AEYE - AudioEye reports Q1 beats reaffirms full-year guidance

AudioEye (AEYE) tops Q1 estimates with $5.8M in revenue (up 35% on the year) and a $0.09 loss per share, four cents better than analysts expected.Monthly recurring revenue increased 36% to $1.9M.Total operating expenses increased 57% to $7.2M due to broad-based expense increases."We continued to expand our margins to over 76% in the first quarter from 69% in the prior year period, underscoring our ability to create leverage in our operations," says CEO David Moradi.The company reaffirms its full-year revenue guidance of $30-32M versus the $31.8M consensus. The company expects to be FCF positive later this year.Earnings press release.

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AudioEye reports Q1 beats, reaffirms full-year guidance