AudioEye Inc. (AEYE) reported Q1 2026 earnings, surpassing both EPS and revenue forecasts. EPS came in at $0.18, above the expected $0.17, while revenue reached $10.6 million, slightly above the $10.54 million forecast.
Despite the positive results, AudioEye's stock fell 6.63% in after-hours trading to $7.18, and declined 1.88% in premarket trading. Shares are down nearly 10% over the past week and trade 56% below their 52-week high of $16.39.
AudioEye achieved its 41st consecutive quarter of record revenue, with 8% year-over-year growth. However, rising operating expenses and a net loss raised concerns among investors.
According to Bond.az analysis, the stock may be undervalued at current levels relative to fair value.
For Q2 2026, AudioEye forecasts revenue between $10.65 million and $10.75 million, with adjusted EBITDA of $2.6 million to $2.7 million. Full-year 2026 revenue is expected between $43.25 million and $44.25 million, with adjusted EPS of at least $0.96.
David Moradi transitions to Executive Chairman and Chief Product Officer, while Kelly Georgevich becomes CEO and CFO. The management shift aims to focus on product innovation and AI initiatives.
