AudioEye Reports Fourth Quarter and Full Year 2018 Results
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Audioeye, Inc. (AEYE) Misses Q4 EPS by 8c, Revenues Beat; Offers FY19 Revenue Mid-Point Guidance Above Consensus
March 27, 2019 4:13 PM EDTAudioeye, Inc. (NASDAQ: AEYE) reported Q4 EPS of ($0.19), $0.08 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.78 million versus the consensus estimate of $1.73 million.
Total revenues increased 103% to a record $1.78 million from $876,000 in the same period a year-ago. The increase in revenues was primarily due to continued execution in direct channel as well as steady growth in the indirect channel.Cash contract bookings increased 124% to a record $3.50 million from $1.56 million in the same year-ago period. The increase in cash contract bookings was primarily due to... More