secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000950170-22-020324
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017022020324/0000950170-22-020324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017022020324/awre-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020324

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer