AudioEye Reports First Quarter 2020 Results
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Audioeye, Inc. (AEYE) Tops Q1 EPS by 4c, Revenues Beat; Reiterates 'Expectation to Achieve Cash Flow Positivity in FY21'
May 14, 2020 4:31 PM EDTAudioeye, Inc. (NASDAQ: AEYE) reported Q1 EPS of ($0.19), $0.04 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $4.26 million versus the consensus estimate of $3.69 million.
First Quarter 2020 Financial Results and April Update
Total revenue increased 115% to a record $4.3M from $2M in the same period a year ago. The increase in revenue was primarily due to continued growth in the Company's enterprise and vertical partner channels during the period.As of March 31, 2020, monthly recurring revenue (MRR) was approximately $1.4M, which was an increase of 17% compared to approximately $1.2M at... More