Aware | 8-K: FY2026 Q1 Revenue: USD 3.386 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 3.386 M.
EPS: As of FY2026 Q1, the actual value is USD -0.16.
EBIT: As of FY2026 Q1, the actual value is USD -3.85 M.
Operational Highlights
Aware, Inc. demonstrated strong performance in the DHS Remote Identity Validation Rally, Track 3, during the first quarter of 2026, where its Intelligent Liveness successfully stopped sophisticated attack vectors while maintaining a high-quality user experience .
Segment Revenue
Total revenue for the first quarter of 2026 was $3.4 million, a decrease from $3.6 million in the first quarter of 2025 . This decline was primarily due to a decrease in perpetual license revenue, partially offset by an increase in subscription license revenue . Software licenses were $1,031 thousand in Q1 2026, down from $1,316 thousand in Q1 2025 . Software maintenance revenue was $2,068 thousand in Q1 2026, down from $2,106 thousand in Q1 2025 . Services and other revenue increased to $287 thousand in Q1 2026, from $186 thousand in Q1 2025 .
Recurring Revenue
Total recurring revenue was $2,885 thousand in Q1 2026, compared to $2,684 thousand in Q1 2025 . Software subscriptions increased to $669 thousand in Q1 2026, from $531 thousand in Q1 2025 . Software maintenance was $2,068 thousand in Q1 2026, down from $2,106 thousand in Q1 2025 . Recurring services and other revenue increased to $148 thousand in Q1 2026, from $47 thousand in Q1 2025 .
Non-recurring Revenue
Total non-recurring revenue was $501 thousand in Q1 2026, down from $924 thousand in Q1 2025 . Non-recurring software licenses were $362 thousand in Q1 2026, down from $785 thousand in Q1 2025 . Non-recurring services and other revenue remained consistent at $139 thousand in Q1 2026 and Q1 2025 .
Operating Expenses
Operating expenses totaled $7.0 million in the first quarter of 2026, an increase from $5.5 million in the first quarter of 2025 . This included approximately $0.7 million of one-time severance costs related to a workforce reduction . Cost of revenue was $334 thousand in Q1 2026, up from $173 thousand in Q1 2025 . Research and development expenses increased to $3,223 thousand in Q1 2026, from $1,922 thousand in Q1 2025 . Selling and marketing expenses were $1,824 thousand in Q1 2026, up from $1,663 thousand in Q1 2025 . General and administrative expenses decreased to $1,655 thousand in Q1 2026, from $1,702 thousand in Q1 2025 .
Operating Loss
Operating loss was - $3,650 thousand in Q1 2026, compared to an operating loss of - $1,852 thousand in Q1 2025 .
Net Loss
Net loss totaled - $3.5 million in the first quarter of 2026, compared to a net loss of - $1.6 million in the first quarter of 2025 .
Adjusted EBITDA Loss
Adjusted EBITDA loss totaled - $3.2 million in the first quarter of 2026, compared to an adjusted EBITDA loss of - $1.5 million in the first quarter of 2025 .
Other Financial Metrics
- Interest income was $200 thousand in Q1 2026, down from $261 thousand in Q1 2025 .
- Provision for income taxes was $8 thousand in Q1 2026, up from $7 thousand in Q1 2025 .
- Comprehensive loss was - $3,520 thousand in Q1 2026, compared to - $1,554 thousand in Q1 2025 .
Outlook / Guidance
Aware, Inc. anticipates an annualized reduction of $4.0 million in operating expenses, starting in Q2 2026, as a result of business streamlining efforts . The company plans to continue making adjustments to its operating expenses to align with strategic goals .