secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000950170-23-016666
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017023016666/0000950170-23-016666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017023016666/awre-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016666

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