Technology
Film Capacitor Market size is set to grow by USD 495.8 million from 2024-2028, Increasing adoption of EVs and HEVs to boost the market growth, Technavio
Published
2 years agoon
By
NEW YORK, July 9, 2024 /PRNewswire/ — Film capacitors are essential components widely used in various applications such as electric vehicles (EVs), hybrid electric vehicles (HEVs), smart grids, and consumer electronics. Their high reliability and efficiency make them ideal for filtering, decoupling, and energy storage purposes in electronic circuits. The global film capacitor market is poised to grow significantly, driven by the increasing adoption of EVs and HEVs, as well as the development of smart grids. However, challenges like the rise in counterfeit products need addressing to sustain this growth. Key players in the market include Cefem Group, Cornell Dubilier Electronics Inc., Panasonic Holdings Corp., and others.
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Forecast period
2024-2028
Base Year
2023
Historic Data
2018 – 2022
Segment Covered
Type (Polyester film capacitors, Polypropylene film capacitors, PTFE film capacitors, and Others), Application (AC applications and DC applications), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
Region Covered
APAC, Europe, North America, Middle East and Africa, and South America
Key companies profiled
Cefem Group, Cornell Dubilier Electronics Inc., Custom Electronics Inc., DongGuan Xuansn Electronic Tech, Electro Technik Industrtries Inc., Foshan Shunde District Sheng Ye, Hi Fi Collective Ltd., Hitachi Ltd., Icel Srl, Kyocera Corp., NICHICON Corp., Ningbo Topo Electronic Co. Ltd., Panasonic Holdings Corp., Suntan Technology Co. Ltd., TDK Corp., Vishay Intertechnology Inc., WIMA GmbH and Co. KG, Wurth Elektronik GmbH and Co. KG, XIAMEN FARATRONIC Co. Ltd., and Yageo Corp.
Key Market Trends Fueling Growth
Smart grids, electrical networks equipped with computer intelligence and network capabilities, are a significant trend in the energy industry. These grids enhance grid operation and maintenance by enabling seamless data exchange among components, including transmission lines, generators, transformers, smart meters, appliances, and renewable energy systems. Smart grids offer several benefits, such as heightened security, efficient energy transmission, integrated operations leading to low power costs, quick electricity restoration during power cuts, and reduced peak demand. Investments in smart grids have been substantial. For instance, Tantalus Systems and UtilityHawk Solutions developed an integrated smart grid communication portal, while Scotland’s Northern Isles New Energy Solutions (NINES) project demonstrated smart grids’ reliability. The EU aimed to replace 80% of energy meters with smart meters by 2020, and the US focuses on smart grid deployment. Film capacitors play a crucial role in smart grids due to their ability to adjust and stabilize voltage and frequency. They are also used as output filters for converters and offer self-healing and DC filtering capabilities. The film capacitor market is poised to expand due to technological advancements and increased adoption across various industries in the forecast period.
The Film Capacitor market is experiencing significant growth due to its widespread usage in various industries. Key insulator materials like Polypropylene, Polyethylene Terephthalate, and Polycarbonate are driving this trend. Film capacitors find extensive applications in Consumer Appliances such as Tablets, TVs, Audio devices, and Power electronics including Motor drives, Lighting systems, Charging infrastructure, Power supplies, and Renewable energy systems. In the Renewable energy sector, Film Capacitors are used in Renewable energy installations, Photovoltaic inverters, Wind turbines, and Energy efficiency standards to mitigate power losses and ensure power quality. The Information Technology industry utilizes Film Capacitors in Regulators, Energy efficiency management, and Clean energy solutions. Industrialization and Automation sectors also rely on Film Capacitors for Industrial automation, Smart grids, Grid stability, and Power factor correction. Harsh environments and temperature stability requirements are met with alternative materials like Ceramic capacitors and Aluminum electrolytic capacitors. Miniaturization is another trend, as Film Capacitors are being used in Smart home devices and various other applications.
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Market Challenges
• Counterfeit film capacitors pose a significant threat to the global market, as they violate intellectual property rights and can cause severe damage to devices, equipment, or power systems. These unauthorized replicas are often manufactured using scrap materials or reclaimed electronics, resulting in incorrect capacitance values. The consequences of using these capacitors can be harmful, leading to short circuits and even explosions. Notable companies like NICHICON and KEMET have encountered counterfeit products bearing their brand names. To mitigate this issue, vendors are urging customers to purchase film capacitors only from authorized dealers. The proliferation of counterfeit capacitors can negatively impact the film capacitor market’s growth.
• The Film Capacitor Market faces several challenges in various industries. Electric vehicles and IoT devices require advanced capacitor technology for efficient energy storage and power management. End-use sectors like AC and DC applications in kitchen appliances, televisions, fans, electric lamps, battery charging, and massive power sources need reliable and efficient capacitors. Telecommunication industry demands high-performance capacitors for electrical energy storage and transmission. Film capacitors, including paper film and plastic film types, are crucial in telecommunication, AC and DC circuits, and electrochemical processes in aluminum smelting, railways, and avionics. HVDC and power correction systems require film capacitors for efficient energy transfer. Consumer goods, hybrid electric vehicles, and electronic transportation systems rely on film capacitors for self-healing properties. Discrete capacitors, tantalum capacitors, and electrolytic capacitors are essential in various applications, such as mechanical elevations, electric devices, and lighting ballasts. Film capacitors are also used in electronic circuits, power and utilities, government and defense, and thin dielectric films like polyester. Overall, the Film Capacitor Market must address the diverse needs of these industries while ensuring cost-effectiveness and high performance.
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Segment Overview
This film capacitor market report extensively covers market segmentation by
Type 1.1 Polyester film capacitors1.2 Polypropylene film capacitors1.3 PTFE film capacitors1.4 OthersApplication 2.1 AC applications2.2 DC applicationsGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America
1.1 Polyester film capacitors- The Film Capacitor market is experiencing steady growth due to increasing demand from various industries such as telecommunications, power electronics, and renewable energy. These capacitors are essential components in electronic circuits, providing energy storage and voltage stabilization. Key players in the market include Murata Manufacturing, Panasonic, and TDK. Companies invest in research and development to improve product performance and efficiency. The market is expected to reach significant value by 2026.
For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report
Research Analysis
The Film Capacitor market encompasses a wide range of electrical components used in various industries, primarily in the fields of consumer electronics and telecommunications. These capacitors are constructed using thin plastic films as dielectrics, which provide low self-inductance and high capacitance. The manufacturing process involves metallizing the films to create electrodes, resulting in electric devices with high energy density and excellent performance. Film capacitors are essential in consumer electronics such as tablets, TVs, and audio devices, where they provide energy storage and filtering functions. In telecommunications, they are used in power amplifiers and filters for signal conditioning. The market includes various types of film capacitors, including DC, AC, power, damping, and lighting ballast capacitors. Thin dielectric films like polyester, polypropylene, polyethylene terephthalate, polycarbonate, and insulators are commonly used in their production. Additionally, film capacitors find applications in consumer appliances, hybrid electric vehicles, and power and utilities.
The Film Capacitor Market refers to the industry dedicated to the production and application of electrical capacitors utilizing thin plastic films as dielectrics. These capacitors, available as DC Film Capacitors and AC Film Capacitors, offer advantages such as low self-inductance, high stability, and efficiency in various end-use sectors. Thin dielectric films like polyester, polypropylene, polyethylene terephthalate, and polycarbonate are commonly used in manufacturing film capacitors, including nanolayer film capacitors. Film capacitors find extensive usage in consumer electronics, telecommunications, electric vehicle systems, and numerous other industries. They are integral components in consumer goods such as smartphones, laptops, electric vehicles, IoT devices, and kitchen appliances. In the telecommunication industry, they are employed in AC and DC power supplies, power correction systems, and efficient circuits. Additionally, film capacitors are essential in industrial applications, such as power and utilities, avionics, and renewable energy systems. They contribute to various applications, including electric vehicles, hybrid electric vehicles, motors, electrochemical processes, and mechanical elevations. Film capacitors are also used in lighting systems, charging infrastructure, and power supplies. Thin dielectric films, including polyester, polypropylene, polyethylene terephthalate, and polycarbonate, are employed as insulators in various applications, such as power electronics, motor drives, and lighting systems. Film capacitors are also used in lighting ballasts, electronic circuits, and damping capacitors. In summary, the Film Capacitor Market encompasses a diverse range of applications across numerous industries, including consumer electronics, telecommunications, power and utilities, avionics, and renewable energy systems. Film capacitors, utilizing thin plastic films as dielectrics, offer advantages such as high stability, low self-inductance, and efficiency, making them indispensable components in various applications.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypePolyester Film CapacitorsPolypropylene Film CapacitorsPTFE Film CapacitorsOthersApplicationAC ApplicationsDC ApplicationsGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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Technology
AudioEye Reports Record Third Quarter 2026 Results
Published
41 minutes agoon
October 26, 2026By
Third quarter GAAP net income profitability of $1 million with expectation of increased profitability in the fourth quarter
Third quarter adjusted EBITDA up 58% year over year, and the fourth quarter expected to be up 56% year over year
Sequential annualized fourth quarter revenue growth expected of approximately 20%
TUCSON, Ariz., Oct 26, 2026 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), an industry-leading digital accessibility company, reported financial results for the third quarter ended September 30, 2026.
“Starting in 2025 we set an aspirational goal of producing 30-40% annual growth over three years in adjusted EBITDA and adjusted EPS. In the second year, we are on track to exceed this goal with approximately 50% year-over-year growth while also generating GAAP profitability in the third quarter. In Q3 gross margins also improved by over 550 basis points to 83%, with an adjusted gross margin of 88%. We are increasing adjusted EBITDA guidance, and we now expect to generate over $17 million of annualized adjusted EBITDA in the fourth quarter with continued GAAP profitability. We also expect to generate significant cash going forward and recently announced a stock repurchase program of $15 million, which represents 15% of the outstanding shares at current prices,” said Kelly Georgevich, Chief Executive Officer of AudioEye. “The business is strong, and we expect annualized sequential revenue growth of approximately 20% in the fourth quarter, contributing to increased operating leverage.”
Georgevich continued, “In October, we launched two new AI products, Agentic Audits and the AudioEye SDK MCP, both powered by AudioEye Intelligence, our proprietary dataset built from more than one million human reviews over a decade. We expect that these new tools will improve our industry leading legal protection rate even further.”
Third Quarter 2026 Financial Results
Total revenue increased 7% to a record $11.0M from $10.2M in the same prior year period. During 2026, the Company has reduced its emphasis on non-recurring revenue to focus on growing Annual Recurring Revenue (“ARR”), which grew 12% in the third quarter over the same prior year period.Gross profit increased to $9.1M (83% of total revenue) from $7.9M (77% of total revenue) in the same prior year period. The increase in gross profit was driven by higher sales and efficiencies including AI use.Adjusted gross margin was 88% in the third quarter of 2026 compared to 83% in the same prior year period. Adjusted gross margin is defined as gross margin adjusted for non-cash items such as stock-based compensation and depreciation and amortization expenses in cost of revenue.Operating expenses were $7.8M, a decrease of 5% from the comparable prior year period. The decrease was primarily due to lower sales and marketing expenses as well as reduced research and development expenses driven by AI efficiencies.Net income was $1.0M, or $0.08 per diluted share, compared to a net loss of $(0.6M), or $(0.04) per diluted share, in the same prior year period. The change was primarily due to higher gross profit and lower operating expenses.Adjusted EBITDA was $3.9M, and adjusted EPS was $0.30 per diluted share, compared to adjusted EBITDA of $2.5M and adjusted EPS of $0.19 per diluted share in the same prior year period. For Q3 2026, the adjusted EBITDA and adjusted EPS results reflect adjustments primarily for stock-based compensation expense, depreciation and amortization, litigation expense, and interest expense.ARR as of September 30, 2026 increased sequentially to $43.3M from $42.3M as of June 30, 2026.At September 30, 2026 the Company had $9.3M in cash and cash equivalents.
Other Updates
On October 20, 2026, AudioEye announced that its Board of Directors authorized the repurchase of up to $15 million of the Company’s outstanding common stock through October 18, 2027. The new program replaces the Company’s prior share repurchase authorization and is expected to be funded with working capital and cash from operations.On October 8, 2026, AudioEye launched two new AI products, Agentic Audits and the AudioEye SDK MCP, both powered by AudioEye Intelligence, the Company’s proprietary accessibility dataset built from over one million human reviews across more than 100,000 sites. Agentic Audits deploy an AI agent that navigates a site the way a person would and can find up to 50% more high-severity issues than automation alone, while the SDK MCP brings AudioEye Intelligence directly into the AI coding tools developers already use.On September 30, 2026, AudioEye published research showing that leading AI coding tools failed to build accessible websites, with 91% of the issues found rated medium or high severity.On September 24, 2026, AudioEye published research showing that AI agents completed up to 68% fewer tasks and used 43% more tokens on average on inaccessible websites, demonstrating that digital accessibility is the foundation for AI readiness.On August 27, 2026, AudioEye released UK findings from its 2026 Digital Accessibility Index, which scanned over 14,400 pages across 475 UK websites and found an average of 66 accessibility issues per page, with AI search increasingly routing users to less accessible interior pages.As of September 30, 2026, AudioEye had approximately 130,000 customers, up 7,000 year-over-year from September 30, 2025, driven by increases in both the Partner and Marketplace channel and Enterprise channel.
Financial Outlook
AudioEye expects revenue of between $11.4M and $11.6M for the fourth quarter of 2026, which is expected to result in revenue of between $43.6M and $43.8M for the full year 2026. The Company expects adjusted EBITDA of between $4.2M and $4.4M for the fourth quarter of 2026, which raises expected full year 2026 adjusted EBITDA to between $13.4M and $13.6M, representing approximately 50% year-over-year growth. The Company expects adjusted EPS of between $0.32 and $0.33 per share for the fourth quarter of 2026 and at least $1.04 per share for the full year 2026.
Conference Call Information
AudioEye management will hold a conference call today, October 26, 2026, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results, followed by a question-and-answer period.
Date: Monday, October 26, 2026
Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time)
U.S. dial-in number: 877-407-8289
International number: 201-689-8341
Webcast: Q326 Webcast Link
Please call the conference telephone number 5-10 minutes prior to the start time. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.
The conference call will also be webcast live and available for replay via the investor relations section of the Company’s website. The audio recording will remain available via the investor relations section of the Company’s website for 90 days.
A telephonic replay of the conference call will also be available after 7:30 p.m. Eastern Time on the same day through November 9, 2026 via the following numbers:
Toll-free replay number: 877-660-6853
International replay number: 201-612-7415
Replay passcode: 13763375
Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
About AudioEye
AudioEye exists to ensure the digital future we build is accessible for people with disabilities and AI agents. AudioEye’s comprehensive solution for over 130,000 customers combines industry-leading AI automation technology with expert fixes informed by the disability community. This powerful combination delivers industry-leading protection against lawsuits and readiness for AI agents. With 25 US patents, AudioEye’s solution includes 24/7 accessibility monitoring, automated WCAG issue testing and fixes, expert testing, developer tools, and legal protection, empowering organizations to confidently create accessible digital experiences for all.
Forward-Looking Statements
All statements in this press release about AudioEye’s expectations, beliefs, plans, objectives, prospects, financial condition, assumptions or future events or performance are not historical facts and are “forward-looking statements” as that term is defined under the federal securities laws. Forward-looking statements are often, but not always, made through the use of words or phrases such as “believe”, “anticipate”, “should”, “confident”, “intend”, “plan”, “will”, “expects”, “estimates”, “projects”, “positioned”, “strategy”, “outlook” and similar words. You should read the statements that contain these types of words carefully. Such forward-looking statements contained herein include, but are not limited to, statements regarding future cash flows of the Company, anticipated contributions from new sales channels, long-term growth prospects, opportunities in the digital accessibility industry, our revenue, adjusted EBITDA, adjusted EPS and ARR guidance, and our expectation of investments in marketing and sales. These statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what is expressed or implied in such forward-looking statements, including the variability of AudioEye’s revenue and financial performance; sales channels and offerings; product development and technological changes; the acceptance of AudioEye’s products in the marketplace; the effectiveness of our integration efforts; competition; inherent uncertainties and costs associated with litigation; and general economic conditions. These and other risks are described more fully in AudioEye’s filings with the Securities and Exchange Commission. There may be events in the future that AudioEye is not able to predict accurately or over which AudioEye has no control. Forward-looking statements reflect management’s view as of the date of this press release, and AudioEye urges you not to place undue reliance on these forward-looking statements. AudioEye does not undertake any obligation to update such forward-looking statements to reflect events or uncertainties after the date hereof.
About Key Operating Metrics
We consider annual recurring revenue (“ARR”) as a key operating metric and a key indicator of our overall business. We also use ARR as one of the primary methods for planning and forecasting overall expectations and for evaluating, on at least a quarterly and annual basis, actual results against such expectations.
We manage customers through two primary channels, Enterprise and Partner and Marketplace. Enterprise channel consists of our larger customers and organizations, including those with non-platform custom websites, who generally engage directly with AudioEye sales personnel for custom pricing and solutions. This channel also includes federal, state and local government agencies. The Partner and Marketplace channel consists of our CMS partners, platform & agency partners, authorized resellers and our marketplace. This channel serves small and medium sized businesses who are on a partner or reseller’s web-hosting platform or who purchase an AudioEye solution from our marketplace.
We define ARR as the sum of (i) for our Enterprise channel, the total of the annualized recurring fee at the date of determination under each active contract, plus (ii) for our Partner and Marketplace channel, the annual or monthly recurring fee for all active customers at the date of determination, in each case, assuming no changes to the subscription, multiplied by 12 if applicable. Recurring fees are defined as revenues expected to be generated from services typically offered as a subscription service or annual service offering such as our automation and platform, periodic auditing, human-assisted technological fixes, legal support and professional service offerings and other services that reoccur on a multi-year contract. This determination includes both annual and monthly contracts for recurring products. Some of our contracts are terminable prior to the expected term, which may impact future ARR. ARR excludes non-recurring fees, which are defined as revenue expected to be generated from services typically not offered as a subscription service or annual service offering such as our PDF remediation services business, one-time website and mobile application reports, and other miscellaneous services that are offered as non-subscription services or are expected to be one-time in nature.
Use of Non-GAAP Financial Measures
From time to time, we review adjusted financial measures that assist us in comparing our operating performance consistently over time, as such measures remove the impact of certain items, as applicable, such as our capital structure (primarily interest charges), certain non-cash items, including stock compensation and depreciation and amortization expense, and other expenses that do not relate to our core operations, including significant transaction and litigation-related expenses and other costs that are expected to be non-recurring. In order to provide investors with greater insight and allow for a more comprehensive understanding of the information used in our financial and operational decision-making, the Company has supplemented the consolidated financial statements presented on a GAAP basis in this press release with the following non-GAAP financial measures: Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share (adjusted EPS) and Adjusted gross margin.
These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of Company results as reported under GAAP. The Company compensates for such limitations by relying primarily on our GAAP results and using non-GAAP financial measures only as supplemental data. We also provide a reconciliation of non-GAAP to GAAP measures used. Investors are encouraged to carefully review this reconciliation. In addition, because these non-GAAP measures are not measures of financial performance under GAAP and are susceptible to varying calculations, these measures, as defined by us, may differ from and may not be comparable to similarly titled measures used by other companies.
Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings (Loss) per Diluted Share
We define: (i) Adjusted EBITDA as net income (loss), plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing; (ii) Adjusted EBITDA margin as Adjusted EBITDA as a percentage of GAAP revenue; and (iii) Adjusted earnings (loss) per diluted share (EPS) as net income (loss) per diluted common share, plus interest expense, plus depreciation and amortization expense, plus stock-based compensation expense, less change in fair value of contingent consideration, plus certain litigation expense, plus certain acquisition expense, plus certain severance expense, plus loss on disposal or impairment of long-lived assets, plus loss on extinguishment of debt, and plus lost deposit on alternative financing, each on a per share basis. Adjusted earnings per diluted share includes incremental shares in the share count that are considered anti-dilutive in a GAAP net loss position.
Adjusted Gross Margin
We define Adjusted gross margin as gross profit, plus stock-based compensation expense and depreciation and amortization expense allocated to cost of revenue, expressed as a percentage of total revenue.
Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin are used to facilitate a comparison of our operating performance on a consistent basis from period to period and provide for a more complete understanding of factors and trends affecting our business than GAAP measures alone. All of the items adjusted in these calculations are either recurring non-cash items or items that management does not consider in assessing our ongoing operating performance. In the case of the non-cash items, such as stock-based compensation expense and valuation adjustments to assets and liabilities, management believes that investors may find it useful to assess our comparative operating performance because the measures without such items are expected to be less susceptible to variances in actual performance resulting from expenses that do not relate to our core operations and are more reflective of other factors that affect operating performance. In the case of items that do not relate to our core operations, management believes that investors may find it useful to assess our operating performance if the measures are presented without these items because their financial impact does not reflect ongoing operating performance.
Adjusted EBITDA is not a measure of liquidity under GAAP, or otherwise, and is not an alternative to cash flow from continuing operating activities, despite the advantages regarding the use and analysis of these measures as mentioned above. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted earnings (loss) per diluted share, and Adjusted gross margin, as disclosed in this press release, have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our results as reported under GAAP; nor are these measures intended to be measures of liquidity or free cash flow.
To properly and prudently evaluate our business, we encourage readers to review the consolidated GAAP financial statements included in this press release and not rely on any single financial measure to evaluate our business. Reconciliations of Adjusted EBITDA to net income (loss), the most directly comparable GAAP-based measure, Adjusted earnings (loss) per diluted share to net income (loss) per diluted share, the most directly comparable GAAP-based measure, and Adjusted gross margin to gross margin, the most directly comparable GAAP-based measure are provided in tables later in this press release. We strongly urge readers to review these reconciliations, along with the financial statements included in this press release.
Forward-Looking Non-GAAP Financial Measures
This press release and statements made in our conference call today also include the forward-looking non-GAAP financial measures of adjusted EBITDA, adjusted EBITDA margin, adjusted EPS and free cash flow guidance for the fourth quarter and full year 2026. We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. We have not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures.
Investor Contact:
Tom Colton
Gateway Group, Inc.
AEYE@gateway-grp.com
949-574-3860
AUDIOEYE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
Three months ended September 30,
Nine months ended September 30,
(in thousands, except per share data)
2026
2025
2026
2025
Revenue
$
10,963
$
10,227
$
32,232
$
29,817
Cost of revenue
1,871
2,312
6,439
6,545
Gross profit
9,092
7,915
25,793
23,272
Operating expenses:
Selling and marketing
3,304
3,649
10,806
11,169
Research and development
889
1,118
2,848
3,471
General and administrative
3,644
3,506
13,365
10,998
Change in fair value of contingent consideration
—
(40)
—
(1,350)
Total operating expenses
7,837
8,233
27,019
24,288
Operating income (loss)
1,255
(318)
(1,226)
(1,016)
Other expense:
Interest expense, net
(265)
(236)
(763)
(709)
Loss on extinguishment of debt
—
—
—
(300)
Total other expense
(265)
(236)
(763)
(1,009)
Net income (loss)
$
990
$
(554)
$
(1,989)
$
(2,025)
Net income (loss) per common share – basic
$
0.08
$
(0.04)
$
(0.16)
$
(0.16)
Net income (loss) per common share – diluted
$
0.08
$
(0.04)
$
(0.16)
$
(0.16)
Weighted average common shares outstanding – basic
12,583
12,414
12,512
12,417
Weighted average common shares outstanding – diluted
12,971
12,414
12,512
12,417
AUDIOEYE, INC.
CONSOLIDATED BALANCE SHEETS
(unaudited)
September 30,
December 31,
(in thousands, except per share data)
2026
2025
ASSETS
Current assets:
Cash and cash equivalents
$
9,327
$
5,288
Accounts receivable, net
5,772
6,557
Prepaid expenses and other current assets
878
777
Total current assets
15,977
12,622
Property and equipment, net
105
146
Right of use assets
297
168
Intangible assets, net
10,826
12,515
Goodwill
6,682
6,682
Other
41
97
Total assets
$
33,928
$
32,230
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses
$
3,442
$
4,851
Operating lease liabilities
57
218
Deferred revenue
8,350
8,619
Contingent consideration
300
225
Term loan, current
850
503
Total current liabilities
12,999
14,416
Long term liabilities:
Term loan, net
15,380
12,479
Operating lease liabilities
254
—
Deferred revenue
81
5
Contingent consideration, long term
—
300
Other
138
226
Total liabilities
28,852
27,426
Stockholders’ equity:
Preferred stock, $0.00001 par value, 10,000 shares authorized
Common stock, $0.00001 par value, 50,000 shares authorized, 12,676 and 12,383 shares
issued and outstanding as of September 30, 2026 and December 31, 2025, respectively
1
1
Additional paid-in capital
110,937
108,201
Accumulated deficit
(105,862)
(103,398)
Total stockholders’ equity
5,076
4,804
Total liabilities and stockholders’ equity
$
33,928
$
32,230
AUDIOEYE, INC.
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
(unaudited)
Three months ended September 30,
Nine months ended September 30,
(in thousands, except per share data)
2026
2025
2026
2025
Adjusted EBITDA Reconciliation
Net income (loss) (GAAP)
$
990
$
(554)
$
(1,989)
$
(2,025)
Change in fair value of contingent consideration
—
(40)
—
(1,350)
Interest expense, net
265
236
763
709
Stock-based compensation expense
1,191
1,281
3,678
3,693
Acquisition expense (1)
21
—
123
33
Litigation expense (2)
492
607
3,398
1,936
Severance expense (3)
—
—
344
304
Lost deposit on alternative financing
—
—
—
50
Depreciation and amortization
927
918
2,901
2,581
Loss on disposal or impairment of long-lived assets
—
5
5
61
Loss on extinguishment of debt
—
—
—
300
Adjusted EBITDA
$
3,886
$
2,453
$
9,223
$
6,292
GAAP Net income (loss) as a percent of revenue
9
%
(5)
%
(6)
%
(7)
%
Adjusted EBITDA margin (4)
35
%
24
%
29
%
21
%
Adjusted Earnings per Diluted Share Reconciliation
Net income (loss) per common share (GAAP) — diluted
$
0.08
$
(0.04)
$
(0.16)
$
(0.16)
Change in fair value of contingent consideration
—
—
—
(0.10)
Interest expense, net
0.02
0.02
0.06
0.06
Stock-based compensation expense
0.09
0.10
0.29
0.29
Acquisition expense (1)
—
—
0.01
—
Litigation expense (2)
0.04
0.05
0.26
0.16
Severance expense (3)
—
—
0.03
0.02
Lost deposit on alternative financing
—
—
—
—
Depreciation and amortization
0.07
0.07
0.23
0.20
Loss on disposal or impairment of long-lived assets
—
—
—
—
Loss on extinguishment of debt
—
—
—
0.02
Adjusted earnings per diluted share (5)
$
0.30
$
0.19
$
0.72
$
0.50
Diluted weighted average shares (GAAP)
12,971
12,414
12,512
12,417
Includable incremental shares (Non-GAAP) (5)
—
229
348
174
Adjusted diluted shares (Non-GAAP)
12,971
12,643
12,860
12,591
(1)
Represents professional fees incurred in connection with acquisitions and dissolutions.
(2)
Represents legal expenses related primarily to non-recurring litigation.
(3)
Represents severance expense for an employee from a previously acquired business and for employees impacted by a reduction in force in 2026.
(4)
Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of GAAP revenue.
(5)
Adjusted earnings per adjusted diluted share for our common stock is computed using the treasury stock method.
AUDIOEYE, INC.
RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES
(unaudited)
Three months ended September 30,
Nine months ended September 30,
(in thousands)
2026
2025
2026
2025
Adjusted Gross Margin Reconciliation
Revenue
$
10,963
$
10,227
$
32,232
$
29,817
Less: Cost of revenue
1,871
2,312
6,439
6,545
Gross profit (GAAP)
$
9,092
$
7,915
$
25,793
$
23,272
Gross margin (GAAP)
83
%
77
%
80
%
78
%
Add expenses included in cost of revenue:
Depreciation and amortization
$
466
$
494
$
1,458
$
1,432
Stock-based compensation
56
61
202
198
Adjusted gross profit (non-GAAP)
$
9,614
$
8,470
$
27,453
$
24,902
Adjusted gross margin (non-GAAP)
88
%
83
%
85
%
84
%
View original content to download multimedia:https://www.prnewswire.com/news-releases/audioeye-reports-record-third-quarter-2026-results-302919827.html
SOURCE AudioEye, Inc.
Technology
Lingbo to Showcase Intelligent Electric Drive Systems and Powertrain Solutions at EICMA 2026
Published
42 minutes agoon
October 26, 2026By
MILAN, Oct. 26, 2026 /PRNewswire/ — Wuxi Lingbo Electronic Technology Co., Ltd. (Lingbo), a China-based developer and manufacturer of intelligent electric drive systems, will participate in EICMA 2026, held November 3–8, 2026, at Fiera Milano Rho, Italy. At Hall 18, Booth E53, Lingbo will showcase its motor control technologies and integrated powertrain solutions to European manufacturers, distributors and industry partners.
Lingbo develops motor controllers, electric motors, battery management systems (BMS) and integrated powertrain solutions for electric two-wheelers and light electric vehicles. Combining in-house hardware and software development, the company provides electric drive solutions for manufacturers with different vehicle configurations and performance requirements. Built around proprietary field-oriented control (FOC) algorithms, Lingbo’s motor controllers are designed for smooth torque delivery, responsive acceleration and low operating noise. The solutions support regenerative braking, closed-loop torque control and CAN bus communication, enabling integration across electric motorcycles, off-road electric motorcycles, light electric vehicles and electric three-wheelers.
Beyond individual components, Lingbo offers integrated hardware and software solutions, supporting customized powertrain development and vehicle integration. Its in-house R&D capabilities and experience serving international two-wheeler brands support collaboration with manufacturers seeking electric drive technologies.
Through EICMA 2026, Lingbo aims to strengthen its presence in Europe and connect with OEMs, distributors and technology partners to explore product development, technical collaboration and regional distribution opportunities. “Europe is an important market for Lingbo. EICMA provides an opportunity to introduce our technologies and connect with manufacturers seeking reliable electric drive solutions,” said Julian Xu, Senior Overseas Marketing Manager at Lingbo.
About Lingbo
Wuxi Lingbo Electronic Technology Co., Ltd. focuses on the research, development and manufacturing of core components for new energy transportation vehicles. Its main products include intelligent controllers (PDU/VCU), brushless DC motors (BLDCM), permanent magnet synchronous motors (PMSM), BMS, and instruments, which are widely used across applications including electric two-wheelers, shared mobility, water transportation, and special vehicles. The company integrated intelligent safety functions such as TCS and steep slope descent control.
Industry professionals are invited to visit Hall 18, Booth E53, from November 3–8, 2026, to explore Lingbo’s technologies and discuss potential partnerships.
Website : https://www.lbelectronic.com/
Business Inquiries: julianxu@lingbomc.com
Media Contact: maozenan@lingbomc.com
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/lingbo-to-showcase-intelligent-electric-drive-systems-and-powertrain-solutions-at-eicma-2026-302919836.html
Technology
Robo.ai Inc. Announces Results of Extraordinary General Meeting
Published
42 minutes agoon
October 26, 2026By
DUBAI, UAE, Oct. 26, 2026 /PRNewswire/ — Robo.ai Inc. (Nasdaq: AIIO) (the “Company”), a UAE-based, U.S.-listed company, today announced that each of the proposed resolutions submitted for shareholder approval as set forth in the notice of extraordinary general meeting of shareholders dated October 16, 2026 has been adopted at its extraordinary general meeting of shareholders held in Dubai, United Arab Emirates today.
After the adoption of the proposed resolutions, the seventh amended and restated memorandum and articles of association are adopted. Following the effectiveness of the share consolidation and increase in authorized share capital on November 6, 2026, (i) the Company’s authorized share capital will be US$19,250,000 divided into 385,000,000 shares, comprising 35,000,000 Class A ordinary shares with a par value of US$0.05 per share, and 350,000,000 Class B ordinary shares with a par value of US$0.05 per share, and (ii) the Company’s issued and outstanding shares will comprise 552,700 Class A ordinary shares with a par value of US$0.05 and 8,894,680 Class B ordinary shares with a par value of US$0.05. All fractional shares resulting from the reverse stock split will be disregarded and not be issued to the shareholders of the Company but all such fractional shares will be aggregated and, if possible, sold and distributed to the underlying shareholders as per latest decision of the board of directors of the Company.
About Robo.ai Inc.
Robo.ai Inc. (Nasdaq: AIIO), headquartered in Dubai, United Arab Emirates, is a Nasdaq-listed technology group building intelligent infrastructure across four platforms: artificial intelligence; robotics and smart mobility; advanced manufacturing; and digital assets and capital. Its industrial group, Alif Holding, is dedicated to building intelligent industries through the development, integration and manufacturing of AI systems, serving government, public sector and mission-critical domains. Through its subsidiary Neurovia AI, the Company develops AI software and visual data infrastructure. Quantum Core Capital (“QC Capital”), its AI-powered deep-tech holding and venture-building platform, incubates, invests in and operates businesses across artificial intelligence, robotics, digital infrastructure and the next-generation digital economy.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Robo.ai may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about Robo.ai’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Robo.ai’s strategies, future business development, and financial condition and results of operations; Robo.ai’s limited operating history in its current business; Robo.ai’s ability to generate positive cash flow and profits; Robo.ai’s ability to compete successfully; Robo.ai’s ability to build its brand and withstand negative publicity; and changes in customer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Robo.ai’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Robo.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
For investors:
Robo.ai Inc. Investor Relations
E-mail: ir@roboai.group
For media:
Robo.ai Inc. Corporate Communications
E-mail: pr@roboai.group
Website: www.roboai.group
View original content to download multimedia:https://www.prnewswire.com/news-releases/roboai-inc-announces-results-of-extraordinary-general-meeting-302919698.html
SOURCE Robo.ai Inc.
AudioEye Reports Record Third Quarter 2026 Results
Lingbo to Showcase Intelligent Electric Drive Systems and Powertrain Solutions at EICMA 2026
Robo.ai Inc. Announces Results of Extraordinary General Meeting
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