Welcome to our dedicated page for Aware SEC filings (Ticker: AWRE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Aware, Inc. (NASDAQ: AWRE) SEC filings page on Stock Titan provides access to the company’s official regulatory disclosures filed with the U.S. Securities and Exchange Commission. Aware is a Massachusetts-incorporated biometric identity and authentication company based in Burlington, Massachusetts, and it files periodic and current reports that describe its financial condition, operating results, and material events.
Among the key documents available through EDGAR are current reports on Form 8-K. For example, Aware has filed 8-K reports to furnish press releases describing its financial results and condition for quarters ended in 2025, including the second and third quarters. These filings typically attach earnings releases that detail revenue from software licenses, software maintenance, services and other revenue, and software subscriptions, as well as operating expenses, net loss, and non-GAAP metrics such as adjusted EBITDA and recurring revenue.
Investors can also use Aware’s SEC filings to understand how the company defines and uses non-GAAP measures, since the earnings releases included in filings explain how adjusted EBITDA and recurring revenue are calculated and why management considers them useful. Risk factor discussions referenced in Aware’s annual report on Form 10-K, such as dependence on government customers and third-party channel partners, competition in the biometrics market, and exposure to rapid technological change, provide additional context on the company’s operating environment.
Through Stock Titan, users can monitor new Aware filings as they are posted to EDGAR, including 10-K annual reports, 10-Q quarterly reports, and 8-K current reports when they become available. AI-powered tools on the platform can help summarize lengthy filings, highlight key financial and risk disclosures, and surface information related to recurring revenue, operating trends, and other topics of interest. This makes it easier to review Aware’s regulatory history, track updates over time, and connect narrative disclosures with the company’s reported financial performance.
Aware, Inc. reported Q1 2026 revenue of $3.4 million and an operating loss of $3.7 million, compared with revenue of $3.6 million and an operating loss of $1.9 million a year earlier. Net loss widened to $3.5 million, or $0.16 per share.
Software license revenue fell to $1.0 million, while software maintenance held steady at $2.1 million and services and other revenue rose to $0.3 million, helped by higher SaaS revenue of $148 thousand. Total engineering costs increased to $3.3 million, reflecting higher headcount and severance.
In March 2026, the company implemented a cost‑saving plan, recording about $0.7 million of one‑time severance tied to workforce reductions. Aware ended the quarter with $19.6 million in cash, cash equivalents, and marketable securities and used $2.7 million of cash in operating activities, while stating its belief that current liquidity is sufficient for at least the next twelve months.
Aware, Inc. reported first quarter 2026 revenue of $3.4 million, down slightly from $3.6 million a year earlier, as lower perpetual license sales were partly offset by higher subscription revenue. Operating expenses rose to $7.0 million from $5.5 million, including $0.7 million of one-time severance tied to a workforce reduction supporting its shift to a platform-focused model.
Net loss widened to $3.5 million, or $(0.16) per diluted share, compared with a $1.6 million loss, or $(0.08) per share, in the prior-year quarter. Adjusted EBITDA loss was $3.2 million versus $1.5 million. Recurring revenue increased to $2.9 million from $2.7 million, reflecting growth in subscriptions and services. The company expects actions taken to reduce operating expenses by $4.0 million on an annualized basis starting in Q2 2026. Cash and cash equivalents were $4.6 million as of March 31, 2026, down from $7.3 million at December 31, 2025.
Aware, Inc. adopted a new Executive Bonus Plan for 2026 that ties senior leaders’ cash bonuses to financial performance. The Compensation Committee set target bonuses of $200,000 for CEO Ajay Amlani, $120,000 each for CRO Brian Krause and CMO Lona Therrien, and $100,000 for CFO David Traverse.
Bonuses are based on two equally weighted performance goals: Revenue (50%) and Adjusted EBITDA (50%). Each goal has a threshold, target and enhanced target, with payouts ranging from 0% to up to 200% of the goal-specific target bonus, using linear interpolation between levels.
Aware, Inc. Chief Financial Officer David K. Traverse reported an open-market purchase of company stock. On March 17, 2026, he bought 4,500 shares of Aware common stock at a price of $1.15 per share. Following this transaction, his directly held stake increased to 60,984 shares.
Aware Inc. director John S. Stafford III purchased 16,754 shares of Common Stock in an open-market transaction at $1.28 per share. After this buy, he directly holds 5,121,954 shares. This filing shows a director increasing his personal stake through a routine market purchase.
Aware, Inc. reported that Chief Technology Officer Mohamed Lazzouni has left the company, effective March 10, 2026. On the same date, Aware and Mr. Lazzouni entered into a separation agreement that implements the severance arrangements described in his November 19, 2019 employment agreement.
The separation agreement includes a non-compete commitment by Mr. Lazzouni through March 9, 2027 and a general release of claims against Aware. The company filed the full separation agreement as an exhibit for reference and stated that no financial statements are required with this report.
Aware, Inc. is a Massachusetts-based biometrics software company focused on fingerprint, face, iris and voice identification for government and commercial customers. It sells licenses, maintenance, SaaS and services through integrators, OEMs, partners and direct channels.
In 2025, total revenue was $17.3 million, essentially flat versus 2024’s $17.4 million, while the operating loss widened to $6.6 million from $5.5 million as research and development, cost of revenue and general and administrative expenses increased. SaaS revenue grew to $0.4 million from $0.1 million, reflecting early traction for its cloud-based offerings.
Cash, cash equivalents and marketable securities totaled $22.3 million at December 31, 2025, and the company reported no material legal proceedings or cybersecurity incidents. Aware employed 80 people and continues to invest heavily in engineering to expand its biometrics platforms and cloud services despite ongoing net losses.
Aware, Inc. reported largely flat revenue for 2025 while increasing its investment in products and growth. Full-year revenue was $17.3 million, slightly below $17.4 million in 2024, as lower perpetual license sales were mostly offset by higher maintenance, subscription, and services revenue.
The company posted a full-year net loss of $5.9 million, or $(0.28) per diluted share, compared to a $4.4 million loss in 2024, reflecting higher research and development, personnel, and product development costs. Cash, cash equivalents, and marketable securities totaled $22.3 million as of December 31, 2025, down from $27.8 million a year earlier.
Aware, Inc. director Brent P. Johnstone reported an equity award. He acquired an unrestricted stock award covering 44,118 shares under Aware’s 2023 Equity and Incentive Plan. The award was granted at a price of $0.00 per share as a stock-based compensation grant.
The shares will be issued in two equal installments of 22,059 shares on June 30, 2026 and December 31, 2026, provided he continues serving as a director, officer or employee of Aware or its subsidiaries on those dates. Following this report, he directly owns 271,653 shares of Aware common stock.
Evee Gary reported acquisition or exercise transactions in this Form 4 filing.
Aware, Inc. director Evee Gary reported receiving a grant of 47,059 shares as an unrestricted stock award under the company’s 2023 Equity and Incentive Plan. The award was recorded on February 23, 2026 at a price of $0.00 per share.
According to the grant terms, 23,529 shares are scheduled to be issued on June 30, 2026, and 23,530 shares on December 31, 2026, if Gary is still serving as a director, officer, or employee on those dates. After this award, direct common stock holdings stand at 127,764 shares.