Aware reports FY 2024 revenue down 5% to $17.4M, appoints Ajay Amlani as CEO

AWARE INC /MA/

Full-year revenue $17.4M (-5% YoY); net loss improved 39% to $4.4M from $7.3M.
Recurring revenue grew 9% to $12.0M; Q4 revenue up 10% to $4.8M.
Ajay Amlani appointed CEO, effective March 2025, succeeding prior leadership.
Adjusted EBITDA loss improved 15% to $3.9M; cash and securities $27.8M at year-end.
Repurchased 137,051 shares for $0.2M during 2024.

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