AudioEye Third Quarter 2022 Earnings: EPS Beats Expectations
AudioEye (NASDAQ:AEYE) Third Quarter 2022 Results
Key Financial Results
Revenue: US$7.70m (up 24% from 3Q 2021).
Net loss: US$2.28m (loss narrowed by 51% from 3Q 2021).
US$0.20 loss per share (improved from US$0.41 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AudioEye EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 8.7% from a week ago.
You still need to take note of risks, for example - AudioEye has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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