AudioEye, Inc. (NASDAQ:AEYE) Q4 2023 Earnings Call Transcript

Scott Buck: Great, that’s helpful. And then on the guide, it looks like the adjusted EBITDA margin is somewhere around 12% based on the midpoints. What does the EBITDA margin look like on this business that kind of maturity, I guess?

Kelly Georgevich: Yeah, we like to see that the 17% in Q4 2023. If you look at the guide, it does put you at kind of double digits. We do expect to accelerate revenue in the second half. And so you can assume EBITDA margins would accelerate kind of at similar rates. But we do think there’s an opportunity to know the 11% in fiscal year and grow further in the second half of 2024.

Scott Buck: That’s helpful, Kelly. And then last one for me guys, just on the buyback. Stocks obviously appreciated quite a bit from where your average purchase price was to date. I’m curious how you guys are feeling about the price today.

David Moradi: It’s still pretty attractive. Can’t get into levels with you, but last I checked it was around two times revenue or so. So that’s still pretty cheap when companies are getting taken out for eight times.

Scott Buck: That’s it for me guys. I appreciate the added color and congrats on the results.

Operator: At this time, this concludes our question-and-answer session. I would like to turn the call back over to Mr. Moradi for any closing remarks. Please go ahead.

David Moradi: Thank you for joining us today. As always, I want to thank our employees, partners and investors for their continued support. We look forward to updating you on our next call.

Operator: Before we conclude today’s call, I would like to remind everyone that a recording of today’s call will be available for replay via a link available in the Investor section of the company’s website. Thank you for joining us today for AudioEye’s fourth quarter and full year 2023 earnings conference call. You may now disconnect.