Core Insights - Aware, Inc. reported a 33% year-over-year revenue growth in Q3 2025, reaching $5.1 million, driven by new customer activity and expansion within existing accounts [3][5][9] - The company is focused on a three-pronged transformation strategy that includes advancing biometric technology, enhancing customer engagement, and building strategic partnerships [3][4] - Aware achieved FIDO Alliance Certification for Face Verification, reinforcing its position in biometric security solutions [9] Financial Performance - Revenue for Q3 2025 increased to $5.1 million from $3.8 million in Q3 2024, reflecting a 33% growth [5][9] - Operating expenses rose to $6.4 million in Q3 2025 from $5.3 million in the same quarter of 2024, attributed to investments in sales, marketing, and product development [6] - The net loss improved to $1.1 million, or $(0.05) per diluted share, compared to a net loss of $1.2 million, or $(0.06) per diluted share, in Q3 2024 [6][9] Operational Highlights - Adjusted EBITDA loss for Q3 2025 was $0.8 million, an improvement from $1.1 million in Q3 2024, primarily due to increased revenue [7][9] - Cash, cash equivalents, and marketable securities totaled $22.5 million as of September 30, 2025, down from $27.8 million at the end of 2024, mainly due to operating losses [8] - The company launched Intelligent Liveness, a next-generation biometric liveness-detection capability, which significantly reduces false-negative rates [9] Nine-Month Financial Results - For the nine months ended September 30, 2025, revenue was $12.6 million, compared to $12.6 million in the same period of 2024 [10] - Operating expenses for the nine months increased to $17.7 million from $16.7 million year-over-year [10] - The net loss for the nine months was $4.4 million, or $(0.21) per diluted share, compared to a net loss of $3.2 million, or $(0.15) per diluted share, in the prior year [10]

Core Insights - Aware, Inc. has launched Intelligent Liveness, a new liveness detection capability that combines the speed of passive detection with the accuracy of active verification, enhancing user experience while maintaining security [1][3][5] Company Overview - Aware, Inc. is a global leader in biometric identity and authentication solutions, providing a platform that transforms biometric data into actionable intelligence for organizations to verify identities and prevent fraud [6] Product Features - Intelligent Liveness reduces the error rate and false negatives by 50%, and improves capture speed from 3-4 seconds to under one second, ensuring a frictionless user experience [3][4] - The solution utilizes machine learning-trained models, allowing R&D timelines to be compressed from 9-12 months to as little as three weeks, enabling quick adaptation to new spoofing techniques [4][5] Strategic Importance - The launch of Intelligent Liveness reflects the industry's shift towards low-friction, high-confidence verification, balancing trust, usability, speed, and security [2][5] - This product addresses critical needs across various sectors, including finance, healthcare, government, and travel, by preserving secure user experiences [4][8]