secwatch.observer — SEC 8-K summary
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Issuer:     AUDIOEYE INC (AEYE)
CIK:        0001362190
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001104659-24-050581
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AudioEye Q1 revenue $8.1M record, raised FY2024 guidance; net loss narrows to $0.8M
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- Q1 2024 revenue rose 4% YoY to a record $8.1M; ARR reached $32.0M as of March 31, 2024.
- Net loss improved 59% to $0.8M ($0.07 loss per share) from $2.0M ($0.17 loss) a year ago.
- Adjusted EBITDA swung to $0.9M ($0.08 EPS) from negative $0.1M ($0.00 EPS) in Q1 2023.
- Raises full-year 2024 guidance: revenue $34.3-34.7M, adjusted EBITDA $4.5-5.5M, adjusted EPS $0.38-0.46.
- DOJ final rule under ADA Title II expected to drive demand; customer count up 18% to ~112,000.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362190/000110465924050581/0001104659-24-050581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362190/000110465924050581/tm2412126d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-050581

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