Aware Inc /MA/ Q2 2026: Revenue $3.254M, EPS $(0.12) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Aware Inc reported Q2 2026 revenue of $3.254M, a 16.4% decline year-over-year, with a net loss of $2.565M and diluted EPS of $(0.12). Revenue dropped due to lower one-time software license sales. The company is shifting focus toward recurring maintenance (61% of revenue) and SaaS. Following workforce reductions in March 2026 to realign costs, management anticipates further engineering cost reductions and fluctuating license sales while expanding commercial markets.
Aware Inc /MA/ reported results for the quarter ended Q2 2026 with revenue of $3.254M and a net loss of $2.565M, or diluted EPS of $(0.12), as revenue declined versus the year‑ago quarter and losses widened.
Financial Highlights
- Revenue was $3.254M for Q2 2026, down from $3.895M in the year‑ago quarter ( (16.4%)).
- Net income (loss) was a loss of $2.565M for Q2 2026, compared with a loss of $1.769M in the year‑ago quarter (worsened YoY).
- Diluted earnings per share was $(0.12) for Q2 2026, versus $(0.08) in the year‑ago quarter (more negative YoY).
Business Highlights
- Revenue trend: Quarterly revenue declined to $3.3M in Q2 2026 and $6.6M year‑to‑date, driven by lower one‑time perpetual software license sales.
- Channel & product mix: Company is shifting toward recurring maintenance and SaaS; maintenance now represents roughly 61% of revenue and SaaS grew to $0.3M YTD.
- Cost & staffing actions: Engineering spend increased due to 2025 hires; in March 2026 the company implemented workforce reductions and severance to realign its cost structure.
- Operational focus & outlook: Continued emphasis on legacy government biometrics while expanding commercial markets; management expects further engineering cost reductions and anticipates fluctuating license sales.
Original SEC Filing: AWARE INC /MA/ [ AWRE ] - 10-Q - Jul. 31, 2026