AudioEye falls after wider Q4 loss, weak annual revenue forecast

AudioEye

13/03/2025 15:00

** Shares of IT services firm AudioEye AEYE.O fall 11.2% to $11.29

** Co late on Wednesday reported Q4 net loss of $1.5 million, compared to a loss of $0.5 million in the previous year

** AEYE expects annual revenue in the range of $41 million to $42 million

** Analysts, on average, expect annual revenue of $42.16 million, according to data compiled by LSEG

** Co posted Q4 revenue of $9.7 million, meeting analysts' expectation

** AEYE up 38.8% in the past 12 months

 (Reporting by Padmanabhan Ananthan)

 ((Padmanabhan.Ananthan@thomsonreuters.com;))