AudioEye Inc Expects To Generate Revenue Of Between $7.85M-$7.95M Vs $7.93M Est. In Q4 2023
Portfolio Pulse from Benzinga Newsdesk
AudioEye Inc anticipates Q4 2023 revenues to be in the range of $7.85M-$7.95M, aligning with the $7.93M estimate. The company also expects to see a sequential increase in non-GAAP profitability and positive free cash flow from operations, excluding any changes in working capital.
December 08, 2023 | 9:32 pm
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NEUTRAL IMPACT
AudioEye Inc projects Q4 2023 revenues to be between $7.85M and $7.95M, which is consistent with analyst estimates. The company also expects improved non-GAAP profitability and positive operational cash flow.
AudioEye's revenue forecast is in line with analyst estimates, which typically does not lead to significant stock price movement. However, the positive outlook on non-GAAP profitability and cash flow could be viewed favorably by investors. The score is neutral due to the revenue forecast meeting expectations without exceeding them.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100