Aware Inc /MA/ reported results for the quarter ended Q2 2026 with revenue of $3.254M and a net loss of $2.565M, or diluted EPS of $(0.12), as revenue declined versus the year‑ago quarter and losses widened.
Financial Highlights
- Revenue was $3.254M for Q2 2026, down from $3.895M in the year‑ago quarter ( (16.4%)).
- Net income (loss) was a loss of $2.565M for Q2 2026, compared with a loss of $1.769M in the year‑ago quarter (worsened YoY).
- Diluted earnings per share was $(0.12) for Q2 2026, versus $(0.08) in the year‑ago quarter (more negative YoY).
Business Highlights
- Revenue trend: Quarterly revenue declined to $3.3M in Q2 2026 and $6.6M year‑to‑date, driven by lower one‑time perpetual software license sales.
- Channel & product mix: Company is shifting toward recurring maintenance and SaaS; maintenance now represents roughly 61% of revenue and SaaS grew to $0.3M YTD.
- Cost & staffing actions: Engineering spend increased due to 2025 hires; in March 2026 the company implemented workforce reductions and severance to realign its cost structure.
- Operational focus & outlook: Continued emphasis on legacy government biometrics while expanding commercial markets; management expects further engineering cost reductions and anticipates fluctuating license sales.
Original SEC Filing:
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