Highest-materiality recent filing
Aware Q2 revenue $3.3M, net loss $2.6M; H2 outlook seasonal uptick
Revenue $3.3M, down from $3.9M YoY; net loss $2.6M ($0.12/sh) vs $1.8M ($0.08/sh) prior year.
Aware appoints James Beecham to board; shareholders approve 1M share increase to equity plan
James Beecham, co-founder/CEO of ALTR, appointed as Class I director effective July 15, 2026.
Aware Q1 revenue down to $3.4M, net loss widens to $3.5M; restructuring targets $4M annual savings
Revenue $3.4M ($3.6M in Q1 2025); net loss $3.5M ($0.16/share) vs $1.6M loss year ago.
Aware Inc. sets 2026 executive bonus plan; CEO target $200k, based on revenue and adjusted EBITDA
CEO Ajay Amlani target bonus $200k; CRO Brian Krause and CMO Lona Therrien each $120k; CFO David Traverse $100k.
Aware CTO Mohamed Lazzouni departs; receives $312K severance and noncompete
CTO Mohamed Lazzouni departed Aware, Inc. effective March 10, 2026.
Aware Q4 2025 revenue $4.7M, net loss $0.07/share; full-year net loss $5.9M
Revenue Q4 2025 $4.7M vs $4.8M in Q4 2024; full-year $17.3M vs $17.4M.
Aware Q3 revenue up 33% YoY to $5.1M; net loss narrows to $1.1M
Revenue $5.1M (+33% YoY) driven by $1.0M perpetual license expansion and $0.6M new term licenses.
Aware Q2 revenue $3.9M, net loss $1.8M; cash $23.7M
Revenue $3.9M (down 9% YoY); net loss $1.8M ($0.08/sh) vs loss $1.1M ($0.05/sh).
CEO Ajay Amlani to receive 75% of 2026-2027 base salary in restricted stock units
Base salary of $400K for 2026 and 2027: 25% cash ($100K) and 75% RSUs ($300K value per year).
Aware, Inc. reports annual meeting vote results; directors re-elected, compensation approved
Brent P. Johnstone re-elected Class II director with 8,371,565 for, 3,556,112 against, 4,435,510 broker non-votes.
Aware adopts 2025 executive bonus plan with revenue, bookings, EBITDA goals
Participants: CEO Ajay Amlani, CRO Brian Krause, CTO Mohamed Lazzouni, CFO David Traverse.
Aware Q1 2025 revenue $3.6M, net loss $1.6M; appoints new CRO and chairman
Total revenue $3.6M, down from $4.4M YoY; net loss $1.6M ($0.08/diluted share) vs $1.0M loss ($0.05) in Q1 2024.
AWRE CEO Amlani takes 80% of 2025 pro-rated salary in RSUs; 166,229 shares granted
Base salary of $400k/year; pro-rated $316,667 for Mar 16–Dec 31, 2025 paid 20% cash ($63,333) and 80% RSUs ($253,333).
Aware reports FY 2024 revenue down 5% to $17.4M, appoints Ajay Amlani as CEO
Full-year revenue $17.4M (-5% YoY); net loss improved 39% to $4.4M from $7.3M.
Aware names Ajay Amlani CEO with $400K salary and 1.06M share options
Appointed CEO and President effective Feb 3, 2025; replaces Robert Eckel (retired).
Aware names CFO David Traverse interim CEO after Bob Eckel resigns
Bob Eckel resigned as CEO and President effective December 31, 2024, after five years.
Aware Q3 revenue $3.8M, net loss $0.05/share; recurring revenue up 29% YoY
Q3 total revenue $3.8M, down 41% YoY, primarily due to prior-year one-time license of $2.9M.
Aware CEO Robert Eckel to depart Dec 31, 2024; severance and non-compete agreed
CEO Robert A. Eckel to leave as CEO and Board member effective December 31, 2024.
Aware CRO Craig Herman resigns; CEO Bob Eckel to provide interim leadership
Craig Herman, Chief Revenue Officer, resigned effective September 20, 2024, to pursue an opportunity outside biometrics.
Aware reports H1 2024 revenue $8.7M (+17% YoY); net loss improves 51%
Q2 revenue $4.3M (+36% YoY); recurring revenue $2.7M (+31% YoY).
Aware, Inc. annual meeting votes approve director elections, say-on-pay, and auditor ratification
Brian D. Connolly re-elected with 7,858,012 for votes; 4,387,738 withheld.
Aware promotes David Traverse to CFO effective June 1, 2024; salary raised to $230,000
David Traverse's title changed from Principal Financial Officer to CFO, effective June 1, 2024.
Aware Q1 revenue $4.4M (+3% YoY); net loss narrows to $1.0M; reaffirms 2024 growth outlook
Revenue of $4.4M (+3% YoY); recurring revenue $3.1M (71% of total), up 3% YoY.
Aware adopts 2024 Executive Bonus Plan with revenue and cash flow targets for four named executives
Target bonuses: CEO Eckel $159,135; CRO Herman $250,000; CTO Lazzouni $153,181; CFO Traverse $50,000.
Full year 2023 total revenue $18.2M, highest since 2016, up 14% from $16.0M in 2022.
Aware completes stock option exchange; 96% of eligible options surrendered for new options at $2.21
9 executives exchanged options on 2.18M shares (96% of eligible); new options on 933K shares at $2.21.
Aware stockholders approve 2023 Equity Plan and stock option exchange program
Stockholders approved stock option exchange for eligible employees; votes 10,214,546 for, 5,583,466 against.
AWARE extends stock repurchase program for up to $10M through Dec 2025
Board extended existing stock repurchase program up to $10M of common stock.
CFO David Barcelo left the company effective Oct 31, 2023; separation agreement signed Nov 13, 2023.
Aware Q3 revenue jumps 112% to $6.4M; net income of $0.05/diluted share
Total revenue $6.4M, up 112% YoY; nine-month revenue $13.9M, up 16% YoY.
Aware names David Traverse as PFO and Treasurer; CFO Barcelo departs Oct 24
David Barcelo resigns as CFO and Treasurer effective Oct 24, 2023; no dispute or disagreement cited.
Aware reports Q2 2023 revenue of $3.2M, down 24% YoY; net loss widens to $0.13/share
Revenue for Q2 2023 was $3.2M, down from $4.3M in Q1 2023 and $4.2M in Q2 2022.
Aware annual meeting: Faubert elected despite majority withheld votes; say-on-pay approved
Directors Robert A. Eckel (14.2M for) and Peter R. Faubert (6.8M for, 8.2M withheld) re-elected to three-year terms.
Aware posts Q1 revenue $4.3M, net loss $1.6M; expects 15% growth in 2023
Revenue $4.3M (up 6% QoQ, down 9% YoY); recurring revenue $3.1M (71%, up 17% sequentially).
Aware, Inc. adopts 2023 Executive Bonus Plan with target bonuses for four officers
CEO Robert Eckel target bonus $154,500; CRO Craig Herman $250,000; CTO Mohamed Lazzouni $143,000; CFO David Barcelo $103,000.
Aware Q4 revenue $4.1M flat YoY, net loss widens to $1.8M; FY revenue down to $16M
Q4 2022 revenue $4.1M flat YoY; recurring revenue $2.6M (+16%) = 65% of total.
Aware Q3 2022 revenue $3.0M, net income $2.6M on building sale; launches AwareID
Revenue $3.0M, down from $4.2M in Q3 2021 and Q2 2022 due to macroeconomic headwinds.
Aware Q3 revenue drops 29% to $3.0M; net income $2.6M on $5.7M building sale gain
Revenue $3.0M, down 29% YoY from $4.2M; driven by macroeconomic headwinds and customer order delays.
Aware reports Q2 2022 revenue $4.2M, net loss $1.3M; recurring revenue grows to 56% of total
Revenue of $4.2M, down from $4.3M in Q2 2021, driven by macro and supply chain delays.
Aware eliminates Chief Commercial Officer role; Robert Mungovan to depart Aug 31
Position of Chief Commercial Officer eliminated; commercial leadership to transition to a Chief Revenue Officer.
Aware sells Bedford, MA building for $8.85M, nets >$8M to strengthen balance sheet
Received $8.85M cash proceeds from sale of Bedford, MA building to FDS Bedford, LLC.
Aware annual meeting votes: directors re-elected, say-on-pay and auditor ratified
Brent P. Johnstone re-elected as Class II director with 13,866,669.83 for; John S. Stafford III re-elected with 11,049,697.83 for.
Aware reports Q1 2022 revenue $4.7M (+6% YoY); recurring revenue up 30%
Revenue $4.7M, highest since 2018, up 6% YoY and 17% sequentially.
Aware modifies property sale and lease agreements; closing set for June 30, 2022
Fifth Amendment to sale of 40 Middlesex Tpke sets closing at June 30, 2022; buyer deposited additional $125K.
Aware enters $2.5M strategic partnership and investment with MIRACL for biometric MFA
$2.5M strategic investment in loan stock of Omlis Limited, parent of MIRACL.
Aware reports 49% revenue growth to $16.9M in FY2021; authorizes $10M share repurchase
Full year 2021 revenue $16.9M, up 49% YoY; net loss $5.8M vs $7.6M in 2020.
Aware acquires Fortress Identity to expand eKYC and biometric verification offerings
Acquisition announced December 22, 2021; financial terms not disclosed.
Aware reports Q3 revenue of $4.2M, up 69% YoY; Net loss narrows to $1.6M
Q3 2021 revenue $4.2M, up 69% year-over-year from $2.5M; nine-month revenue $12.9M exceeds full-year 2020.
Aware, Inc. posts investor presentation on its website
Presentation posted September 8, 2021, available at aware.com/investor-relations.
Aware Q2 revenue doubles YoY to $4.3M; net loss narrows to $1.5M
Q2 2021 revenue $4.3M, up 2.3x from $1.9M in Q2 2020; subscription-based revenue drove growth.
The Board of Directors of Aware, Inc. (“Aware”) appointed Ajay Amlani to serve as Chief Executive Officer and President of Aware and as a Class III member of the Board of Directors of Aware, effective February 3, 2025.
David K. Traverse resigned his positions as Interim Chief Executive Officer and President of Aware, effective February 3, 2025. Mr. Traverse remains Aware’s Chief Financial Officer.
On January 1, 2025, the Company’s Board of Directors appointed David K. Traverse, the Company’s Chief Financial Officer, to serve as the Company’s interim Chief Executive Officer and President.
On December 31, 2024, Mr. Eckel’s resignation from those positions became effective.
Aware, Inc. (the “Company”) and Robert A. Eckel, the Company’s Chief Executive Officer and President and a member of the Company’s Board of Directors (the “Board”), agreed that Mr. Eckel would leave the Company and the Board, effective December 31, 2024.
On September 4, 2024, Craig Herman, our Chief Revenue Officer, announced his resignation effective September 20, 2024, to pursue a new opportunity outside of the biometrics industry.
Effective June 1, 2024, we changed David Traverse’s title from Principal Financial Officer to Chief Financial Officer and we increased his annual base salary to $230,000 with a variable annual target bonus of $92,000, which is equal to 40% of his annual base salary.
As previously announced, David Barcelo, the former Chief Financial Officer and Treasurer of Aware, Inc. (the “Company”), has left the Company.
The Company and David Barcelo agreed that Mr. Barcelo would leave the Company and resign as Chief Financial Officer and Treasurer of the Company, effective October 24, 2023.
Aware, Inc. (the “Company”) appointed David Traverse, age 50, as its Principal Financial Officer (PFO) and Treasurer, effective October 24, 2023.
On July 15, 2022, Aware, Inc. (“ Aware ”) notified Robert Mungovan, its Chief Commercial Officer, that as part of a realignment of its commercial organization, Aware plans to eliminate the position of Chief Commercial Officer effective as of August 31, 2022.
Max materiality 0.75 · Median 0.60 · Most common event earnings