Highest-materiality recent filing
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).
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.
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 reports H1 2024 revenue $8.7M (+17% YoY); net loss improves 51%
Q2 revenue $4.3M (+36% YoY); recurring revenue $2.7M (+31% YoY).
Full year 2023 total revenue $18.2M, highest since 2016, up 14% from $16.0M in 2022.
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.
Max materiality 0.75 · Median 0.55 · Most common event earnings