Audioeye ( (AEYE) ) has released its Q4 earnings. Here is a breakdown of the information Audioeye presented to its investors.
AudioEye, Inc., a leader in digital accessibility solutions, combines AI automation with expert fixes to help businesses meet compliance standards across various industries. The company recently reported record financial results for the fourth quarter and full year of 2024, marking its thirty-sixth consecutive period of record revenue. AudioEye achieved a 24% year-over-year revenue growth in Q4 2024, with a total revenue of $9.7 million, and a gross profit of $7.8 million. Despite a net loss of $1.5 million, the company saw improvements in adjusted EBITDA and EPS, reflecting strong operational performance.
Key financial metrics for 2024 include a total revenue increase of 12% to $35.2 million and an adjusted EBITDA of $6.7 million, a significant rise from the previous year. The company also expanded its customer base to approximately 127,000, driven by growth in both Partner and Marketplace and Enterprise segments. Strategic initiatives included the release of a new Digital Accessibility Index and the launch of role-based courses on its AudioEyeQ platform.
Looking forward, AudioEye projects revenue between $41 million and $42 million for 2025, with an expected adjusted EBITDA of $9 million to $10 million. The company aims to maintain its momentum by continuing to leverage its technological advancements and expanding its market presence. With a focus on digital accessibility, AudioEye is well-positioned to capitalize on the growing demand for inclusive digital experiences.