AudioEye Q2 revenue record $7.84M (+4% YoY); net loss improves 24%

AUDIOEYE INC

2023-Q2 EPS reported -$0.34 revenue$15,608,000

Revenue $7.84M, gross margin 77% vs 76%; operating expenses down 3% to $8.1M.
Net loss $2.0M ($0.17 loss/share) vs $2.6M ($0.23) year ago; non-GAAP net loss $0.2M.
ARR $29.7M at June 30, up sequentially; customer count up 37% to ~104,000.
Q3 guidance: revenue $7.8-7.9M, ARR +$1M, ~$100K non-GAAP profit, positive cash flow by Q4.
BOIA integration complete; DOJ proposed rule on website accessibility under ADA.

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 0.95

AUDIOEYE INC reported second quarter ended June 30, 2023 results: revenue $7.84M, net income $2.0M, or $(0.17) per share, EPS $(0.17) per share.

Period: second quarter ended June 30, 2023
Revenue: $7.84M
Net income: $2.0M, or $(0.17) per share
EPS: $(0.17) per share
Result: reported results

Exact text from the filing

and mobile apps. We believe that momentum is building to resolve digital accessibility at scale.” Second Quarter 2023 Financial Results ● Total revenue increased 4% to a record $7.84M from $7.6M in the same prior year period. ● Gross profit increased to $6.05M (77% of total revenue) from $5.7M (76% of total revenue) in the same prior year period. The

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Source: SEC EDGAR

accession 0001104659-23-089793

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