Recent Updates — AEYE
AudioEye reported third-quarter GAAP net income of $1 million, or $0.08 per diluted share, compared to a loss in the prior year period. Revenue rose 7% to a record $11.0 million, while adjusted EBITDA increased 58% year-over-year to $3.9 million. The company raised its full-year 2026 adjusted EBITDA guidance to between $13.4 million and $13.6 million, reflecting approximately 50% growth. Management also announced a new $15 million stock repurchase program authorized by the board. AudioEye operates in the digital accessibility industry, providing AI-powered automation and expert services to ensure websites meet accessibility standards.
The Board of Directors has approved a new stock repurchase program allowing the company to buy back up to $15.0 million of its outstanding common shares. The authorization expires on October 18, 2027, and replaces a previous plan that was terminated upon approval of this new program. Funding will come from working capital and cash from operations. Repurchases may occur via open market purchases, block transactions, or privately negotiated deals at management's discretion. AudioEye operates in the digital accessibility industry, providing AI-driven solutions to ensure websites and digital content are accessible for people with disabilities.
AudioEye entered into a Fourth Loan Modification Agreement with Western Alliance Bank on September 18, 2026. The amendment allows the company to add back up to $5.0 million in litigation expenses to Adjusted EBITDA through December 31, 2026, and up to $3.0 million for the period January 1, 2027, through December 31, 2027. Additionally, the agreement consolidates annual stock buyback limits of $7.0 million for fiscal years 2025, 2026, and 2027 into a single aggregate cap of $7.0 million across those three years, while maintaining an annual limit of $2.0 million for fiscal year 2028 and thereafter. AudioEye operates in the technology industry, providing web accessibility solutions to ensure digital content is usable by people with disabilities.
AudioEye reported second quarter 2026 financial results with total revenue increasing 9% to a record $10.7 million and Annual Recurring Revenue (ARR) rising 11% year-over-year to $42.3 million. Adjusted EBITDA reached a record $3.0 million, while the company raised its full-year adjusted EBITDA guidance to exceed $15 million in annualized run rate. Management also appointed Matthew Domeyer as Chief Financial Officer effective July 2026 and stated it is evaluating options for share buybacks and dividends as free cash flow scales. AudioEye operates in the digital accessibility industry, providing AI-driven automation technology and expert services to help businesses meet web compliance standards.
AudioEye, Inc. appointed Matthew Domeyer as Chief Financial Officer, effective July 20, 2026, replacing Kelly Georgevich. Mr. Domeyer's compensation package includes a $350,000 annual base salary, a $75,000 signing bonus, and 36,000 stock units consisting of RSUs and PSUs. AudioEye, Inc. provides digital accessibility solutions for businesses and consumers.