AudioEye falls after wider Q4 loss, weak annual revenue forecast

Shares of IT services firm AudioEye AEYE.O fall 11.2% to $11.29

Co late on Wednesday reported Q4 net loss of $1.5 million, compared to a loss of $0.5 million in the previous year

AEYE expects annual revenue in the range of $41 million to $42 million

Analysts, on average, expect annual revenue of $42.16 million, according to data compiled by LSEG

Co posted Q4 revenue of $9.7 million, meeting analysts' expectation

AEYE up 38.8% in the past 12 months