Aware Stock Price, News & Analysis

Aware, Inc., based in Burlington, Massachusetts, will showcase its innovative biometric authentication solutions at Fintech Americas Miami 2023, taking place May 4-5. The event presents an opportunity for banks and fintechs in LATAM to explore Aware's extensive portfolio, which includes digital onboarding, secure authentication, and layered security for high-value transactions. Alessandro Chiarini, SVP of Enterprise Authentication, emphasized the necessity for ongoing digital transformation and adaptation in the financial sector. Aware's offerings feature advanced security features, including liveness detection and customizable solutions for both large enterprises and small to midsize businesses. Celebrating its 30th anniversary, Aware focuses on providing secure, frictionless user experiences.

For more information, visit Aware's booth 407C during the event or schedule a virtual meeting to learn about their solutions.

Aware, Inc. (NASDAQ: AWRE), a leader in authentication solutions, will host a webcast on May 2, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ending March 31, 2023. The results will be released prior to the event.

The presentation will feature management insights and a question-and-answer session. Interested participants can submit questions in advance via email. A recording of the webcast will be available for replay for approximately 90 days in the investor relations section of Aware's website. Aware is celebrating its 30th anniversary and continues to provide adaptive biometric solutions that enhance security for both government and commercial sectors.

Aware, Inc. (NASDAQ: AWRE) announced its partnership with SoftwareONE and AWS Marketplace to enhance the access of its biometric authentication solution, AwareID, for global enterprises. This collaboration aims to leverage AWS Marketplace's extensive reach, allowing Aware to optimize its product for the cloud. Aware's CTO, Dr. Mohamed Lazzouni, emphasized that this strategy will strengthen user confidence and expand the company's market presence. CEO Bob Eckel stated that the initiative is designed to improve accessibility to advanced biometric solutions. The partnership includes AWS funding to modernize AwareID technology for a broader audience.

Aware, a global authentication company, has partnered with Anyline to integrate its Knomi® mobile biometric authentication into the eKYC identity verification process for a major Pakistani bank. This collaboration enables secure remote account opening and identity verification, enhancing customer convenience and security. Knomi's advanced features, such as face recognition and liveness detection, complement Anyline's document scanning capabilities. According to Aware's Chief Revenue Officer, this partnership positions the company favorably in the Middle Eastern market, reflecting the growing demand for secure banking solutions.

Aware, Inc. (NASDAQ: AWRE) has partnered with Uqoud to integrate Knomi, its mobile biometric authentication framework, into Uqoud's contract management platform. This collaboration enables Uqoud to onboard users remotely through facial biometrics and continuously authenticate them, enhancing security for contract signings. Aware's chief revenue officer highlighted the expansion of Aware's footprint in the Middle East as a significant milestone. Uqoud aims to eliminate document fraud while ensuring a smooth contract management process for their users.

Aware, Inc. (NASDAQ: AWRE) reported fourth quarter 2022 revenue of $4.1 million, a slight increase from $4.0 million year-over-year. Recurring revenue rose 16% to $2.6 million, comprising 65% of total revenue. For the full year, revenues totaled $16 million, down from $16.9 million in 2021, primarily due to lower service revenue. The company achieved a net loss of $1.7 million for the full year, improved from a $5.8 million loss the previous year, aided by a $5.7 million gain from the sale of its prior offices. Aware's cash and marketable securities stood at $29 million, supporting its growth strategy and aiming for at least 15% annual recurring revenue growth in 2023.

BURLINGTON, Mass., March 02, 2023 (GLOBE NEWSWIRE) -- Aware (NASDAQ: AWRE) is positioned to capitalize on the increasing demand for biometric authentication in digital banking. At the Future Digital Finance 2023 event on March 6-7, Aware will showcase its mobile biometric solutions, including Knomi® and AwareID®, aimed at enhancing security while improving user experience. Knomi provides a secure onboarding process utilizing advanced technologies like face and speaker recognition, while AwareID combines diverse authentication methods into a low-code platform. Aware's SVP, Alessandro Chiarini, will also speak at a keynote panel addressing the significance of identity services in digitization.