AudioEye First Quarter 2024 Earnings: EPS Beats Expectations
AudioEye (NASDAQ:AEYE) First Quarter 2024 Results
Key Financial Results
Revenue: US$8.08m (up 4.0% from 1Q 2023).
Net loss: US$829.0k (loss narrowed by 59% from 1Q 2023).
US$0.071 loss per share (improved from US$0.17 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AudioEye EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 16% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for AudioEye that you should be aware of.
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