TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Tuesday reported a loss of $554,000 in its third quarter.
On a per-share basis, the Tucson, Arizona-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 19 cents per share.
The company posted revenue of $10.2 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $10.3 million.
For the current quarter ending in December, AudioEye expects its per-share earnings to range from 21 cents to 23 cents.
The company said it expects revenue in the range of $10.5 million to $10.6 million for the fiscal fourth quarter.
AudioEye expects full-year earnings in the range of 72 cents to 73 cents per share, with revenue ranging from $40.3 million to $40.4 million.
AudioEye shares have dropped slightly more than 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.25, a decline of 34% in the last 12 months.
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