Aware’s 2023 marred by $2.7M write off but it gets old accounts to pay up

Executives announcing Aware’s fiscal 2023, ended December 31, say they have turned around an extended rough patch.

Annual revenue grew 14 percent to match sales notched in 2016, they say. And annual recurring revenue jumped 23 percent, reaching a record tally for the biometric authentication software firm.

And while the company lost money in fiscal 2023, about half of the loss has been attributed to the $2.7 million one-time write-off of an investment in biometric authentication security company Omlis. …

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