AudioEye, Inc. Provides Earnings Guidance for the Fourth Quarter and the Year Ended December 31, 2013
January 28, 2014 at 08:28 am
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AudioEye, Inc. provided earnings guidance for the fourth quarter and for the year ended December 31, 2013. The company announced that it expects to report revenue in excess of $690,000 for the fourth quarter of 2013. This represents a sequential increase in recognizable revenue of approximately 82% relative to third quarter revenue of $381,540, and compares with revenue of $3,226 in the fourth quarter of 2012. In addition to top line quarter-over-quarter revenue growth, the company increased its gross profit margin from 66% of sales in the third quarter of 2013 to at least 74% of sales in the fourth quarter.
For the year ended December 31, 2013, the company expects to report that its revenue increased more than 430% to over $1.5 million, compared with 2012 revenue of $282,063. For the full year 2013, gross profit margin approximated 73% of sales.
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. 
