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AudioEye Inc (AEYE)
NASDAQ:AEYE
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.11Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -35.44%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong revenue growth, improved EBITDA, successful strategic partnerships, and promising guidance for the future. Despite the net loss and increased operating expenses, the highlights significantly outweigh the lowlights.Company Guidance
During the Q3 2024 earnings call, AudioEye provided optimistic guidance, reflecting strong financial performance and strategic advancements. The company achieved the high end of its revenue guidance from July, with a sequential revenue increase from $8.47 million in Q2 to $8.93 million in Q3, marking a 14% year-over-year growth. The adjusted EBITDA margin rose from 17% in Q2 to 23% in Q3, and the adjusted free cash flow reached a record $1.6 million. AudioEye anticipates Q4 2024 revenues between $9.7 million and $9.8 million, projecting a 24% year-over-year growth. The full-year 2024 revenue guidance was updated to $35.2 million to $35.3 million, with an adjusted EBITDA forecast of $6.62 million to $6.72 million and adjusted EPS between $0.54 and $0.55. The company also surpassed the Rule of 40 for the first time and expects to achieve a Rule of 47 at the midpoint for Q4.Record Revenue and Growth
Third quarter revenue grew 14% year-over-year, with sequential revenue growth from $8.47 million in Q2 to $8.93 million in Q3, representing an annualized growth rate of 21%.
Improved EBITDA and Cash Flow
Adjusted EBITDA margin improved from 17% in Q2 to 23% in Q3. Adjusted free cash flow was a record $1.6 million, up from $1 million in Q2 and negative $200,000 in Q3 of last year.
Successful Partnerships and Acquisitions
Expanded partnerships with Finalsite and CivicPlus, targeting full penetration of their customer bases over the next three years. Acquired ADA Site Compliance, which is immediately accretive, generating around $2 million in 2023 with 70% recurring revenue.
Innovations and Certifications
Launched the Accessibility Protection Status and Accessibility Testing Software Kit. Achieved HIPAA compliance and SOC 2 Type II certification, enhancing data protection measures.
Strong Guidance for Q4 2024
Guiding Q4 revenues between $9.7 million and $9.8 million, representing 24% year-over-year growth, and increasing full-year 2024 adjusted EBITDA guidance to between $6.62 million and $6.72 million.
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AEYE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AEYE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $27.03 | $31.74 | +17.43% |
| Jul 25, 2024 | $19.64 | $27.15 | +38.24% |
| Apr 23, 2024 | $13.48 | $14.43 | +7.05% |
| Mar 06, 2024 | $6.93 | $8.13 | +17.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AudioEye Inc (AEYE) report earnings?
AudioEye Inc (AEYE) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is AudioEye Inc (AEYE) earnings time?
AudioEye Inc (AEYE) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEYE EPS forecast?
AEYE EPS forecast for the fiscal quarter 2024 (Q4) is $0.18.
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