AudioEye reports Q1 EPS (7c), consensus (8c)

Reports Q1 revenue $8.1M, consensus $8.03M. “We are seeing strong business momentum and expect ARR and revenue growth to accelerate in the Q2 and the remainder of the year. As a result, we are raising revenue, adjusted EBITDA, and adjusted EPS guidance for the full year. We are pleased with our operating leverage, and we anticipate high teen adjusted EBITDA margins for the Q2,” said AudioEye CEO David Moradi. “Earlier this month, the Justice Department signed a final rule under Title II of the Americans with Disabilities Act “ADA”, to ensure the accessibility of web content and mobile apps. This rule marks a pivotal moment in digital accessibility, and we are well positioned to meet the much higher demand expected from the public sector.”