Aware reports Q2 2023 revenue of $3.2M, down 24% YoY; net loss widens to $0.13/share

AWARE INC /MA/

2023-Q2 EPS reported -$0.20 revenue$7,490,000

Revenue for Q2 2023 was $3.2M, down from $4.3M in Q1 2023 and $4.2M in Q2 2022.
Net loss was $2.7M ($0.13 per diluted share) vs $1.3M loss ($0.06) a year ago.
Adjusted EBITDA loss widened to $2.4M from $0.8M in Q2 2022.
Reaffirmed 2023 guidance: 15% revenue and ARR growth, neutral operating cash flow exit.
Cash and marketable securities fell to $25.1M from $29.0M at year-end 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AWARE INC /MA/ reported the six months ended June 30, 2023 results: revenue $7.5 million, net income ($4.2 million), EPS $(0.20) per diluted share. Guidance reaffirmed.

Period: the six months ended June 30, 2023
Revenue: $7.5 million
Net income: ($4.2 million)
EPS: $(0.20) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue for the six months ended June 30, 2023 was $7.5 million, compared to $8.9 million in the same year-ago period.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AWARE INC /MA/ reported the second quarter ended June 30, 2023 results: revenue $3.2 million, net income ($2.7 million), EPS $(0.13) per diluted share. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $3.2 million
Net income: ($2.7 million)
EPS: $(0.13) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue for the second quarter of 2023 was $3.2 million, compared to $4.3 million in the first quarter of 2023 and $4.2 million in the same year-ago period.

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Source: SEC EDGAR

accession 0000950170-23-036470

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