Oct 28, 2026 earnings call — Government agency win and platform focus
Aware won a government agency deployment and recurring revenue grew 11% to $4 million in Q3.
Revenue $0.0B (est $0.0B) · EPS $-0.04 (est $-0.10)
Key quotes
"During the quarter, Aware was selected by a government agency customer to deploy intelligent liveness capabilities from the Awareness Platform."
"Recurring revenue grew 11% to $4 million compared with $3.6 million in the third quarter of last year and represented more than 90% of total revenue for the quarter."
"As we said on our Q1 call, those actions were intended to reduce our operating expenses by approximately $4 million on an annualized basis, and Q3 reflects the first full quarter of those savings."
Analyst Q&A 2
selling more biometric features and future deals
Q (Brian Krause): They asked if Aware expanded or cross-sold additional biometric features like passive liveness into that top-15 financial institution in Q3, and what the broader enterprise sales pipeline looks like outside that anchor client.
A: They said their customer approach is a land-and-expand model. Management would not discuss specific contracts or expansions, but they work every quarter with customers and see good signals, like continued strong net dollar retention across most of the business. They also said they are focused on the Awareness Platform and see consistent market interest and potential revenue impact.
are Santander and Itaú customers
Q (Brian Krause): The analyst asked whether Santander Bank and Itaú Bank are current Aware customers, based on logos shown on the company's website.
A: Management confirmed that the customer logos on the recent website update are current Aware customers. They said they were glad the analyst noticed the website update and that those logos represent today’s Aware customers.