AudioEye Guides Q3 Revenue to $10.85–$11.05M While Pulling Buyback Program
AEYE sits 51% above its 52-week low of $5.31 on light trading volume (0.3× avg).
Summary
AudioEye issued Q3 guidance of $10.85–$11.05M in revenue and $0.26–$0.28 in diluted EPS, a modest step up from the record $10.7M posted in Q2. The bigger item is the withdrawal of the previously authorized buyback that was set to expire Jan. 24, 2027, which removes the company's standing repurchase approval. That sits awkwardly against the 8-K filed Oct. 20, when the board approved a new $15M repurchase program through October 2027 replacing the January 2025 authorization. For a company this small, losing the buyback removes a support for the share count and reads as a negative. The $15 mean analyst target is noted alongside the guidance.
At the time of this announcement, AEYE was trading at $8.01 on NASDAQ in the Technology sector, with a market capitalization of approximately $101.6M. The 52-week trading range was $5.31 to $16.39. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.