AudioEye reports record Q2 revenue $8.5M, raises full-year guidance; adj EBITDA turns positive

AUDIOEYE INC

2024-Q2 EPS reported -$0.13 revenue$16,553,000

Q2 revenue $8.5M (+8% YoY); net loss improved to $0.7M (($0.06)/share) from $2.0M (($0.17)/share).
Adjusted EBITDA $1.5M (17% margin) vs ($0.2M) a year ago; adjusted EPS $0.12.
Raised FY 2024 revenue guidance to $34.5M–$34.8M; adj EBITDA $6.0M–$6.3M; adj EPS $0.48–$0.51.
ARR $33.3M, up $1.3M sequentially; customer count ~121,000 (+16% YoY).
CEO expects to achieve Rule of 40 in Q3; DOJ and HHS rule updates support digital accessibility tailwinds.

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