AudioEye reports record Q1 revenue $6.9M (+19% YoY); net loss widens to $3.6M

AUDIOEYE INC

2022-Q1 EPS reported -$0.32 revenue$6,906,000

Total revenue record $6.9M, up 19% from $5.8M Q1 2021; ARR increased 22% to $28.1M.
Net loss $(3.6M) or $(0.32) per share vs $(2.8M) loss a year ago; non-GAAP net loss $(1.4M).
Cash $12.0M at March 31, 2022, down from $19.0M at Dec 31, 2021 due to $5M BOIA acquisition payment.
Q2 2022 revenue guidance $7.4-$7.6M, representing ~25% year-over-year growth at midpoint.
Customer count 74,000; CEO David Moradi permanently appointed in January after serving as interim.

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