TUCSON, Ariz., June 5, 2017 /PRNewswire/ -- AudioEye, Inc. (AEYE) ("AudioEye" or the "Company") today announced continued strong new customer bookings in its second quarter to date, following record first quarter bookings of $1.7 million. Additionally, the company announced further growth in its qualified new business pipeline, to $6.8 million, from $5.3 million at March 31, 2017.
"AudioEye continues to benefit from increasing market awareness of the need for digital content accessibility, as well as growing customer demand for the rapid implementation capabilities unique to our software driven solutions," said Todd Bankofier, Chief Executive Officer of AudioEye. "AudioEye offers a compelling value proposition in terms of lower cost, immediate impact and the ability to generally bring a customer into conformance with the Web Content Accessibility Guidelines 2.0 AA standards in 100 days or less. We can then monitor their content for the life of the subscription with little to no demands on the customers' time and resources to maintain compliance. Further, we can achieve compliance without disrupting the user experience, brand elements or security of our customers' digital presence."
Bankofier continued: "We are pleased to see our qualified new business pipeline continue to increase over the past two months, to now more than $6.8 million, in spite of continued conversion of pipeline into cash contract bookings. Our pipeline includes a wide array of opportunities ranging from local businesses to enterprise-level implementations in each of our targeted verticals."
AudioEye's leading edge accessibility compliance software continues to be adopted and embraced by new clients across the United States, empowering designers and developers to integrate accessibility into their websites and applications. AudioEye has initially focused on end markets with compelling customer service or compliance requirements driving greater awareness of online accessibility, including financial services, retail e-commerce, human resources, education and government. Customers integrating AudioEye's unique software driven platforms into their online content reach up to 15% more of their audience than traditional online content.
About AudioEye, Inc.
AudioEye's software enables every enterprise, from corporations to government agencies, to make their content more consumable through technology.
More accessible. More usable. More people.
AudioEye's common stock trades on the OTCQB under the symbol "AEYE." The Company maintains offices in Tucson, Atlanta and Washington D.C. For more information about AudioEye and its online accessibility solutions, please visit https://www.audioeye.com.
Any statements in this press release about AudioEye's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are "forward-looking statements" as that term is defined under the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "should", "intend", "plan", "will", "expects", "estimates", "projects", "positioned", "strategy", "outlook" and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the risk that the Company's bookings will not increase as currently expected or at all. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Other risks are described more fully in AudioEye's filings with the Securities and Exchange Commission. Forward-looking statements reflect management's analysis as of the date of this press release and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or uncertainties after the date hereof or to reflect the occurrence of unanticipated events.
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