Hello, and welcome to the AudioEye Business Update Call. Today’s call is being recorded and will be available for playback. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator instructions]. I like to remind all participants, that statements made by AudioEye management during the course of this conference call, that are not historical facts are considered to be forward-looking statements and are subject to risks and uncertainties. The Private Securities Litigation Reform Act of 1995, provides a Safe Harbor for such forward-looking statements. The words, believe, expect anticipate, estimate, will, and other similar statements of expectation identify forward-looking statements. Forward-looking statements are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements. These risks and uncertainties are detailed in the AudioEye public filings with the U.S. Securities and Exchange Commission. Participants on this call are caution not to place under reliance on these forward-looking statements, which reflect management's release only as of the date hereof. The Company undertakes no obligation to public release results of any revisions to as forward-looking statements, which may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of our unanticipated events. I would now like to turn the conference over to Dr. Carr Bettis, Executive Chairman of AudioEye. Dr. Bettis, please go ahead.

Thanks everyone for being here today, I am joined by Todd Bankofier, our CEO and also Sean Bradley our CTO. Brevity is not the goal, but trying to provide you a thorough update is, so I think you expect to hear us talking 2025 minutes here, giving an update before we go to Q&A. So, the purpose today is to provide an update on our business progress, after publishing our year end 2017 results and talk about continued progress so far in the first quarter of 2018. AudioEye’s growth has resulted in a record revenue in 2017 of 2.7 million. That’s up a 176% year-over-year. Bookings by the way were up even more gaining 232% to 6.3 million in ‘17. And we are pretty excited because we believe this sets us up for very solid 2018, expecting another year of triple-digit revenue growth rate and double-digit bookings growth. We previously had already announced our outlook for ‘18 and we’ll say it again today. We are expecting revenue between 6.5 million and 7.5 million and bookings to come in between 11 million and 12 million on the year in 2018. I mean these means, when you look at our growth rate, it certainly sound aggressive but I’ll say our targets last year sounded aggressive too when we announced them. And I ensure you this team is going to work really, really hard to hit these targets that we are talking about. And we do think the demand for industry-leading accessibility platform is growing quickly. And I will talk to you about why we think it’s growing quickly. There are a couple of factors out there right now that we like in terms of the market dynamics that we are serving. We can potentially make an enterprise level site completely and fully…

Thanks, Carr. Hello to everyone on the call today. You may have picked up on the enthusiasm from Carr’s voice, how we all feel here at AudioEye right now. And I can’t tell you how exciting it is to go to work every day, making an impact on the world in a very socially meaningful way, that’s probably first and foremost all of the employees here at this Company feel so compel to address this major issue in the world and it just gives us a better every morning and so we’re just think for that. But signing new customer agreements and working with the best team ever is really a great realization each day here now at AudioEye and we are strive to that and we’re working on new strategies in a variety of ways to keep as growing the business and again by solving real challenges that affect a very large and significant population of the world, the 15% of content users in the world that find themselves with a disability that affects their ability to use digital content. So, I am going to dive right in and address that, what I call the partnership strategy that Carr mentioned earlier since it's become a huge part of the growth going forward here in 2018. Back in 2015 and 2016 we were largely selling direct as you know, and which meant we had high touch with our perspective customers, but it was limiting and expensive way to sell software as a service. So, in fact last year at this time, we highlighted the three sales new hires on our call, because, the direct approach will still the approach that we are using, and we are enthusiastic about that, but little did we know how rapidly this new partnership strategy…

Thanks, Todd. Definitely, invigorating to listen to this breakdown as he provided at this morning, to hear our recent achievements. It’s wonderful to hear and I can assure everyone on this call that the enthusiasm from 2017 has rolled into 2018 and our optimism has really carried forward as we look ahead to the coming quarters. We are very, very proud of our technological achievements and I couldn’t be more excited about the many innovation projects that the team is working on. Before we get into the reads a little bit, I wanted to just touch on a few key points which further eliminate some of what’s behind our recent success. For one, if you look at some of the longer standing competitors in our space, a few of them have a sizable customer base. But it’s a customer base that’s taking a considerable amount of time to accumulate and in some cases, we are talking multiple decades. Having just recently caught our stride over the past 18 to 24 months or so, having brought to market a practical and cost effective technological solution, we believe we stand to not only catch up to the competition and to the customers but definitely potentially surpass them as well. And indeed, our customers are looking for one-time test and report of the accessibility violations and general web health. These are clients that are adopting and embracing our year-over-year subscription service offering meaning they are essentially looking to AudioEye as their long-term trusted solution partner, and certainly this set us apart. I am also very excited about our recent success in attaining some of our hard profile validation of our technology first approach. This has been evidenced in a number of ways including our direct engagement with The Office for Civil Rights, that’s…

Hey John, thank you. And thanks John and Todd. Our enthusiasm has led us to talk for 30 minutes about what we are excited about. So again, with quite a bit of detail. So, it may have brought us some questions. We'll open up the call now for your questions.

Yes, thank you. [Operator instructions]. And the first question comes from Charles [indiscernible] a private investor.

Terrific, terrific call, you know you’re one of the finest management teams I've seen in the microcap space. And congratulations on what you've done. I have two quick questions here, first of all about the penetration. I mean you've got 600 accounts and you said you’d 25,000 potential accounts with your partners. That’s a stunning opportunity. How realistic is it to get a fairly decent share of those customers? And then the second thing is with all this potential and with all this growth, what’s happening on the capital side with respect to computers and infrastructure. You guys are going to have to build data centers to run this or is there some other way of handling it?

Thanks so much. Well, I will take the first one Charles and thank you for coming to the call. This is Todd. Specific to the number of customers that our partners have on their CMS platforms, we engaged in the banking CMS partnerships with two partners last year and we saw those grow tremendously. And as the better their sales team became at selling the product and having people understand it, the faster it grew and then as more and more banks started to come on board, it’s just sort of spiraled because they talk to each other, they all understand what they need for accessibility. And so, we are starting to see that as well in our newer partners that we brought on board in the fourth quarter of last year. So, it takes a little time, I would be completely honest about that, it takes a little time. We got to train the sales team, we got to get them equipped to understand and explain that to their customer base as well. But based on how well it went in the banking industry we see the same type of growth in other verticals that I mentioned, education obviously, state and local government. The retail organizations are going to come on board really fast. I feel like that’s going to be something. So, there are 25,000 worldwide customers, I don’t want to put a percentage on it but I feel really comfortable in where we are going with this strategy and it takes just a little bit time for obviously for the process to unveil and the sales cycle to unfold. And so, we feel good about the 2018 as it relates today we have. Sean I am going to let you manage the question as it relates to what we need to do from an infrastructure standpoint to scale our business.

Yes, thank you Charles for the question. It’s truly amazing what you can do in working with solutions like Amazon Web Services which is really the backbone in infrastructure for all our offering, our cloud-based offering. For example, we are able to throttle server capacity and server processing capabilities to meet the needs of the business on an hourly basis. So, for example we can throttle up during peak usage and then throttle back down. So, we are constantly gaining the cost associated with our infrastructure and all the things that we are doing with Amazon. We are also leveraging other cloud tools through Microsoft and Azure Solutions. So, it’s really testament to the knowledge of our team and their expertise in kind of facilitating these cloud-based services that we offer our customers and because of the magical things you are able to do now through these solutions providers like Amazon, it’s very cost effective. And we are really very comfortable with our ability to keep those costs at bay and have a full understanding of what it looks like as we scale and be able to scale on a dime. So very, very proud of our team to have this expertise and be able to continue to integrate very scalable solution for our customers.

[Operator Instructions]. Okay. As there is nothing else at the present time, this does conclude the question-and-answer session as well as the conference. Thank you for attending today’s presentation. You may now disconnect.

Thanks, everyone.