Aware reports Q3 revenue of $4.2M, up 69% YoY; Net loss narrows to $1.6M

AWARE INC /MA/

2021-Q3 EPS reported -$0.21 revenue$12,857,000

Q3 2021 revenue $4.2M, up 69% year-over-year from $2.5M; nine-month revenue $12.9M exceeds full-year 2020.
Net loss per diluted share $(0.07) vs $(0.08) a year ago; adjusted EBITDA loss narrowed to $1.0M from $2.1M.
Knomi transactions reached 12M in Q3 and 31M YTD, compared to 11M in all of 2020.
Cash and equivalents $33.3M at Sep 30, down from $38.6M at Dec 31, 2020.
CEO highlights sales pipeline growth, new partnerships, and robust balance sheet for strategic growth.

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