---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036470"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:30:48.229105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-036470
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017023036470/0000950170-23-036470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017023036470/awre-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036470
- JSON: https://secwatch.observer/filing/0000950170-23-036470.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036470.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue for the six months ended June 30, 2023 was $7.5 million, compared to $8.9 million in the same year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017023036470/0000950170-23-036470-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017023036470/0000950170-23-036470-index.htm

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