AudioEye: Fourth Quarter Financial Results Overview

AudioEye Reports Fourth Quarter Financial Results

AudioEye, Inc., headquartered in Tucson, Arizona, announced on Thursday that it recorded a net loss of $1.1 million for the fourth quarter.

The company’s loss translated to 8 cents per share. After adjusting for one-time expenses and stock-based compensation, adjusted earnings stood at 22 cents per share.

Quarterly revenue reached $10.5 million, aligning with analysts’ expectations.

For the full year, AudioEye reduced its net loss to $3.1 million, or 25 cents per share, while generating $40.3 million in revenue.

Looking ahead, the company projects annual earnings per share between 17 and 18 cents, with anticipated revenue ranging from $10.5 million to $10.6 million.

Since the start of the year, AudioEye’s stock price has declined by 19%. By the close of trading on Thursday, shares were valued at $8.13, marking a 35% decrease over the past year.