secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000950170-24-052147
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/0000950170-24-052147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024052147/awre-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-052147

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