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Financial losses for Aware leavened with large police biometrics contract
Aug. 3, 2023, 9:48 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
This year has not been kind to adaptive authentication software firm Aware. It is bringing in new revenue, but, overall, its fundamentals, like those of many biometrics companies, are sliding.
Executives maintain that their guidance for the year, which calls for 15 percent growth in total and annual recurring revenue. And they continue to say Aware will post neutral operating cashflow by yearend.
Aware reported a net loss of $2.7 million, or $0.13 per basic and diluted share, on revenue …
adaptive authentication authentication aware biometrics biometrics news biometrics stocks companies contract digital-identity executives financial financial results fundamentals growth guidance large losses police revenue software stocks trade notes
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