AudioEye sees Q3 revenue $7.8M-$7.9M, consensus $8.3M

The impact of the integration of BOIA will reduce third quarter revenue by approximately $200,000 as the company transitions one-time audits into recurring revenue. Management forecasts that ARR will increase by approximately $1M sequentially, representing the fastest growth rate in several quarters. The company also expects to generate a non-GAAP profit of approximately $100,000 in the third quarter and expects cash flow to inflect positively by the fourth quarter of this year, depending on items such as working capital.