AudioEye, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021
January 14, 2022 at 01:00 pm
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AudioEye, Inc. provided earnings guidance for the fourth quarter of 2021. For the quarter, the company expected revenue to be in the range of $6.4 million to $6.5 million representing an increase of 14-16% year over year. Net loss for the fourth quarter 2021 is expected to be between $5.2 million and $4.9 million.
AudioEye, Inc. is a digital accessibility platform company that delivers Website accessibility compliance at all price points to businesses of all sizes. The Company operates in one segment as a provider of Internet content publication and distribution software and related services and enables the conversion of digital content into accessible formats and allows for real-time distribution to end users on any Internet-connected device. Its solutions are backed by machine-learning/artificial intelligence-driven technology that finds and fixes common accessibility errors. Its technology addresses a range of disabilities, including dyslexia, color blindness, epilepsy, and more. Its offerings include an always-on testing, remediation, and monitoring solution. The Company offers additional solutions, such as periodic auditing, human assisted technological remediations and legal support services. It also offers remediation services and Native Mobile App and Audit reports to help its customers.