#United States #financial results #Tucson #Digital Accessibility #AudioEye

AudioEye Reports Strong First Quarter 2026 Results

AudioEye, Inc. (Nasdaq: AEYE) has achieved impressive financial results for the first quarter of 2026, illustrating its strong commitment to digital accessibility. The company has reported a record revenue of $10.6 million, representing an 8% increase from $9.7 million in the same quarter of the previous year. This growth reflects AudioEye's robust annual recurring revenue (ARR), which reached $41.2 million, showcasing a 12% sequential growth from the previous quarter.

Leadership Insights

Kelly Georgevich, the newly appointed CEO of AudioEye, expressed pride in the company's ongoing growth. She attributed the success to the transformative leadership of David Moradi, the outgoing CEO, who managed to increase revenue nearly fourfold during his tenure. Kelly emphasized her excitement for the future, emphasizing her commitment to enhancing the value their products deliver to customers.

Financial Highlights

The first quarter of 2026 resulted in:

• - Gross Profit: Increased to $8.3 million, making up 78% of total revenue, compared to $7.7 million (80%) in Q1 2025.
• - Operating Expenses: Rose to $10.1 million, largely driven by heightened litigation costs, an increase of 17% compared to the previous year.
• - Net Loss: Recorded as $2.1 million, or $(0.17) per share. This figure reflects a loss increase from $1.5 million ($0.12 per share) year-over-year, primarily due to higher legal expenses.
• - Adjusted EBITDA: Reported at $2.4 million, marking improvement from $1.9 million in the same quarter last year.

AudioEye maintains an optimistic outlook for the upcoming quarters, projecting revenues of $10.65 million to $10.75 million for Q2 and an annual projection of $43.25 million to $44.25 million for the full year.

Industry Recognition

In addition to its financial achievements, AudioEye published the 2026 Accessibility Advantage Report, based on findings from over 400 business leaders, highlighting the challenges organizations face in establishing sustainable accessibility practices. The company also participated in the 41st Annual CSUN Assistive Technology Conference, further emphasizing its leadership in the accessibility sector.

Recognized for its excellence, AudioEye was awarded G2's Best Software Products for 2026, where it earned a remarkable 11 badges in various categories based on verified customer feedback. As of March 31, 2026, the company serves approximately 127,000 customers, a significant increase of 8,000 from the prior year.

Key Takeaways

AudioEye's Q1 results showcase a company on a trajectory of growth, driven by its commitment to digital accessibility and a strong leadership team. The expected revenue growth, alongside industry recognition and a solid customer base, positions AudioEye favorably for continued success.

In summary, AudioEye not only demonstrates impressive financial growth but also continues to be a pivotal player in the digital accessibility landscape, emphasizing the importance of accessibility in today's digital world.