Aware reports H1 2024 revenue $8.7M (+17% YoY); net loss improves 51%

AWARE INC /MA/

2024-Q2 EPS reported -$0.10 revenue$8,743,000

Q2 revenue $4.3M (+36% YoY); recurring revenue $2.7M (+31% YoY).
H1 net loss $2.1M ($0.10/share) vs $4.2M loss year ago; adjusted EBITDA loss $1.9M vs $3.8M.
Operating expenses fell 8% YoY to $11.3M in H1 2024 due to cost reduction initiatives.
Appointed Heidi Hunter as Chief Product Officer; renewed contracts in UK, Brazil, EMEA including $0.4M Europe license expansion.
Cash & securities $27.4M; management guides double-digit growth in 2024 and positive cash flow in 2025.

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