AudioEye Inc

NASDAQ:AEYEUnited States

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• -- Earnings Flash (AEYE) AUDIOEYE Reports Q1 EPS $0.08, vs. Street Est of $0.06, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: AEYE
  04:03 PM EDT, 04/23/2024 (MT Newswires) -- ...

• -- Earnings Flash (AEYE) AUDIOEYE Posts Q1 Revenue $8.1M, vs. Street Est of $8.04M, from 1 hour ago by MT Newswires

  1 hour ago by MT Newswires
  Companies Mentioned: AEYE
  04:02 PM EDT, 04/23/2024 (MT Newswires) -- ...

• AudioEye Reports Record First Quarter 2024 Results, from 1 hour ago by PR Newswire

  1 hour ago by PR Newswire
  Companies Mentioned: AEYE

  Thirty-Third Consecutive Period of Record Revenue

  AudioEye, Inc. (Nasdaq: AEYE) ("AudioEye" or the "Company"), the industry-leading digital accessibility company,reported financial results for the first quarter ended March 31, 2024.

• *DJ AudioEye 1Q Loss/Shr 7c >AEYE, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: AEYE

• AudioEye Reports Record First Quarter 2024 Results, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: AEYE
  expenses $ 2,530 $ 2,339 Operating lease liabilities 249 312 Finance lease liabilities 1 7 Deferred revenue 6,254 6,472 Contingent consideration 2,387 2,399 -------- ---------- Total current liabilities 11,421 11,529 Long term liabilities: Term loan, net 6,750 6,727 Operating lease liabilities 368 417 Deferred revenue 2 10 Other 105 105 -------- ---------- Total liabilities 18,646 18,788 Stockholders' equity: Preferred stock, $0.00001 par value, 10,000 shares authorized Common stock, $0.00001 par value, 50,000 shares authorized, 11,662 and 11,711 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1 1 Additional paid-in capital 96,905 96,182 Accumulated deficit (91,991) (89,476) -------- ---------- Total stockholders' equity 4,915 6,707 -------- ---------- Total liabilities and stockholders' equity $ 23,561 $ 25,495 ======== ========== AUDIOEYE, INC. RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES (unaudited) Three months ended March 31, ------------------------ (in thousands, except per share data) 2024 2023 ---------- -------- Adjusted EBITDA Reconciliation Net loss (GAAP) $ (829) $(2,011) Non-cash valuation adjustment to contingent consideration (12) 55 Interest (income) expense, net 198 (43) Stock-based compensation expense 883 1,118 Litigation expense (1) 105 155 Depreciation and amortization 572 526 Loss on disposal or impairment of long-lived assets -- 147 ------ ------- Adjusted EBITDA $ 917 $ (53) ====== ======= Adjusted EBITDA margin (2) 11% (1)% ------ ------- Adjusted Earnings (Loss) per Diluted Share Reconciliation Net loss per common share (GAAP) -- diluted $ (0.07) $ (0.17) Non-cash valuation adjustment to contingent consideration -- -- Interest (income) expense, net 0.02 -- Stock-based compensation expense 0.07 0.10 Litigation expense (1) 0.01 0.01 Depreciation and amortization 0.05 0.05 Loss on disposal or impairment of long-lived assets -- 0.01 ------ ------- Adjusted earnings (loss) per diluted share (3) $ 0.08 $ -- ====== ======= Diluted weighted average shares (GAAP) 11,709 11,637 Includable incremental shares (Non-GAAP) (3) 312 -- ------ ------- Adjusted diluted shares (Non-GAAP) (4) 12,021 11,637 (1) Represents legal expenses related primarily to non-recurring litigation. (2) Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of GAAP revenue. (3) Adjusted earnings per adjusted diluted share for our common stock is computed using the treasury stock method. (4) The number of diluted weighted average shares used for this calculation is the same as the weighted average common shares outstanding share count when the Company reports a GAAP net loss and a negative Adjusted EBITDA.