The company’s annual recurring revenue climbed to $42.3 million by the end of June, representing an 11% increase over the previous year. CEO Kelly Georgevich noted that the firm has reached a pivotal financial juncture, prompting management to evaluate capital deployment strategies, including potential share buybacks and dividends. Gross profit margins also expanded to 79%, bolstered by consistent revenue gains.
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AudioEye Hits Record Revenue Streak Amid Leadership Transition
AudioEye marked its forty-second consecutive quarter of sequential revenue growth, reporting $10.7 million for the second quarter of 2026. Despite a GAAP net loss of $0.9 million, the digital accessibility firm achieved record adjusted EBITDA of $3.0 million, signaling a shift toward sustained free cash flow generation.
Operating expenses rose to $9.0 million, a 23% increase year-over-year, largely attributed to higher litigation costs and the absence of a one-time gain that benefited the prior year's balance sheet. Looking ahead, AudioEye raised its full-year adjusted EBITDA guidance, targeting at least $12.7 million for 2026. This transition follows a leadership change in May, with Matthew Domeyer stepping into the CFO role to support the company’s ongoing expansion across its 129,000-customer base.
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