TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Wednesday reported a loss of $1.5 million in its fourth 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, came to 18 cents per share.
The company posted revenue of $9.7 million in the period, meeting Street forecasts.
For the year, the company reported that its loss narrowed to $4.3 million, or 36 cents per share. Revenue was reported as $35.2 million.
AudioEye expects full-year revenue in the range of $41 million to $42 million.
AudioEye shares have declined 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.70, a rise of 48% in the last 12 months.
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