AWARE INC /MA/ (AWRE) Company Report

Aware, Inc. (AWRE) reported Q3 2025 revenue of $5.1 million, a 33% year-over-year increase, primarily driven by a $1 million perpetual license expansion sale and a $600,000 new term license contract.
The company improved its Q3 2025 bottom line, reporting a net loss of $1.1 million ($0.05 per diluted share) and an Adjusted EBITDA loss of $800,000, both improvements compared to the prior year quarter. Aware ended the quarter with $22.5 million in cash, cash equivalents, and marketable securities and no debt.
Aware is executing a three-pronged transformation strategy focused on advancing core biometric technology, strengthening its go-to-market model, and deepening strategic relationships, highlighted by its face verification stack earning FIDO Alliance certification.
Management noted that near-term quarterly results may fluctuate due to the timing of customer decisions and license mix, and that the federal shutdown has slowed appropriations, potentially delaying some federal programs into FY2026.

Oct 29, 2025, 9:00 PM

Aware, Inc. Reports Strong Q3 2025 Revenue Growth and Improved Net Loss

AWRE

Earnings

Product Launch

Revenue Acceleration/Inflection

Aware, Inc. reported Q3 2025 revenue of $5.1 million, representing a 33% increase year-over-year.
The company's net loss improved to $1.1 million, or $(0.05) per diluted share, in Q3 2025, compared to a net loss of $1.2 million, or $(0.06) per diluted share, in the prior year period. Adjusted EBITDA loss also improved to $0.8 million from $1.1 million year-over-year.
For the nine months ended September 30, 2025, revenue was $12.6 million, with a net loss of $4.4 million or $(0.21) per diluted share.
Operationally, Aware achieved FIDO Alliance Certification for Face Verification in October and launched Intelligent Liveness, expanding engagement with a major U.S. federal agency and adding a new financial services customer.
As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $22.5 million.

Oct 29, 2025, 8:14 PM

Aware Reports Third Quarter and Nine-Month 2025 Financial Results

AWRE

Earnings

Revenue Acceleration/Inflection

Product Launch

Aware, Inc. reported third quarter 2025 revenue of $5.1 million, representing a 33% year-over-year increase.
The company's net loss improved to $1.1 million and Adjusted EBITDA loss improved to $0.8 million for the third quarter of 2025, compared to $1.2 million and $1.1 million respectively in the prior year period.
For the nine months ended September 30, 2025, revenue was $12.6 million, while net loss totaled $4.4 million.
Key operational highlights include achieving FIDO Alliance Certification for Face Verification and launching Intelligent Liveness.

Oct 29, 2025, 8:00 PM

Aware Reports Q4 and Full Year 2024 Results, Anticipates 2025 Revenue Headwinds

AWRE

Earnings

Guidance Update

CEO Change

**Aware (AWRE) reported Q4 2024 total revenue increased 10% to $4.8 million, driven by a $1 million one-time license sale to a European government. ** However, full-year 2024 total revenue decreased to $17.4 million from $18.2 million in 2023, primarily due to lower software license revenue. Full-year recurring revenue grew 9% to $12 million, making up 69% of total revenue, though it missed the double-digit growth goal.
**Operating expenses were significantly reduced, with Q4 2024 operating expenses down 29% to $6.3 million and full-year operating expenses decreasing 14% to $22.9 million. ** The company ended 2024 with $27.8 million in cash, cash equivalents, and marketable securities.
**New CEO Ajay Amlani, who joined 30 days prior to the call, outlined strategic priorities focused on deepening partnerships, advancing technological innovation, and scaling sustainably. ** He anticipates revenue headwinds throughout 2025 as the company refines its go-to-market strategy, with a focus on laying the groundwork for sustainable growth beginning in 2026. Amlani demonstrated his confidence by purchasing 205,000 shares (just under 1% of the company) before joining.

Mar 5, 2025, 10:00 PM

Aware Reports Q4 and Full-Year 2024 Results, New CEO Outlines 2025 Strategy

AWRE

Earnings

Management Change

Guidance Update

Aware reported Q4 2024 total revenue of $4.8 million, a 10% increase year-over-year, largely driven by a $1 million one-time license sale to a European government. Full-year 2024 total revenue was $17.4 million, a decrease from the prior year, while recurring revenue grew 9% to $12 million, representing 69% of total revenue.
The company anticipates revenue headwinds throughout 2025 as it refines its go-to-market strategy, with a focus on strengthening its foundation for sustainable growth beginning in 2026.
Operating expenses were significantly reduced, with Q4 2024 expenses down 29% to $6.3 million and full-year expenses down 14% to $22.9 million, contributing to improved operating and net losses.
New CEO Ajay Amlani, who joined 30 days prior to the call, has invested in the company, purchasing 205,000 shares (just under 1%) to align with shareholders.