Quarterly ResultMay 12, 2026, 05:17 PM
AudioEye Q1 Revenue $10.55M, Net Loss $(2.11)M
AI Summary
AudioEye Inc. reported Q1 2026 revenue of $10.55 million, an 8.42% increase from $9.73 million in Q1 2025. Despite the revenue growth, the company's net loss widened to $(2.11) million, compared to $(1.47) million in the prior year. Operating activities generated $1.26 million in cash, a significant improvement from a $(44) thousand use in the same period last year. The company also utilized $475,000 of its share repurchase program during the quarter.
Key Highlights
- Revenue increased 8.42% to $10.55 million in Q1 2026 from $9.73 million in Q1 2025.
- Net loss widened to $(2.11) million in Q1 2026 from $(1.47) million in Q1 2025.
- Basic and diluted net loss per share was $(0.17) in Q1 2026, up from $(0.12) in Q1 2025.
- Gross profit rose to $8.25 million in Q1 2026 from $7.74 million in Q1 2025.
- Net cash provided by operating activities was $1.26 million, compared to $(44) thousand used in Q1 2025.
- Cash and cash equivalents increased to $8.56 million as of March 31, 2026.
- Utilized $475,000 of the $12.5 million share repurchase program in Q1 2026.
- Drew an additional $3.6 million from the term loan, totaling $17.0 million outstanding.