The call highlighted substantial strategic and technical progress — best-in-class evaluation results, high-assurance certifications (ISO 30107 Level 3, ISO 27001, FIDO2), product advancements in liveness and orchestration, pilot deployments and a healthy cash position with no debt. However, near-term financial performance remains soft with essentially flat revenue, widening net losses and increased full-year adjusted EBITDA loss driven by continued investments. The business is also exposed to timing variability from federal procurement and long evaluation-to-deployment cycles. Overall, the call signals strong long-term positioning and credibility gains but balanced by short-term financial and timing challenges.

Company Guidance

Management's guidance was largely qualitative: expect continued uneven quarter-to-quarter results driven by federal procurement timing but a focus in 2026 on disciplined execution — converting pilots to production, scaling recurring software and solution-based programs, and improving booking consistency over time. Key fiscal 2025 metrics cited to frame that guidance included Q4 revenue $4.7M (vs. $4.8M prior year), Q4 operating expenses $6.1M (vs. $6.3M), Q4 net loss $1.5M or $0.07/share (vs. $1.2M/$0.06), Q4 adjusted EBITDA loss $0.8M (same as prior year); full-year revenue $17.3M (vs. $17.4M), full-year net loss $5.9M or $0.28/share (vs. $4.4M/$0.21), full-year adjusted EBITDA loss $4.6M (vs. $3.9M), and cash of $22.3M with no debt. They also noted pipeline composition (~75% new logos), milestone deployments (first U.S. federal mobile deployment, Caribbean pilot, Orlando biometric boarding test), performance wins (NIST IR 8491 lowest ratio bias, subsecond capture speeds, 1 of 5 vendors meeting DHS Selfie-to-Document benchmarks and 1 of 3 with zero failure-to-extract and lowest false match rate), and certifications (ISO 30107 Level 3, ISO 27001, FIDO2 Server), all of which management said should support longer-term revenue scaling despite near-term variability.

Strong Technology and Certification Milestones

Achieved multiple high-assurance certifications and lab results: ISO 30107 Level 3 for Presentation Attack Detection, ISO 27001 for information security, FIDO2 Server Certification, and top results in NIST IR 8491 for gender and race parity (lowest ratio bias). Completed DHS RIVR evaluations and was one of 5 vendors to meet all DHS high-performance benchmarks in Selfie-to-Document (one of 3 with zero failure to extract and delivered the lowest false match rate among peers). These validations materially strengthen credibility in government and regulated enterprise markets.

Product Advancements — Intelligent Liveness and Orchestration

Launched next-generation Intelligent Liveness (subsecond capture, reduced false negatives, improved spoof adaptability) and expanded the Awareness orchestration platform to support modular multi-modal biometrics, enterprise-grade security, and vendor-agnostic deployments — positioning the company as a foundational biometric identity provider.

Customer Engagements, Pilots and References

Expanded real-world footprint with deployments and pilots: first mobile biometric solution in a U.S. federal agency, pilot biometric time & attendance in a Caribbean nation, and biometric boarding testing at Orlando International Airport (flagship travel/border reference with DHS and Greater Orlando Aviation Authority). Continued engagement with law enforcement and expanded partner ecosystem.

Retention and Pipeline Composition

Retention performance described as strong and well above industry benchmarks; pipeline composed of approximately 75% new logos and 25% expansion, signaling broad opportunity for future bookings and land-and-expand growth.

Balance Sheet Strength

Ended fiscal year with $22.3 million in cash, cash equivalents and marketable securities and no debt, providing runway to fund continued technology and go-to-market investments.

Q4 Expense Improvement and Adjusted EBITDA Stability

Operating expenses improved in Q4 to $6.1M from $6.3M prior year (down ~3.2%), reflecting absence of prior-year one-time CEO transition costs. Adjusted EBITDA loss for Q4 remained flat at $0.8M compared to the prior-year quarter.

Aware (AWRE) Earnings, Revenues Date & History

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AWRE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2026	2026 (Q1)	- / -	-0.075	―	―	―
Mar 04, 2026	2025 (Q4)	- / -0.07	-0.056	-21.43% (-0.01)	―
Oct 29, 2025	2025 (Q3)	- / -0.05	-0.06	16.67% (<+0.01)	―
Jul 30, 2025	2025 (Q2)	- / -0.08	-0.05	-66.00% (-0.03)	―
Apr 30, 2025	2025 (Q1)	- / -0.07	-0.05	-50.00% (-0.02)	―
Mar 05, 2025	2024 (Q4)	- / -0.06	-0.2	72.00% (+0.14)	―
Oct 30, 2024	2024 (Q3)	- / -0.06	0.05	-220.00% (-0.11)	―
Aug 08, 2024	2024 (Q2)	- / -0.05	-0.13	61.54% (+0.08)	―
May 02, 2024	2024 (Q1)	- / -0.05	-0.07	28.57% (+0.02)	―
Mar 12, 2024	2023 (Q4)	- / -0.20	-0.08	-150.00% (-0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AWRE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 04, 2026	$1.68	$1.57	-6.55%
Oct 29, 2025	$2.52	$2.37	-5.95%
Jul 30, 2025	$2.36	$2.12	-10.17%
Apr 30, 2025	$1.66	$1.62	-2.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Aware (AWRE) report earnings?

Aware (AWRE) is schdueled to report earning on May 06, 2026, After Close (Confirmed).

What is Aware (AWRE) earnings time?

Aware (AWRE) earnings time is at May 06, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What is AWRE EPS forecast?

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