Aware's net loss narrows, while recurring revenue declines in fourth-quarter 2024. The new CEO outlines strategic priorities for 2025.
Aware Inc (NASDAQ:AWRE ) Q4 2024 Earnings Call Transcript March 5, 2025 5:00 PM ET Company Participants Matt Glover - Gateway Group, Inc., Investor Relations Ajay Amlani - President and Chief Executive Officer David Traverse - Chief Financial Officer Conference Call Participants Matt Glover Good afternoon. And welcome to Aware's Fourth Quarter and Full Year 2024 Conference Call.
Appointed Ajay Amlani as the new Chief Executive Officer.
Dublin, Jan. 20, 2025 (GLOBE NEWSWIRE) -- The "Next-Gen Biometric Authentication Market Size, Share & Trends Analysis Report By Component (Software and Services), By Authentication Type, By Technology, By End User, By Regional Outlook and Forecast, 2024 - 2031" report has been added to ResearchAndMarkets.com's offering. The Global Next-Gen Biometric Authentication Market size is expected to reach $187.18 billion by 2031, rising at a market growth of 20.7% CAGR during the forecast period. Voice recognition technology analyzes vocal characteristics to authenticate users, offering a hands-free and convenient biometric authentication method. It is widely used in call centers, mobile banking, and smart home devices for voice command-based authentication. The voice recognition segment held 11% revenue share in the market in 2023. The technology's ability to integrate with natural language processing and AI capabilities has enhanced its utility and application scope. The rising adoption of voice-activated virtual assistants and the need for secure voice-based transactions have driven the growth of the voice recognition segment in the market. The major strategies followed by the market participants are partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In July, 2024, Fingerprint Cards AB announced a partnership with IN Groupe, a French company specializing in the production of secure documents, and launched a safe component for contactless biometric payment cards. This partnership aims to streamline production, improve reliability, and reduce costs, supporting global manufacturers in scaling next-generation card production for mass adoption. Additionally, In November, 2023, IDEMIA SAS signed a partnership agreement with Home Team Science and Technology Agency (HTX), the science and tech arm of the Ministry of Home Affairs, in Singapore. Under this partnership, the company will work with HTX on research and development in biometrics and forensics technologies.
BURLINGTON, Mass., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a leading global biometric authentication company, today announced that its Board of Directors has appointed Aware Chief Financial Officer (CFO) David Traverse as Interim Chief Executive Officer (CEO), effective January 1, 2025.
GE Aerospace, Fomento Economico, Waste Management and Aware are included in this Analyst Blog.
Despite strength in the majority of AWRE's segments, it reports an overall soft third-quarter performance.
BURLINGTON, MASS., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Aware, Inc. (NASDAQ: AWRE), a global biometric platform company that uses data science, machine learning, and artificial intelligence to tackle everyday business and identity challenges through biometrics, will hold a webcast on Wednesday, October 30, 2024, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call.
Comprehensive Survey Highlights Widespread Biometric Adoption, Yet Calls for Better Data Security Practices Comprehensive Survey Highlights Widespread Biometric Adoption, Yet Calls for Better Data Security Practices
Strength in the majority of Aware's (AWRE) segments drives its second-quarter topline.