0001144204-17-035840.txt : 20170706 0001144204-17-035840.hdr.sgml : 20170706 20170706060208 ACCESSION NUMBER: 0001144204-17-035840 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170706 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170706 DATE AS OF CHANGE: 20170706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AUDIOEYE INC CENTRAL INDEX KEY: 0001362190 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-177463 FILM NUMBER: 17950781 BUSINESS ADDRESS: STREET 1: 5210 E. WILLIAMS CIRCLE STREET 2: SUITE 750 CITY: TUCSON STATE: AZ ZIP: 85711 BUSINESS PHONE: 866-331-5324 MAIL ADDRESS: STREET 1: 5210 E. WILLIAMS CIRCLE STREET 2: SUITE 750 CITY: TUCSON STATE: AZ ZIP: 85711 8-K 1 v470406_8k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

 

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 6, 2017

 

AUDIOEYE, INC.

 

DELAWARE 333-177463 20-2939845
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

 

5210 E. Williams Circle, Suite 750

Tucson, Arizona 85711

(Address of principal executive offices)

 

(866) 331-5324

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

  

 

 

 

 

Item 2.02Results of Operations and Financial Condition

 

On July 6, 2017, AudioEye, Inc. (“AudioEye” or the “Company”) issued a press release announcing preliminary results of its 2017 second quarter, ending June 30, 2017. The Company previously stated that it anticipates cash contract bookings of $4.0 million to $6.0 million for 2017.

 

AudioEye also announced its qualified new business pipeline remains in excess of $6.4 million, compared to approximately $2.3 million as of the end of the second quarter of 2016.

 

A copy of the press release is furnished herewith as Exhibit 99.1.

 

 

 

 

 

 

Item 8.01Other Events

 

On July 6, 2017, the Company stated new 2017 guidance will be provided by the company next week. A copy of the press release is furnished herewith as Exhibit 99.1.

 

Item 9.01Exhibits

 

Exhibit 99.1Press Release dated July 6, 2017.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 6, 2017   AUDIOEYE, INC.  
       
       
  By: /s/ Todd Bankofier  
    Todd Bankofier, Chief Executive Officer  

 

 

 

 

Index to Exhibits

 

Exhibit No.   Description
     
99.1   Press Release dated July 6, 2017.

 

 

 EX-99.1 2 v470406_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

AudioEye Announces $1.5 Million Preliminary 2Q Bookings, Continued Sales Momentum

TUCSON, Ariz., July 6, 2017 /PRNewswire/ -- AudioEye, Inc. (OTCQB: AEYE) ("AudioEye" or the "Company") today announced preliminary results of its 2017 second quarter, ending June 30, 2017. The Company secured quarterly cash contract bookings in excess of $1.5 million, following record cash contract bookings of $1.7 million in the first quarter. This compares to new cash contract bookings of $1.9 million for 2016.

"The second quarter demonstrated continued strong growth momentum, driving first-half cash contract bookings to more than $3.2 million on rapidly expanding demand for our digital accessibility platforms," said Todd Bankofier, CEO of AudioEye. "Following a strong first quarter in the financial services vertical, we are particularly excited to see the acceleration in our consumer and education verticals during the second quarter, as well as multiple new reference accounts with global leading brand names. We also continued to see an increased rate of inbound sales calls as companies learn about AudioEye's software driven solutions that provide the industry's fastest and most cost effective path to conformance with the Web Content Accessibility Guidelines (WCAG) 2.0 AA standards."

Additionally, the Company announced that AudioEye's qualified new business pipeline remains in excess of $6.4 million, compared to approximately $2.3 million as of the end of the second quarter of 2016. The Company previously stated that it anticipates cash contract bookings of $4.0 million to $6.0 million for 2017. New 2017 guidance will be provided by the Company, next week.

About AudioEye, Inc.
AudioEye's software enables every enterprise, from corporations to government agencies, to make their content more consumable through technology.

More accessible. More usable. More people.

AudioEye's common stock trades on the OTCQB under the symbol "AEYE." The Company maintains offices in Tucson, Atlanta and Washington, D.C. For more information about AudioEye and its online accessibility solutions, please visit https://www.audioeye.com.

Forward-Looking Statements
Any statements in this press release about AudioEye's expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are "forward-looking statements" as that term is defined under the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "should", "intend", "plan", "will", "expects", "estimates", "projects", "positioned", "strategy", "outlook" and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the risk that the Company's bookings will not increase as currently expected or at all. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Other risks are described more fully in AudioEye's filings with the Securities and Exchange Commission. Forward-looking statements reflect management's analysis as of the date of this press release and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or uncertainties after the date hereof or to reflect the occurrence of unanticipated events.

For Further information, please contact:

Matt Kreps
Darrow Associates Investor Relations
(512) 696-6401
mkreps@darrowir.com

David Kovacs
Strategic Advisor
AudioEye, Inc.
(520) 308-6143