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David K. Traverse, the Chief Financial Officer of Aware Inc. (NASDAQ:AWRE), recently acquired additional shares of the company’s stock, according to a recent SEC filing. On June 2, Traverse purchased 2,500 shares of Aware Inc.’s common stock at a price of $1.65 per share, totaling $4,125. The purchase price sits near the stock’s 52-week low of $1.35, while InvestingPro analysis indicates the stock is currently undervalued. The company maintains impressive gross profit margins of 93% and holds more cash than debt on its balance sheet. Following this purchase, Traverse’s direct ownership in the company increased to 53,151 shares.
Earlier, on June 1, a restricted stock unit award vested, resulting in the issuance of 3,921 shares after accounting for tax withholdings. However, this transaction was conducted at no cost, as it was part of an award vesting process.
In other recent news, Aware Inc. reported a decline in revenue for the first quarter of 2025, with earnings revealing a net loss of $0.08 per share. The company’s revenue fell to $3.6 million, down from $4.4 million in the same period last year. Despite a 5% reduction in operating expenses, the operating loss increased to $1.8 million from $1.3 million previously. In an effort to strengthen its market position, Aware introduced the "Awareness Platform," which integrates biometric capabilities. The company anticipates that 2025 will be a foundational year, with expenses expected to rise slightly in the second quarter and beyond. Additionally, Aware appointed Lona Therrien as its new Chief Marketing Officer to lead global marketing initiatives, building on her extensive experience in the cybersecurity sector. CEO Ajay Amlani emphasized the company’s focus on durable growth and strategic partnerships with large enterprises and federal opportunities.
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