AudioEye Q3 EPS of 8c Crushes Prior $0.26–$0.28 Guidance
AEYE sits 39% above its 52-week low of $5.31 on elevated volume (3.5× avg).
Summary
AudioEye reported third-quarter EPS of 8 cents, far below the $0.26–$0.28 diluted EPS guidance it issued this morning. That guidance was itself framed as a modest step up from record Q2 results, when revenue rose 9% to $10.7M and ARR grew 11% to $42.3M. The quarter produced net income of $990,000 and revenue of $11M. A quarter posting 8 cents against a 26–28 cent guide is a wide miss on the bottom line, and the stock is small enough that the gap matters. The company had just authorized a $15M buyback on October 20, which may absorb some selling pressure. Watch whether management explains the shortfall on the Q3 call and whether full-year adjusted EBITDA guidance holds.
At the time of this announcement, AEYE was trading at $7.36 on NASDAQ in the Technology sector, with a market capitalization of approximately $92.5M. 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 8 out of 10. Source: Dow Jones Newswires.