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.
AudioEye Reports Record Fourth Quarter and Full Year 2020 Results
Twentieth Consecutive Period of Record Revenue and MRR
Gross Margins Continue to Expand as Customer Count Grows 370% in Past Year
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TUCSON, Ariz., March 11, 2021 /PRNewswire/
AudioEye, Inc. (NASDAQ: AEYE), an industry-leading software solution provider delivering website accessibility compliance to businesses of all sizes, reported financial results for the fourth quarter and full year ended December 31, 2020.
AudioEye Interim CEO David Moradi said, We increased revenue 90% year over year to a record $20.5M for 2020 and ended the year with record MRR of about $1.9M and approximately 32,000 customers. We also expanded our gross margins to 73% in the fourth quarter from 66% in the prior year, underscoring our ability to create leverage in our operations as more customers come online. We have also bolstered our balance sheet by raising over $14M in cash through our ATM program.
AudioEye Reports Record Fourth Quarter and Full Year 2020 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Zach Okun Joins AudioEye as Chief Product Officer
Zach brings 15 years of Product Management leadership most recently leading product for the Facebook Pixel which generates tens of billions of dollars in revenue annually
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TUCSON, Ariz., March 1, 2021 /PRNewswire/ AudioEye, Inc. (NASDAQ: AEYE), the industry-leading digital accessibility platform, today announced Zach Okun has joined the Company as Chief Product Officer. With 15 years of product management experience, Zach will focus on building AudioEye s product development organization to support the Company s growth and its mission to make digital content accessible to everyone. Zach has been successful driving the growth and scale of some of the most widely used products on the Internet. His experience at both large companies like Facebook and Amazon and several high-growth startups will bring a new level of product development expertise to AudioEye, said David Mor
December 21st 2020 10:32 am
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