secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000950170-23-007046
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aware Q4 revenue $4.1M flat YoY, net loss widens to $1.8M; FY revenue down to $16M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/0000950170-23-007046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017023007046/awre-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-007046

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