AudioEye Second Quarter 2024 Earnings: EPS Misses Expectations

AudioEye (NASDAQ:AEYE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$8.47m (up 8.1% from 2Q 2023).
• Net loss: US$735.0k (loss narrowed by 63% from 2Q 2023).
• US$0.063 loss per share (improved from US$0.17 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AudioEye EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 60%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 33% from a week ago.

Valuation

Our analysis of AudioEye based on 6 different valuation metrics shows it might be overvalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com