---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-020363"
form_type: "8-K/A"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:18:17.308148+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-020363
- form_type: 8-K/A
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017022020363/0000950170-22-020363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017022020363/awre-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-020363
- JSON: https://secwatch.observer/filing/0000950170-22-020363.json
- Plain text: https://secwatch.observer/filing/0000950170-22-020363.txt

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