AudioEye Q3 revenue $7.7M (+24% YoY); non-GAAP profit $0.1M; settles AccessiBe litigation

AUDIOEYE INC

2022-Q3 EPS reported -$0.74 revenue$22,175,000

Revenue grew 24% YoY to record $7.7M; ARR reached $29.3M, up 19% YoY.
GAAP net loss improved to $2.3M ($0.20/share) from $4.7M ($0.41/share) a year ago.
Non-GAAP net profit of $0.1M ($0.01/share) vs. loss of $1.9M ($0.17/share) in Q3 2021.
Cash at $7.8M; repurchased ~$756K shares under $3M buyback program; settled legal disputes with AccessiBe.
Q4 2022 revenue guidance: $7.7-$7.9M (+20% YoY at midpoint).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AUDIOEYE INC reported the fiscal quarter ended September 30, 2022 results: revenue $7.7M, net income $2.3M, EPS $(0.20) per share. Guidance initiated.

Period: the fiscal quarter ended September 30, 2022
Revenue: $7.7M
Net income: $2.3M
EPS: $(0.20) per share
Guidance: initiated
Result: reported results

Exact text from the filing

revenue despite economic uncertainty and cost pressures faced by many businesses.” Third Quarter 2022 Financial Results ● Total revenue increased approximately 24% to a record $7.7M from $6.2M in the same prior year period. Both the Partner and Marketplace and the Enterprise channels contributed to revenue growth. ● Annual Recurring Revenue (ARR) as of

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Source: SEC EDGAR

accession 0001104659-22-117122

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