AudioEye: Jumps on higher Q4, FY 2020 outlook

AudioEye

16/12/2020 14:23

** Shares of digital accessibility solutions provider
 AEYE.O  jump 12.4% to $22.75 premarket
    ** Co forecasts Q4 revenue to be between $5.4 mln and $5.6
mln compared with analysts' avg. estimate of $5.4 mln -
Refinitiv IBES data  urn:newsml:reuters.com:*:nPn8BWPhta
    ** Forecasts FY 2020 revenue to be between $20.3 mln and
$20.5 mln compared with estimates of $20.3 mln
    ** Expects FY 2021 revenue to be in the range of $30 mln to
$32 mln
    ** In 2020 alone, we expect to add approximately 25,000
customers to our base, an increase of 365% - David Moradi,
interim CEO 
    ** AEYE shares up 331.56% this year, as of Tuesday's close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))