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home / news releases / AEYE - AudioEye up 8% after Q1 beats reiterates positive cash flow in 2021

AEYE - AudioEye up 8% after Q1 beats reiterates positive cash flow in 2021

AudioEye Inc.
  • AudioEye (NASDAQ:AEYE) +8% after yesterday's Q1 results beats top and bottom line estimates.
  • Q1 highlights: Revenue of $4.3M (+115% Y/Y).
  • Monthly recurring revenue, ~$1.4M (+17% Q/Q).
  • Gross profit, $2.9M (+170% Y/Y).
  • Bookings were $3.9M (+14%).
  • Cash and equivalents at quarter-end $1.8M (-10% Q/Q), and no debt.
  • The Company is reiterating its expectation to achieve cash flow positivity in 2021, assuming normal economic conditions.
  • Previously: AudioEye EPS beats by $0.04, beats on revenue (May 14)
  • More news on: AudioEye, Inc., Tech stocks news, Stocks on the move, , Earnings news and commentary, ,
Stock Information
Company Name: AudioEye Inc.
Stock Symbol: AEYE
Market: NASDAQ
Website: audioeye.com
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