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AudioEye Announces Partnership with Creode to Advance Accessibility Compliance in Europe
Prnewswire· 2025-09-23 12:30
Accessibility StatementSkip Navigation Partnership delivers scalable solutions that help financial services and enterprise organisations meet rising global accessibility requirements, including the EAA LONDON, Sept. 23, 2025 /PRNewswire/ --AudioEye, Inc. (Nasdaq: AEYE) ("AudioEye" or the "Company"), the industry-leading digital accessibility company, today announced a new partnership with Creode, a UK-based digital agency serving leading financial and enterprise organisations. Creode will integrate AudioEye ...
Motability Operations Chooses AudioEye to Further Strengthen Digital Accessibility and Customer Experience
Prnewswire· 2025-08-13 12:30
Core Insights - AudioEye, Inc. has been selected by Motability Operations to enhance the accessibility and compliance of its digital experiences through the AudioEye Digital Accessibility Platform [1][2][3] - The partnership emphasizes AudioEye's expanding international presence and its role as a trusted accessibility partner for organizations focusing on compliance and usability [2][5] Company Overview - AudioEye is recognized as an industry leader in digital accessibility, combining AI automation technology with expert fixes to ensure compliance with accessibility standards [10] - The company serves over 120,000 customers, including notable brands like Samsung and Calvin Klein, and offers a comprehensive solution that includes 24/7 accessibility monitoring and legal protection [10] Partnership Details - Motability Operations chose AudioEye for its superior automation capabilities and the ability to provide custom fixes from accessibility experts, which are crucial for the launch of a refreshed website [3] - The partnership aims to reinforce a shared commitment to digital accessibility and scalable solutions that support compliance and usability [5] Impact of the Motability Scheme - The Motability Scheme is vital for thousands of disabled individuals in the UK, providing them with accessible vehicles and enhancing their mobility and economic participation [4][7] - On average, users of the Scheme can work an additional two days per week, and for every £1 of disability allowance spent, £1.50 is returned to the UK economy, supporting approximately 34,000 jobs [4][7]
AudioEye(AEYE) - 2025 Q2 - Earnings Call Transcript
2025-08-07 21:30
Financial Data and Key Metrics Changes - In Q2 2025, AudioEye achieved revenue of $9.9 million, representing a 16% increase year-over-year and marking the 38th consecutive quarter of growth [15][5] - Annual Recurring Revenue (ARR) increased by $1.1 million sequentially and $4.9 million year-over-year to $38.2 million [15][5] - Adjusted EBITDA for Q2 2025 was $1.9 million, a 31% increase year-over-year [21] - The company expects adjusted EBITDA margins to reach the high 20s by Q4 2025 [6] Business Line Data and Key Metrics Changes - The enterprise channel grew by 25% year-over-year, contributing approximately 45% of revenue and ARR, while the partner and marketplace channel grew around 10%, contributing about 55% [19] - The company is phasing out lower-margin legacy services from acquired companies, which has impacted ARR and revenue numbers [19][10] Market Data and Key Metrics Changes - The European Accessibility Act (EAA) went into effect in late June 2025, creating significant demand for AudioEye's services in the EU [10] - The company is seeing a growing pipeline in the EU, which has reportedly tripled from Q2 to Q3 2025 [29][34] Company Strategy and Development Direction - AudioEye aims to achieve annual adjusted EPS growth of 30% to 40% over the next three years [7] - The company is focusing on integrating recent acquisitions to standardize offerings and eliminate duplicate systems, which is expected to enhance cash flow [9] - There is a strong emphasis on expanding presence in the EU and targeting agencies that create websites for clients [46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about accelerating ARR and revenue growth in the second half of 2025, driven by strong demand in the enterprise business [5][6] - The company anticipates that the enforcement of the EAA will lead to increased legal actions for non-compliance, further driving demand for its services [10][11] - Management noted that the digital accessibility lawsuits have increased, which is expected to benefit AudioEye's growth [28] Other Important Information - The company repurchased approximately $1.8 million of shares in Q2 2025 [22] - As of June 30, 2025, AudioEye had $6.9 million in cash and $6.6 million in available debt facilities [22] Q&A Session Summary Question: Impact of phased-out customers on numbers - Management indicated that acquisition-related churn is expected to impact ARR by approximately $1 million to $1.5 million in 2025, primarily due to the migration to AudioEye products [25][26] Question: Digital accessibility lawsuits trend - Management acknowledged that digital accessibility lawsuits are likely up, estimating a 10% to 20% increase, and noted that the company is outgrowing the market [28] Question: EU pipeline visibility - Management reported that the pipeline for the EU business has tripled from the previous quarter, indicating strong growth potential [29][34] Question: Expansion strategy in the EU - Management confirmed that the company is adding salespeople and increasing marketing efforts in the EU to drive growth [36] Question: Title II of the DOJ update - Management expects significant momentum from partners in the government-adjacent space as they prepare for the implementation of Title II [49]
AudioEye Reports Record Second Quarter 2025 Results
Prnewswire· 2025-08-07 20:01
Core Insights - AudioEye, Inc. reported its 38th consecutive quarter of record revenue, achieving a total revenue of $9.9 million for Q2 2025, a 16% increase from $8.5 million in the same period last year [7] - The company anticipates annualized sequential revenue growth in the high teens for the second half of 2025, driven by business momentum in the U.S. and the EU due to the European Accessibility Act [2] - AudioEye aims for adjusted EPS and EPS growth of 30-40% annually over the next three years [2] Financial Performance - Total revenue for Q2 2025 was $9.9 million, up from $8.5 million in Q2 2024, with gross profit increasing to $7.6 million [7] - Adjusted EBITDA for Q2 2025 was $1.9 million, compared to $1.5 million in Q2 2024, reflecting a margin increase to 20% from 17% [25][26] - The net loss for Q2 2025 was $0.0 million, an improvement from a net loss of $0.7 million in the same prior year period [7] Financial Outlook - For Q3 2025, AudioEye expects revenue between $10.2 million and $10.4 million, representing an annualized growth rate of 18% at the midpoint [5] - The full-year 2025 revenue guidance has been updated to between $40.3 million and $40.7 million, reflecting the phase-out of certain customers due to previous acquisitions [5] - Adjusted EBITDA for Q3 2025 is expected to be between $2.2 million and $2.4 million, with adjusted EPS projected between $0.17 and $0.19 per share [5] Customer Base and Market Position - As of June 30, 2025, AudioEye had approximately 120,000 customers, an increase of 1,000 from the previous quarter, driven by growth in both Partner and Marketplace and Enterprise channels [7] - The European Accessibility Act, effective June 28, 2025, is expected to drive demand for AudioEye's services as businesses in the EU must comply with new accessibility requirements [7]
Banco Sabadell Selects DXC to Advance Financial Inclusion through AI-Powered Accessibility Testing
Prnewswire· 2025-08-01 13:00
Core Insights - DXC Technology has been selected by Banco Sabadell to enhance the accessibility of its digital services through a new testing framework that incorporates manual testing, automation, and AI-driven analysis [1][2][3] Group 1: Partnership Details - The initiative aims to create a more inclusive experience for Banco Sabadell's 12 million customers in Spain by addressing accessibility barriers, which is expected to reduce user drop-off and improve customer satisfaction [2][3] - DXC will provide 350,000 hours of advanced testing annually to support this initiative [2] Group 2: Methodology and Compliance - DXC and Banco Sabadell have developed a methodology that integrates accessibility testing throughout the product development lifecycle, including a real-time monitoring system for evaluating issues based on business impact [3] - The approach ensures compliance with accessibility standards set by Spanish and EU regulations, helping Banco Sabadell meet regulatory obligations and broader inclusion goals [3] Group 3: Industry Expertise - DXC Technology has over 45 years of experience in banking and capital markets, providing the necessary technology and expertise for financial institutions to remain competitive [4] - The collaboration is seen as a significant step towards a more equitable digital future for all citizens [4]
AudioEye Sets Second Quarter 2025 Earnings Call
Prnewswire· 2025-07-24 20:30
Core Viewpoint - AudioEye, Inc. will hold a conference call on August 7, 2025, to discuss its financial results for Q2 2025, which ended on June 30, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for Thursday, August 7, 2025, at 4:30 p.m. Eastern Time [2] - U.S. dial-in number is 888-645-4404, and the international number is 862-298-0702 [2] - A webcast will be available live and for replay on the company's investor relations website [3] Group 2: Company Overview - AudioEye is a leader in digital accessibility, providing solutions that combine AI automation technology with expert fixes [4] - The company serves over 119,000 customers, including notable brands like Samsung, Calvin Klein, and Samsonite [4] - AudioEye holds 24 U.S. patents and offers services such as 24/7 accessibility monitoring and legal protection [4]
AudioEye Expands European Union Presence with European Accessibility Act
Prnewswire· 2025-07-01 12:30
Core Insights - The European Accessibility Act (EAA) introduces significant digital accessibility requirements for businesses, with penalties for non-compliance [1][8] - AudioEye is expanding its operations in the EU to meet the growing demand for compliance solutions as businesses adapt to the EAA [1][2] - The EAA applies to companies operating in the EU with over 10 employees and €2 million in annual revenue, covering various digital platforms [8] Company Overview - AudioEye is a leading digital accessibility company, providing solutions that combine AI-driven automation with expert-led testing [5][6] - The company claims to offer 300-400% more legal protection compared to other solutions in the market [3][7] - AudioEye has over 119,000 customers, including notable brands like Samsung and Calvin Klein [6] Market Demand - There is an increasing demand for AudioEye's platform among U.S.-based customers to ensure compliance with new global accessibility standards [2] - The company is experiencing growth in the UK and EU, particularly in sectors such as retail, SaaS, transportation, and hospitality [2] Compliance Requirements - Organizations must align with the Web Content Accessibility Guidelines (WCAG) 2.1, Level AA, as part of the EAA compliance [8] - Non-compliance can lead to fines of up to €3 million, depending on the Member State, and may increase legal risks for brands [8] Service Offerings - AudioEye's platform detects an average of 500% more accessibility issues than other solutions [7] - The company provides custom legal support and guidance, claiming to have the industry's only real legal guarantee [7]
AudioEye Reports Record First Quarter 2025 Results
Prnewswire· 2025-04-29 20:01
Core Insights - AudioEye, Inc. reported a record revenue of $9.7 million for Q1 2025, marking a 20% increase from $8.1 million in the same period last year [6] - The company achieved an adjusted EBITDA of $1.9 million and an adjusted EPS of $0.15, compared to $0.9 million and $0.08 in the prior year [6] - AudioEye anticipates revenue between $9.85 million and $10.0 million for Q2 2025 and between $41.0 million and $42.0 million for the full year [4] Financial Performance - Total revenue increased by 20% to $9.7 million from $8.1 million year-over-year [6] - Gross profit rose to $7.7 million, representing 80% of total revenue, up from $6.3 million (78% of total revenue) in the prior year [6] - Operating expenses increased by 25% to $8.7 million, primarily due to higher selling and marketing expenses, litigation expenses, and depreciation [6] Cash Flow and Debt - The company expects to generate nearly $1 per share of run-rate free cash flow by Q4 2025, indicating over 40% year-over-year growth [2] - As of March 31, 2025, AudioEye had $8.3 million in cash and cash equivalents, up from $5.7 million at the end of 2024 [6] - AudioEye completed a new $20 million loan facility with Western Alliance Bank, which includes a $12 million term loan used to repay existing debt [6] Customer Metrics - As of March 31, 2025, AudioEye had approximately 119,000 customers, an increase of 7,000 from the previous year [6] - The customer count decreased by 8,000 from December 31, 2024, due to a contract renegotiation with an existing partner [6] Future Outlook - The company is optimistic about its business momentum, with a strong pipeline in both the U.S. and Europe [1] - AudioEye's financial outlook includes expectations for adjusted EBITDA of $1.9 million to $2.0 million for Q2 2025 and $9.0 million to $10.0 million for the full year [4]
AudioEye(AEYE) - 2024 Q4 - Earnings Call Transcript
2025-03-13 02:12
AudioEye (AEYE) Q4 2024 Earnings Call March 12, 2025 10:12 PM ET Company Participants David Moradi - Chief Executive OfficerKelly Georgevich - Chief Financial Officer Conference Call Participants Joshua Reilly - Senior AnalystZach Cummins - Senior Research AnalystRichard Baldry - MD & Senior Research AnalystGeorge Sutton - Senior Research AnalystScott Buck - Managing Director & Senior Technology Analyst Operator Good afternoon, and welcome to AudioEye's Fourth Quarter and Full Year twenty twenty four Earnin ...