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Aware Inc (AWRE) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Aware Inc

CIK: 1015739 Ticker: AWRE

 

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

Contact:

Kevin Russell

Aware, Inc.
781-276-4000

 

Aware, Inc. Reports Third Quarter 2018

Financial Results



BEDFORD, MASS. – October 23, 2018 –

Aware, Inc. (NASDAQ: AWRE), a leading supplier of biometrics software and services, today reported financial results for its third quarter ended September 30, 2018.

 

Revenue for the third quarter of 2018 was $5.4 million, a decrease of 5% compared to $5.7 million in the same quarter last year. Operating income in the third quarter of 2018 was $1.1 million compared to $1.5 million in the third quarter of 2017.

 

The decrease in revenue and operating income was primarily due to: i) a large imaging software license sale to a medical imaging customer in the third quarter of 2017 whereas there was no such sale in the current three month period; and ii) no royalty revenue in the third quarter of 2018. The decrease in revenue was partially offset by: i) a large biometrics software license sale to a large commercial customer in the third quarter of 2018; and ii) higher maintenance and services revenue in the third quarter of 2018. To a lesser extent, lower patent related income from an unaffiliated third party and higher total costs and expenses in the third quarter of 2018 also contributed to lower operating income.

 

Net income in the third quarter of 2018 was $1.3 million, or $0.06 per diluted share, which compares to net income of $1.1 million, or $0.05 per diluted share, in the same period a year ago.

 

 

 

Aware, Inc. • 40 Middlesex Turnpike • Bedford, MA USA 01730-1432

Tel: (781) 276-4000 • Fax: (781) 276-4001 • E-mail: IR@aware.com

 


The following information was filed by Aware Inc (AWRE) on Tuesday, October 23, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Aware Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parentheticals)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Income And Comprehensive Income (Unaudited)
Accounting Policies (Policies)
Basis Of Presentation
Business Segments
Business Segments (Tables)
Business Segments - Revenue By Timing Of Transfer Of Goods Or Services (Details 2)
Business Segments - Revenues Generated Following Geographic Regions (Details)
Business Segments - Summary Of Revenue By Product Group (Details 1)
Computation Of Earnings Per Share
Computation Of Earnings Per Share (Tables)
Computation Of Earnings Per Share - Summary Of Net Income Per Share (Details)
Fair Value Measurements
Fair Value Measurements (Detail Textuals)
Fair Value Measurements (Tables)
Fair Value Measurements - Assets Measured At Fair Value On A Recurring Basis (Details)
Income From Patent Arrangement
Income From Patent Arrangement (Detail Textuals)
Income Taxes
Income Taxes (Detail Textuals)
Nature Of Business
Recent Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Pronouncements
Recently Adopted Accounting Pronouncements (Detail Textuals)
Recently Adopted Accounting Pronouncements (Tables)
Recently Adopted Accounting Pronouncements - Adoption Of The New Revenue Standard Balance Sheet (Details 1)
Recently Adopted Accounting Pronouncements - Adoption Of The New Revenue Standard Income Statement (Details)
Revenue Recognition
Revenue Recognition (Detail Textuals)
Revenue Recognition (Details 1)
Revenue Recognition (Details)
Revenue Recognition (Tables)
Share Repurchase Program
Share Repurchase Program (Detail Textuals)
Stock-Based Compensation
Stock-Based Compensation (Detail Textuals)
Stock-Based Compensation (Tables)
Stock-Based Compensation - Summary Of Stock-Based Employee Compensation Expenses (Details)

Material Contracts, Statements, Certifications & more

Aware Inc provided additional information to their SEC Filing as exhibits

Ticker: AWRE
CIK: 1015739
Form Type: 10-Q Quarterly Report
Accession Number: 0001144204-18-055462
Submitted to the SEC: Fri Oct 26 2018 2:01:26 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Prepackaged Software

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