TUCSON, Ariz., Dec. 5, 2024 /PRNewswire/ -- AudioEye, Inc. ("AudioEye" or the "Company") (Nasdaq: AEYE), the industry-leading digital accessibility company, today announced the pricing of the previously announced underwritten secondary offering of up to 1,250,000 shares of its common stock to be sold by certain selling stockholders at a price to the public of $24.00 per share, before underwriting discounts and commissions. The offering is expected to close on December 6, 2024, subject to customary closing c ...

TUCSON, Ariz., Dec. 4, 2024 /PRNewswire/ -- AudioEye, Inc. ("AudioEye" or the "Company") (Nasdaq: AEYE), the industry-leading digital accessibility company, today announced the launch of an underwritten secondary offering of shares of its common stock to be sold by certain selling stockholders. The selling stockholders also expect to grant to the underwriters an option, exercisable for 30 days, to purchase additional shares of the Company's common stock from the selling stockholders at the public offering p ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about AudioEye (AEYE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AudioEye currently has an average ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

After reaching an important support level, AudioEye (AEYE) could be a good stock pick from a technical perspective. AEYE surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Like other SMAs, if ...

AudioEye (AEYE) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near ...

AudioEye (AEYE) closed the last trading session at $25.58, gaining 3.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $34.63 indicates a 35.4% upside potential.The average comprises four short-term price targets ranging from a low of $32.50 to a high of $37, with a standard deviation of $1.89. While the lowest estimate indicates an increase of 27.1% from the current price level, ...

Audioeye (AEYE) shares have gained 520.7% year to date, outperforming the Zacks Computer and Technology sector’s appreciation of 30%. It has also outperformed the Zacks Internet Software industry and its peers like Synchronoss Technologies (SNCR) , Fortinet INC. (FTNT) and Aspen Technology (AZPN) .Over the same time frame, shares of SNCR, FTNT and AZPN have gained 87%, 66% and 12.9%, respectively, while the industry has appreciated 29.8%. AEYE shares’ outperformance can be attributed to strong topline growt ...

Financial Data and Key Metrics Changes - The company achieved record revenue of $8.93 million in Q3 2024, up from $8.47 million in Q2 2024, representing a sequential growth of 5.4% and an annualized growth rate of 21% [7] - Adjusted EBITDA margin improved from 17% in Q2 2024 to 23% in Q3 2024, with adjusted EBITDA reaching a record $2 million [8][32] - Annual recurring revenue (ARR) increased to $36.2 million, a $2.9 million sequential increase, driven by growth in both Enterprise and Partner channels [24] Business Line Data and Key Metrics Changes - The Partner and Marketplace channel grew 13% year-over-year and 5% sequentially, contributing 59% of total revenue [25] - The Enterprise channel grew organically by 14% year-over-year and 5% sequentially, accounting for 41% of revenue [26] - The company reduced non-GAAP operating expenses by 10% year-over-year while increasing gross margin to 80% [8][28] Market Data and Key Metrics Changes - Customer count increased to approximately 126,000, an 18% increase from 107,000 customers a year ago [27] - The company is seeing increased inbound demand related to upcoming accessibility mandates in Europe set for June 2025 [48] Company Strategy and Development Direction - The company is focusing on expanding partnerships with Finalsite and CivicPlus to penetrate their customer bases over the next three years, which could significantly increase revenue [10][12] - The acquisition of ADA Site Compliance is expected to enhance the company's offerings and revenue base, with a goal of integrating their customers into AudioEye's platform [13][14] - The launch of the Accessibility Protection Status aims to provide customers with a clearer understanding of their risk profile, enhancing the company's competitive edge [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that regulatory changes will not negatively impact the company's operations, particularly regarding Title II and HHS regulations [37] - The company is optimistic about maintaining and potentially increasing gross margins due to product mix and operational efficiencies [49] - Full-year revenue guidance has been increased to between $35.2 million and $35.3 million, with Q4 revenue expected to be between $9.7 million and $9.8 million [21][22] Other Important Information - The company achieved HIPAA compliance and SOC 2 Type 2 certification, reinforcing its commitment to data protection and security [20] - Free cash flow for Q3 2024 was $1.6 million, with expectations for continued growth in Q4 [34] Q&A Session Summary Question: Clarification on penetration of Finalsite and CivicPlus - Management confirmed that full penetration would mean all customers buying the product, potentially adding tens of millions in revenue [36] Question: Impact of new administration on regulatory environment - Management does not foresee any rollback of current regulations affecting the business [38] Question: Integration of ADA Site Compliance - Management sees significant revenue growth potential from the integration, similar to past acquisitions [42] Question: Scalability of partnerships and implementation challenges - Management believes the business model is highly scalable and does not anticipate issues with implementation [44] Question: Future of gross margin - Management is optimistic about maintaining and potentially expanding gross margins due to efficiencies and product mix [49]

AudioEye (AEYE) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.12, delivering a surprise of 20%.Over the last four quarters, the company has surpas ...