Aware reports FY2023 revenue $18.2M (+14% YoY), ARR record $12M; Q4 net loss $4.2M on $2.7M write-off

AWARE INC /MA/

Full year 2023 total revenue $18.2M, highest since 2016, up 14% from $16.0M in 2022.
Annual Recurring Revenue (ARR) grew 23% to record $12.0M; recurring revenue $11.0M, up 13% YoY.
Net loss for FY2023 was $7.3M ($0.35 diluted EPS) vs $1.7M loss in FY2022, impacted by $2.7M Omlis write-off.
Q4 2023 revenue $4.4M (+8% YoY); net loss $4.2M ($0.20 per share) vs $1.8M loss in Q4 2022.
Cash, equivalents, marketable securities $30.9M at year-end, up $1.9M; repurchased 299,780 shares for $0.5M.

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 0.9

AWARE INC /MA/ reported the fiscal year ended December 31, 2023 results: revenue $18.2 million.

Period: the fiscal year ended December 31, 2023
Revenue: $18.2 million
Result: reported results

Exact text from the filing

Full Year 2023 Financial Highlights • Total revenue increased 14% to $18.2 million from $16.0 million in 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AWARE INC /MA/ reported the fourth quarter ended December 31, 2023 results: revenue $4.4 million, net income $4.2 million, or $(0.20) per diluted share, EPS $(0.20) per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $4.4 million
Net income: $4.2 million, or $(0.20) per diluted share
EPS: $(0.20) per diluted share
Result: reported results

Exact text from the filing

in Omlis Limited. • Repurchased 299,780 shares at a cost of $0.5 million during the year. Fourth Quarter 2023 Financial Highlights • Total revenue increased 8% year-over-year to $4.4 million, compared to $4.1 million in the fourth quarter of 2022. • Recurring revenue increased 40% year-over-year to $3.7 million, highlighting the growth and continued transformation of

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Source: SEC EDGAR

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