---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-030003"
form_type: "8-K"
ticker: "AWRE"
cik: "0001015739"
company_name: "AWARE INC /MA/"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:43:30.431244+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-030003
- form_type: 8-K
- ticker: AWRE
- cik: 0001015739
- company_name: AWARE INC /MA/
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015739/000095017024030003/0000950170-24-030003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015739/000095017024030003/awre-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-030003
- JSON: https://secwatch.observer/filing/0000950170-24-030003.json
- Plain text: https://secwatch.observer/filing/0000950170-24-030003.txt

## Key facts
- Earnings Releases
  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
  source text: Full Year 2023 Financial Highlights • Total revenue increased 14% to $18.2 million from $16.0 million in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017024030003/0000950170-24-030003-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017024030003/0000950170-24-030003-index.htm

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