SAN FRANCISCO, Jan. 25, 2019 (GLOBE NEWSWIRE) -- AudioEye Inc. (AEYE:NASDAQ) achieved record revenue and bookings in Q4/18 and in 2018 as a whole, it announced in a news release. "AudioEye is in its strongest position to date and has a tremendous opportunity to capitalize on the market before us," Executive Chairman Carr Bettis stated.
Company mentioned: AudioEye Inc.
The company makes the internet more accessible to people with disabilities. "Leading with technology, AudioEye identifies and resolves issues of accessibility and enhances the user experience, making digital content more accessible and more usable for more people," the company noted.
In Q4/18 the tech company generated $1.78 million in revenue, up 103% from Q4/17. Q4/18 was the 12th consecutive quarter in which it recorded topline growth. Cash contract bookings in Q4/18 also were a record high, totaling about $3.50 million and up 124% from the same period in 2017.
Full-year 2018 revenue was at its highest at $5.66 million, up 107% year over year (YOY). Cash contract bookings amounted to $11.55 million, also reflecting a YOY increase, of 83%. As of Dec. 31, 2018, the company had $5.7 million in cash and cash equivalents. All figures above are preliminary estimates.
Management guided to 2019 full-year revenue of $11–13 million, a 94–130% increase over total 2018 revenue.
Technical analyst John Newell of Fieldhouse Capital charted AudioEye and noted that with a breakout above $9.25, he found three targets, $13, $23 and $47.
Continue reading this article: Revenue at Accessibility Technology Firm Up 107% in 2018
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DISCLOSURE:
The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. Neither John Newell nor funds under his control at Fieldhouse Capital hold securities of AudioEye. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of AudioEye, a company mentioned in this article.
The full disclosure is provided at the article's end: Revenue at Accessibility Technology Firm Up 107% in 2018