TUCSON, Ariz. (AP) — TUCSON, Ariz. (AP) — AudioEye, Inc. (AEYE) on Thursday reported a loss of $2,000 in its second quarter.
The Tucson, Arizona-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and non-recurring costs, were 15 cents per share.
The company posted revenue of $9.9 million in the period, which met Street forecasts.
For the current quarter ending in September, AudioEye expects its per-share earnings to range from 17 cents to 19 cents.
The company said it expects revenue in the range of $10.2 million to $10.4 million for the fiscal third quarter.
AudioEye expects full-year earnings in the range of 71 cents to 73 cents per share, with revenue ranging from $40.3 million to $40.7 million.
AudioEye shares have fallen 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.66, a decline of 42% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEYE at https://www.zacks.com/ap/AEYE
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