Aware Q3 2022 revenue $3.0M, net income $2.6M on building sale; launches AwareID

AWARE INC /MA/

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

Revenue $3.0M, down from $4.2M in Q3 2021 and Q2 2022 due to macroeconomic headwinds.
Net income $2.6M ($0.12 diluted EPS) includes $5.7M one-time gain from building sale.
Adjusted EBITDA loss $2.5M, vs loss of $1.0M in Q3 2021.
Recurring revenue YTD $7.1M, up $0.3M YoY; SaaS platform AwareID launched early Q4 2022.
New CRO Craig Herman appointed; cash and marketable securities $31.0M as of Sep 30, 2022.

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