Welcome to our dedicated page for Aware news (Ticker: AWRE), a resource for investors and traders seeking the latest updates and insights on Aware stock.
Aware, Inc. (NASDAQ: AWRE) is a biometric identity and authentication company whose news flow centers on technology developments, certifications, and financial performance. Public announcements describe Aware as a global biometric platform company and a global leader in biometric identity and authentication solutions, with its Awareness Platform transforming biometric data into actionable intelligence for government and commercial users.
News about Aware often covers quarterly financial results, where the company reports revenue from software licenses, software maintenance, services, and software subscriptions, along with metrics such as recurring revenue and adjusted EBITDA. These updates provide insight into how Aware’s subscription-based and license-based models are evolving and how its investments in research, development, and go-to-market activities affect operating results.
Another major theme in Aware’s news is product and technology innovation. The company has announced Intelligent Liveness, a liveness detection capability that combines passive and active methods, and has highlighted improvements such as faster face matching performance and smarter mobile face capture in its Awareness Platform. Releases also describe performance in independent evaluations, including best-in-class passive liveness detection results in the U.S. Department of Homeland Security’s Remote Identity Validation Technology Demonstration and recognition as a Luminary in Core Identity Technology in the Prism Project’s Deepfake and Synthetic Identity Report.
Regulatory and standards-related milestones feature prominently as well. Aware has reported earning FIDO Alliance Certification for Face Verification for its identity verification technology, following testing with an accredited biometric testing laboratory. Executive appointments and leadership changes, such as additions to its marketing and revenue leadership, are also part of its regular news flow.
Investors and observers who follow AWRE news can expect updates on financial results, recurring revenue trends, biometric platform enhancements, independent test results, certifications, and leadership developments. These items provide context on how Aware positions its biometric identity and authentication solutions in government and commercial markets.
Aware, Inc. (NASDAQ: AWRE) reported Q3 2020 revenue of $2.5 million up 31% from Q2 2020, driven by software licenses, despite a year-over-year decline from $3.0 million due to COVID-19-related delays. The operating loss narrowed to $2.5 million from $3.7 million sequentially but widened from $1.2 million year-over-year. Year-to-date revenue decreased to $7.9 million from $9.8 million. Net loss was $1.8 million or $(0.08) per diluted share. Cash totaled $42.3 million. Strong growth in Knomi subscriptions and transaction volume highlights the company's operational improvements and strategic focus on market expansion.
Aware, Inc. (NASDAQ: AWRE) announced that Marquis Software is using its Knomi mobile biometric authentication solution to authenticate over 10,000 offenders in Arkansas. The system employs face and voice liveness detection, enhancing security during online check-ins for parole and probation. Aware also released enhancements to Knomi's voice authentication, improving dual-authentication capabilities. This transition to mobile biometrics was expedited due to COVID-19, showcasing Aware's commitment to innovation in biometric identity verification.
Aware, Inc. (NASDAQ: AWRE), a biometrics software provider, has appointed Gateway Investor Relations to launch a comprehensive investor relations program. This initiative aims to enhance Aware's communication of its technological advancements, particularly in its Knomi® mobile biometric authentication framework. CEO Bob Eckel highlighted significant investments in technology that position Aware for growth in subscription-based services. Gateway will refine messaging and corporate positioning, opening channels to institutional investors and analysts to promote Aware's identity solutions.
Aware, Inc. (NASDAQ: AWRE) announced on Sept. 15, 2020, that its Knomi® solution successfully passed presentation attack detection (PAD) testing levels 1 and 2 per ISO/IEC 30107-3, conducted by iBeta Quality Assurance. This achievement places Aware among a select few that have met these stringent standards. Knomi reported a flawless Attack Presentation Classification Error Rate (APCER) of 0%, marking a significant milestone in mobile biometric security. The solution leverages passive liveness technology for secure multifactor authentication, vital in today's mobile-centric environment.
Aware, Inc. (NASDAQ: AWRE) announced the launch of Knomi D version 2.7.3, enhancing its mobile biometric authentication framework. Knomi D supports secure multifactor authentication using face and voice recognition, especially in areas with limited network connectivity. This version aligns with Aware's commitment to privacy and security while offering flexibility for customers. Knomi D utilizes the same API design as Knomi S, ensuring high accuracy. The release emphasizes Aware's strategic focus on customizable biometric solutions catering to diverse client needs.
Aware, Inc. (NASDAQ: AWRE) reported a revenue decline in Q2 2020, generating $1.9 million compared to $3.0 million in Q2 2019. The operating loss widened to $3.7 million from $1.2 million due to COVID-19-related delays in licensing and services. For the first half of 2020, revenue was $5.4 million, down from $6.7 million in the previous year. The net loss increased to $4.2 million, or $0.20 per diluted share, from $0.7 million, or $0.03 per diluted share, year-on-year. Despite these challenges, Aware highlights growth in its subscription-based business and ongoing investments in engineering and sales.