Brief: Audioeye Announces Customer Update And Preliminary Outlook For Fourth Quarter 2020 And Full Year 2021 Revenue

AudioEye

16/12/2020 11:08

Dec 16 (Reuters) - AudioEye Inc  AEYE.O :
    * AUDIOEYE ANNOUNCES CUSTOMER UPDATE AND PRELIMINARY OUTLOOK
FOR
FOURTH QUARTER 2020 AND FULL YEAR 2021 REVENUE
    * SEES Q4 2020 REVENUE $5.4 MILLION TO $5.6 MILLION
    * SEES FY 2020 REVENUE $20.3 MILLION TO $20.5 MILLION
    * EXPECTED TO END Q4 WITH A CUSTOMER COUNT OF ABOUT 32,000
    * FOR 2021, EXPECTS REVENUE IN RANGE OF $30 MILLION TO $32
MILLION
    * REITERATES EXPECTATION TO GROW MRR AND BECOME CASH FLOW
POSITIVE
IN 2021
    * IN 2020 ALONE, EXPECT TO ADD ABOUT 25,000 CUSTOMERS TO OUR
BASE,
AN INCREASE OF 365%

Source text for Eikon:  urn:newsml:reuters.com:*:nPn8BWPhta
Further company coverage:  AEYE.O 

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