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Aware Q3 Revenues Down 14%

October 28, 2008

Aware, a supplier of broadband technology and biometrics software, has reported revenues of $6.4 million for the third quarter of 2008, a decrease of 14% compared to $7.5 million in the same quarter of 2007.

For the nine months ended September 30, 2008, revenues decreased 6% to $18.4 million, compared to $19.7 million in the same period of 2007.

The GAAP net loss for the third quarter of 2008 was $0.7 million, or $0.03 per diluted share, which included $0.4 million of stock-based compensation charges in accordance with the provisions of FAS 123. This compared to GAAP net income of $1.0 million, or $0.04 per diluted share, for the same period of 2007. GAAP net loss for the nine months ended September 30, 2008 was $3.2 million, or $0.13 per share, compared to a net loss of $32,000, or $0.00 per share, for the same period of 2007.

The Non-GAAP net loss for the third quarter of 2008, excluding the effect of stock-based compensation, was $0.3 million, or $0.01 per diluted share. For the nine months ended September 30, 2008, the company had a non-GAAP net loss, excluding the effect of stock-based compensation, of $2.1 million, or $0.09 per share.




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