AudioEye, Inc. Announces Unaudited Preliminary Revenue Results for the Fourth Quarter and Full Year Ending December 31, 2018
January 22, 2019 at 04:07 pm
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AudioEye, Inc. announced unaudited preliminary revenue results for the fourth quarter and full year ending December 31, 2018. Based on preliminary unaudited results, the company expects revenues for the fourth quarter of 2018 to be a record $1.78 million, representing an increase of 103% from $876,000 in the same year-ago period. The expected revenues for the fourth quarter of 2018 represent the 12 consecutive quarter of topline growth for the company. As of December 31, 2018, expected monthly recurring revenues (MRR) totaled $614,000.
For the fiscal year ending December 31, 2019, the company is reiterating its previously announced financial guidance. The company expects revenues to range between $11.0 million and $13.0 million, representing an increase of between 94% and 130% compared to its preliminary unaudited revenues results for the full year 2018. Cash contract bookings for the full year 2019 are expected to range between $20.0 million and $22.0 million, representing an increase of between 73% and 90% compared to its preliminary unaudited cash contract bookings results for the full year 2018.
AudioEye, Inc. is a digital accessibility platform company that delivers Website accessibility compliance at all price points to businesses of all sizes. The Company operates in one segment as a provider of Internet content publication and distribution software and related services and enables the conversion of digital content into accessible formats and allows for real-time distribution to end users on any Internet-connected device. Its solutions are backed by machine-learning/artificial intelligence-driven technology that finds and fixes common accessibility errors. Its technology addresses a range of disabilities, including dyslexia, color blindness, epilepsy, and more. Its offerings include an always-on testing, remediation, and monitoring solution. The Company offers additional solutions, such as periodic auditing, human assisted technological remediations and legal support services. It also offers remediation services and Native Mobile App and Audit reports to help its customers.
AUDIOEYE, INC. 
