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Aware (AWRE) investor relations material
Aware Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary29 Oct, 2025
Executive summary
Achieved 33% year-over-year revenue growth in Q3 2025, reaching $5.1 million, driven by new customer activity, expansion within the existing base, and strong software license sales.
Net loss improved to $1.1 million ($0.05 per diluted share) in Q3 2025 from $1.2 million ($0.06 per share) in the prior year, with adjusted EBITDA loss narrowing to $0.8 million from $1.1 million.
Operating expenses rose to $6.4 million in Q3 2025 from $5.3 million in Q3 2024, reflecting investments in sales, marketing, and product development.
Launched Intelligent Liveness and achieved FIDO Alliance Certification for Face Verification, reinforcing leadership in biometric security.
CEO transition from Robert Eckel to Ajay Amlani in early 2025.
Financial highlights
Q3 2025 revenue was $5.1 million, up 33% year-over-year, with software license revenue rising 115% to $2.5 million and maintenance revenue up 5% to $2.4 million.
Services and other revenue declined 45% to $0.2 million in Q3 2025.
Gross margin for Q3 2025 was 90%, down from 93% in Q3 2024; cost of revenue increased to $0.5 million.
Cash, cash equivalents, and marketable securities totaled $22.5 million as of September 30, 2025, down from $27.8 million at year-end 2024.
Deferred revenue increased to $6.5 million as of September 30, 2025.
Outlook and guidance
Quarterly results may vary due to timing of customer decisions, license mix, and potential short-term impacts such as government shutdowns.
Operating expenses are expected to increase in Q4 due to the full impact of Q3 investments.
Cash resources are expected to be sufficient to fund operations for at least the next twelve months.
Anticipate more consistent and recurring revenue as the go-to-market engine matures.
Long-term strategy remains focused on sustainable growth and value creation.
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Q4 202511 Mar, 2026
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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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