Aware - AWRE STOCK NEWS

Aware Inc. (NASDAQ: AWRE), a leading global authentication company, has scheduled its first quarter 2025 financial results webcast for Wednesday, April 30, 2025, at 5:00 p.m. Eastern time. The company will release its financial results for the quarter ended March 31, 2025, via press release prior to the call.

Management will host a presentation followed by a Q&A session. Investors can submit questions in advance via email to AWRE@gateway-grp.com. The webcast recording will be available in the investor relations section of Aware's website for approximately 90 days after the event.

Aware Inc (NASDAQ: AWRE) has appointed Gary Evee as its new Chairman of the Board of Directors, succeeding Brent P. Johnstone who held the position since March 2019. Johnstone will continue serving as a board member.

Evee, who joined Aware's board in February 2021, brings over 25 years of experience in technology, cybersecurity, and digital transformation. He is the Founder and CEO of Evee Security Consulting Group and is launching a second cybersecurity startup in Boston. Previously at IBM, he served as Chief of Staff for IBM Security, helping grow the division into a $2 billion revenue business.

The new chairman currently serves on multiple boards including Dedham Savings Bank, Charlesbridge Bank, and the Association of Industries of Massachusetts. He is also Chair of Mass Insight and supports CyberTrust Massachusetts, holding a B.A. in Political Science from Hampton University.

Aware Inc (NASDAQ: AWRE) has appointed Brian Krause as its new Chief Revenue Officer. Krause brings over 10 years of experience in biometric and digital identity technology industries. His previous roles include Managing Director at Incode, where he doubled the region's ARR, Vice President of Global Revenue at Veriff, and Vice President at AnyVision (now Oosto).

In his new role at Aware, Krause will have full responsibility for end-to-end revenue. His appointment comes at a time when biometrics adoption has accelerated, driven by the pandemic's push toward remote service enrollment. CEO Ajay Amlani emphasizes that biometrics represent the most viable option for identity verification, compared to compromised passwords and limitations of physical identification documents.

Aware Inc. (NASDAQ: AWRE) reported its Q4 and full-year 2024 financial results, showing mixed performance. For full-year 2024, total revenue decreased 5% to $17.4 million, while recurring revenue increased 9% to $12.0 million. The company's net loss improved 39% to $4.4 million.

In Q4 2024, total revenue increased 10% year-over-year to $4.8 million, though recurring revenue decreased 10% to $3.3 million. The quarterly net loss decreased 72% to $1.2 million. The company ended the year with $27.8 million in cash and marketable securities.

Newly appointed CEO Ajay Amlani acknowledged industry challenges including macroeconomic headwinds and government budget constraints, while announcing plans to sharpen go-to-market strategy and enhance execution efforts for 2025.

Aware Inc. (NASDAQ: AWRE), a global biometric platform company specializing in data science, machine learning, and AI for biometric identity solutions, has scheduled its Fourth Quarter and Full Year 2024 financial results webcast for Wednesday, March 5, 2025, at 5:00 p.m. Eastern time.

The company will release its financial results via press release before the webcast. Management will conduct a presentation followed by a Q&A session. Participants can submit questions in advance by emailing AWRE@gateway-grp.com. The presentation recording will be available in the investor relations section of Aware's website for approximately 90 days after the event.

Aware Inc. (NASDAQ: AWRE) has appointed Ajay Amlani as its new Chief Executive Officer, succeeding Robert Eckel who retired in late 2024. Amlani brings nearly two decades of experience in government, private sector innovation, and identity technology.

Prior to joining Aware, Amlani served as Head of the Americas at iProov and held senior positions at Idemia. His background includes founding the company that became CLEAR, which now serves over 10 million Americans, and YOU Technology, a mobile-first identity platform serving 180 million Americans. He also worked at the Department of Defense's Defense Innovation Unit and was one of the early founders of the Department of Homeland Security.

The appointment follows an extensive international search process, with Aware's Board Chairman highlighting Amlani's deep industry expertise, visionary leadership, and track record of building and scaling impactful platforms as key factors in his selection.

Aware Inc. (NASDAQ: AWRE) has appointed CFO David Traverse as Interim Chief Executive Officer, effective January 1, 2025, following Bob Eckel's resignation after serving as CEO since September 2019. The company's board is currently conducting a CEO search, with results expected to be announced soon.

Traverse, who joined Aware in April 2020 as Corporate Controller, has served as Principal Financial Officer and Treasurer since October 2023, before being appointed CFO in June 2024. His background includes previous roles as VP and Corporate Controller at SeaChange International and CFO at Artel Video Systems, along with experience as a Certified Public Accountant.

Aware Inc. (NASDAQ: AWRE) reported Q3 2024 financial results with total revenue of $3.8 million, down 41% from $6.4 million in Q3 2023. However, recurring revenue grew 29% to $2.8 million. Operating expenses decreased to $5.3 million from $5.6 million year-over-year due to cost optimization initiatives. The company secured a $1 million booking with a European government and launched AwareID on WordPress Marketplace. Cash position stood at $27.4 million as of September 30, 2024. The company reaffirmed expectations for double-digit annual recurring revenue growth in 2024.

Aware, Inc. (NASDAQ: AWRE) has launched AwareID, its cloud-based authentication platform, on the WordPress Marketplace. This move aims to make biometric authentication more accessible to businesses, offering secure, fast, and cost-effective solutions for website owners and developers. The plug-in enables biometric-based KYC and authentication to reduce fraud, protect revenue, and meet compliance regulations.

Key points:

• AwareID is now available as a plug-in for WordPress users
• Builds upon previous integration with WooCommerce for online gaming and sweepstakes
• Offers immediate use cases for online gambling, retail, and content access control
• Joins Aware's existing technology stack, including White Labeled Apps, SDKs, APIs, and OpenID Connect integration options

This launch is expected to significantly impact various industries, particularly e-commerce, by democratizing access to biometric authentication solutions.