Aware Stock Price, News & Analysis

Aware, a global leader in biometric authentication, showcased its Knomi platform at the America Digital Congress in Santiago, Chile, on September 7-8, 2022. This innovative solution addresses the rising fraud in Latin America, where up to 20% of accounts are fraudulently opened. Currently protecting 55 million users, Knomi employs advanced facial and speaker recognition technologies. Aware's platform offers a user-friendly, passwordless experience, which aligns with consumer preferences for biometric authentication over traditional passwords.

Aware, Inc. (NASDAQ: AWRE), a leader in biometric authentication, has appointed Craig Herman as Chief Revenue Officer. Herman's role will focus on optimizing go-to-market strategies to seize opportunities within the $12.9B multi-factor authentication market. With over 20 years of experience in driving revenue for SaaS companies, Herman aims to enhance Aware's sales efforts, improve customer success programs, and drive repeatable revenue growth. This strategic hire is seen as crucial for Aware's growth trajectory and market leadership in authentication.

Aware, Inc. (NASDAQ: AWRE) will showcase its mobile biometric authentication solutions, including the Knomi framework, at the Febraban Tech conference in Sao Paulo from August 9-11, 2022. Aware aims to highlight the advantages of its fraud-resistant technology to the Latin American financial sector, where Knomi is already utilized by top banks. The conference is seen as a pivotal opportunity to network and demonstrate innovations in secure mobile banking. Participants can visit Booth 66 for live demonstrations and insights into Aware's upcoming products.

Aware, Inc. (NASDAQ: AWRE) showcased its AwareABIS and AFIX Tracker products at the 2022 IAI Educational Conference in Omaha, NE. The event, running from July 31 to August 6, focused on forensic evidence and crime scene processing. AwareABIS offers a flexible and affordable biometric identification system that supports multiple modalities, including fingerprint and facial recognition. AFIX Tracker caters to smaller law enforcement communities, enhancing security and operational efficiency. Live demonstrations provided attendees insights into the products' capabilities.

Aware, Inc. (NASDAQ: AWRE) reported second quarter 2022 revenue of $4.2 million, down slightly from $4.3 million in Q2 2021 and $4.7 million in Q1 2022, primarily due to supply chain delays. Recurring revenue represented 56% of total revenue, marking an improvement over last year. The company posted a net loss of $1.3 million, consistent with previous quarters, while cash reserves stood at $25 million. Aware aims to enhance its subscription base and strengthen its market position through new partnerships in the financial sector.

Aware, Inc. (NASDAQ: AWRE), a leader in adaptive authentication technology, will host a webcast on July 26, 2022, at 5:00 p.m. ET to discuss its financial results for Q2 2022, ending June 30, 2022. The event will include a presentation by Aware management followed by a Q&A session. Interested parties can submit questions in advance via email. Following the call, a replay will be accessible on the investor relations section of Aware's website for 90 days. Aware specializes in biometric authentication solutions tailored for diverse security needs.

Aware, Inc. (NASDAQ: AWRE) has successfully completed the sale of its outdated building in Bedford, MA, securing $8.85 million in cash proceeds. After transaction-related expenses, the company netted over $8 million, strengthening its balance sheet. Aware plans to move to a more modern facility in Burlington, MA by year-end. This transaction supports Aware's strategy to transition into a subscription-based SaaS platform, providing additional capital for organic growth and strategic investments.

Aware is showcasing its authentication solutions at Identity Week Europe 2022 in London on June 28-29. As demand for advanced biometric technologies rises, Aware will present its expertise in passwordless authentication and zero trust security measures. Key sessions include a presentation on zero trust requirements and a roundtable discussion on best practices. Aware's featured product, Knomi, leverages face and speaker recognition for secure authentication. The company emphasizes its commitment to providing effective identity security solutions.

Aware, Inc. (NASDAQ: AWRE) is set to showcase its advanced mobile biometric authentication solutions at the Celaes LATAM conference in Miami on June 20-21, 2022. These solutions aim to combat the increasing fraud risks associated with mobile banking in Latin America. Aware’s Knomi platform offers passwordless authentication with strong security features, including passive liveness detection, designed to protect user identities and assets. Attendees will experience live demonstrations and previews of upcoming offerings from Aware.