Aware Q3 revenue drops 29% to $3.0M; net income $2.6M on $5.7M building sale gain

AWARE INC /MA/

2022-Q3 EPS reported $0.00 revenue$11,945,000

Revenue $3.0M, down 29% YoY from $4.2M; driven by macroeconomic headwinds and customer order delays.
Net income $2.6M ($0.12 diluted EPS) vs net loss of $1.6M in Q3 2021; includes $5.7M one-time gain from building sale.
Adjusted EBITDA loss widened to $2.5M from $1.0M loss a year ago, reflecting lower revenue.
Launched AwareID, multi-modal SaaS authentication platform, early Q4; appointed Craig Herman as CRO.
Cash and marketable securities $31.0M, up from $25.0M at June 30, after $8.5M building sale and $0.2M share repurchase.

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