AudioEye Reports First Quarter 2019 Results
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Audioeye, Inc. (AEYE) Misses Q1 EPS by 10c, Revenues Miss; Offers FY19 Revenue Outlook
May 14, 2019 4:10 PM EDTAudioeye, Inc. (NASDAQ: AEYE) reported Q1 EPS of ($0.28), $0.10 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $1.99 million versus the consensus estimate of $2.01 million.
Total revenues increased 73% to a record $1.99 million from $1.15 million 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 56% to a $3.43 million from $2.20 million in the same year-ago period. The increase in cash contract bookings was primarily due to execution in... More