secwatch / observer

AWARE INC /MA/ — fact timeline

Source-grounded facts extracted from AWARE INC /MA/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

AWRE AWARE INC /MA/ JSON

David K. Traverse resigned as Chief Financial Officer at AWARE INC /MA/.

“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.”

Ajay Amlani was appointed as Chief Executive Officer and President at AWARE INC /MA/.

“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 was appointed as interim Chief Executive Officer and President at AWARE INC /MA/.

“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.”

Robert A. Eckel resigned as Chief Executive Officer and President at AWARE INC /MA/.

“On December 31, 2024, Mr. Eckel’s resignation from those positions became effective.”

Robert A. Eckel departed as Chief Executive Officer and President at AWARE INC /MA/.

“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.”

Craig Herman resigned as Chief Revenue Officer at AWARE INC /MA/.

“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.”

David Traverse changed role as Chief Financial Officer at AWARE INC /MA/.

“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.”
Earnings Releases

AWARE INC /MA/ reported first quarter ended March 31, 2024 results: revenue $4.4 million, net income Net loss for the first quarter of 2024 totaled $1.0 million, EPS $(0.05) per diluted share. Guidance reaffirmed.

“Revenue for the first quarter of 2024 was $4.4 million, compared to $4.3 million in the same year-ago period.”
Earnings Releases

AWARE INC /MA/ reported the fiscal year ended December 31, 2023 results: revenue $18.2 million.

“Full Year 2023 Financial Highlights • Total revenue increased 14% to $18.2 million from $16.0 million in 2022”
Earnings Releases

AWARE INC /MA/ reported the fourth quarter ended December 31, 2023 results: revenue $4.4 million, net income $4.2 million, or $(0.20) per diluted share, EPS $(0.20) per diluted share.

“in Omlis Limited. • Repurchased 299,780 shares at a cost of $0.5 million during the year. Fourth Quarter 2023 Financial Highlights • Total revenue increased 8% year-over-year to $4.4 million, compared to $4.1 million in the fourth quarter of 2022. • Recurring revenue increased 40% year-over-year to $3.7 million, highlighting the growth and continued transformation of”
Shareholder Votes

AWARE INC /MA/ shareholders approved Approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan at the 2024-01-17 meeting.

“To approve the Aware, Inc. 2023 Equity and Incentive Plan, which will replace the 2001 Nonqualified Stock Plan.”
Shareholder Votes

AWARE INC /MA/ shareholders approved Approve stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price at the 2024-01-17 meeting.

“To approve a stock option exchange program for certain eligible employees, including executive officers, to exchange certain outstanding stock options for stock options with a lower exercise price.”

David Barcelo departed as Chief Financial Officer and Treasurer at AWARE INC /MA/.

“As previously announced, David Barcelo, the former Chief Financial Officer and Treasurer of Aware, Inc. (the “Company”), has left the Company.”
Earnings Releases

AWARE INC /MA/ reported third quarter ended September 30, 2023 results: revenue $6.4 million, net income $1.1 million, EPS $0.05 per diluted share.

“Aware Reports Third Quarter and Nine Month 2023 Financial Results Quarterly Total Revenue Increased 112% from prior year quarter to $6.4 Million Generated $2.5 million in Operating Cashflow in Q3 2023, the Highest Quarterly Level Since Q4 2018 BURLINGTON, MASS. – November 1, 2023 – Aware, Inc. (NASDAQ: AWRE), a global biometric platform company that uses data science, machine learning, and artificial intelligence to tackle everyday business and identity challenges through biometrics, today reported financial results for the third quarter ended September 30, 2023.”

David Traverse was appointed as Principal Financial Officer (PFO) and Treasurer at AWARE INC /MA/.

“Aware, Inc. (the “Company”) appointed David Traverse, age 50, as its Principal Financial Officer (PFO) and Treasurer, effective October 24, 2023.”

David Barcelo resigned as Chief Financial Officer and Treasurer at AWARE INC /MA/.

“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.”
Earnings Releases

AWARE INC /MA/ reported the six months ended June 30, 2023 results: revenue $7.5 million, net income ($4.2 million), EPS $(0.20) per diluted share. Guidance reaffirmed.

“Revenue for the six months ended June 30, 2023 was $7.5 million, compared to $8.9 million in the same year-ago period.”
Earnings Releases

AWARE INC /MA/ reported the second quarter ended June 30, 2023 results: revenue $3.2 million, net income ($2.7 million), EPS $(0.13) per diluted share. Guidance reaffirmed.

“Revenue for the second quarter of 2023 was $3.2 million, compared to $4.3 million in the first quarter of 2023 and $4.2 million in the same year-ago period.”
Shareholder Votes

AWARE INC /MA/ shareholders approved Ratification of RSM US LLP as independent registered public accounting firm at the 2023-06-07 meeting.

“4. To ratify the appointment of RSM US LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2023 For Against Abstain Broker Non-Votes 16,904,081 18,457 1,451,352 0”
Shareholder Votes

AWARE INC /MA/ shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-06-07 meeting.

“2. To recommend the frequency of holding advisory shareholder votes on the approval of executive compensation. One Year Two Years Three Years Abstain Broker Non-Votes 13,187,702 192,492 1,637,843 32,022 3,323,831”
Shareholder Votes

AWARE INC /MA/ shareholders approved Advisory approval of named executive officer compensation at the 2023-06-07 meeting.

“2. To approve, on an advisory basis, the compensation of our named executive officers. For Against Abstain Broker Non-Votes 11,487,717 2,638,831 923,511 3,323,831”
Shareholder Votes

AWARE INC /MA/ shareholders approved Election of Class II Directors at the 2023-06-07 meeting.

“1. Election of Class II Directors. Nominee For Withheld Broker Non-Votes Robert A. Eckel 14,201,518 848,541 3,323,831 Peter R. Faubert 6,841,574 8,208,485 3,323,831”
Earnings Releases

AWARE INC /MA/ reported the first quarter ended March 31, 2023 results: revenue $4.3 million, net income $(0.07) per diluted share, EPS $(0.07) per diluted share. Guidance reaffirmed.

“Aware Reports First Quarter 2023 Financial Results Total Revenue increased 6% Quarter-Over-Quarter to $4.3 Million”
Earnings Releases

AWARE INC /MA/ reported the year ended December 31, 2022 results: revenue $16.0 million, net income $1.7 million, EPS $(0.08) per diluted share. Guidance initiated.

“Revenue for the year ended December 31, 2022 was $16.0 million, compared to $16.9 million for the year ended December 31, 2021. The decrease in revenue was primarily due to lower revenue from services, partially offset by higher subscription and maintenance revenues. Net loss for the year ended December 31, 2022 totaled $1.7 million, or $(0.08) per diluted share, compared to net loss of $5.8 million or ($0.27) per diluted share, in the same year-ago period.”
Earnings Releases

AWARE INC /MA/ reported the fourth quarter of 2022 results: revenue $4.1 million, net income $1.8 million, EPS ($0.08) per diluted share. Guidance initiated.

“Revenue for the fourth quarter of 2022 was $4.1 million, compared to $3.0 million in the third quarter of 2022 and $4.0 million in the same year-ago period. The increase in revenue was primarily the result of higher subscription-based revenue. Net loss in the fourth quarter of 2022 totaled $1.8 million, or ($0.08) per diluted share, which compares to net income of $2.6 million, or $0.12 per diluted share, in the third quarter of 2022 and net loss of $1.3 million, or $(0.06) per diluted share, in the same year-ago period.”

Robert Mungovan departed as Chief Commercial Officer at AWARE INC /MA/.

“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.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.