AudioEye Reports Record First Quarter 2021 Results
Gross Margins Expand to Over 76% as Customer Count Grows 500% in Past Year
Twenty-First Consecutive Period of Record Revenue
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(NASDAQ: AEYE), an industry-leading software solution provider delivering website accessibility compliance to businesses of all sizes, reported financial results for the first quarter ended March 31, 2021.
AudioEye Interim CEO David Moradi said, We continued to expand our margins to over 76% in the first quarter from 69% in the prior year period, underscoring our ability to create leverage in our operations. We believe existing and expected new partners along with continued momentum through our digital marketplace will enable us to generate revenue for the year of $30M - $32M and to turn cash flow positive.
DealerCenter Selects AudioEye as Digital Accessibility Partner
DealerCenter to integrate AudioEye s innovative AI technology to make the car-buying experience accessible to all.
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TUCSON, Ariz., April 16, 2021 /PRNewswire/
AudioEye, Inc. (NASDAQ: AEYE), the industry-leading digital accessibility platform, and independent dealership management system DealerCenter, today announced their strategic partnership to integrate AudioEye s industry-leading Digital Accessibility Platform with DealCenter s all-in-one Dealer Management System to provide its dealership customers with ADA-compliant websites.
AudioEye empowers DealCenter s auto dealers to ensure that their websites are fully accessible, so that customers of all abilities can enjoy the full digital experience and evaluate all dimensions of each vehicle, inside and out. Dealers can therefore ensure an inclusive car purchasing experience. Benefits include:
AudioEye: Q4 Earnings Snapshot
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TUCSON, Ariz. (AP) AudioEye, Inc. (AEYE) on Thursday reported a loss of $3 million in its fourth quarter.
On a per-share basis, the Tucson, Arizona-based company said it had a loss of 30 cents.
The company posted revenue of $5.6 million in the period.
For the year, the company reported that its loss narrowed to $7.2 million, or 77 cents per share. Revenue was reported as $20.5 million.
AudioEye expects full-year revenue in the range of $30 million to $32 million.
AudioEye shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.25, increasing eightfold in the last 12 months.