AudioEye Reports Record Fourth Quarter and Full Year 2020 Results
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Audioeye, Inc. (AEYE) Tops Q4 EPS by 23c, Revenues Beat; Reiterates FY21 Revenues Outlook
March 11, 2021 4:29 PM ESTAudioeye, Inc. (NASDAQ: AEYE) reported Q4 EPS of ($0.09), $0.23 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $5.6 million versus the consensus estimate of $5.5 million.
Fourth Quarter 2020 Financial Results
Total revenue increased 57% to a record $5.6M from $3.6M in the same prior year period.Monthly Recurring Revenue (MRR) as of December 31, 2020 increased 54% to a record $1.9M from $1.2M as of December 31, 2019.Gross profit increased to a record $4.1M (73% of total revenue) from $2.4M (66% of total revenue) in the same prior year period. The 74% increase in gross... More