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AWARE INC /MA/ President & CEO Ajay K. Amlani bought shares of the company’s common stock in the open market. On this transaction date, he purchased 9,480 shares at a price of $1.30 per share. After this open-market purchase, his directly held position increased to 892,374 common shares.
AWARE INC director John S. Stafford III reported two open-market purchases of the company’s Common Stock. He bought 15,720 shares on May 4, 2026 and 3,868 shares on May 5, 2026, both at $1.25 per share. After these transactions, he directly holds 5,141,542 shares of Aware common stock.
Aware Inc. President & CEO Ajay K. Amlani bought 15,000 shares of the company’s Common Stock in an open-market transaction at $1.30 per share. After this purchase, he directly holds 882,894 shares of Aware common stock, increasing his personal equity stake in the company.
Aware Inc. President & CEO Ajay K Amlani reported two open-market purchases of the company’s Common Stock. On May 1, he bought 18,901 shares at $1.15 per share. On May 4, he bought an additional 10,952 shares at $1.17 per share. Following these transactions, he directly owns 867,894 shares of Aware Inc. common stock.
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.