Quarterly ResultApr 29, 2026, 04:02 PM
AWRE Q1 Revenue $3.4M; Net Loss $(0.16) EPS; Restructuring Costs
AI Summary
Aware, Inc. reported Q1 2026 financial results, with revenue declining to $3.4 million from $3.6 million year-over-year. The company experienced a wider net loss of $3.5 million, or $(0.16) per diluted share, primarily due to increased operating expenses, including $0.7 million in one-time severance costs related to a strategic transition. Management is streamlining operations to shift towards a platform-first approach and expects to reduce annualized operating expenses by $4.0 million starting in Q2 2026.
Key Highlights
- AWRE Q1 2026 revenue was $3.4 million, down from $3.6 million in Q1 2025.
- Operating expenses increased to $7.0 million from $5.5 million, including $0.7 million in severance costs.
- Net loss totaled $3.5 million, or $(0.16) per diluted share, compared to $(0.08) in Q1 2025.
- Adjusted EBITDA loss was $3.2 million, up from $1.5 million in Q1 2025.
- Company expects to reduce operating expenses by $4.0 million on an annualized basis starting Q2 2026.
- Aware delivered strong performance in the DHS Remote Identity Validation Rally, Track 3.
- Software licenses revenue decreased to $1.031 million from $1.316 million YoY.
- Subscription license revenue increased, partially offsetting the decline in perpetual licenses.