AMSTERDAM, June 16, 2025 (GLOBE NEWSWIRE) -- Identity Week Europe -- Aware, Inc. (NASDAQ: AWRE), a leader in global biometric authentication, was recognized as an industry Luminary in Core Identity Technology in the Prism Project’s Deepfake and Synthetic Identity Report. In addition, Aware today announced further innovations to its Awareness Platform, delivering improvements in both face matching performance and mobile face capture reliability for a frictionless experience. The Deepfake and Synthetic Identi ...

Results Underscore the Strength of Aware Approach to Combating Fraud Without User FrictionLAS VEGAS, June 03, 2025 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading global biometric authentication company, announced today that it achieved best-in-class performance in the U.S. Department of Homeland Security’s (DHS) Remote Identity Validation Technology Demonstration (RIVTD), specifically excelling with passive liveness detection in Track 3: presentation attack detection (PAD). Led by the DHS Science ...

New Executive Appointment Signals Continued Commitment to Accelerate Growth Lona Therrien Chief Marketing Officer, Aware, Inc. BURLINGTON, Mass., May 19, 2025 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading global biometric authentication company, today announces Lona Therrien as its new Chief Marketing Officer (CMO). With over 15 years of experience driving growth in the cybersecurity industry, Therrien will lead the company’s global marketing strategy and operations. Therrien brings a proven ...

Core Insights - Aware, Inc. (AWRE) experienced a 4.7% decline in share price following its earnings report for the year ended March 31, 2025, contrasting with a 2.3% gain in the S&P 500 Index during the same period [1] - The company reported total revenues of $3.6 million for Q1 2025, an 18.4% decrease from $4.4 million in the same quarter last year, primarily due to a 38.7% drop in software license sales [2] - A net loss of $1.6 million was recorded for Q1 2025, widening from a loss of $0.9 million a year earlier, with net loss per diluted share increasing to $0.08 from $0.05 [3] Revenue and Profitability - Recurring revenues fell 14.7% to $2.7 million from $3.1 million year-over-year, influenced by the timing of license renewals [2] - Operating expenses decreased by 3.9% to $5.5 million, yet the operating loss expanded to $1.9 million from $1.3 million in the prior year [4] - Cash, cash equivalents, and marketable securities totaled $24.8 million at the end of the quarter, down from $27.8 million at the end of 2024 [4] Segment Performance - Software maintenance revenue remained stable at $2.2 million, while software subscriptions dropped 46.1% to $0.5 million [5] - Non-recurring software license revenue decreased by 32.4%, whereas service-related revenue increased by 21.9% [5] Management Strategy - CEO Ajay Amlani described the quarter as transitional, focusing on long-term scalable growth and realigning the go-to-market strategy [6] - The company is engaging with Fortune 500 firms for biometric solutions aimed at identity verification and fraud prevention [6][7] - CFO David Traverse indicated that 2025 is a foundational year, with strategic changes expected to show more impact in 2026 [10] Leadership Changes - Key leadership changes were made, including the appointment of Brian Krause as Chief Revenue Officer and Gary Evee as chairman of the board, reflecting a commitment to a disciplined commercialization strategy [11]

Revenue Performance - Revenue for Q1 2025 was $3.6 million, a decrease of 18% from $4.4 million in Q1 2024, with an operating loss of $1.9 million compared to a loss of $1.3 million in the prior year [72]. - Software license revenue decreased by 39% from $2.1 million in Q1 2024 to $1.3 million in Q1 2025, representing 36% of total revenue, down from 49% [75]. - Software maintenance revenue remained stable at $2.2 million for both Q1 2025 and Q1 2024, increasing its share of total revenue from 49% to 60% [78]. Cost Management - Total engineering costs decreased by 12% from $2.3 million in Q1 2024 to $2.0 million in Q1 2025, with engineering costs as a percentage of total revenue rising from 52% to 56% [87]. - Selling and marketing expenses decreased by 12% from $1.9 million in Q1 2024 to $1.7 million in Q1 2025, but increased as a percentage of total revenue from 43% to 46% [90]. - General and administrative expenses increased by 22% from $1.3 million in Q1 2024 to $1.6 million in Q1 2025, rising from 30% to 45% of total revenue [94]. Financial Position - Cash, cash equivalents, and marketable securities totaled $24.8 million as of March 31, 2025, a decrease of $3.0 million from December 31, 2024, primarily due to $2.9 million used in operating activities [100]. - Interest income remained stable at $0.3 million for both Q1 2025 and Q1 2024, but is expected to decrease slightly for the remainder of 2025 [96]. Strategic Initiatives - The company anticipates an increase in engineering expenses in 2025 to support strategic product development initiatives [88]. - The company plans to backfill key positions and increase selling and marketing expenses to capitalize on market opportunities [92].

Aware (AWRE) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Ajay K. Amlani - President & CEODavid Traverse - CFOBrian Krause - Chief Revenue Officer Operator And welcome to Ware's First Quarter twenty twenty five Conference Call. Joining us today are the company's CEO and President, A. J. Amlani CFO, David Traverse and CRO, Brian Krause. Following their remarks, we will open the call to questions. If you would to submit a question, you can do so at any time using the built in Ask a Qu ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $3.6 million, down from $4.4 million in Q1 2024, primarily due to lower software license sales [14] - Recurring revenue decreased to $2.7 million from $3.1 million in the prior year, attributed to the timing of subscription term license renewals [15] - Operating expenses were reduced to $5.5 million, down 5% from $5.7 million in Q1 2024 [15] - GAAP net loss was $1.6 million or $0.08 per diluted share, compared to a net loss of $1 million or $0.05 per diluted share in Q1 2024 [15] - Adjusted EBITDA loss for the quarter was $1.5 million, compared to a loss of $1 million in the prior year [16] Business Line Data and Key Metrics Changes - The company is focusing on deepening strategic partnerships and has realigned its go-to-market model to prioritize high-impact customers and sectors [8] - Active conversations are ongoing with several Fortune 500 companies, indicating a shift in engagement and potential revenue opportunities [8][30] Market Data and Key Metrics Changes - There is strong interest in biometric solutions across various sectors, including financial services, healthcare, and e-commerce, as enterprises recognize the need for secure identity verification [30] - The U.S. Federal government's commitment to biometric modernization remains strong, providing a significant market opportunity [21][38] Company Strategy and Development Direction - The company is undergoing a strategic transformation with a focus on durable, scalable growth and a streamlined go-to-market strategy [6] - Key strategic priorities include deepening partnerships, advancing core technology, and scaling the business sustainably [7] - The Awareness platform is being developed to offer an open, flexible architecture that differentiates the company from competitors [35][36] Management's Comments on Operating Environment and Future Outlook - Management views 2025 as a foundational year for the company, with expectations of building momentum heading into the second half of the year [13][40] - The leadership team is confident in the strategic groundwork laid, which positions the company for leadership in the biometrics industry [26] Other Important Information - The company has strengthened its leadership team, appointing a new Chief Revenue Officer and a chairman with extensive experience in cybersecurity [9][10] - The brand has been revitalized, focusing on modernizing its presence and increasing visibility in key markets [12][25] Q&A Session Summary Question: Will Aware continue to pursue growth in annual recurring revenues via sales of the Aware ID product? - The focus is on solving large-scale identity challenges for enterprises and government agencies rather than driving growth through a single product [28] Question: Has Aware made progress in adding customers or growing sales on the AWS Marketplace? - The priority is direct engagement with customers, and partnerships will only be pursued if they add strategic value [29] Question: Can you provide more color on the types of industries or use cases these companies are exploring with Aware's biometric solutions? - Engagement is strong across industries like financial services, healthcare, and e-commerce, where secure identity verification is critical [30] Question: What is the timing and potential revenue contribution from new strategic opportunities in the second half of 2025? - 2025 is viewed as a foundational year, with expectations for early wins later in the year and contributions building over time [32][34] Question: How does the Awareness platform differentiate Aware from competitors? - The platform offers an open modular architecture, allowing customers to orchestrate best-in-class algorithms, providing flexibility and scalability [35][36] Question: Are there specific programs or initiatives where Aware feels particularly well positioned? - Aware is well positioned across the U.S. Government portfolio, focusing on secure digital identity and modernization initiatives [38] Question: What early indicators show Aware is on the right trajectory for growth? - The pipeline has expanded significantly, and there is growing interest from customers recognizing Aware's technology leadership [39]

Financial Performance - Total revenue for Q1 2025 was $3.6 million, a decrease of 18.2% from $4.4 million in Q1 2024[6] - Recurring revenue was $2.7 million, down 14.6% from $3.1 million in Q1 2024[6] - Net loss for Q1 2025 was $1.6 million, compared to a net loss of $1.0 million in Q1 2024[8] - Adjusted EBITDA loss for Q1 2025 was $1.5 million, compared to an adjusted EBITDA loss of $1.0 million in Q1 2024[9] - Cash, cash equivalents, and marketable securities totaled $24.8 million as of March 31, 2025, down from $27.8 million as of December 31, 2024[10] - Software licenses revenue was $1.3 million, a decline of 38.7% from $2.1 million in Q1 2024[18] - Total operating expenses were $5.5 million, slightly reduced from $5.7 million in Q1 2024[6] Strategic Initiatives - Aware appointed Brian Krause as Chief Revenue Officer to enhance commercial execution and go-to-market strategies[4] - The company aims to expand its presence in the U.S. commercial market and government sector while enhancing its biometric technology platform[3] - Aware is engaged in discussions with Fortune 500 companies to explore strategic growth opportunities[3]

Core Viewpoint - Aware, Inc. is navigating a transitional phase while focusing on long-term growth strategies, including strengthening leadership and enhancing its market approach [2][4]. Financial Results - Revenue for Q1 2025 was $3.6 million, down from $4.8 million in Q4 2024 and $4.4 million in Q1 2024, primarily due to lower software licenses revenue [6][10]. - The net loss for Q1 2025 was $1.6 million, or $(0.08) per diluted share, compared to a net loss of $1.2 million, or $(0.06) per diluted share in Q4 2024 and a net loss of $1.0 million, or $(0.05) per diluted share in Q1 2024 [7][10]. - Adjusted EBITDA loss for Q1 2025 was $1.5 million, compared to a loss of $0.8 million in Q4 2024 and a loss of $1.0 million in Q1 2024, attributed to lower total revenue [8][10]. Operational Highlights - The company is focusing on scaling its presence in the U.S. commercial market and expanding in the U.S. government sector [3]. - Aware is enhancing its biometric technology platform and integrating complementary solutions, with ongoing discussions with Fortune 500 companies [3][4]. - The leadership team has been strengthened with the appointment of Brian Krause as Chief Revenue Officer to accelerate commercial execution [10]. Balance Sheet - As of March 31, 2025, cash, cash equivalents, and marketable securities totaled $24.8 million, down from $27.8 million as of December 31, 2024 [9][10]. - Total assets were $39.9 million as of March 31, 2025, compared to $42.6 million as of December 31, 2024 [18][19]. Revenue Breakdown - Recurring revenue for Q1 2025 was $2.7 million, down from $3.1 million in Q1 2024 [10][24]. - Non-recurring revenue was $924,000 in Q1 2025, compared to $1.3 million in Q1 2024 [10][24].

Core Viewpoint - Aware, Inc. will hold a webcast on April 30, 2025, to discuss its financial results for Q1 2025, with results to be released prior to the call [1][2]. Group 1: Company Overview - Aware, Inc. is a global biometric platform company that utilizes data science and machine learning to address business and identity challenges through biometrics [3]. - The company has over 30 years of experience and is recognized for its ethical and responsible approach to biometric technology [3]. - Aware's solutions are designed to help government and commercial enterprises authenticate and secure individuals while providing a seamless user experience [3]. Group 2: Webcast Details - The webcast is scheduled for April 30, 2025, at 5:00 p.m. Eastern time, with a question-and-answer session following the presentation [2]. - Interested parties can submit questions in advance via email, and the presentation will be available for replay on the company's investor relations website for approximately 90 days [2].