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Stock impact report

AudioEye buys ADA Site Compliance, raises guidance Sep. 30, 2024 6:46 AM ET By: Manshi Mamtora , CFA [Seeking Alpha]

AudioEye, Inc. (AEYE) 
NASDAQ:AMEX Investor Relations: audioeye.com/tag/investors
Company Research Source: Seeking Alpha
"Our goal is to replicate the success we had integrating our 2022 acquisition of the Bureau of Internet Accessibility, where we materially deepened customer relationships and increased ARR." said David Moradi, CEO of AudioEye. The acquisition of ADA Site Compliance is expected to be accretive in Q4. AudioEye ( AEYE ) increased its guidance to the upper end, for Q3 2024, management expects to generate revenue between $8.9M and $8.95M (vs. consesnsus of $8.90M), adjusted EBITDA between $1.925 million and $1.95 million, and adjusted EPS between $0.15 and $0.16 (consensus of $0.14) AudioEye is increasing its FY 2024 revenue guidance to between $35.15M and $35.25M (vs. $34.67M), adjusted EBITDA between $6.3M and $6.45M, and adjusted EPS between $0.51 and $0.53 (vs. $0.48) AEYE ( AEYE ) stock increased 1.8% on Monday during pre-market hours of trading. More on AudioEye AudioEye Earnings: Can You Hear The Value? I Can't AudioEye, Inc. (AEYE) Q2 2024 Earnings Call Transcr Show less Read more
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