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Stock impact report

Aware, Inc. Reports First Quarter 2019 Financial Results

Aware, Inc. (AWRE) 
US:NASDAQ Investor Relations: ir.aware.com/investor-relations
Company Research Source: PR Newswire
BEDFORD, Mass., April 30, 2019 /PRNewswire/ -- Aware, Inc. (NASDAQ: AWRE), a leading supplier of biometrics software and services, today reported financial results for its first quarter ended March 31, 2019.  Revenue for the first quarter of 2019 was $3.7 million compared to $2.9 million in the same quarter last year. Operating loss in the first quarter of 2019 was $44,000 compared to an operating loss of $723,000 in the first quarter of 2018.    The increase in revenue and operating income in the current three month period compared to the corresponding period last year was primarily due to: i) higher services revenue, ii) higher biometrics software license sales, and iii) income from a patent arrangement from an unaffiliated third party. This was partially offset by: i) lower imaging software license sales; and ii) higher total costs and expenses. Net income in the first quarter of 2019 was $228,000, or $0.01 per diluted share, which compares to a net loss of $495,000, or $0.02 per d Show less Read more
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