Quarterly ResultMay 12, 2026, 04:27 PM
AudioEye Q1 Revenue $10.6M (Record); Adjusted EPS $0.18
AI Summary
AudioEye, Inc. reported record first quarter 2026 financial results, with total revenue increasing 8% to $10.6M and Adjusted EPS reaching $0.18 per share. The company also saw its Annual Recurring Revenue (ARR) grow to $41.2M. However, net loss widened to $2.1M, primarily due to higher litigation expenses. Kelly Georgevich assumed the Chief Executive Officer role, and the company provided positive guidance for Q2 and full year 2026.
Key Highlights
- Kelly Georgevich assumed the role of Chief Executive Officer.
- Total revenue increased 8% to a record $10.6M for Q1 2026.
- Net loss was $2.1M, or $(0.17) per share, compared to $1.5M, or $(0.12) per share in Q1 2025.
- Adjusted EBITDA rose to $2.4M and Adjusted EPS was $0.18 per share.
- Annual Recurring Revenue (ARR) grew sequentially to $41.2M as of March 31, 2026.
- Cash and cash equivalents increased to $8.6M from $5.3M as of December 31, 2025.
- Q2 2026 revenue guidance is between $10.65M and $10.75M.
- Full year 2026 Adjusted EBITDA is expected to be at least $12M.
Price Impact
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