TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Tuesday reported a loss of $829,000 in its first quarter.
The Tucson, Arizona-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 8 cents per share.
The company posted revenue of $8.1 million in the period.
For the current quarter ending in June, AudioEye expects its per-share earnings to range from 12 cents to 13 cents.
The company said it expects revenue in the range of $8.4 million to $8.5 million for the fiscal second quarter.
AudioEye expects full-year earnings in the range of 38 cents to 46 cents per share, with revenue ranging from $34.3 million to $34.7 million.
AudioEye shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.40, more than doubling in the last 12 months.
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