Aware, Inc. (AWRE Quick Quote ) reported a loss per share of 5 cents in the second quarter of 2024, narrower than the year-ago period’s loss of 13 cents per share.Revenues in DetailAware registered revenues of $4.3 million in the second quarter, up 35.7% year over year.Solid revenues from the majority of the segments drove the topline.Segment DetailsAware derives revenues from three segments — Software licenses, Software maintenance and Services and other.For the quarter under review, Software licenses reve ...

Aware, Inc. (NASDAQ:AWRE) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Matt Glover – Gateway Investor Relations Robert Eckel – President and Chief Executive Officer David Traverse – Chief Financial Officer Craig Herman – Chief Revenue Officer Heidi Hunter – Chief Product Officer Conference Call Participants Matt Glover Good afternoon, and welcome to Aware’s Second Quarter 2024 Conference Call. Joining us today are the company’s Chief Executive Officer and President, Robert ...

Financial Performance - Total revenue for the three months ended June 30, 2024, was $4,322,000, representing a 36% increase from $3,184,000 in the same period of 2023[16] - Net loss for the six months ended June 30, 2024, was $2,071,000, compared to a net loss of $4,220,000 for the same period in 2023, indicating a 51% improvement[16] - Operating loss for the three months ended June 30, 2024, was $(1,341,000), an improvement from $(2,936,000) in the same period of 2023[16] - The company reported a comprehensive loss of $(1,105,000) for the three months ended June 30, 2024, compared to $(2,780,000) for the same period in 2023[16] - The company reported a net loss of $1,568 million for the three months ended June 30, 2023, compared to a net loss of $2,652 million for the same period in 2022[24] Revenue Breakdown - Revenue for the three months ended June 30, 2024, was $4,322 million, an increase from $3,184 million in the same period of 2023[43] - Revenue from the United States for the three months ended June 30, 2024, was $1,735 million, down from $2,064 million in the same period of 2023[43] - Revenue from the United Kingdom increased to $1,307 million for the three months ended June 30, 2024, compared to $251 million in the same period of 2023[43] - Revenue from the Rest of the World was $1,280 million for the three months ended June 30, 2024, compared to $869 million in the same period of 2023[43] - The company recognized $1,369 million in revenue from goods or services transferred at a point in time for the three months ended June 30, 2024, compared to $733 million in the same period of 2023[44] - Revenue from goods or services transferred over time was $2,953 million for the three months ended June 30, 2024, up from $2,451 million in the same period of 2023[44] - Revenue from subscription-based contracts for the three months ended June 30, 2024, was $4.322 million, a 36% increase from $3.184 million in the same period of 2023[45] Expenses and Costs - Research and development expenses for the three months ended June 30, 2024, were $1,867,000, down 17.5% from $2,265,000 in the same period of 2023[16] - Stock-based compensation expense was $403 million for the three months ended June 30, 2023[24] - For the three months ended June 30, 2024, the company reported a stock-based compensation expense of $243 million, a decrease from $403 million in the same period of 2023, representing a 39.7% reduction[62] Assets and Liabilities - Cash and cash equivalents increased to $11,957,000 as of June 30, 2024, up from $10,002,000 at the beginning of the period[19] - Total current assets decreased to $33,131,000 as of June 30, 2024, from $35,824,000 as of December 31, 2023, reflecting a 7.5% decline[11] - Accounts receivable increased to $3,657,000 as of June 30, 2024, from $2,454,000 as of December 31, 2023, marking a 49% increase[11] - Total liabilities decreased to $10,623,000 as of June 30, 2024, from $11,998,000 as of December 31, 2023, indicating a 11.4% reduction[12] - The company’s stockholders' equity decreased to $32,602,000 as of June 30, 2024, down from $34,298,000 as of December 31, 2023[13] - As of June 30, 2023, total stockholders' equity was $36,442 million, down from $40,209 million at December 31, 2022, reflecting a net loss of $2,652 million for the quarter[24] Deferred Revenue and Receivables - Unbilled receivables decreased to $1.299 million as of June 30, 2024, down from $3.483 million in the same period of 2023, indicating a reduction of 63%[48] - Deferred revenue as of June 30, 2024, was $4.444 million, down from $5.433 million at the beginning of the period, reflecting a decrease of 18%[49] - The company expects to recognize approximately 96% of the remaining deferred revenue over the next 12 months, with $3.6 million allocated to contracts with a duration greater than one year[50] Stock and Equity - The company granted 84,000 restricted stock units during the three months ended June 30, 2024, compared to 0 in the same period of 2023[67] - The company granted 284,814 restricted stock units during the six months ended June 30, 2024, with specific vesting schedules for portions of these units[67] - The company did not grant any other stock options or have any stock options exercised during the three or six months ended June 30, 2024 or 2023[66] - The company’s 2023 Equity Incentive Plan was approved on January 17, 2024, replacing the previous 2001 Nonqualified Stock Plan[63] Tax and Valuation - The company recorded an income tax provision of $39 thousand for the three and six months ended June 30, 2024[71] - The company has a full valuation recorded against its net deferred tax assets as of June 30, 2024, indicating a likelihood of not realizing the benefits of these assets[71] Marketable Securities - Marketable securities decreased to $15.9 million as of June 30, 2024, down from $20.9 million as of December 31, 2023[52] - The total assets measured at fair value as of June 30, 2024, amounted to $26.293 million, with money market funds contributing $10.382 million and marketable securities $15.911 million[53]

Exhibit 99.1 Investor Contact Matt Glover Gateway Group, Inc. 949-574-3860 AWRE@gateway-grp.com Aware Reports Second Quarter and Six Month 2024 Financial Results Total Revenue for First Six Months of 2024 Increased 17% Year-Over-Year to $8.7 Million Recurring Revenue for First Six Months of 2024 Increased14% Year-Over-Year to $5.9 Million Revenue Increase and Cost Optimization Measures Produced $2.1 million or 51% Improvement in GAAP Net Loss and $2.2 Million or 55% Improvement in Adjusted EBITDA Loss in Fi ...

BURLINGTON, Mass., July 25, 2024 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a global biometric platform company that uses data science, machine learning, and artificial intelligence to tackle everyday business and identity challenges through biometrics, will hold a webcast on Thursday, August 8, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be issued in a press release prior to the call. Aware management will host the ...

VANCOUVER, British Columbia, July 09, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is pleased to announce that it has entered into a definitive agreement dated July 8, 2024 (the “Agreement”) with Ecoblox and PureSky Registry LLC (“PureSky”), to co-develop a Carbon-Aware Routing Protocol. This protocol aims to reduce the carbon footprint of internet and data center operations by dynamically sel ...

VANCOUVER, British Columbia, June 03, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is pleased to provide further details on its innovative carbon aware routing protocol initiative. In response to the significant environmental impact of the Internet's growing energy demands, Metasphere Labs has chosen to build the reference design for its carbon aware routing protocol with a focus on NVIDIA-bas ...

BURLINGTON, Mass., May 30, 2024 (GLOBE NEWSWIRE) -- Over the past few years, businesses and consumers across the globe have been delighted and terrified by the emergence of artificial intelligence (AI). The technology no longer needs an introduction to consumers. Further, it has evolved beyond a software buzzword into a strategic investment area for businesses and has been accepted by consumers through user-friendly applications on their devices. Alarmingly, the usage and manipulation of AI-based software f ...

BURLINGTON, Mass., May 30, 2024 (GLOBE NEWSWIRE) -- Over the past few years, businesses and consumers across the globe have been delighted and terrified by the emergence of artificial intelligence (AI). The technology no longer needs an introduction to consumers. Further, it has evolved beyond a software buzzword into a strategic investment area for businesses and has been accepted by consumers through user-friendly applications on their devices. Alarmingly, the usage and manipulation of AI-based software f ...

VANCOUVER, British Columbia, May 17, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce its participation in Consensus 2024 alongside Bot Ventures Inc. (“Bot Ventures”), where they will unveil an early demonstration of their innovative decentralized identity and domain name system. This platform utilizes Bitcoin blockchain technology to enhance online security and trust through de ...