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AudioEye Inc (AEYE) Q1 2024 Earnings Call Transcript Highlights: Record Revenues and Strategic ...GuruFocus ResearchWed, Apr 24, 2024, 2:14 AM CDT3 min readhttps://finance.yahoo.com/news/audioeye-inc-aeye-q1-2024-071409436.html?prefer_reader_view=1&prefer_safari=1#In This Article:AEYE+15.17%
Revenue: Q1 2024 revenue reached $8.1 million, marking a 33rd consecutive quarter of record revenue.
Annual Recurring Revenue (ARR): Ended Q1 2024 at $32 million, up $800,000 from Q4 2023.
Gross Profit: $6.3 million in Q1 2024, maintaining a gross margin of 78%.
Operating Expenses: Decreased by 14% to $7 million in Q1 2024.
Net Loss: Reduced to $800,000 in Q1 2024 from $2 million in Q1 2023.
Adjusted EBITDA: Improved to $920,000 in Q1 2024 from a lower figure in Q1 2023.
Free Cash Flow: Positive $430,000 in Q1 2024.
Customer Count: Grew to approximately 112,000 by March 31, 2024, from 95,000 a year earlier.
Share Repurchase: 548,000 shares bought back at an average price of $5.73 as of April 23, 2024.
2024 Revenue Guidance: Increased to between $34.3 million and $34.7 million.
2024 Adjusted EBITDA Guidance: Raised by approximately $1 million to between $4.5 million and $5.5 million.
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