Quarterly ResultMay 1, 2026, 04:07 PM
Aware Inc. Q1 Net Loss $(3.5)M; Revenue $3.4M; Restructuring Charges
AI Summary
Aware Inc. reported a significant widening of its net loss to $(3.458) million in Q1 2026, compared to a net loss of $(1.598) million in the prior year. Total revenue decreased to $3.386 million, primarily due to lower software license sales. The company also incurred $0.7 million in one-time severance costs as part of a restructuring plan aimed at aligning its cost structure with current business needs, contributing to an increased operating loss of $(3.650) million.
Key Highlights
- Incurred $0.7 million in one-time severance costs as part of a Q1 2026 restructuring plan.
- Reported a net loss of $(3.458) million for Q1 2026, compared to $(1.598) million in Q1 2025.
- Total revenue decreased to $3.386 million in Q1 2026 from $3.608 million in Q1 2025.
- Operating loss widened to $(3.650) million in Q1 2026 from $(1.852) million in Q1 2025.
- Software license revenue fell 22% to $1.031 million in Q1 2026 from $1.316 million in Q1 2025.
- Research and development expenses increased to $3.223 million in Q1 2026 from $1.922 million in Q1 2025.
- Cash and cash equivalents were $4.576 million as of March 31, 2026, down from $7.269 million.
- Total assets decreased to $33.200 million as of March 31, 2026, from $37.195 million.
Price Impact
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