AudioEye, Inc. (AEYE) reported a loss of $0.30 per share in its fourth-quarter report compared to the Zacks Consensus Estimate of loss of $0.32 per share.
What is AudioEye?
AudioEye, Inc. is a U.S. based company that helps provide web accessibility solutions to broadcast, print, internet, and other media to the people irrespective of their location, device, or connectivity in the U.S. AudioEye has been involved in digital accessibility for over 15 years now and has earned itself a reputation of being one of the most trusted and most robust technology platforms in the entire industry.AudioEyeprovides and develops distribution software and patented internet content publication that enables the conversion of media into accessible formats and actual time distribution on different devices connected to the internet. AudioEye has dedicated itself to eradicating all the barriers to digital access. AudioEye provides a platform known as the Ally Platform, which consists of Ally managed service and digital accessibility platform. They are offered as a service to different website owners, publishers, operators, and developers in internet cloud software. Apart from that, AudioEye is also involved in marketing and selling services that comprise product support, video transcription, PDF accessibility solutions, accessibility help desk, and others. AudioEye’s exceptional hybrid approach to digital accessibility is revolutionizing the entire industry.
AEYE stock exceeding all expectations
AudioEye reported a loss of $0.30 per share in its fourth-quarter report compared to the Zacks Consensus Estimate of loss of $0.32 per share. This is compared to the loss of $0.16 a year prior. This quarterly report came as a surprise in the form of 6.25% earnings. AEYE was expected to report a loss of $0.33 per share in the last quarter,but instead, it produced a loss of $0.12 per share and delivered a surprise of 63.64%. AEYE has managed to surpass the estimated earnings per share four times in the last four quarters. AudioEye has also exceeded the Zacks consensus estimate by 2.57% for the quarter ended December 2020 by posting revenue of 5.59 million dollars, as compared to the last years’ $3.6 million payment. AEYE stock has outperformed the market so far and has added almost 6.9% since the start of the year compared to the 3.8% gain of the S&P 500.