AWRE
Aware, Inc.2.1000
+0.0000+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms pipeline acceleration, land-and-expand
Q&A largely reaffirmed prepared remarks on procurement variability and foundational progress, with no walk-backs. Management detailed federal pipeline acceleration post-government shutdown, crediting increased meetings for U.S. opportunities. They emphasized land-and-expand from evaluations to production, certifications as procurement qualifiers shrinking the competitive set, and AI as a tailwind via customer data moats. Deals go unannounced due to SEC norms and customer confidentiality. Pipeline conversion drives 2026 success. Evaluations advance steadily. Investors watch execution on pilots.
Key Stats
Market Cap
44.88MP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0%Recent Filings
8-K
CTO exits with severance
Aware's CTO Mohamed Lazzouni departed effective March 10, 2026, triggering a separation agreement with $312,490.38 in severance—12 months' salary—plus accelerated vesting of 12 months' stock awards and COBRA subsidies. He agreed not to compete through March 9, 2027, while releasing all claims against the firm. Leadership gap looms.
10-K
FY2025 results
Aware's FY2025 revenue slipped 0.6% to $17.3M from $17.4M, with software licenses down 4% to $7.3M on weaker perpetual sales, offset by 2% maintenance growth to $8.7M and SaaS jumping to $0.4M. Operating loss widened to $6.6M from $5.5M as R&D rose 7% to $8.3M on headcount gains and cost of revenue doubled to $1.3M; Q4 saw a $0.2M Anonybit write-off. Cash burn quickened to $5.4M operating outflow. Stock buybacks ended with plan expiry. Government funding delays threaten momentum.
8-K
Q4 revenue dips slightly
Aware reported Q4 2025 revenue of $4.7 million, down slightly from $4.8 million a year ago due to lower perpetual license sales, yet maintenance revenue rose $0.2 million. Full-year revenue held at $17.3 million versus $17.4 million, with net loss widening to $5.9 million from R&D investments. Cash reserves stand at $22.3 million. Procurement timing persists as a revenue drag.
10-Q
Q3 FY2025 results
Aware's Q3 revenue jumped 33% y/y to $5.1M, driven by software licenses soaring 115% y/y to $2.5M on one-time deals, while maintenance edged up 5% y/y; operating loss narrowed to $1.3M from $1.5M. YTD revenue held flat at $12.6M yet operating loss widened to $5.1M from $4.1M on higher headcount costs, with net loss at $(0.21) per share matching 21.2M diluted shares. Cash plus marketable securities stood at $22.5M, down from year-start after $6.4M operating burn; no debt. India revenue spiked to 20% of total. Stock comp fueled G&A rise. License sales fluctuate wildly.
8-K
Q3 revenue surges 33%
Aware, Inc. reported third-quarter 2025 revenue of $5.1 million, up 33% year-over-year, fueled by $1.0 million in perpetual license expansion and $0.6 million in new term contracts with existing and federal agency customers. Net loss narrowed to $1.1 million from $1.2 million last year, while adjusted EBITDA loss improved to $0.8 million. Innovations like FIDO-certified face verification and Intelligent Liveness bolstered government and financial services wins. Revenue growth signals traction, yet operating expenses rose to $6.4 million on sales investments.