Aware Inc
NASDAQ:AWRE
Aware Inc
Aware, Inc. is a biometrics software and services company. The company is headquartered in Bedford, Massachusetts and currently employs 81 full-time employees. The firm enables government agencies and commercial entities to enroll, identify, authenticate and enable using biometrics, which comprises physiological characteristics, such as fingerprints, faces, irises and voices. The Company’s portfolio of biometric solutions and robust products designed explicitly for ease of integration, including customer-managed and integration ready biometric frameworks, platforms, software development kits and services. The Company’s principal government applications of biometrics systems include border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control and background checks. The Company’s principal commercial applications include mobile enrollment, user authentication, identity proofing, and secure transaction enablement.
Aware, Inc. is a biometrics software and services company. The company is headquartered in Bedford, Massachusetts and currently employs 81 full-time employees. The firm enables government agencies and commercial entities to enroll, identify, authenticate and enable using biometrics, which comprises physiological characteristics, such as fingerprints, faces, irises and voices. The Company’s portfolio of biometric solutions and robust products designed explicitly for ease of integration, including customer-managed and integration ready biometric frameworks, platforms, software development kits and services. The Company’s principal government applications of biometrics systems include border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control and background checks. The Company’s principal commercial applications include mobile enrollment, user authentication, identity proofing, and secure transaction enablement.
Revenue: Q4 revenue was $4.7 million (down from $4.8M year-ago); full-year 2025 revenue was $17.3 million (down from $17.4M).
Profitability: Q4 net loss was $1.5 million, or $0.07 per diluted share; full-year net loss was $5.9 million, or $0.28 per diluted share. Adjusted EBITDA loss was $800,000 in Q4 and $4.6 million for the year.
Cash & Balance Sheet: Ended the year with $22.3 million in cash, cash equivalents and marketable securities and no debt; increased spending to advance tech, certifications and go-to-market.
Certifications & Validation: Achieved ISO-30107 Level 3 for presentation-attack detection, ISO-27001, strong DHS evaluation results and other independent bias/accuracy testing—management says these materially expand opportunity set.
Pipeline & Timing: Management emphasized strong pipeline and increased federal engagement but warned government procurement timing (including effects from the prior shutdown) will continue to create quarter-to-quarter variability.
Product Focus: Continued investment in Intelligent Liveness and biometric orchestration (Aware platform) with emphasis on liveness, fairness, subsecond capture and modular integration.
AI Positioning: Management sees LLMs/AI as an enabler (not a disrupter)—plans to leverage AI to improve models, speed development and drive product differentiation.
Execution Signals to Watch: Management asked investors to monitor conversion of pilots/evaluations into production, recurring software deployments, larger solution wins and more consistent bookings in 2026.
