilities. This project involves community members in the development and quality assurance process to ensure products meet their needs. COO Dominic Varacalli emphasized the importance of incorporating user feedback to improve services. The announcement was made during the M-Enabling event, highlighting ongoing discussions about technology's role in accessibility. AudioEye's patented technology addresses accessibility challenges efficiently, supporting compliance with ADA and WCAG standards.
AudioEye, Inc. (NASDAQ: AEYE) recently announced the promotion of key executives to drive future growth. Chris Hundley has been promoted to President, overseeing strategic initiatives, while Dominic Varacalli transitions to COO, focusing on customer service and efficiency. Mase Gray takes on the role of CTO, tasked with shaping product strategy. Interim CEO David Moradi emphasized the firm's recent progress in revenue and technology, attributing success to a strong leadership team. AudioEye aims to enhance web accessibility compliance, unlocking significant market opportunities for businesses.
AudioEye, Inc. (NASDAQ: AEYE) announced the promotion of Chris Hundley to President, Dominic Varacalli to Chief Operating Officer, and Mase Gray to Chief Technology Officer, aimed at enhancing growth and operational efficiency. Interim CEO David Moradi expressed optimism about the leadership changes, highlighting the new team’s experience from top companies like Facebook and Amazon. AudioEye continues to advance its digital accessibility solutions, ensuring compliance with ADA and WCAG standards while addressing the significant market for web accessibility.
AudioEye, Inc. (NASDAQ: AEYE) announced a 14% revenue increase, reaching $6.0M for Q2 2021. Monthly Recurring Revenue (MRR) rose 25% to $2.0M. Gross profit improved to $4.5M (74.9% margin), driven by increased automation. Despite these gains, operating expenses surged 68% to $7.6M, resulting in a net loss of $1.8M. The company anticipates Q3 revenue between $6.1M and $6.3M while focusing on growth through platform investments. As of June 30, 2021, cash reserves stood at $24.8M, up from $9.1M at year-end 2020.
AudioEye, a leader in digital accessibility, announced that Mase Graye has joined its executive leadership team as Chief Architect. With over 15 years in technology, including roles at Facebook and Amazon, Graye will drive AudioEye's product and technical strategies to enhance accessibility for digital content. Interim CEO David Moradi praised Graye's experience in leading engineering teams and launching transformative products. As digital compliance becomes increasingly critical, AudioEye aims to expand its customer base and improve its offerings in accessibility solutions.
AudioEye, Inc. (NASDAQ: AEYE) announced a conference call on August 11, 2021, at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ending June 30, 2021. A press release with the financial details will precede the call. The call will be accessible via a toll-free number and will also be webcast live, with a replay available for 90 days. AudioEye specializes in digital accessibility solutions, ensuring compliance with ADA and WCAG standards through advanced technology and expert services.
AudioEye, Inc. (NASDAQ: AEYE) announces the appointment of Kelly Georgevich as Chief Financial Officer. With extensive experience in SaaS and technology finance, Georgevich previously served as CFO at Sticky.io, where she led significant revenue growth while ensuring profitability. Her leadership skills and financial acumen are expected to enhance AudioEye's financial strategies, aligning with the company's mission to improve digital accessibility. Interim CEO David Moradi emphasized her critical role in driving the company's growth and operational efficiency.
AudioEye, Inc. (NASDAQ: AEYE) reported Q1 2021 financial results, showcasing a 36% revenue increase to $5.8M from $4.3M year-over-year. Gross profit surged to a record $4.4M, achieving a margin of 76.6%. Monthly Recurring Revenue (MRR) also rose 36%, reaching $1.9M. Despite these gains, the net loss increased to $2.8M due to a 57% rise in operating expenses, totaling $7.2M. The company maintains a cash position of $25.8M and reaffirms a revenue guidance of $30M to $32M for the year, with expectations to achieve cash flow positivity by late 2021.
FAQ
What is the current stock price of Audioeye (AEYE)?
What is the market cap of Audioeye (AEYE)?
What does AudioEye Inc. do?
How does AudioEye generate revenue?
What industries does AudioEye serve?
What makes AudioEye unique in the digital accessibility market?
What certifications does AudioEye hold?
How does AudioEye support legal compliance?
Who are some of AudioEye's notable clients?
What recent acquisitions has AudioEye made?
How does AudioEye ensure accessibility for all users?
What is AudioEye's mission?
