FB pixel

Aware announces quarterly earnings

Categories Biometrics News  |  Trade Notes
Aware announces quarterly earnings
 

Aware has reported financial results for its first quarter which ended March 31, 2017.

Revenue for the first quarter of 2017 was $4.3 million, a 10 percent decrease compared to $4.8 million in the same quarter last year. Operating income in the first quarter of 2017 was $0.4 million compared to $0.9 million in the first quarter of 2016.

The decrease in revenue and operating income were primarily due to lower imaging software license sales and no hardware sales that were partially offset by higher biometrics software license sales and higher operating expenses that were partially offset by lower cost of hardware sales.

Net income in the first quarter of 2017 was $0.4 million, or $0.02 per diluted share, which compares to $0.6 million, or $0.03 per diluted share, in the same period a year ago.

“Our revenue and operating income for the first quarter were consistent with our expectations,” commented Kevin Russell, Aware’s chief executive officer and president. “Our pipeline for 2017 looks promising, but we are unable to predict when opportunities will result in revenue. We continue to make investments in product and market initiatives in order to grow our business in the government, commercial and mobile markets.”

Earlier this week, Aware released Indigo|Onboard, the first in the company’s new Indigo line of cloud-based solutions that provide biometric search functionality either as a software-as-a-service (SaaS) subscription or as a server-based software license.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Facial recognition comes to the fairway with US Open deployment

For the second year in a row, the U.S. Open golf tournament is using biometrics for ticketing, through partnerships with…

 

NZ retailers adopt FRT to fight retail crime following privacy commissioner report

A host of major New Zealand retailers are signing up to deploy facial recognition technology in their stores. The bosses…

 

Au10tix gets nod from Microsoft as ideal solution for AI agents built in MS Copilot

At the recent Microsoft Build event, Au10tix got a public endorsement from Microsoft as an ideal match for AI agents…

 

UK inches towards digital ID clarity with passage of Data (Use and Access) Bill

The UK House of Lords has passed the government’s Data (Use and Access) Bill, bringing it within a royal signature…

 

Age assurance trial on track amid sweeping online regulatory changes in Australia

Australia’s Age Assurance Technology Trial is going well, thank you very much. That’s the gist of a post from the…

 

Airport biometric screening expands across US amid calls for federal oversight

Biometrics is steaming ahead for air travel, but privacy concerns remain while consumers are still becoming aware of modern changes….

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events