TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Thursday reported a loss of $865,000 in its second quarter.
On a per-share basis, the Tucson, Arizona-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 23 cents per share.
The company posted revenue of $10.7 million in the period.
For the current quarter ending in September, AudioEye expects its per-share earnings to range from 26 cents to 28 cents.
The company said it expects revenue in the range of $10.9 million to $11.1 million for the fiscal third quarter.
AudioEye expects full-year revenue in the range of $43.5 million to $44 million.
AudioEye shares have declined 42% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.81, a decrease of 47% in the last 12 months.
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