{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-052147","form_type":"8-K","ticker":"AWRE","cik":"0001015739","company_name":"AWARE INC /MA/","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.893111+00:00","generated_at":"2026-06-02T23:42:46.813027+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Aware Q1 revenue $4.4M (+3% YoY); net loss narrows to $1.0M; reaffirms 2024 growth outlook","bullets":["Revenue of $4.4M (+3% YoY); recurring revenue $3.1M (71% of total), up 3% YoY.","Net loss $1.0M ($0.05 per share), improved from $1.6M loss ($0.07 per share) in Q1 2023.","Adjusted EBITDA loss $1.0M vs. $1.4M loss a year ago; operating expenses down 8% YoY to $5.7M.","Cash and marketable securities $28.5M at March 31, 2024, down from $30.9M at Dec 31, 2023.","Reaffirms expectation for double-digit revenue and ARR growth in FY 2024; cost optimization measures expected to lower breakeven."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-052147","json":"https://secwatch.observer/filing/0000950170-24-052147.json","markdown":"https://secwatch.observer/filing/0000950170-24-052147.md","text":"https://secwatch.observer/filing/0000950170-24-052147.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/awre-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:42:46.813027+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2165d7b13519b6917166381df33bb771c10789b6","claim":"AWARE INC /MA/ reported first quarter ended March 31, 2024 results: revenue $4.4 million, net income Net loss for the first quarter of 2024 totaled $1.0 million, EPS $(0.05) per diluted share. Guidance reaffirmed.","evidence_excerpt":"Revenue for the first quarter of 2024 was $4.4 million, compared to $4.3 million in the same year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$4.4 million"},{"label":"Net income","value":"Net loss for the first quarter of 2024 totaled $1.0 million"},{"label":"EPS","value":"$(0.05) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2165d7b13519b6917166381df33bb771c10789b6","claim":"AWARE INC /MA/ reported first quarter ended March 31, 2024 results: revenue $4.4 million, net income Net loss for the first quarter of 2024 totaled $1.0 million, EPS $(0.05) per diluted share. Guidance reaffirmed.","evidence_excerpt":"for the first quarter ended March 31, 2024. First Quarter 2024 and Recent Operational Highlights Year 2023 Financial Highlights • Total revenue increased 3% year-over-year to $4.4 million. • Recurring revenue increased 3% year-over-year to $3.1 million (or 71% of total revenue), underscoring the Company’s continued drive to secure and expand its recurring revenue","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$4.4 million"},{"label":"Net income","value":"Net loss for the first quarter of 2024 totaled $1.0 million"},{"label":"EPS","value":"$(0.05) per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}