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Aware Inc. (NASDAQ:AWRE), a software services company with a market capitalization of $36.91 million, announced the results of its annual shareholder meeting held on Tuesday, June 11, 2025. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt and impressive gross profit margins of 93%. Shareholders voted to re-elect Brent P. Johnstone and John S. Stafford, III as Class II directors for three-year terms. The advisory proposal on the compensation of the company’s named executive officers was also approved. While the company shows financial stability with a healthy current ratio of 4.64, InvestingPro analysis indicates the company has not been profitable over the last twelve months. Investors seeking deeper insights can access comprehensive Pro Research Reports covering 1,400+ US stocks, including detailed analysis of Aware Inc.’s financial health and growth prospects.
In addition to the election of directors and the approval of executive compensation, shareholders ratified the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Currently trading at $1.75 per share, InvestingPro analysis suggests the stock may be undervalued based on its Fair Value assessment.
The total number of shares of common stock outstanding as of the record date, April 15, 2025, was 21,304,039. The votes were cast as follows:
1. Election of Class II Directors:
- Brent P. Johnstone received 8,371,565 votes for, 3,556,112 withheld, and there were 4,435,510 broker non-votes.
- John S. Stafford, III received 9,404,606 votes for, 2,523,071 withheld, and there were 4,435,510 broker non-votes.
2. Approval, on an advisory basis, of the compensation of named executive officers:
- The proposal received 11,037,948 votes for, 668,425 against, 221,304 abstained, and there were 4,435,510 broker non-votes.
3. Ratification of the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025:
- The appointment received 15,546,500 votes for, 743,310 against, 73,377 abstained, and there were no broker non-votes.
The announcement is based on the information provided in a press release statement from Aware Inc. following the SEC filing.
In other recent news, Aware Inc. reported a decline in revenue for the first quarter of 2025, with figures dropping to $3.6 million from $4.4 million in the same period the previous year. The company also announced a net loss of $0.08 per share, highlighting ongoing challenges in the competitive biometric solutions market. Despite a 5% reduction in operating expenses, Aware’s operating loss increased to $1.8 million from $1.3 million. In a strategic move, Aware appointed Lona Therrien as its new Chief Marketing Officer to enhance its global marketing efforts. Therrien brings over 15 years of experience in the cybersecurity sector and aims to align the brand with evolving customer demands. Additionally, the company launched the "Awareness Platform," integrating biometric capabilities to strengthen its market position. Aware’s CEO, A.J. Amlani, emphasized the company’s commitment to growth and strategic transformation, as it seeks to build momentum for the latter half of the year.
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