Aware Reports Second Quarter and Six-Month 2025 Financial Results

Core Viewpoint - Aware, Inc. reported a decrease in revenue for the second quarter of 2025, primarily due to the timing of perpetual license sales, while continuing to focus on strategic transformation and growth in biometric identity solutions [4][3]. Financial Results - Revenue for Q2 2025 was $3.9 million, down from $4.3 million in Q2 2024, reflecting a year-over-year decrease of approximately 9.3% [4][5]. - Operating expenses increased to $5.9 million in Q2 2025 from $5.7 million in Q2 2024 [5]. - The net loss for Q2 2025 was $1.8 million, or $(0.08) per diluted share, compared to a net loss of $1.1 million, or $(0.05) per diluted share, in Q2 2024 [5][8]. - Adjusted EBITDA loss for Q2 2025 was $1.4 million, compared to a loss of $1.0 million in Q2 2024 [6]. Six-Month Financial Overview - Revenue for the first half of 2025 was $7.5 million, down from $8.7 million in the same period of 2024 [7]. - Operating expenses remained stable at $11.3 million for both the first half of 2025 and the previous year [7]. - The net loss for the first half of 2025 totaled $3.4 million, or $(0.16) per diluted share, compared to a net loss of $2.1 million, or $(0.10) per diluted share, in the same period of 2024 [8]. Operational Highlights - Aware developed new product innovations, including a 14X faster face matching performance and smarter face capture for mobile applications [9]. - The company was recognized as an industry Luminary in Core Identity Technology in the Prism Project's Deepfake and Synthetic Identity Report [9]. - Aware achieved best-in-class performance in the Department of Homeland Security's Remote Identity Validation Technology Demonstration for passive liveness detection [9]. Strategic Focus - The management emphasized a clear roadmap focused on advancing the purpose-built platform, strengthening go-to-market efforts, and deepening strategic partnerships [3]. - The company aims to convert its growing late-stage pipeline and drive durable growth as it enters the second half of 2025 [4].