AudioEye Reports Record Third Quarter 2024 Results [Yahoo! Finance]
AudioEye, Inc. (AEYE)
NASDAQ:AMEX Investor Relations:
audioeye.com/tag/investors
Company Research
Source: Yahoo! Finance
the "Company"), the industry-leading digital accessibility company, reported financial results for the third quarter ended September 30, 2024 "Sequential revenues grew by an annualized growth rate of 21% while adjusted EBITDA margin improved by 600 basis points sequentially to 23%. In the quarter, we exceeded the 'Rule of 40' on an annualized growth rate for the first time in our history," said AudioEye CEO David Moradi . "We are raising our guidance for revenues, adjusted EBITDA, and adjusted EPS, which implies 'Rule of 47' at the midpoint." Third Quarter 2024 Financial Results Total revenue increased 14% to a record $8.9M from $7.8M in the same prior year period. Gross profit increased to $7.1M (80% of total revenue) from $6.1M (77% of total revenue) in the same prior year period. The increase was due to revenue growth and efficiencies in cost of revenue compared to the same prior year period. Total operating expenses increased 9% to $8.1M from $7.4M in the prior year peri
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AEYE
News
- Is Audioeye (AEYE) Stock Outpacing Its Computer and Technology Peers This Year? [Yahoo! Finance]Yahoo! Finance
- AudioEye, Inc. (NASDAQ: AEYE) had its price target raised by analysts at HC Wainwright from $28.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Earnings Update: Here's Why Analysts Just Lifted Their AudioEye, Inc. (NASDAQ:AEYE) Price Target To US$32.38 [Yahoo! Finance]Yahoo! Finance
- AudioEye, Inc. (NASDAQ: AEYE) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $35.00 price target on the stock, up previously from $25.00.MarketBeat
- AudioEye Inc (AEYE) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
AEYE
Earnings
- 11/7/24 - Miss
AEYE
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 4
- 11/12/24 - Form 144/A
- AEYE's page on the SEC website