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AudioEye Acquires ADA Site Compliance, a Digital Accessibility Compliance Company

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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

 

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SOURCE AudioEye, Inc.

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Audacity Capital Launches New Trading Dashboard and Expands Funding Programs for Traders

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The new dashboard offers real-time updates, advanced trading stats, and user-friendly features, while flexible funding models provide traders with capital and growth opportunities.

LONDON, Sept. 30, 2024 /PRNewswire-PRWeb/ — Audacity Capital, a proprietary trading firm, has introduced its new trading dashboard aimed at providing traders with real-time updates and a user-friendly interface. The dashboard equips traders with tools to efficiently manage their accounts, track performance, and streamline their trading activities. In addition to this update, Audacity Capital continues to offer funding models designed to support traders by providing access to capital, helping them trade without the usual financial limitations.

Audacity Capital offers two main funding programs: the Ability Challenge and the Funded Trader Program. The Ability Challenge is a structured evaluation program that allows traders to showcase their skills in a demo environment. Successful participants who meet the required performance metrics gain access to live capital and receive up to 90% of the profits. Additionally, traders who pass the challenge are refunded their participation fee. The Funded Trader Program provides instant access to live capital without the need for a demo or evaluation. In this program, traders keep up to 80% of their profits and receive payouts each time they reach the profit target.

Both funding models offer account scaling, allowing traders to grow their accounts over time, with a maximum capital allocation of $2 million. This enables traders to increase their potential returns as they demonstrate consistent success.

New Trading Dashboard Features

Audacity Capital’s newly introduced dashboard offers a wide range of features that are designed to improve the trader’s experience. Key features include real-time synchronization with trading platforms, a comprehensive suite of advanced trading stats, and an easy-to-navigate user interface. Traders can track their progress, monitor performance, and manage their assets all in one place. The dashboard also features a real-time leaderboard that allows traders to view top performers and fosters a competitive trading environment.

Other useful features include integrated wallet management for better control over earnings, customizable light and dark modes for personalized user experience, and an economic calendar to keep traders updated on key market events. The platform also simplifies the affiliate referral process, enabling traders to manage commissions and referrals directly from their dashboard.

Free Trial Period for New Traders

Audacity Capital offers a free trial period for new traders interested in exploring its platform and services. During this trial, traders can experience the benefits of the new trading dashboard, access educational resources, and engage with a supportive trading community without any financial commitment.

Audacity Capital’s Ongoing Commitment

Audacity Capital remains focused on providing traders with the tools, funding, and support they need to thrive. The launch of the new trading dashboard coupled with the enhanced funding models underscores the firm’s commitment to advancing traders’ capabilities in the competitive world of Forex trading and day trading.

For more information, contact Audacity Capital at:
Email: support@audacitycapital.co.uk
Phone: +44 20 8050 1985

About Audacity Capital
Established in 2012, Audacity Capital stands as one of the best prop firms, supporting a global community of traders.The firm is recognized for its comprehensive funding programs and professional training, having assisted over 150,000 traders in reaching their financial goals. With a focus on providing resources and opportunities, Audacity Capital continues to help traders succeed in the financial markets. For more information, visit Audacity Capital.

Media Contact

Audacity Capital Team, Audacity Capital, +44 20 8050 1985, support@audacitycapital.co.uk, https://www.audacitycapital.co.uk/

View original content to download multimedia:https://www.prweb.com/releases/audacity-capital-launches-new-trading-dashboard-and-expands-funding-programs-for-traders-302262508.html

SOURCE Audacity Capital

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asTech® Driven by Repairify Welcomes New Chief Revenue Officer and Senior Vice President of Marketing

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PLANO, Texas, Sept. 30, 2024 /PRNewswire/ — Repairify, the global leader in remote diagnostics, calibrations, programming, and automotive intelligence for the collision and mechanical repair industries, announced today the addition of two key executives to its leadership team: Mike Gugino as chief revenue officer and Kennedy Taylor as senior vice president of marketing.

Mike Gugino joins asTech® bringing a distinguished background across the military, investment banking, and technology sectors. Mike has a proven track record in driving business outcomes and strategic growth. Before joining asTech, he served as head of international operations and strategy at Axon (NASDAQ: AXON), where he managed a global sales force and oversaw business operations, sales enablement, and strategic partnerships across more than 30 countries. His career also includes eight years in investment banking with Evercore Partners and J.P. Morgan, focusing on M&A transactions and capital raising in both the industrial technology and automotive sectors. 

Additionally, Mike served six years in the Army as an Airborne Ranger and captain in military intelligence, completing two tours of duty to Afghanistan in support of Operation Enduring Freedom. He holds a B.S. in international history from the United States Military Academy at West Point and an MBA from Columbia Business School.

Kennedy Taylor brings over a decade of marketing expertise to her new role as senior vice president of marketing. Kennedy has a strong track record in developing and executing innovative marketing strategies that drive growth and enhance brand recognition. Her career highlights include leading rebranding initiatives, digital marketing transformations, and successful product launches across various industries. Notably, Kennedy has been a keynote speaker for Google on two occasions, sharing her insights on marketing trends and strategies with a global audience. She holds a degree in media communications with a minor in marketing and advertising from the University of Washington and is renowned for her exceptional skills in brand development, project management, and cross-functional collaboration.

“The addition of Mike Gugino and Kennedy Taylor to the asTech executive leadership team marks a significant step forward for the company,” said Craig Edmonds, president of asTech. “Mike’s extensive experience in driving revenue growth and strategic partnerships will be instrumental as we expand our market presence and continue to deliver exceptional value to our clients. Kennedy brings a wealth of marketing proficiency and innovative thinking that will elevate our brand and enhance our outreach. Together, they will play a crucial role in advancing our mission to provide cutting-edge diagnostic and calibration solutions and superior service.”

About asTech®, Driven by Repairify
asTech® is the leading provider of remote diagnostic solutions and services to the collision industry. asTech® provides cutting‐edge, expert diagnostics using authentic OEM tools to provide safe and accurate repairs. asTech® provides remote diagnostics using its patented devices and access to ASE- and I-CAR-certified technicians who service many trouble codes remotely and provide real‐time assistance to shop technicians at the vehicle when needed. asTech® also offers mobile repair, key replacement, and calibration services. asTech® is based in Plano, Texas. For more information, please visit asTech.com

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SOURCE Repairify, Inc.

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World’s first computer-themed playground to open in Helsinki – children learn about technology through play

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HELSINKI, Sept. 30, 2024 /PRNewswire/ — What is thought to be the world’s first computer-themed playground will be inaugurated on 1 October 2024 in the Ruoholahti district of Helsinki. The playground is designed by children’s author Linda Liukas together with the landscape architecture office Näkymä Oy. In the new playground, children can get to know the world of computers and programming through play, and without digital devices. Helsinki is investing in the wellbeing of children, and the city was recently recognised by UNICEF as a Child Friendly City.

“It’s exciting to design a playground for children, for whom play often means a computer game instead of a sandbox. The new playground offers something new for this generation. In the digital world, children are users, but in the playground, they are creators. I hope that Ruoholahti Playground will become an attractive place for children of many ages, where they can also learn about technology while playing,” says Linda Liukas, the head designer of the playground. Linda Liukas is known for her Hello Ruby story books, which teach coding to children.

The new bespoke playground equipment includes, for example, a computer tower, keyboard stairs and a sandbox in the shape of a game console controller. In the playground, children can create their own TikTok dances or learn to write their name using binary numbers – without phones. Educational material for visiting groups has been created for the playground that combines colouring pictures, tasks, technology games and audio contents. The material can be downloaded free of charge from the playground’s website. The playground’s unique equipment has been made by award-winning Danish playground equipment manufacturer Monstrum.

Designer Linda Liukas is happy for the new playground. Photo: Leena Karppinen, Helsinki Partners

Wishes of users taken into account in the design of the playground

The new playground has been designed in close collaboration with pedagogical experts. Users of the playground in the neighbourhood, local children, and educators were also consulted.

For the playground’s lighting, special attention was paid to the changing seasons, as Helsinki’s playgrounds are heavily used even in the dark winter and rainy autumn. In Finland, playgrounds are used in all weathers and all year round. The green areas in the new playground include a diversity and pollinator-themed educational planting area with information boards.

Computer-theme suites especially well to Ruoholahti, as it is home to many international ICT companies. Photo: Sakari Röyskö, City of Helsinki

Recognised by UNICEF as a Child Friendly City, Helsinki Celebrates 110 Years of Playgrounds

Helsinki is the first Nordic capital to be recognised by UNICEF as a Child Friendly City. The recognition is awarded to cities whose activities and development work promote the implementation of the UN Convention on the Rights of the Child.

“As recently outlined in our new architecture programme, we are committed to recognising the important role of architecture and landscape design in creating good urban life. Fostering child-friendly design is a key part of this work, and the Ruoholahti playground is a great example of what can be done,” says Chief Design Officer Hanna Harris.

The history of playgrounds in Helsinki stretches back 110 years. The decision to locate the new computer-themed playground in Ruoholahti was made because the area is home to many international ICT companies and an old Nokia factory that today functions as a cultural centre. In this way, children get to know the world that surrounds them in a new way.

When selecting the location of future theme playgrounds, the character of the neighbourhood is taken into account along with convenient public transport connections. Helsinki’s playgrounds offer a variety of activities, from family activities in the morning to club activities for school children in the afternoon, as well as free meals offered to everyone under the age of 16 in summertime. Helsinki’s playgrounds are open to everyone, and both locals and visitors, children and adults, are welcome to play there.

More information: 
Leena Karppinen 
Senior Manager, PR & Communications 
Helsinki Partners 
leena.karppinen@helsinkipartners.com 

Linda Liukas

Linda Liukas is an author, illustrator and educator from Helsinki, Finland. With her Hello Ruby children’s picture book series and philosophy, she brings a Nordic playful perspective to the sometimes serious world of computer science. Translated into nearly 40 languages, Hello Ruby books ask: what else is there to technology education than “Learn to code”? If computer code is the Lego block of our time – a tool of creation – how do we teach curiosity, joy, and wonder to our kids? http://lindaliukas.com/

Playgrounds

Helsinki has a city-wide network of around 60 year-round playgrounds that offer a wide range of services to residents of different ages in their local neighbourhoods. Playgrounds that are open to all, free of charge and professionally managed are, to this extent, a uniquely Helsinki phenomenon, the result of 110 years of ambitious development work. Read more: https://www.hel.fi/en/childhood-and-education/playgrounds-and-family-houses

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/helsinki-partners/r/world-s-first-computer-themed-playground-to-open-in-helsinki—children-learn-about-technology-throu,c4044802

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