AudioEye, Inc. announced a leadership transition that will take effect immediately, appointing former chief financial officer Kelly Georgevich as chief executive officer and founder David Moradi as executive chairman of the board and chief product officer. The move follows Moradi’s long‑time service as acting chief product officer and Georgevich’s tenure as CFO, and is intended to strengthen the company’s product strategy and accelerate growth under Georgevich’s executive stewardship.
The announcement comes on the heels of a strong Q4 2025 earnings report in which AudioEye beat expectations, reporting earnings per share of $0.22 versus the consensus estimate of $0.21 and revenue of $10.5 million versus the expected $10.48 million. The EPS beat of $0.01 was driven by disciplined cost management and a favorable product mix that increased the contribution of higher‑margin subscription services. Revenue growth was supported by a 1.3 million dollar increase in net‑new annual recurring revenue, reflecting the company’s continued success in converting one‑time engagements into recurring contracts.
AudioEye’s financial health has improved markedly over the past few years. The company has achieved sequential revenue growth for 41 consecutive quarters, and its adjusted EBITDA margins have approached 30%—a dramatic turnaround from the low gross margins and negative operating margins that characterized the business in 2019. The company now serves more than 127,000 customers and holds 26 U.S. patents, underscoring its market leadership in digital accessibility solutions.
In a statement, Moradi said, "I've worked closely with Kelly for almost five years, which has been a period of strong revenue growth, advances in product, and improvements in profitability." He added, "I'm excited to be able to focus on expanding AudioEye's market further by utilizing AI to not only grow our market opportunity in accessibility but to expand into additional markets to leverage our large customer base." Georgevich echoed the sentiment, stating, "I'm excited to lead our next phase of growth, operational rigor, and innovation. We look forward to reporting record results next week and continued operating leverage."
Lead independent director Jamil Tahir highlighted the company’s transformation, noting, "David has completely transformed AudioEye from a fledgling software company into a market leader in digital accessibility. When David and I joined in 2019, AudioEye had low gross margins, highly negative operating margins, negative cash flow, and a product in need of improvement. Today, AudioEye's revenues have nearly quadrupled, with adjusted EBITDA margins approaching 30% and an industry‑leading product." Tahir added, "Additionally, AudioEye has experienced sequential revenue growth for 41 straight quarters, a significant feat that we are unaware of any current public software company achieving."
Analysts have adjusted their outlooks in light of the leadership change and the company’s recent performance. While the Q4 earnings beat was welcomed, several analysts lowered price targets, citing a slower growth outlook for 2026 and a shift toward building annual recurring revenue. The company’s focus on AI and market expansion is viewed as a strategic pivot that could drive future growth, but uncertainty around AI’s impact and the need to sustain high margins remain key headwinds.
The leadership transition signals a strategic emphasis on leveraging AI to expand market reach while maintaining operational rigor. With Moradi stepping into a strategic role and Georgevich taking the helm, AudioEye is positioned to capitalize on its strong historical growth trajectory and robust margin profile, while addressing the challenges of a more competitive accessibility market and the evolving regulatory landscape.
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