Aware reported a GAAP loss of $0.12 per share as revenue declined 16.7% year-over-year to $3.25M.
Aware reported a second-quarter GAAP loss of $0.12 per share, missing expectations as revenue fell 16.7% year-over-year to $3.25M. The decline reflects ongoing challenges in its core business segments amid broader market conditions.
Operating expenses rose slightly to $6.0 million from $5.9 million in the prior-year period. The increase includes costs tied to 2025 hires, partially offset by spending cuts implemented in early 2026. Revenue contraction outpaced expense growth, pressuring profitability.
The company did not disclose immediate market reactions to the earnings release.