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 ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2024 was $4.4 million, a 3% increase from $4.3 million in the same period last year, driven by higher software maintenance revenue [17] - Recurring revenue for Q1 2024 was $3.2 million, representing 71% of total revenue and a 3% increase year-over-year [17] - Operating loss improved approximately 32% year-over-year to $1.3 million compared to $1.9 million in Q1 of the previous year [18] - GAAP net loss for Q1 2024 totaled $1 million, or $0.05 per diluted share, a 30% improvement from a net loss of $1.6 million, or $0.07 per diluted share, in Q1 2023 [18] - Cash, cash equivalents, and marketable securities totaled $28.5 million as of March 31, 2024, down from $30.9 million as of December 31, 2023 [19] Business Line Data and Key Metrics Changes - Subscription maintenance revenue increased by 18% due to contracts secured in Q3 2023, contributing significantly to total revenue growth [14] - The company expanded its recurring revenue customer base, resulting in a 3% year-over-year increase in both total and recurring revenue [14] Market Data and Key Metrics Changes - Aware successfully onboarded new customers in Latin America, including Imply and OpenPass, and expanded use cases with existing customers such as a major federal government agency and a leading Turkish bank [15][24] - The company renewed and expanded a significant multiyear contract with a large international police organization in Europe, indicating growth in border management and immigration markets [23] Company Strategy and Development Direction - Aware aims to achieve double-digit revenue and annual recurring revenue growth in 2024, supported by an expanding pipeline of opportunities and increasing partner acquisition momentum [28] - The company plans to strengthen its offerings as a biometric solutions provider by delivering industry sector-specific solutions and enhancing its partner ecosystem [29] - Aware is focused on driving profitability, expanding its recurring revenue base, and delivering exceptional value to shareholders over the long term [20] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of cost optimization initiatives, which have significantly streamlined the cost structure and lowered the revenue breakeven point [41] - The company remains committed to evaluating high ROI opportunities that align with its long-term vision while focusing on organic growth [20][43] - Management expressed confidence in achieving sustainable growth and positive cash flow due to a robust financial standing and a healthy pipeline of opportunities [28] Other Important Information - Aware's technology is recognized for its ability to minimize bias based on age, gender, or race, as independently tested and verified by NIST [9] - The company has launched a marketing development fund program to support partners in promoting Aware technology, covering up to 50% of select marketing activity costs [36] Q&A Session Summary Question: Context around the rapid turnaround with the Turkish bank - The expedited timeline was due to a knowledgeable partner in Turkey, a motivated customer, and Aware's understanding of the market needs [32] Question: Nature of subscription renewal delays - Delays were largely due to the timing of revenue recognition, with a significant reorder expected to complete in Q2 instead of Q1 [34] Question: Details on the market development funds initiative - The MDF program supports partners' marketing efforts, covering up to 50% of select marketing activity costs to foster lead generation [36] Question: Factors driving substantial improvement in operating loss - Improvement reflected success in cost optimization initiatives, including a reduction in headcount and strategic investments in high-growth areas [41] Question: Capital allocation strategy with $29 million cash position - The company is evaluating opportunities for scalability but remains focused on accelerating organic growth in the meantime [43] Question: Outlook for 2024 following strong 2023 performance - Aware anticipates continuing momentum with a target of double-digit growth in both revenue and annual recurring revenue [45] Question: Role of partnerships in gaining more U.S. customers - Partnerships are crucial for expanding the customer base, particularly in the access control market [49] Question: Changes in competitive dynamics over the last six months - Aware has entered new markets, such as gaming, and is focusing on building integrations to enhance competitive advantage [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________ to _________ Commission file number 000-21129 AWARE, INC. (Exact Name of Registrant as Specified in Its Charter) Massachusetts 04-2911026 | --- | --- | --- | | ...

Exhibit 99.1 Company Contact Gina Rodrigues Aware, Inc. 781-687-0300 grodrigues@aware.com Investor Contact Matt Glover Gateway Group, Inc. 949-574-3860 AWRE@gatewayir.com Aware Reports First Quarter Financial Results Company Reaf irms Expectation to Deliver Double-Digit Revenue and ARR Growth in 2024 Cost Optimization Initiatives Drive $0.6 Million Reduction in Operating Loss to $1.0 Million in Q1 2024 BURLINGTON, MASS. – May 2, 2024– Aware, Inc. (NASDAQ: AWRE), a global biometric platform company that uses ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission file number 000-21129 AWARE, INC. (Exact Name of Registrant as Specified in Its Charter) Massachusetts 04-2911026 (Sta ...

Aware, Inc. (NASDAQ:AWRE) Q4 2023 Earnings Conference Call March 12, 2024 5:00 PM ET Company Participants Matt Glover - Gateway Investor Relations Robert Eckel - Chief Executive Officer & President David Traverse - Principal Financial Officer Craig Herman - Chief Revenue Officer Conference Call Participants Matt Glover Good afternoon, and welcome to Aware's Fourth Quarter and Full Year 2023 Conference Call. Joining us today is the company's CEO and President, Robert Eckel; Principal Financial Officer, David ...