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) 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.
Aware, Inc. (NASDAQ: AWRE) is showcasing its passwordless authentication solutions at the ID4Africa conference from June 15-16, 2022, in Marrakech, Morocco. The company is presenting its Knomi® mobile biometric authentication framework, targeting mobile network operators to enhance security against identity theft and fraud. Aware emphasizes the rising demand for secure mobile transactions and aims to position Knomi as a convenient alternative to traditional passwords. In-person demonstrations will be available at Booth C11.
Aware, Inc. (AWRE) announces significant growth in biometric solutions for financial services, particularly in Brazil, Mexico, and Turkey. With mobile banking projected to surge over 155% by 2026, Aware addresses rising fraud, which has increased 18% annually. The company has partnered with major banks, enhancing security for over 55 million users and $400 billion in assets in Latin America. In Turkey, Aware's technology supports 1 million annual digital transactions, promoting secure, passwordless customer onboarding and access to accounts.
Aware, Inc. (NASDAQ: AWRE) reported its financial results for Q1 2022, achieving a revenue of $4.7 million, reflecting a 17% sequential increase and a 6% annual growth, marking the highest quarterly revenue since 2018. The recurring revenue surged by 30% year-over-year, driven by a 73% rise in subscription income. The net loss remained stable at $1.3 million, while cash reserves totaled $25.1 million. Aware secured strategic partnerships to enhance its offerings, including a $2.5 million investment in MIRACL. Management aims to exceed the biometric market's projected 15% CAGR.
Aware, Inc. (NASDAQ: AWRE) will host a webcast on April 26, 2022, at 5:00 p.m. Eastern time to discuss its financial results for Q1 2022, ending March 31, 2022. The presentation will be followed by a Q&A session. Interested parties can submit questions in advance via email. A replay of the presentation will be available for 90 days post-event on the company's investor relations website. Aware specializes in adaptive biometrics for identity verification, catering to government and commercial sectors.
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