AudioEye Reports Record Fourth Quarter and Full Year 2024 Results

Core Insights - AudioEye, Inc. reported a record revenue of $9.7 million for Q4 2024, reflecting a 24$7.9 million in Q4 2023 [7] - The company achieved an adjusted EBITDA margin of 24% in Q4 2024, aligning with the 'Rule of 40' metric [3][7] - For 2025, AudioEye is guiding revenue between $41 million and$42 million, indicating an 18% growth at the midpoint [3][9] Financial Performance - Total revenue for the full year 2024 increased by 12% to a record $35.2 million from$31.3 million in 2023 [7] - Gross profit for 2024 rose to $27.9 million, representing 79$24.3 million or 78% in 2023 [7] - The net loss for 2024 was $4.3 million, or$(0.36) per share, an improvement from a net loss of $5.9 million, or$(0.50) per share, in 2023 [7] Operational Metrics - Annual Recurring Revenue (ARR) as of December 31, 2024, increased to $36.6 million from$36.2 million as of September 30, 2024 [7] - Revenue per employee exceeded $330,000 on an annualized basis in Q4 2024 [3] - Adjusted EBITDA for Q4 2024 was a record$2.3 million, compared to $1.3 million in Q4 2023 [7] Strategic Developments - In March 2025, AudioEye appointed Jim Hawkins to its board of directors, who has a strong track record in driving growth [14] - The company released its 2025 Digital Accessibility Index, analyzing compliance across various industries and identifying an average of 297 accessibility issues per page [8] - AudioEye completed an at-the-market offering in Q4 2024, raising approximately$7 million [14] Future Outlook - For Q1 2025, AudioEye expects revenue between $9.7 million and$9.8 million, with adjusted EBITDA projected between $1.85 million and$1.95 million [9] - The company anticipates adjusted EPS of between $0.14 and$0.16 per share for Q1 2025 and between $0.70 and$0.80 per share for the full year 2025 [9]