TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Tuesday reported a loss of $1.5 million in its first quarter.
The Tucson, Arizona-based company said it had a loss of 12 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 15 cents per share.
The company posted revenue of $9.7 million in the period, which met Street forecasts.
For the current quarter ending in June, AudioEye expects its per-share earnings to range from 15 cents to 16 cents.
The company said it expects revenue in the range of $9.9 million to $10 million for the fiscal second quarter.
AudioEye expects full-year earnings to be 70 cents per share, with revenue ranging from $41 million to $42 million.
AudioEye shares have declined 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.40, a decrease of 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEYE at https://www.zacks.com/ap/AEYE
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