Aware, Inc. reported a decline in financial performance for the second quarter of 2025, with total revenue of $3.9 million, down from $4.3 million in the same period last year. For the first half of 2025, revenue totaled $7.5 million, compared to $8.7 million in the first half of 2024. The decrease in revenue was primarily attributed to a 22% drop in software license revenue, which fell to $1.4 million from $1.8 million year-over-year. The company also experienced an operating loss of $1.96 million for the quarter, compared to a loss of $1.34 million in the prior year, and a total operating loss of $3.81 million for the first half of 2025, up from $2.6 million in the same period last year.
In terms of strategic developments, Aware, Inc. appointed Ajay Amlani as the new Chief Executive Officer on February 3, 2025, following the resignation of Robert Eckel. The company has also been focusing on expanding its biometric software solutions, which are utilized in both government and commercial sectors. Despite the decline in software license revenue, the company maintained its software maintenance revenue at $2.2 million for the second quarter, reflecting a stable demand for ongoing support and updates.
Operationally, Aware, Inc. reported a total employee headcount of 21,173 as of June 30, 2025, an increase from 21,113 in the previous year. The company’s cash and cash equivalents decreased to $7.3 million from $12.97 million at the end of 2024, primarily due to cash used in operating activities. The company also reported a decrease in interest income, which fell to $0.2 million for the second quarter of 2025, down from $0.3 million in the same quarter of 2024, attributed to lower average cash balances.
Looking ahead, Aware, Inc. anticipates continued fluctuations in software license revenue due to the timing of customer projects. The company plans to invest in its sales and marketing efforts to capitalize on emerging commercial markets while maintaining its focus on government biometrics. Aware, Inc. believes its current cash reserves will be sufficient to fund operations for at least the next twelve months, although it may seek additional financing depending on future growth and operational needs. The company remains committed to enhancing its product offerings and expanding its market presence in the biometric technology sector.
About AWARE INC /MA/
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