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AudioEye Promotes Executives to Facilitate Further Growth and Scale
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AudioEye Promotes Executives to Facilitate Further Growth and Scale
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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.