Aware Stock Price, News & Analysis

Aware (NASDAQ: AWRE) has achieved top performance in the DHS Remote Identity Validation Technology Demonstration (RIVTD), specifically in Track 3 for presentation attack detection (PAD). The company's passive liveness detection technology outperformed other solutions, particularly active PAD systems which showed longer processing times and higher failure rates. The testing, conducted at the Maryland Test Facility, evaluated technologies for identity document verification, selfie-to-ID matching, and liveness detection. This success follows Aware's strong performance in the 2023 NIST FATE-PAD testing. The company plans to showcase additional features in RIVR 2025 testing, including their patented bright screen reflection algorithm and behavioral algorithms. CEO Ajay Amlani emphasized the importance of independent evaluations in validating biometric security technologies.

Aware Inc. (NASDAQ: AWRE) has appointed Lona Therrien as its new Chief Marketing Officer to lead the company's global marketing strategy and operations. Therrien brings over 15 years of cybersecurity industry experience and a proven track record in building high-performing marketing teams. She previously served as CMO at ExtraHop and held leadership roles at prominent companies including Cybereason, Mimecast, RSA, and Symantec.

Named among the Top 50 Women Chief Marketing Officers of 2024, Therrien's appointment follows recent key executive hires including Gary Evee as Chairman, Ajay Amlani as CEO, and Brian Krause as Chief Revenue Officer. This strategic appointment demonstrates Aware's commitment to strengthening its leadership team and accelerating growth in the biometric authentication market.

Aware reported its Q1 2025 financial results, showing total revenue of $3.6 million, down from $4.4 million in Q1 2024. The company posted a net loss of $1.6 million ($0.08 per share), compared to a $1.0 million loss in the same period last year.

Key highlights include:

• Recurring revenue: $2.7 million (down from $3.1 million in Q1 2024)
• Operating expenses: $5.5 million (improved from $5.7 million)
• Cash and equivalents: $24.8 million (decreased from $27.8 million in December 2024)

Under new CEO Ajay Amlani's leadership, Aware is implementing strategic changes, including appointing Brian Krause as Chief Revenue Officer and Gary Evee as board chairman. The company is focusing on scaling its U.S. commercial market presence, expanding government sector footprint, and enhancing its biometric technology platform.

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.