AWARE INC /MA/

Listed Company

AWRECIK 0001015739NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareMassachusettsFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

—

Equity

—

Shares Out

21.63M

Op. Cash Flow

$-5.40M

Business

Aware, Inc. is a biometric identification company that validates and secures identities using physiological biometrics to enable authentication and identity management for government and commercial customers. It offers software products and services including enrollment, identification, authentication, lifecycle management, SDKs and APIs, integrated platforms (AwareABIS, AFIX, BioSP, WebEnroll), AwareID SaaS, imaging products (JPEG2000), and program management and engineering services. Its key business segments include integrated frameworks and platforms, building-block SDKs and applications, imaging products, software maintenance, and professional services. Aware sells its solutions globally via partner channels, system integrators, OEMs, VARs, and direct sales to government and enterprise customers, with offerings delivered as on-premises licenses or cloud/SaaS subscriptions.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	17	17	18	16	17
Cost of revenue	1	835,000	1	1	1
Research and development	8	8	9	9	9
Selling and marketing	7	8	8	7	6
General and administrative	7	7	7	7	6
Total costs and expenses	24	23	27	18	23
Operating loss	−7	−6	−9	−2	−6
Interest and other income	941,000	1	1	540,000	4,000
Loss before provision for income taxes	−6	−4	−7	−2	−6
Provision for income taxes	300,000	53,000	59,000	49,000	−300,000
Net loss	−6	−4	−7	−2	−6
Unrealized (loss) gain on available for sale securities	−23,000	56,000	305,000	−110,000	—
Comprehensive loss	−6	−4	−7	−2	−6
Net loss per share - basic	−0.28	−0.21	−0.35	−0.08	−0.27
Net loss per share - diluted	−0.28	−0.21	−0.35	−0.08	−0.27
Weighted-average shares - basic	21	21	21	22	22
Weighted-average shares - diluted	21	21	21	22	22

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	7	13	10	12	30
Marketable securities	15	15	21	17	—
Accounts receivable, net	3	3	2	3	4
Unbilled receivables, net	1	1	1	3	3
Prepaid expenses and other current assets	2	1	1	693,000	591,000
Total current assets	28	33	36	37	39
Property and equipment, net	477,000	477,000	579,000	726,000	3
Intangible assets, net	2	2	2	3	3
Goodwill	3	3	3	3	3
Right of use asset, net	4	4	4	5	—
Other long-term assets	122,000	122,000	122,000	122,000	—
Total assets	37	43	46	51	48
Accounts payable	1	894,000	280,000	639,000	283,000
Accrued expenses	930,000	1	2	1	2
Current portion operating lease liabilities	676,000	656,000	637,000	470,000	—
Deferred revenue	5	5	5	3	4
Total current liabilities	8	8	8	6	6
Long-term deferred revenue	261,000	296,000	611,000	322,000	191,000
Long-term operating lease liabilities	3	4	4	4	—
Total long-term liabilities	4	4	4	5	1
Commitments and contingent liabilities (Note 10)	—	—	—	—	—
Preferred stock, $1.00 par value; 1,000,000 shares authorized, none outstanding	—	—	0	0	0
Common stock, $.01 par value; 70,000,000 shares authorized; 21,444,665 and 21,096,580 shares issued and outstanding as of December 31, 2025 and 2024, respectively	215,000	211,000	210,000	211,000	216,000
Additional paid-in capital	102	100	99	98	98
Accumulated deficit	−76	−70	−66	−58	−56
Accumulated other comprehensive income	228,000	251,000	195,000	−110,000	—
Total stockholders equity	26	31	34	40	42
Total liabilities and stockholders equity	37	43	46	51	48

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	572,000	562,000	578,000	760,000	687,000
Stock-based compensation	1	1	2	2	2
Non-cash lease expense	46,000	66,000	237,000	128,000	—
Loss on write-off of note receivable	224,000	0	—	—	—
Credit (recoveries) losses, net	−14,000	74,000	−15,000	344,000	−64,000
Accounts receivable	−74,000	−542,000	648,000	332,000	−1
Unbilled receivables	−268,000	321,000	2	−71,000	−837,000
Prepaid expenses and other current assets	−776,000	−253,000	−613,000	−406,000	−9,000
Tax receivable	12,000	−68,000	1	49,000	−13,000
Accounts payable	151,000	614,000	−359,000	356,000	−249,000
Accrued expenses	−517,000	−261,000	422,000	−628,000	380,000
Deferred revenue	−49,000	−375,000	2	−7,000	−193,000
Net cash used in operating activities	−5	−3	2	−5	−6
Purchases of property and equipment	−165,000	−45,000	−16,000	−730,000	−27,000
Purchases of marketable securities	−7	−5	−9	−19	—
Sale of marketable securities	7	11	6	1	—
Net cash (used in) provided by investing activities	−274,000	6	−3	−12	−2
Proceeds from sale of common stock	87,000	74,000	96,000	154,000	163,000
Payments made for taxes of employees who surrendered shares related to unrestricted stock	−3,000	−26,000	−16,000	−26,000	−54,000
Repurchase of common stock	−115,000	−207,000	−506,000	−1	—
Net cash used in financing activities	−31,000	−159,000	−426,000	−1	109,000
(Decrase) increase in cash and cash equivalents	−6	3	−2	−18	−9
Cash paid for income taxes	75,000	172,000	136,000	—	—

Filings

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