AudioEye, Inc. (NASDAQ:AEYE) is reporting third quarter financial results on Thursday 12th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AEYE is expected to report 3Q20 loss of $ 0.32 per share from revenue of $ 4.89 million.
For the full year, analysts anticipate top line of $ 19.99 million, while looking forward to loss of $ 0.94 per share bottom line.
Previous Quarter Performance
AudioEye, Inc. disclosed loss for the second quarter of $ 0.16 per share, from the revenue of $ 5.28 million. The quarterly revenues gained 116.39 percent compared with the same quarter last year. Wall street analysts are predicting, AEYE to report 2Q20 loss of $ 0.17 per share from revenue of $ 4.33 million. The bottom line results beat street analysts by $ 0.01 or 5.88 percent, at the same time, top line results outshined analysts by $ 0.95 million or 21.94 percent.
Stock Performance
Shares of AudioEye, Inc. traded up $ 0.63 or 3.39 percent on Wednesday, reaching $ 19.20 with volume of 35.50 thousand shares. AudioEye, Inc. has traded high as $ 19.20 and has cracked $ 18.12 on the downward trend
The closing price of $ 19.20, representing a 857.22 % increase from the 52 week low of $ 1.94 and a 18.55 % decrease over the 52 week high of $ 22.80.
The company has a market capital of $ 186.47 million and is part of the Technology sector and Software – Application industry.
Conference Call
AudioEye, Inc. will be hosting a conference call at 4:30 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (877) 407-9208 U.S. or (201) 493-6784 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.audioeye.com
AudioEye, Inc. provides Web accessibility solutions to Internet, print, broadcast, and other media to people regardless of their network connection, device, location, or disabilities in the United States. The company develops patented Internet content publication and distribution software that enables conversion of media into accessible formats, as well as allows for real time distribution on various Internet connected devices.
