{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-007046","form_type":"8-K","ticker":"AWRE","cik":"0001015739","company_name":"AWARE INC /MA/","filed_at":"2023-03-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.506139+00:00","generated_at":"2026-06-18T06:12:55.988646+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Aware Q4 revenue $4.1M flat YoY, net loss widens to $1.8M; FY revenue down to $16M","bullets":["Q4 2022 revenue $4.1M flat YoY; recurring revenue $2.6M (+16%) = 65% of total.","Q4 net loss $1.8M ($0.08 EPS) vs $1.3M loss Q4 2021; adjusted EBITDA loss $1.5M vs $0.9M.","FY 2022 revenue $16.0M (down from $16.9M); FY net loss $1.7M (improved from $5.8M) aided by $5.7M HQ sale gain.","Targets at least 15% ARR growth in 2023 and positive operating cashflow exiting 2023; cash $29.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-007046","json":"https://secwatch.observer/filing/0000950170-23-007046.json","markdown":"https://secwatch.observer/filing/0000950170-23-007046.md","text":"https://secwatch.observer/filing/0000950170-23-007046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/0000950170-23-007046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/awre-20230309.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T06:12:55.988646+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cffbd692f52fe1ecf7c8b76027af28806845b13","claim":"AWARE INC /MA/ reported the fourth quarter of 2022 results: revenue $4.1 million, net income $1.8 million, EPS ($0.08) per diluted share. Guidance initiated.","evidence_excerpt":"Revenue for the fourth quarter of 2022 was $4.1 million, compared to $3.0 million in the third quarter of 2022 and $4.0 million in the same year-ago period. The increase in revenue was primarily the result of higher subscription-based revenue. Net loss in the fourth quarter of 2022 totaled $1.8 million, or ($0.08) per diluted share, which compares to net income of $2.6 million, or $0.12 per diluted share, in the third quarter of 2022 and net loss of $1.3 million, or $(0.06) per diluted share, in the same year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/0000950170-23-007046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Revenue","value":"$4.1 million"},{"label":"Net income","value":"$1.8 million"},{"label":"EPS","value":"($0.08) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ceba30f1aaaf4b252c32223296d5c635c4d9eeb4","claim":"AWARE INC /MA/ reported the year ended December 31, 2022 results: revenue $16.0 million, net income $1.7 million, EPS $(0.08) per diluted share. Guidance initiated.","evidence_excerpt":"Revenue for the year ended December 31, 2022 was $16.0 million, compared to $16.9 million for the year ended December 31, 2021. The decrease in revenue was primarily due to lower revenue from services, partially offset by higher subscription and maintenance revenues. Net loss for the year ended December 31, 2022 totaled $1.7 million, or $(0.08) per diluted share, compared to net loss of $5.8 million or ($0.27) per diluted share, in the same year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/0000950170-23-007046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$16.0 million"},{"label":"Net income","value":"$1.7 million"},{"label":"EPS","value":"$(0.08) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}