---
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"
generated_at: "2026-06-02T23:42:46.813027+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Aware Q1 revenue $4.4M (+3% YoY); net loss narrows to $1.0M; reaffirms 2024 growth outlook

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-052147
- JSON: https://secwatch.observer/filing/0000950170-24-052147.json
- Plain text: https://secwatch.observer/filing/0000950170-24-052147.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - 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
  - Result: reported results
  source text: Revenue for the first quarter of 2024 was $4.4 million, compared to $4.3 million in the same year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm

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