Aware Q3 revenue jumps 112% to $6.4M; net income of $0.05/diluted share

AWARE INC /MA/

2023-Q3 EPS reported -$0.15 revenue$13,870,000

Total revenue $6.4M, up 112% YoY; nine-month revenue $13.9M, up 16% YoY.
Net income $1.1M ($0.05 diluted EPS) vs net loss in Q2 2023; adjusted EBITDA $0.4M.
Operating cash flow $2.5M, highest quarterly since Q4 2018.
Recurring revenue $2.2M, up 4% YoY; cash & marketable securities $27.5M.
Reaffirms FY2023 guidance: 15% revenue & ARR growth, neutral cash flow. Secured $3.4M contract.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AWARE INC /MA/ reported third quarter ended September 30, 2023 results: revenue $6.4 million, net income $1.1 million, EPS $0.05 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $6.4 million
Net income: $1.1 million
EPS: $0.05 per diluted share
Result: reported results

Exact text from the filing

Aware Reports Third Quarter and Nine Month 2023 Financial Results Quarterly Total Revenue Increased 112% from prior year quarter to $6.4 Million Generated $2.5 million in Operating Cashflow in Q3 2023, the Highest Quarterly Level Since Q4 2018 BURLINGTON, MASS. – November 1, 2023 – Aware, Inc. (NASDAQ: AWRE), a global biometric platform company that uses data science, machine learning, and artificial intelligence to tackle everyday business and identity challenges through biometrics, today reported financial results for the third quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-057518

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