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Aware (AWRE)
NASDAQ:AWRE
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -26.33%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in recurring revenue growth, strategic partnerships, and product developments, despite challenges in total revenue decline and operating losses due to the absence of a large onetime sale from the previous year. The company remains optimistic about future prospects with secured deals and ongoing cost management.Company Guidance
During Aware's Q3 2024 earnings call, the company highlighted several key metrics illustrating its financial and operational performance. The company reported total revenue of $3.8 million for the quarter, a decline from $6.4 million in Q3 2023, largely due to a $2.9 million onetime license sale in the prior year. However, recurring revenue grew by 29% year-over-year to $2.8 million, showcasing Aware's focus on building stable, long-term revenue streams. Operating expenses decreased by 6% to $5.3 million, but the company recorded an operating loss of $1.2 million. A significant milestone was the $1 million booking secured with a European government, attributed to enhancements in Aware's BioSP platform, expected to bolster Q4 results. Additionally, Aware is focusing on expanding its ABIS portfolio, with the addition of new term contracts, and broadening its SaaS model through the AwareID plug-in on WordPress Marketplace, targeting sectors like online gaming and e-commerce. With a robust pipeline and strategic advancements, Aware is optimistic about achieving double-digit recurring revenue growth and sustainable positive cash flow in future quarters.Strong Growth in Recurring Revenue
Recurring revenue increased 29% year-over-year to $2.8 million, underscoring the company's focus on building predictable long-term revenue streams.
Successful $1 Million European Government Deal
Secured a $1 million booking with the European government, contributing to Q4 results and expected to lead to further opportunities in the region.
Expansion of ABIS Portfolio
Secured 2 new term contracts and added another ABIS account, bringing the total number of ABIS accounts to 5, expected to generate steady revenue over the next 5 years.
Launch of AwareID Plug-in on WordPress
AwareID launched as a no-code plug-in on WordPress Marketplace, expanding reach to online gaming, e-commerce, and retail sectors, facilitating secure biometric authentication.
Cost Management Success
Operating expenses reduced by $1.3 million in the first 9 months, reflecting effective cost management strategies.
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AWRE Earnings History
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
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AWRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $2.07 | $1.63 | -21.26% |
| Aug 08, 2024 | $2.12 | $2.69 | +26.89% |
| May 02, 2024 | $2.07 | $1.83 | -11.59% |
| Mar 12, 2024 | $1.81 | $1.62 | -10.50% |
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.
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FAQ
When does Aware (AWRE) report earnings?
Aware (AWRE) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Aware (AWRE) earnings time?
Aware (AWRE) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AWRE EPS forecast?
Currently, no data Available
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