AEYE - AudioEye Earnings: Can You Hear The Value? I Can't
2024-07-26 03:45:11 ET
Summary
- AudioEye stock up 300% in the past year, Q2 results met with cheer, priced at 29x next year's EBITDA.
- The company helps make websites accessible, Q2 showed the fastest growth rate in years, facing challenges in scaling operations.
- Revenue growth rates expected to moderate in 2025, stock valuation at 29x forward EBITDA not justified, limited potential for multiple expansion.
Investment Thesis
AudioEye's ( AEYE ) stock is up 300% in the past year. This is one of the strongest-performing small caps. Meanwhile, its Q2 2024 results are met with further cheer, with its share price up 4% premarket....
AudioEye Earnings: Can You Hear The Value? I Can't