Audioeye, Inc. (AEYE) Tops Q2 EPS by 1c

Audioeye, Inc. (NASDAQ: AEYE) reported Q2 EPS of ($0.16), $0.01 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $5.3 million versus the consensus estimate of $4.33 million.

GUIDANCE:

Financial OutlookThe Company remains confident in its long-term growth prospects as well as the opportunities in the digital accessibility industry as a whole. The Company remains focused on growing monthly recurring revenue (MRR) as its leading financial indicator. Under normal economic conditions, the Company is reiterating its expectation to become cash flow positive in 2021. This expectation remains subject to change and does not factor in a significant, long-term macroeconomic impact to AudioEye or its customer base as a result of COVID-19.

For earnings history and earnings-related data on Audioeye, Inc. (AEYE) click here.

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