---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020324"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:13:18.081005+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-020324
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017022020324/0000950170-22-020324-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017022020324/awre-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020324
- JSON: https://secwatch.observer/filing/0000950170-22-020324.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020324.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.