Earnings Releases·Oct 28, 2026, 4:12 PM ET

Aware, Inc. — Third Quarter 2026 Earnings Summary

Total revenue declined 14% year-over-year to $4.4 million, while recurring revenue rose 11% to $4.0 million; operating expenses fell 16% to $5.4 million, narrowing the operating loss to $0.9 million from $1.3 million in the prior-year period.
Net loss improved to $0.8 million ($0.04 per share) from $1.1 million ($0.05 per share), and Adjusted EBITDA loss decreased to $0.5 million from $0.8 million, driven by cost-reduction actions expected to yield $4.0 million in annualized savings.
Management prioritizes revenue consistency and expanding existing customer bases to enter 2027, noting increased federal solicitation activity following the restoration of Department of Homeland Security funding despite difficult procurement cycles.
Strategic wins include a new government deployment of Intelligent Liveness capabilities and a commercial partnership with an Adobe Acrobat Sign distributor for Latin America, though software license revenue dropped to $1.9 million from $2.5 million.
The company ended the quarter with $15.4 million in cash and marketable securities with no debt, while nine-month net loss widened to $6.8 million due to $0.7 million in one-time severance costs.