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TUCSON, Ariz. - AudioEye, Inc. (NASDAQ:AEYE), a digital accessibility company, reported fourth quarter earnings that beat analyst estimates, while revenue came in slightly below expectations. The company’s stock remained unchanged in after-hours trading.
AudioEye posted adjusted earnings per share of $0.18 for Q4, surpassing the analyst consensus of $0.16. Revenue grew 24% YoY to a record $9.7 million, just shy of the $9.72 million analysts expected.
The company achieved a 24% adjusted EBITDA margin in the fourth quarter, reaching $2.3 million compared to $1.3 million in the same period last year. Annual recurring revenue increased sequentially to $36.6 million as of December 31, 2024.
"I am very pleased with our fourth quarter and 2024 results," said AudioEye CEO David Moradi. "We consistently outperformed our guidance on both revenue and profitability during 2024."
For the first quarter of 2025, AudioEye expects revenue between $9.7 million and $9.8 million, in line with analyst estimates of $9.745 million. The company forecasts adjusted EPS of $0.14-$0.16, above the $0.13 consensus.
Full year 2025 guidance was mixed, with revenue projected at $41-42 million, below the $42.602 million analyst consensus. However, adjusted EPS guidance of $0.70-$0.80 topped expectations of $0.65.
AudioEye’s customer base grew to approximately 127,000 as of December 31, 2024, up 17,000 from the prior year. The company also announced a new $12.5 million share repurchase program through January 2027.
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