---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016666"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:25:49.407961+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aware posts Q1 revenue $4.3M, net loss $1.6M; expects 15% growth in 2023

## Summary
- Revenue $4.3M (up 6% QoQ, down 9% YoY); recurring revenue $3.1M (71%, up 17% sequentially).
- Net loss $1.6M ($0.07 diluted EPS) vs $1.3M loss ($0.06) in Q1 2022.
- Adjusted EBITDA loss $1.4M vs $0.6M loss in prior year.
- Guidance: expect total revenue and ARR growth at least 15% in 2023, neutral-to-positive cash flow by year-end.
- Repurchased 191k shares at $1.79 avg; cash and equivalents $27.3M.

## SEC filing metadata
- accession: 0000950170-23-016666
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017023016666/0000950170-23-016666-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017023016666/awre-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016666
- JSON: https://secwatch.observer/filing/0000950170-23-016666.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016666.txt

## Key facts
- Earnings Releases
  AWARE INC /MA/ reported the first quarter ended March 31, 2023 results: revenue $4.3 million, net income $(0.07) per diluted share, EPS $(0.07) per diluted share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $4.3 million
  - Net income: $(0.07) per diluted share
  - EPS: $(0.07) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Aware Reports First Quarter 2023 Financial Results Total Revenue increased 6% Quarter-Over-Quarter to $4.3 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017023016666/0000950170-23-016666-index.htm

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