secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K/A
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000950170-22-020363
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017022020363/0000950170-22-020363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017022020363/awre-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-020363

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