AudioEye Reports Record Fourth Quarter and Full Year 2023 Results
TUCSON, Ariz., March 6, 2024 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) ("AudioEye" or the "Company"), the industry-leading enterprise SaaS accessibility company, reported financial results for the fourth quarter and full year ended December 31, 2023.
- TUCSON, Ariz., March 6, 2024 /PRNewswire/ -- AudioEye, Inc. (NASDAQ: AEYE) ("AudioEye" or the "Company"), the industry-leading enterprise SaaS accessibility company, reported financial results for the fourth quarter and full year ended December 31, 2023.
- In the fourth quarter of 2023, we delivered record adjusted EBITDA of $1.3 million, a 17% margin, adjusted earnings per share of $0.11, and an improved GAAP loss per share of $(0.04)," said AudioEye CEO David Moradi.
- Annual Recurring Revenue ("ARR") as of December 31, 2023, increased sequentially to $31.2M from $30.5M as of September 30, 2023.
- In the fourth quarter of 2023, AudioEye and its Board of Directors authorized the repurchase of up to $5M of the Company's outstanding shares of common stock expiring in December 2025.