AudioEye Achieves Record Financial Growth in Fourth Quarter and Full Year 2024

AudioEye Announces Record Financial Achievements for 2024

AudioEye, Inc. has reported outstanding financial performances for the fourth quarter and full year of 2024, solidifying its position as a leader in the digital accessibility sector. The company, listed on Nasdaq with the ticker AEYE, announced its results on March 12, 2025, presenting a remarkable 24% revenue growth year-over-year. This achievement marks the thirty-sixth consecutive quarter of record revenue, reflecting AudioEye's determined efforts and strategic initiatives.

Robust Performance Metrics

CEO David Moradi expressed satisfaction with the financial results, highlighting significant outperformance in revenue and profitability throughout 2024. Notably, in Q4 alone, AudioEye generated total revenues of $9.7 million, a substantial increase from $7.9 million in the same quarter the previous year. This upswing in revenue has led to a gross profit rise, reaching 80% of total revenue at $7.8 million.

In conjunction with strong revenue growth, the adjusted EBITDA for Q4 2024 reached $2.3 million, with an adjusted EPS of $0.18 per share, both increasing significantly from figures reported in the previous year. These metrics indicate a sustainable approach towards operational efficiency and profitability, echoing AudioEye's commitment to its growth model.

Business Investments and Expenses

While celebrating revenue growth, AudioEye has also seen a 36% increase in total operating expenses, which have grown from $6.7 million to $9.1 million. This surge in expenses can be attributed to enhanced investments in sales and marketing, legal expenses, and stock-based compensation. Importantly, this increased investment is designed to maintain competitive advantage and support future growth in the digital accessibility arena.

Full Year 2024 Highlights

The total revenue for the full year 2024 was $35.2 million, a 12% increase from $31.3 million in 2023. Gross profits also saw a corresponding rise to $27.9 million, further showcasing the effectiveness of AudioEye’s strategic approaches during a rapidly evolving market landscape. Adjusted EBITDA for the full year reached $6.7 million, indicating considerable improvement compared to $1.3 million from the previous year.

Moreover, AudioEye's annual recurring revenue (ARR) as of December 31, 2024, rose to $36.6 million, reflecting a strong retention and expansion within its customer base, which has increased to approximately 127,000 users, showing a solid growth trajectory.

Looking Forward: 2025 Projections

Looking ahead to 2025, AudioEye has set an ambitious revenue guidance of $41 to $42 million, marking a projected growth rate of around 18%. The company also anticipates improved adjusted EBITDA margins between $9 million and $10 million, illustrating robust operating leverage going forward.

Strategic Personnel and Initiatives

In March 2025, AudioEye appointed Jim Hawkins to its board of directors. Hawkins, known for his extraordinary leadership in driving revenue growth in previous roles, will bring valuable expertise to the team as the company continues to expand. Additionally, AudioEye has launched a series of role-based accessibility courses designed to provide practical guidance to diverse digital teams, facilitating the integration of accessibility in various processes.

The company has also released its 2025 Digital Accessibility Index, highlighting crucial compliance issues across multiple industries, revealing an alarming rise in average accessibility problems.

Conclusion

With its strong financial results, planned strategic initiatives, and commitments towards enhancing digital accessibility, AudioEye is poised to substantially contribute to a more inclusive digital future. The impressive growth metrics of 2024 and a hopeful outlook for 2025 signify AudioEye's readiness to tackle upcoming challenges in the growing digital landscape.