Aware Q1 revenue down to $3.4M, net loss widens to $3.5M; restructuring targets $4M annual savings

AWARE INC /MA/

2026-Q1 EPS reported -$0.16 revenue$3,386,000

Revenue $3.4M ($3.6M in Q1 2025); net loss $3.5M ($0.16/share) vs $1.6M loss year ago.
Operating expenses $7.0M including $0.7M severance from workforce reduction; expects $4M annualized OpEx savings starting Q2 2026.
Adjusted EBITDA loss $3.2M, compared to $1.5M loss in Q1 2025.
CEO Ajay Amlani highlights transformation to platform-first strategy and cost streamlining; cites strong market demand for biometric orchestration.

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