Earnings Labs

AudioEye, Inc. (AEYE)

Q1 2016 Earnings Call· Tue, Apr 5, 2016

$7.26

+1.54%

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Transcript

Executives

Management

Dr. Carr Bettis - Executive Chairman Todd Bankofier - CEO Sean Bradley - Co-founder, President and CTO Sandy Purcell - Audit Committee Chair

Operator

Operator

Good afternoon, and welcome to the AudioEye shareholder call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note this event is being recorded. Some of the information to be discussed on the call today is forward-looking. As such it is inherently uncertain and subject to risks and uncertainties. We encourage you to review the risks identified in the Annual Report on Form 10-K, press releases and other filings. I would now like to turn the conference over to Dr. Carr Bettis, Executive Chairman of AudioEye. Please go ahead, sir.

Dr. Carr Bettis

Analyst

Hey thanks to -- thanks Lauren and thanks everyone for being here today. I'm pleased to be doing the call today and certainly, it's a lot of more fun than the call we had about a year ago. We're going to have discussion today about some progress. I have Todd Bankofier who is our CEO, with me here is Sean Bradley, the Cofounder and President and CTO is also here, and Sandy thank you for joining us, Sandy Purcell our Audit Committee Chair has joined us telephonically, thank you Sandy. So first of let's talk a little bit about what we've accomplished during the past year. It's pretty evident by reading the 8-Ks and the press release today and the past few over the last month or a few weeks that we're making some progress on the core business and the road we have travelled to, to get where we're today has not been an easy one. The road we're going to travel going forward is going to still require effective sales, service, business operations obviously requires product excellence and continued shareholder support and stakeholder support. So in a few minutes I am going to have Todd, Todd Bankofier the CEO speak about our sales results, our value proposition and the market opportunity that we have with AudioEye. Sean is going to come talk a little bit later about our IP and our technology progress that we've made, why we believe in short why we believe we have some strong and good competitive advantages in the market. But in short, we're a B2B tech company. We offer a cloud-based solution and tools that are going to greatly increase the accessibility of digital content. And we are unaware of any other single solution out there that improves accessibility to the extent…

Todd Bankofier

Analyst

Thank you so much Carr, I appreciate that this morning. Coming into this year the Company has done such a tremendous amount of hard work and laid the groundwork for making ourselves successful going forward. A lot of that credit goes to Carr himself and the Board of Directors for making the very-very hard decisions they had to make last year. And really riding the shift they say. So let me start my remarks by giving you what is the new AudioEye value proposition. Any public or private enterprise with digital content or a Web site can partner with our Company under five tenants we call them; first one being to uphold the mission of inclusion and accessibility for the 5% to 10% of the population who are denied full access to the Internet or digital content; two, we focus on increasing the return on investments by improving market penetration, brand reputation and brand loyalty; three, we ensure that we hit the standards with the world’s content accessibility guidelines 2.0 AA compliant standards. We maintained those throughout the life of the subscription; four, deploying a cost effective managed service that is scalable with little and no project management; and five, lastly, we consistently know through our analytics that 3% to 7% of our client customers utilize our patented technology to access Web sites and digital content and they stay twice as long as others who come to a site and don’t use the technology. That’s our new value proposition. And as Carr said, we are a business to business technology Company, and we have built a leading edge technology that is low cost, easy to install, secure, all inclusive, makes your digital content compliant with international and U.S. standards and directly addresses the issue of accessibility for 5% to 10%…

Sean Bradley

Analyst

Thanks Todd. First of I want to take a moment to recognize the hard work of each member of the organization since last having the opportunity to address our shareholders in this format, the Company has taken many steps to move the Company forward. Under the leadership of our Chairman and also our CEO we have all embraced the mantra it takes the privilege and I am proud to say that each member of the team has been and remain deeply committed to making AudioEye a truly successful technology company not only as a place people enjoy coming to work a place with endless promise and possibilities for making the world a better place, but also a company that delivers value to our customers and of course to our shareholders. Today I believe categorically that AudioEye is a trusted technology leader in our field. Our technology goal has been to build the most inclusive solution possible and we're doing just that. It's not just about the noble goal of meeting the needs of individuals with diverse-abilities or even making our clients compliant with internationally accepted Web accessibility guidelines or the ADA, it's what delivering the best and most inclusive solution one that makes access to digital content better for people with a broad range of disabilities. In short, we believe that AudioEye is the only solution that addresses the issue Web accessibility in a truly holistic manner. During the past year, we have not only enhanced the capabilities of our flagship Ally plus and developed report of products in order to increase their universality, but we also continue to expand our product offering. I'm excited to announce that we are releasing a beta version of our voice solutions, so on top of our player and reader utilities our first of…

Dr. Carr Bettis

Analyst

Thanks Sean. By the way, Sean, it's worth noting, Sean is the only remaining member of the executive team from a year ago and he is one special guy. I think his passion for the technology and the direction that he’s working with the team in Atlanta is pretty evident just from listening to him from a -- and while we’re talking about special people, before we open it for questions, I want to point a couple of things out. I’ve already mentioned and thanked shareholders and employees for their loyalty and for employees for rolling up their sleeves here and it's been mentioned a couple of times. We’ve done a lot of work and I want to recognize the couple of advisory board member of folks as well. David Kovacs, he’s been a strategic consultant and advisor to me, he’s been really extremely helpful. Strategically he’s also someone that some of you may have had a chance to talk to in speaking with shareholders. He’s has been a really valuable asset. Joyce Bender, he’s from Bender Consulting, is a relationship that we really do appreciate and value. She has worked for over 35 years in various capacities on this important issue around accessibility. She’s got held numerous leadership positions and has been recognized many-many times for a contribution. So we’re really I’ll just say we’re engaged with her, not just a first and flop down on a Web site just got a nice name. I mean this is somebody that we care about, who is a believer in what we do in AudioEye. And we’re the small tech company and sometimes when I sit here working hard in my role over the past year, I step back a little bit because we really have an incredible board and I…

Operator

Operator

Dr. Carr Bettis

Analyst

Well, thank you everyone for coming. There’ll be a recorded transcript available, so we really appreciate it all of you that have joined us today. Thanks for your time and thanks for your support.

Operator

Operator

The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.