S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
John S. Stafford III, a director at Aware Inc (NASDAQ:AWRE), recently acquired 8,758 shares of the company’s common stock. The transaction, which took place on March 12, 2025, was valued at approximately $14,450, with each share purchased at a price of $1.65. Following this acquisition, Stafford now directly owns 5,060,569 shares of Aware Inc. The purchase reflects Stafford’s continued investment in the $34.77 million market cap software company, headquartered in Burlington (NYSE:BURL), Massachusetts. InvestingPro data shows impressive fundamentals, including a 93.5% gross profit margin and strong liquidity with a 13.6x current ratio. Discover more insights with InvestingPro’s comprehensive research report, featuring detailed analysis of AWRE and 1,400+ other stocks.
In other recent news, Aware, Inc. reported a 10% year-over-year increase in revenue for the fourth quarter of 2024, totaling $4.8 million. Despite this quarterly growth, the company’s full-year revenue slightly declined to $17.4 million from $18.2 million in 2023. Aware, Inc. also managed to reduce its operating expenses by 14%, which contributed to a narrower net loss of $4.4 million compared to $7.3 million in the previous year. The company highlighted a strategic focus on biometric authentication technologies, which appears to be paying off with increased recurring revenue.
In a related development, Aware, Inc. appointed Brian Krause as its new Chief Revenue Officer. Krause, who has a strong background in the biometric and digital identity sectors, is expected to drive further growth for the company. CEO Ajay Amlani emphasized the critical role of biometrics in combating AI-driven fraud, indicating the company’s commitment to innovation in this area. Aware, Inc. has also expressed openness to mergers and acquisitions to enhance its market position. These developments reflect the company’s strategic priorities as it navigates anticipated revenue challenges in 2025.
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