secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-119019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aware Q3 revenue $3.8M, net loss $0.05/share; recurring revenue up 29% YoY
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- Q3 total revenue $3.8M, down 41% YoY, primarily due to prior-year one-time license of $2.9M.
- Recurring revenue $2.8M, up 29% YoY; company reaffirms double-digit recurring revenue growth for 2024.
- Net loss $1.1M ($0.05 loss per diluted share) vs net income of $1.1M ($0.05 EPS) in Q3 2023.
- Operating expenses reduced 6% YoY to $5.3M; cash and equivalents at $27.4M.
- Secured $1M European government booking in October 2024, expected to add to ARR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024119019/0000950170-24-119019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000095017024119019/awre-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer