Exhibit 99.1 AudioEye Reports Record Fourth Quarter and Full Year 2023 Results Thirty-Second Consecutive Period of Record Revenue TUCSON, Ariz. — March 6, 2024 — AudioEye, Inc. (NASDAQ: AEYE) ("AudioEye" or the "Company"), the industry-leading enterprise SaaS accessibility company, reported financial results for the fourth quarter and full year ended December 31, 2023. "I want to thank our employees for all their hard work in dramatically improving our efficiency, including revenue per employee, gross margi ...

Part I [Business](index=5&type=section&id=Item%201.%20Business) AudioEye, Inc. offers SaaS digital accessibility solutions, leveraging AI and human expertise to ensure website compliance through Enterprise and Partner channels - AudioEye's business model focuses on **SaaS subscriptions** for its digital accessibility platform, combining **AI-driven automation** and **human expertise** for WCAG compliance[15](index=15&type=chunk)[16](index=16&type=chunk)[17](index=17&type=chunk) - The company operates through two primary sales channels: **Enterprise** for large organizations and **Partner and Marketplace** for small and medium-sized businesses[24](index=24&type=chunk) - A single major customer and its affiliates contributed approximately **17% of total revenue** in both 2023 and 2022, indicating significant customer concentration[25](index=25&type=chunk) - The company's intellectual property portfolio includes **22 issued U.S. patents**, considered a key competitive strength[26](index=26&type=chunk) - As of December 31, 2023, the company employed **114 full-time employees** and utilizes independent contractors as needed[38](index=38&type=chunk)[39](index=39&type=chunk) [Risk Factors](index=13&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including historical net losses, capital needs, loan covenants, intense competition, and cybersecurity - The company has a history of significant losses, reporting a **net loss of $5.87 million** in 2023 and an **accumulated deficit of $89.48 million**[43](index=43&type=chunk) - A **$7.0 million loan** obtained in November 2023 includes financial covenants such as maintaining **$2.0 million minimum liquidity** and meeting monthly recurring revenue levels[46](index=46&type=chunk)[47](index=47&type=chunk) - The company faces intense competition from larger, better-financed entities, established consultants, and emerging AI technologies[58](index=58&type=chunk)[59](index=59&type=chunk) - The uncertain and evolving legal framework for website accessibility could impact product demand or require offering changes[74](index=74&type=chunk) - As of December 31, 2023, four stockholders, including key executives, beneficially owned **over 45% of voting power**, indicating significant ownership concentration[118](index=118&type=chunk) [Cybersecurity](index=36&type=section&id=Item%201C.%20Cybersecurity) AudioEye maintains a cybersecurity risk management program with internal audits, penetration testing, and an incident response team - The company's cybersecurity strategy includes proactive reviews, **external penetration testing**, employee training, and data protection law monitoring[127](index=127&type=chunk) - The **Audit Committee** oversees cyber threat risks, receiving regular updates from senior management[130](index=130&type=chunk) - An **incident response team**, including key officers, manages and remediates cybersecurity threats[130](index=130&type=chunk)[131](index=131&type=chunk) [Properties](index=38&type=section&id=Item%202.%20Properties) The company's principal office is a leased space in Tucson, Arizona, expiring October 2024, with additional leased and shared offices - The main corporate office in Tucson, Arizona, is under a lease agreement expiring in **October 2024**[134](index=134&type=chunk) [Legal Proceedings](index=38&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in routine legal proceedings, but management does not anticipate a material adverse financial impact - The company does not anticipate any material financial impact from routine legal proceedings beyond existing provisions[136](index=136&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=38&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) AudioEye's common stock is listed on Nasdaq, with a $5 million share repurchase program authorized, and no dividends paid or anticipated - In November 2023, the Board approved a new **$5 million share repurchase program** valid through December 31, 2025[141](index=141&type=chunk) Share Repurchase Activity (Q4 2023, in thousands) | Period | Total Shares Purchased | Average Price Paid per Share | Remaining Authorization | | :--- | :--- | :--- | :--- | | **Employee Transactions** | 21,096 | $4.49 | N/A | | **Share Repurchase Program** | 248,205 | $4.52 | $3,878 | - The company has not paid dividends since inception and plans to retain future earnings for business development[145](index=145&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) AudioEye's 2023 revenue grew 5% to $31.3 million, with reduced operating and net losses, and positive Adjusted EBITDA - **Annual Recurring Revenue (ARR)** grew **7%** to **$31.2 million** as of December 31, 2023, driven by the Partner and Marketplace channel[148](index=148&type=chunk)[173](index=173&type=chunk) Consolidated Statements of Operations (in thousands) | Metric | 2023 | 2022 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | **$31,316** | **$29,913** | **5%** | | Gross Profit | $24,342 | $22,694 | 7% | | Total Operating Expenses | $30,307 | $33,123 | (9)% | | **Operating Loss** | **$(5,965)** | **$(10,429)** | **(43)%** | | **Net Loss** | **$(5,872)** | **$(10,433)** | **(44)%** | Revenue by Channel (in thousands) | Channel | 2023 | 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Partner and Marketplace | $18,027 | $15,972 | 13% | | Enterprise | $13,289 | $13,941 | (5)% | | **Total Revenues** | **$31,316** | **$29,913** | **5%** | Non-GAAP Adjusted EBITDA Reconciliation (in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net loss (GAAP) | $(5,872) | $(10,433) | | **Adjusted EBITDA** | **$1,340** | **$(946)** | | Adjusted EBITDA margin | 4% | (3)% | - Cash flow from operating activities significantly improved to a source of **$0.32 million** in 2023 from a use of **$(5.00) million** in 2022[187](index=187&type=chunk) - The company secured a **$7.0 million term loan** in November 2023, maturing in November 2026, increasing year-end cash to **$9.2 million**[182](index=182&type=chunk)[189](index=189&type=chunk) [Financial Statements and Supplementary Data](index=53&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents AudioEye's consolidated financial statements, detailing balance sheet, income statement, and cash flow performance for 2023 and 2022 [Consolidated Balance Sheets](index=68&type=section&id=Consolidated%20Balance%20Sheets) As of December 31, 2023, total assets increased to $25.5 million, driven by cash from a new term loan, while liabilities rose and equity decreased Key Balance Sheet Items (in thousands) | Account | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Cash | $9,236 | $6,904 | | Total Current Assets | $14,776 | $12,966 | | Goodwill & Intangibles, net | $9,784 | $10,042 | | **Total Assets** | **$25,495** | **$24,428** | | Total Current Liabilities | $11,529 | $11,062 | | Term loan, net | $6,727 | $— | | **Total Liabilities** | **$18,788** | **$13,839** | | **Total Stockholders' Equity** | **$6,707** | **$10,589** | [Consolidated Statements of Operations](index=69&type=section&id=Consolidated%20Statements%20of%20Operations) For 2023, revenue increased 5% to $31.3 million, gross profit rose 7%, and operating and net losses significantly narrowed due to reduced expenses Key Income Statement Data (in thousands) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Revenue | $31,316 | $29,913 | | Gross Profit | $24,342 | $22,694 | | Operating Loss | $(5,965) | $(10,429) | | Net Loss | $(5,872) | $(10,433) | | Net Loss per Share | $(0.50) | $(0.91) | [Consolidated Statements of Cash Flows](index=71&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) In 2023, operating cash flow turned positive at $0.3 million, investing activities used $2.2 million, and financing provided $4.2 million, increasing cash to $9.2 million Cash Flow Summary (in thousands) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $318 | $(4,999) | | Net cash used in investing activities | $(2,156) | $(5,733) | | Net cash provided by (used in) financing activities | $4,170 | $(1,330) | | **Net increase (decrease) in cash** | **$2,332** | **$(12,062)** | | **Cash at end of period** | **$9,236** | **$6,904** | [Controls and Procedures](index=55&type=section&id=Item%209A.%20Controls%20and%20Procedures) As of December 31, 2023, the CEO and CFO concluded that disclosure controls and internal control over financial reporting were effective - Management, including the **CEO and CFO**, concluded that disclosure controls and internal control over financial reporting were **effective** as of December 31, 2023[204](index=204&type=chunk)[206](index=206&type=chunk) Part III [Directors, Executive Officers, Corporate Governance, Executive Compensation, and Other Matters](index=57&type=section&id=Items%2010-14) Information for Items 10-14, covering governance, executive compensation, and related matters, is incorporated by reference from the forthcoming 2024 proxy statement - Detailed information on corporate governance, executive compensation, and related party transactions will be available in the forthcoming **2024 proxy statement**[214](index=214&type=chunk)[216](index=216&type=chunk)[217](index=217&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=58&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all documents filed as part of the Form 10-K, including consolidated financial statements, corporate governance, and material contracts - The financial statements are filed as part of this report, beginning on **page F-1**[222](index=222&type=chunk) - A key exhibit is the **Loan and Security Agreement** dated November 30, 2023, related to the **$7.0 million term loan**[224](index=224&type=chunk)

Group 1 - AudioEye, Inc. will hold a conference call on March 6, 2024, at 4:30 p.m. Eastern Time to discuss its financial results for Q4 and the full year ended December 31, 2023 [1] - The financial results will be released in a press release prior to the conference call [1] - A live webcast of the conference call will be available, and the audio recording will remain accessible for 90 days via the investor relations section of the Company's website [2] Group 2 - AudioEye focuses on ensuring digital accessibility for businesses of all sizes, with over 107,000 customers including notable brands like Samsung and Calvin Klein [3] - The company holds 22 US patents and utilizes AI automation technology combined with expert guidance to address digital accessibility challenges [3] - AudioEye aims to eliminate barriers to digital access and assist companies in navigating legal compliance and ongoing training [3]

Updates include accessibility developer tools, single sign-on, and improved testing capabilities TUCSON, Ariz., Feb. 20, 2024 /PRNewswire/ -- AudioEye, Inc. (Nasdaq: AEYE) (the "Company"), the industry-leading web accessibility platform, today announced a series of enterprise-level updates to help organizations better address ongoing accessibility compliance at scale. "As we continue working toward a more inclusive digital world, we must equip our customers with the tools needed to address accessibility acr ...

Technology stocks rarely come cheap, but smaller tech companies become more viable when an innovation like artificial intelligence breaks through. As the major players in Majestic 7 continue to rise in value, first-time investors need cheaper options. Enter the AI penny stocks, with reasonable pricing allowing investors’ money to go further with each share purchased. This has led to this list of AI penny stocks to buy.Though low-priced AI stocks seem counterintuitive, the value of a solid penny stock comes ...

A pioneer in the digital accessibility industry, Paciello brings four decades of knowledge and expertise to AudioEye's digital accessibility offerings TUCSON, Ariz., Jan. 31, 2024 /PRNewswire/ -- AudioEye, Inc. (Nasdaq: AEYE) (the "Company"), the industry-leading web accessibility platform, is pleased to announce that Mike Paciello has joined the Company as Chief Accessibility Officer. Paciello brings over 40 years of expertise to this critical role, including authoring the first book on web accessibility, ...

Core Insights - AudioEye has been recognized as a leader in 16 categories of G2's Winter 2024 Reports for Digital Accessibility Platforms and Tools, ranking first in implementation and usability [1][2][3] - The company has received 13 leader badges, including for easiest setup and highest user adoption, reflecting strong customer satisfaction [1][2] Company Overview - AudioEye's platform assists businesses in creating digitally accessible and compliant websites, utilizing both technology and human expertise [2][4] - The company serves over 107,000 customers, including notable brands like Samsung, Calvin Klein, and Samsonite, and holds 21 US patents [4] Industry Recognition - AudioEye's inclusion in G2's reports is based on positive reviews from verified customers, emphasizing customer satisfaction and market presence [2][3] - The company was also recognized as Best Accessibility Innovation in a SaaS Product in the international SaaS Awards [3]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission File Number: 001-38640 AudioEye, Inc. (Exact name of registrant as specified in its charter) Delaware 20-2939845 (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission File Number: 001-38640 AudioEye, Inc. (Exact name of registrant as specified in its charter) Delaware 20-2939845 (I.R.S. Empl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission File Number: 001-38640 AudioEye, Inc. (Exact name of registrant as specified in its charter) Delaware 20-2939845 (I.R.S. Emp ...