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Aware (AWRE) investor relations material
Aware Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary30 Jul, 2025
Executive summary
Advanced strategic transformation with operational rigor, market alignment, and technology differentiation, including new leadership hires and CEO transition in February 2025.
Achieved strong third-party validation, including top performance in DHS biometric benchmarks and recognition as an industry Luminary.
Expanded presence in federal and international markets, securing national ID programs in the Middle East and a top 15 global financial institution as a customer.
Introduced 14X faster face matching and enhanced mobile face capture, driving product innovation.
Growing late-stage pipeline and focus on onboarding to drive revenue acceleration in 2025 and 2026.
Financial highlights
Q2 2025 revenue was $3.9M, down from $4.3M year-over-year, mainly due to timing of perpetual license sales and lower software license revenue.
Net loss for Q2 2025 was $1.8M ($0.08/share) vs. $1.1M ($0.05/share) prior year; six-month net loss was $3.4M ($0.16/share) vs. $2.1M ($0.10/share).
Adjusted EBITDA loss for Q2 2025 was $1.4M, up from $1.0M year-over-year; six-month adjusted EBITDA loss was $3.0M vs. $1.9M.
Operating expenses for Q2 2025 were $5.9M, up from $5.7M; six-month total was $11.3M, flat year-over-year.
Cash, cash equivalents, and marketable securities totaled $23.7M as of June 30, 2025, down from $27.8M at year-end 2024.
Outlook and guidance
Focus on pipeline advancement, customer onboarding, and scaling business, with revenue timing uncertain due to deal-specific factors.
Investments targeted at growth-supporting areas like customer success, commercial execution, and innovation for sustainable value creation into 2026.
Key growth levers identified in federal government, law enforcement, and commercial markets, with government budget increases expected.
Cash resources expected to be sufficient for at least the next twelve months, though future financing may be needed.
How does Awareness platform combat deepfakes?
What global government trends drive Aware's growth?
How does Aware convert long-cycle pipeline to revenue?
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Frequently asked questions
Aware Inc. is a software company specializing in biometrics and digital identity solutions. The company provides software products and services for fingerprint, face, and iris recognition, as well as authentication and identity management systems. Its technology is used in government, law enforcement, border control, and commercial applications. The company is headquartered in Burlington, Massachusetts, and its shares are listed on the NASDAQ.
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