AudioEye reports Q2 adjusted EPS 15c, consensus 15c

Reports Q2 revenue $9.9M, consensus $9.92M. “We achieved our 38th sequential quarter of growth, a remarkable achievement. We expect annualized sequential revenue growth in the high teens in the second half, driven by business momentum in the United States as well as in the EU with the newly enacted European Accessibility Act,” said CEO David Moradi. “Sequential revenue growth, coupled with prudent expense management, is expected to result in record adjusted EBITDA margins and net income margins in the second half. Our business model is highly scalable, and we have an aspirational goal to grow our adjusted EPS and EPS annually by 30-40% for the next three years.”