AudioEye reports record Q1 revenue of $7.77M (+13% YoY); net loss narrows to $2.0M

AUDIOEYE INC

2023-Q1 EPS reported -$0.17 revenue$7,772,000

Revenue record $7.77M, up 13% YoY; gross margin improved to 78% from 75%.
Net loss $2.0M ($0.17 loss per share) vs $3.6M ($0.32) in Q1 2022.
Non-GAAP net loss $0.1M ($0.00 per share); ARR $29.6M as of March 31, 2023.
Customer count ~95,000, up from ~74,000 YoY; Q2 revenue guidance $7.8-7.9M.
Launched AI accessibility initiative; appointed Katherine E. Fleming to board.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AUDIOEYE INC reported first quarter ended March 31, 2023 results: revenue $7.77M, net income $2.0M, EPS $(0.17) per share. Guidance initiated.

Period: first quarter ended March 31, 2023
Revenue: $7.77M
Net income: $2.0M
EPS: $(0.17) per share
Guidance: initiated
Result: reported results

Exact text from the filing

expect to have further announcements regarding additional AI capabilities and new products soon.” First Quarter 2023 Financial Results ● Total revenue increased 13% to a record $7.77M from $6.9M in the same prior year period. ● Gross profit increased to a record $6.1M (78% of total revenue) from $5.2M (75% of total revenue) in the same prior year period.

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Source: SEC EDGAR

accession 0001104659-23-058434

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