Aware Inc.
10/29/2025 | Press release | Distributed by Public on 10/29/2025 14:15
Investor Contact (Form 8-K)
|
Investor Contact Matt Glover Gateway Group, Inc. 949-574-3860 |
|
Aware Reports Third Quarter and Nine-Month 2025 Financial Results
BURLINGTON, MASS. - October 29, 2025 - Aware, Inc. (NASDAQ: AWRE), a global leader in biometric identity and authentication solutions, today reported financial results for the third quarter and nine months ended September 30, 2025.
Third Quarter 2025 Financial and Recent Operational Highlights
•
Revenue for the third quarter increased 33% year-over-year to $5.1 million.
•
Net loss improved to $1.1 million, compared to a net loss of $1.2 million in the prior year period.
•
Adjusted EBITDA loss improved significantly to $0.8 million, compared to $1.1 million in the prior year period.
•
Achieved FIDO Alliance Certification for Face Verification in October, positioning Aware among the first to meet FIDO's rigorous standards for secure, passwordless authentication and reinforcing its leadership in biometric security solutions.
•
Launched Intelligent Liveness, Aware's next-generation biometric liveness-detection capability that seamlessly combines passive and active methods to deliver sub-second capture speeds, cut false-negative rates by roughly 50% to our internal benchmarking, and rapidly adapt to new spoofing threats.
•
Expanded engagement with a major U.S. federal agency by adding Intelligent Liveness to a mission-critical biometric program.
•
Added a new financial services customer adopting Aware's biometric verification and adaptive liveness capabilities to reduce fraud and accelerate onboarding, demonstrating the success of Aware's "land-and-expand" strategy within enterprise accounts.
Management Commentary
"In the third quarter, we delivered 33% year-over-year revenue growth and improved our bottom line, reflecting disciplined execution and early validation of Aware's transformation strategy," said Ajay Amlani, Chief Executive Officer and President of Aware. "Our three-pronged transformation continues to guide our work: advancing our core biometric technology with a focus on adaptive liveness, strengthening our science-forward, customer-obsessed, go-to-market model, and deepening strategic partnerships and certifications that build trust and scale. By executing these core initiatives this quarter, we expanded government deployments and increased market penetration, and strengthened Aware's brand, helping to build a strong, qualified commercial pipeline with the 'who's who' in biometrics.
Looking ahead, we remain focused on pursuing large, durable opportunities that translate into multi-year recurring revenue and product leverage. As always, quarterly results may vary based on timing and license mix,
but our long-term strategy remains unchanged. By maintaining disciplined execution, we believe we are building the foundation for sustainable growth and long-term value creation as Aware leads the next era of digital identity."
Third Quarter 2025 Financial Results
Revenue increased 33% year-over-year to $5.1 million, reflecting both strong new customer activity and expansion within our existing base. Growth was driven by $1.0 million in perpetual license expansion with an existing customer and $0.6 million in new term license contracts. These gains were partially offset by typical fluctuations in perpetual and term license timing and recurring revenue components.
Operating expenses were $6.4 million, compared to $5.3 million in the third quarter of 2024. The increase resulted from targeted growth investments in sales, marketing, and product development to advance the Company's go-to-market strategy.
Net loss totaled $1.1 million, or $(0.05) per diluted share, an improvement compared to net loss of $1.2 million, or $(0.06) per diluted share, in the third quarter of 2024.
Adjusted EBITDA loss (a non-GAAP metric reconciled below) totaled $0.8 million, an improvement compared to adjusted EBITDA loss of $1.1 million in the third quarter of 2024. The improvement was primarily due to increased total revenue, partially offset by higher operating expenses.
As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $22.5 million, compared to $27.8 million as of December 31, 2024. The change primarily reflects the operating loss for the period and normal fluctuations in working capital, including timing of accounts receivable collections.
Nine Month 2025 Financial Results
Revenue was $12.6 million for the nine months ended September 30, 2025 and 2024.
Operating expenses were $17.7 million, compared to $16.7 million in the same year-ago period.
Net loss totaled $4.4 million, or $(0.21) per diluted share, compared to net loss of $3.2 million, or $(0.15) per diluted share, in the same year-ago period.
Adjusted EBITDA loss (a non-GAAP metric reconciled below) totaled $3.8 million, compared to adjusted EBITDA loss of $3.0 million in the same year-ago period.
Webcast
Aware management will host a webcast today, October 29, 2025, at 5:00 p.m. Eastern time to discuss these results and provide an update on business conditions. A question-and-answer session will follow management's prepared remarks.
Date: Wednesday, October 29, 2025
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Webcast: Register Here
The presentation will be made available for replay in the investor relations section of the Company's website. The audio recording will be available for approximately 90 days following the live event.
About Aware
Aware (NASDAQ: AWRE) is a proven global leader in biometric identity and authentication solutions. Its Awareness platform transforms biometric data into actionable intelligence, empowering organizations to verify identities and prevent fraud with speed, accuracy, and confidence. Designed for mission-critical enterprise environments, the platform delivers intelligent, scalable architecture, real-time insights, and reliable security-ensuring precise identification when every millisecond matters. Aware headquartered in Burlington, Massachusetts. To learn more, visit our website or follow us on LinkedIn and X.
Aware Inc. published this content on October 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on October 29, 2025 at 20:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]