Connect with us

Technology

AudioEye Acquires ADA Site Compliance, a Digital Accessibility Compliance Company

Published

on

Announces Accretive Acquisition of ADA Site Compliance and Increases Revenue and Adjusted EBITDA Guidance

TUCSON, Ariz., Sept. 30, 2024 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), the industry-leading digital accessibility company, today announced it has acquired ADA Site Compliance, an ADA website accessibility compliance solution that provides audits and best practices to help organizations create websites that are accessible and compliant to WCAG standards.

“ADA Site Compliance has an impressive client list and a talented team with which we see synergy,” said David Moradi, CEO of AudioEye. “Scott has built a strong business where we believe we can leverage our products to expand customer relationships further. Our goal is to replicate the success we had integrating our 2022 acquisition of the Bureau of Internet Accessibility, where we materially deepened customer relationships and increased ARR.”

“I’ve been in the digital accessibility industry for eight years and have watched AudioEye emerge as a leading platform after significant investment into their product suite and people. After evaluating all options, I realized that combining with AudioEye is the best solution for our customers. AudioEye’s unique approach of using AI automation and human-assisted technology is an extremely effective way to solve digital accessibility at scale, which is why they have such a robust customer base,” said Scott Trachtenberg, Founder and CEO of ADA Site Compliance. “I look forward to working closely with David and the executive team at AudioEye and am excited to embark on this new adventure.”

Financial Outlook

Based on strong organic results in the quarter, AudioEye is increasing its guidance to the upper end of the range previously provided. For the third quarter of 2024, management expects to generate revenue between $8.9 million and $8.95 million, adjusted EBITDA between $1.925 million and $1.95 million, and adjusted EPS between $0.15 and $0.16.

AudioEye is increasing its full-year 2024 revenue guidance to between $35.15 million and $35.25 million, adjusted EBITDA between $6.3 million and $6.45 million, and adjusted EPS between $0.51 and $0.53.

The acquisition of ADA Site Compliance is expected to be accretive in the fourth quarter.

Management expects to achieve the ‘Rule of 40’ in the third quarter of 2024 (using sequential annualized revenue growth in the third quarter). Looking ahead to 2025, management is excited about core business momentum and the platform, which unlocks the potential for additional, similarly accretive “tuck-in” acquisitions.

About AudioEye
AudioEye exists to ensure the digital future we build is inclusive. By combining the latest AI automation technology with guidance from certified experts and direct input from the disability community, AudioEye helps ensure businesses of all sizes — including over 122,000 customers like Samsung, Calvin Klein, and Samsonite — are accessible and usable. Holding 23 US patents, AudioEye helps companies solve every aspect of digital accessibility with flexible approaches that best meet their needs. The comprehensive solution includes 24/7 accessibility monitoring, automated accessibility fixes, expert testing, developer tools, and industry-leading legal protection.

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. Forward-looking statements are often, but not always, made through the use of words or phrases such as “believe”, “anticipate”, “should”, “confident”, “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 contained herein include, but are not limited to, statements regarding future cash flows of the Company and ADA Site Compliance, anticipated contributions from sales generated by the Company or ADA, our expectation that the ADA acquisition will be accretive and synergistic, our ability to integrate ADA into our business and replicate the success we had integrating our 2022 acquisition of the Bureau of Internet Accessibility, our ability to deepen our relationships with ADA customers and increase ARR, our long-term growth prospects, opportunities in the digital accessibility industry, our revenue, adjusted EBITDA and adjusted EPS guidance, our expectation to achieve the ‘Rule of 40’ in the third quarter of 2024, and our expectation of investments in marketing and sales and acquisitions of accretive businesses. These 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 variability of AudioEye’s revenue and financial performance; product development and technological changes; the acceptance of AudioEye’s products in the marketplace; the effectiveness of our integration efforts, including our ability to integrate ADA and expand our relationships with ADA customers; competition; inherent uncertainties and costs associated with litigation; and general economic conditions. These and other risks are described more fully in AudioEye’s filings with the Securities and Exchange Commission. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Forward-looking statements reflect management’s view 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 update such forward-looking statements to reflect events or uncertainties after the date hereof. Information regarding AudioEye’s non-GAAP financial measures, including adjusted EBITDA and adjusted earnings per share, is available in its earnings release furnished as Exhibit 99.1 to its Form 8-K filed with the Securities and Exchange Commission on July 25, 2024. A reconciliation of the forecasted range for adjusted EBITDA and adjusted EPS for the third quarter of 2024 and full-year 2024 are not included in this press release because AudioEye is currently unable to quantify accurately certain amounts that would be required to be included in the U.S. GAAP measure or the individual adjustments for such reconciliation.

Media Contact
Sierra Thomas
AudioEye PR
sierra.thomas@audioeye.com 

Investor Contact
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/audioeye-acquires-ada-site-compliance-a-digital-accessibility-compliance-company-302262067.html

SOURCE AudioEye, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

The Price is Right Live™ is going on sale Friday, Oct 4, 2024 for the SPRING 2025 Tour

Published

on

By

Over 60 venues will play host to The Price is Right Live™ interactive stage show this Spring, with more to come! Tickets will go on sale Friday, Oct 4 at 9am (EST) at https://priceisrightlive.com

BOULDER CITY, Nev., Sept. 30, 2024 /PRNewswire-PRWeb/ — The Price is Right Live™ is going on sale Friday, Oct 4, 2024 for the SPRING 2025 Tour Over 60 venues will play host to The Price is Right Live™ interactive stage show this Spring, with more to come!

Tickets will go on sale Friday, Oct 4 at 9am (EST) at https://priceisrightlive.com

THE PRICE IS RIGHT LIVE™ is making its way across America in a live, interactive stage show this spring. “Come on Down” and be a part of this family friendly stage show (non-televised) offering fans a chance to make dreams come true and relive feelings of nostalgia, while experiencing the same thrilling excitement of winning big, up close, locally and in-person.

THE PRICE IS RIGHT LIVE™ will be performing at over 60 venues starting on January 9, 2025 giving randomly selected contestants a chance to play everyone’s favorite games like Plinko™, Cliffhangers™, The Big Wheel™ and even the fabulous Showcase. The show features an array of fantastic prizes, from appliances and electronics to dream vacations and even a brand-new car. Lucky audience members can even win prizes right from their seat.

Special packages will be available for those who consider themselves a Superfan of America’s legendary Game Show; including special gifts, seating and even the chance to spin The Big Wheel™. Check our website for details and packages available.

Playing to packed houses for more than 20 years, THE PRICE IS RIGHT LIVE™ has entertained millions of guests and given away more than 15 million dollars in cash and prizes. If you’re a fan of “The Price Is Right”™ on TV, you’ll no doubt love this exciting, live (non-televised), on-stage version of the show!

EVENT: The Price is Right Live!™

TICKETS ON SALE: Friday, October 4

DATES: Jan 9 to April 5, 2025

DATE CITY, STATE VENUE SHOWTIME

09-Jan-25 Sydney, NS Centre 200 7:00 PM

11-Jan-25 Moncton, NB Casino New Brunswick 7:30 PM

12-Jan-25 Moncton, NB Casino New Brunswick 2:00 PM

16-Jan-25 Niagara Falls, ON Fallsview Casino Resort 8:30 PM

17-Jan-25 Niagara Falls, ON Fallsview Casino Resort 9:00 PM

18-Jan-25 Niagara Falls, ON Fallsview Casino Resort 9:00 PM

19-Jan-25 Niagara Falls, ON Fallsview Casino Resort 3:00 PM

21-Jan-25 Frederick, MD Weinberg Center for the Arts 7:00 PM

22-Jan-25 Reading, PA Santander Performing Arts Center 7:30 PM

23-Jan-25 Johnstown, PA 1st Summit Arena 7:30 PM

25-Jan-25 Verona, NY Turning Stone Resort & Casino 3:00 PM

25-Jan-25 Verona, NY Turning Stone Resort & Casino 8:00 PM

29-Jan-25 Poughkeepsie, NY Mid Hudson Civic Center 7:30 PM

30-Jan-25 Rutland, VT Paramount Theatre 7:30 PM

31-Jan-25 Kingston, RI Ryan Center 7:00 PM

01-Feb-25 Wallingford, CT Toyota Oakdale Theatre 7:30 PM

02-Feb-25 Glenside, PA Keswick Theatre 7:00 PM

06-Feb-25 Louisville, KY Louisville Palace Theatre 7:30 PM

07-Feb-25 Bloomington, IN Indiana University Auditorium 7:30 PM

08-Feb-25 Hammond, IN Horseshoe Hammond Casino 3:00 PM

08-Feb-25 Hammond, IN Horseshoe Hammond Casino 8:00 PM

11-Feb-25 Elkhart, IN Lerner Theatre 7:30 PM

12-Feb-25 Detroit, MI Fox Theatre 7:00 PM

13-Feb-25 Corbin, KY Corbin Arena 7:30 PM

16-Feb-25 Bristol, VA Hard Rock Casino Bristol COMING SOON

18-Feb-25 Jonesboro, AR First National Bank Arena 7:30 PM

19-Feb-25 Baton Rouge, LA Baton Rouge River Center Theatre 7:30 PM

20-Feb-25 Corpus Christi, TX American Bank Center 7:30 PM

21-Feb-25 Waco, TX Extraco Events Center 7:30 PM

22-Feb-25 Texarkana, TX Perot Theatre 3:00 PM

22-Feb-25 Texarkana, TX Perot Theatre 7:00 PM

23-Feb-25 Kansas City, MO Midland Theatre 7:30 PM

25-Feb-25 Waukee, IA Vibrant Music Hall 7:30 PM

26-Feb-25 Duluth, MN DECC Symphony Hall 7:30 PM

27-Feb-25 Prior Lake, MN Mystic Lake Casino Hotel 8:00 PM

28-Feb-25 Prior Lake, MN Mystic Lake Casino Hotel 8:00 PM

01-Mar-25 Prior Lake, MN Mystic Lake Casino Hotel 3:00 PM

01-Mar-25 Prior Lake, MN Mystic Lake Casino Hotel 8:00 PM

02-Mar-25 Prior Lake, MN Mystic Lake Casino Hotel 3:00 PM

04-Mar-25 Bismarck, ND Bismarck Event Center 7:30 PM

05-Mar-25 Grand Forks, ND Chester Fritz Auditorium 7:30 PM

07-Mar-25 Denver, CO Paramount Theatre 7:00 PM

08-Mar-25 Albuquerque, NM Route 66 Casino Hotel 4:00 PM

08-Mar-25 Albuquerque, NM Route 66 Casino Hotel 8:00 PM

09-Mar-25 El Paso, TX The Plaza Theatre COMING SOON

11-Mar-25 Abilene, TX Abilene Convention Center 7:30 PM

12-Mar-25 Beaumont, TX Ford Park 7:30 PM

14-Mar-25 Amarillo, TX Amarillo Civic Center Complex 7:30 PM

16-Mar-25 San Antonio, TX Tobin Center for the Performing Arts 7:30 PM

21-Mar-25 Brooks, CA Cache Creek Casino Resorter 9:00 PM

22-Mar-25 Brooks, CA Cache Creek Casino Resorter 8:00 PM

23-Mar-25 Brooks, CA Cache Creek Casino Resorter 4:00 PM

25-Mar-25 Boise, ID Boise State University COMING SOON

26-Mar-25 Salt Lake City, UT Eccles Theater 7:30 PM

28-Mar-25 Indio, CA Fantasy Springs Casino 8:00 PM

29-Mar-25 El Cajon, CA Sycuan Casino Resort COMING SOON

03-Apr-25 Arlington, WA Angel Of The Winds Casino Resort MATINEE

03-Apr-25 Arlington, WA Angel Of The Winds Casino Resort EVENING

04-Apr-25 Airway Heights, WA Northern Quest Resort & Casino COMING SOON

05-Apr-25 Airway Heights, WA Northern Quest Resort & Casino COMING SOON

For more information, follow The Price Is Right Live™ on Facebook (https://www.facebook.com/priceisrightlive), Twitter (https://twitter.com/TPIRLIVE) & Instagram (https://www.instagram.com/priceisrightlive/).

Media Contact

Laura Pyzer, PyTown Marketing, 1 7022905592, laura@pytownmarketing.com, http://pytownmarketing.com/

View original content:https://www.prweb.com/releases/the-price-is-right-live-is-going-on-sale-friday-oct-4-2024-for-the-spring-2025-tour-302262167.html

SOURCE The Price is Right Live

Continue Reading

Technology

How an Iraqi Youngster Made a Chinese Small Town Famous: The Story of Ejina

Published

on

By

Guanghua Review from cctv.com Relates the Story Behind the Viral Travel Vlogger and His Hit Series on #ChinaTravel

ALXA LEAGUE, China, Sept. 30, 2024 /PRNewswire/ — China’s influencer economy has opened up a new way of life for foreigners residing in the country, giving them opportunities to explore Chinese cuisine, travel, and culture from fresh perspectives. This trend has struck a chord with Chinese fans of the influencers, fueling the popularity of #ChinaTravel. One prime example is “Lao Wang in China“, an Iraqi food vlogger whose social media presence has attracted over 20 million followers. Recently, Lao Wang guest-starred on CCTV digital media’s Beauty in China, embarking on a live-streamed cultural journey in Ejina Banner, Alxa League, Inner Mongolia Autonomous Region.

As expected, it was a hit. Ejina, as a travel destination, garnered massive traffic and discussion on both official and social media platforms, further boosting Lao Wang’s popularity among Chinese audiences.

Beauty in China is a live-streaming digital media program that explores the natural and cultural landscape and brings daily life experiences to viewers. Lao Wang and fellow journalists act as local tour guides and cultural experience officers, offering immersive experiences on platforms like Weibo, WeChat Channels, and Douyin, the Chinese version of TikTok. From tasting local specialties in the Ejina Populus Euphratica Forest to exploring the vibrant nightlife in a historic neighborhood, Lao Wang’s unique collaboration with Chinese media has allowed viewers from China and beyond to rediscover this small town in northwest China.

 

As a seasoned travel vlogger, Lao Wang showcased his culinary expertise in the program. He shared his first impression of the Inner Mongolian breakfast, commenting, “Once tasted, it’s unforgettable.” He sampled various Ejina delicacies in the Populus Euphratica forest, including milk tea, milk skin, dried camel meat, and camel yogurt, constantly praising each dish. He also revealed, “Every place I visit deeply resonates with me. I want to document each day of my extraordinary life and share the kind, authentic China with my hometown.”

The table filled with unique camel delicacies highlighted Ejina’s camel industry. Dubbed “China’s Camel Town”, Ejina Banner boasts a modern camel processing facility that produces nearly 2 tons of camel milk each day, according to local media reports. A range of camel-related by-products has also been developed, including dried camel meat, camel meat and sand onion pies, braised camel ribs, butterfly-shaped camel hoof dishes, and camel yogurt.

Trailing behind CCTV’s cameras and following Lao Wang’s lead, Ejina has rightly earned its place in the limelight. The captivating destination not only includes the ancient city of Heishui, buried beneath the sands, but also showcases majestic Populus Euphratica trees that proudly pierce through the desert vistas. Juyan Lake truly embodies the poetic imagery from an ancient Chinese verse: “The evening sun and a lonely wild duck fly together, while the autumn water reflects the hues of the sky.” Lao Wang found himself deeply moved by the warmth and hospitality of the Inner Mongolians, coupled with the delightful camel-infused delicacies they offered.

The program featuring a foreign young man’s journey through breathtaking landscapes and exquisite cuisine in collaboration with leading Chinese media has sparked lively discussions across social media platforms. It has also given countless local followers a fresh perspective of their hometown, which has now gone viral. Eager to showcase their pride, they have rallied behind the young man, exclaiming, “Welcome all to the enchanting Ejina!”

Photo – https://mma.prnewswire.com/media/2519102/Photo_1.jpg
Photo – https://mma.prnewswire.com/media/2519103/Photo_2.jpg

View original content:https://www.prnewswire.co.uk/news-releases/how-an-iraqi-youngster-made-a-chinese-small-town-famous-the-story-of-ejina-302262570.html

Continue Reading

Technology

CobbleStone Software Offers Rapattoni Corporation a Powerful Solution for Their Contract Management Needs

Published

on

By

Read on to get an insight on how Rapattoni Corporation transformed its contract management processes by implementing CobbleStone Contract Insight.

PRINCETON, N.J., Sept. 30, 2024 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – shares a real story on how a large organization took its contract management to new levels after incorporating CobbleStone Contract Insight®.

“Our case studies serve as testimonials of real clients that have experienced a significant transformation within their CLM processes by using the industry-leading tools and features that CobbleStone Contract Insight offers,” – Bradford Jones, VP of Sales & Marketing at CobbleStone

Rapattoni Corporation is an application service provider that specializes in software and services for the real estate industry. For over five decades, Rapattoni Corporation has been providing quality software and services for real estate associations.

As with any continuously evolving organization, Rapattoni Corporation required software that could keep up with its growth. While looking for a change from their previous CLM software provider, Rapattoni discovered CobbleStone Software. Thus, it started a journey that led to streamlined processes, powerful AI-backed features, and scalability to grow with the company.

Some features that stood out to Rapattoni that can scale with organization growth include ad-hoc reports, dashboards, report designer, workflows, and document templates.

According to Rapattoni’s Mackenzie M., since implementing CobbleStone Contract Insight, “We have been able to simplify several of our processes, and we have been able to provide more detailed information to our executive team about what is going on in the sales pipeline with less employee time.”

Click here to read the complete case study. 

“Assisting organizations in enhancing their CLM processes is exciting. Our case studies serve as testimonials of real clients that have experienced a significant transformation within their CLM processes by using the industry-leading tools and features that CobbleStone Contract Insight offers,” says Bradford Jones, VP of Sales and Marketing at CobbleStone Software.

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:

> LinkedIn
> X
> Facebook
> YouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Simran Bains, CobbleStone Software, 866-330-0056, Marketing@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/

Twitter

View original content to download multimedia:https://www.prweb.com/releases/cobblestone-software-offers-rapattoni-corporation-a-powerful-solution-for-their-contract-management-needs-302258418.html

SOURCE CobbleStone Software

Continue Reading

Trending