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), 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.
Aware, Inc. (NASDAQ: AWRE), a leader in authentication technology, will hold a webcast on March 9, 2023, at 5:00 p.m. Eastern to discuss its financial performance for Q4 and full year 2022. The webcast will include a presentation by management followed by a Q&A session. Financial results will be released prior to the event. Interested participants can submit questions via email. A replay will be available in the company's investor relations section for 90 days post-event. Aware specializes in adaptive biometrics to secure identities for government and commercial enterprises.
Aware, Inc. (NASDAQ: AWRE) will showcase its mobile biometric solutions at MWC Barcelona to enhance security and user experience in financial apps. Key offerings include Knomi, an integration framework for established organizations, and AwareID™, a versatile SaaS solution for businesses of any size. The Knomi framework emphasizes reliable customer onboarding through advanced biometrics, while AwareID simplifies authentication with a low-code platform, catering to varied organizational needs. Aware's technologies aim to address fraud while minimizing user friction, crucial for competitive positioning in mobile finance.
Aware, Inc. (NASDAQ: AWRE) has significantly expanded its biometric authentication solutions across various U.S. federal agencies in 2022. The company's technology is now utilized by all three branches of the federal government and 12 out of 15 executive departments. Notable engagements include automating smart card PIN verifications and enhancing background check processes. Aware's CEO, Bob Eckel, highlighted the growth potential in the federal market, noting strong client satisfaction and ongoing partnerships. The press release also includes a caution regarding forward-looking statements and associated risks.
Aware, a leader in authentication technology, announced it has achieved SOC 2 Type I compliance for its AwareID platform, as verified by independent auditor Aprio. This compliance ensures that AwareID meets stringent security standards crucial for handling sensitive biometric data. CEO Dr. Mohamed Lazzouni highlighted that this validation enhances trust among customers, particularly in sectors like financial services where data privacy is paramount. The SOC 2 framework confirms Aware's commitment to robust information security practices.
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