secwatch.observer — SEC 8-K summary
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Issuer:     AWARE INC /MA/ (AWRE)
CIK:        0001015739
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001193125-22-202054
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aware reports Q2 2022 revenue $4.2M, net loss $1.3M; recurring revenue grows to 56% of total
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- Revenue of $4.2M, down from $4.3M in Q2 2021, driven by macro and supply chain delays.
- Net loss of $1.3M ($0.06 per diluted share) vs. $1.5M loss in Q2 2021; adjusted EBITDA loss $0.8M.
- Recurring revenue was 56% of total H1 2022, up >50% from H1 2021, reflecting subscription transition.
- Completed sale of Bedford, MA office for net proceeds of $8.6M in July 2022, strengthening balance sheet.
- Cash and equivalents $25.0M at June 30, 2022, prior to building sale proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015739/000119312522202054/0001193125-22-202054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015739/000119312522202054/d384663d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-202054

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