SAN FRANCISCO, Dec. 01, 2017 (GLOBE NEWSWIRE) -- A company that brings accessibility to the Internet has been experiencing rapid growth.
Included in this article is: AudioEye Inc.
AudioEye Inc. (OTCQB:AEYE), a company that provides cloud-based software-as-a-service (SaaS) digital content accessibility solutions, reported third quarter financial results on Nov. 15 that included revenue growth of 163% year-over-year. Year-to-date revenue increased 214% compared to last year.
In the third quarter the firm won new cash contract bookings of $1.5 million, which brings its cash contracts year-to-date to $4.7 million.
AudioEye also projected revenue for 2018 would range from $6.5 million to $7.5 million and bookings of between $11 million and $12 million.
CEO Todd Bankofier stated, "AudioEye reported 163% revenue growth year-over-year as we continued to convert more than $4.7 million in year-to-date new cash contract bookings into a growing base of recurring revenue. We also reported increases in deferred revenue and contracts in excess of deferred revenue, providing greater visibility into our continued growth over the coming quarters."
Continue reading this article: Revenue Growth of 163% for Internet Accessibility Firm, Gains Social Security Administration as Client
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