Aware reports Q2 earnings, shows profitable quarter

July 24, 2013 - 

Aware Inc, has announced its financial results for the second quarter ended June 30, 2013.

The company’s revenue for the quarter was $4.9 million, which according to the company, represents an increase of 19% from last year. Net income for the second quarter of 2013 was $307,000, or $0.01 per diluted share and operating income before patent related income in the second quarter was $283,000 compared to $119,000 in Q2 2012.

Aware’s figures are up almost completely across the board.

For the six months ended June 30, 2013, revenue increased 17% to $10.5 million, compared to $9.0 million last year.  Net income for the six months ended June 30, 2013 was $2.2 million.

Operating income before patent related income for the first six months of 2013 was $2.3 million compared to $1.2 million for the same period a year ago.

Reported previously, the company attributed much of its first-quarter growth to its work in biometrics.

Last year, Aware announced its biometric software was being used for three large-scale border management systems in Europe, the Middle East and North America.

“We are pleased to report this is our eight consecutive profitable quarter on an operating and net income basis,” Rick Moberg, Aware’s co-CEO and CFO said. “We look forward to continuing to build our software and services business in upcoming quarters.”

In 2012, the Biometric Research Group identified Aware as a “speculative buy” for investors. 

 

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj