$AWRE
AWARE INC /MA/

2022 Q3 Form 10-Q Financial Statement

#000156459022027131 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $3.015M $4.238M $4.692M
YoY Change -27.78% -0.61% 6.18%
Cost Of Revenue $282.0K $324.0K $314.0K
YoY Change 16.05% 4.85% -18.02%
Gross Profit $2.733M $3.914M $4.378M
YoY Change -30.49% -1.04% 8.47%
Gross Profit Margin 90.65% 92.35% 93.31%
Selling, General & Admin $3.682M $3.038M $3.242M
YoY Change 14.88% -3.06% 4.95%
% of Gross Profit 134.72% 77.62% 74.05%
Research & Development $2.279M $2.229M $2.424M
YoY Change -1.21% -5.71% 1.17%
% of Gross Profit 83.39% 56.95% 55.37%
Depreciation & Amortization $141.0K $221.0K $225.0K
YoY Change -17.54% 30.77% 27.12%
% of Gross Profit 5.16% 5.65% 5.14%
Operating Expenses $5.961M $5.267M $5.666M
YoY Change 8.15% -4.2% 3.3%
Operating Profit $2.444M -$1.353M -$1.288M
YoY Change -254.68% -12.31% -11.11%
Interest Expense $155.0K $64.00K $9.000K
YoY Change 15400.0% 6300.0%
% of Operating Profit 6.34%
Other Income/Expense, Net
YoY Change
Pretax Income $2.599M -$1.289M -$1.279M
YoY Change -264.6% -16.41% -11.67%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $2.599M -$1.289M -$1.278M
YoY Change -264.6% -16.41% -11.74%
Net Earnings / Revenue 86.2% -30.42% -27.24%
Basic Earnings Per Share $0.12 -$0.06 -$0.06
Diluted Earnings Per Share $0.12 -$0.06 -$59.10K
COMMON SHARES
Basic Shares Outstanding 21.73M 21.66M 21.64M
Diluted Shares Outstanding 21.80M 21.66M 21.64M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.02M $24.98M $25.08M
YoY Change -6.85% -29.01% -30.33%
Cash & Equivalents $12.70M $25.00M $25.10M
Short-Term Investments $18.32M
Other Short-Term Assets $1.438M $3.845M $985.0K
YoY Change 93.02% 971.03% 97.0%
Inventory
Prepaid Expenses
Receivables $3.664M $4.195M $7.306M
Other Receivables $1.411M $1.411M $1.411M
Total Short-Term Assets $41.24M $37.87M $34.78M
YoY Change -1.45% -6.26% -17.03%
LONG-TERM ASSETS
Property, Plant & Equipment $208.0K $113.0K $3.095M
YoY Change -93.76% -96.73% -13.23%
Goodwill $3.120M $3.120M
YoY Change 88.98%
Intangibles $2.910M $3.014M
YoY Change 166.73%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $8.808M $8.785M $11.84M
YoY Change 45.11% 15.0% 51.99%
TOTAL ASSETS
Total Short-Term Assets $41.24M $37.87M $34.78M
Total Long-Term Assets $8.808M $8.785M $11.84M
Total Assets $50.05M $46.65M $46.62M
YoY Change 4.45% -2.88% -6.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $988.0K $556.0K $472.0K
YoY Change 74.87% 108.24% -6.35%
Accrued Expenses $1.688M $1.789M $1.260M
YoY Change -17.94% 16.93% -3.3%
Deferred Revenue $3.398M $3.097M
YoY Change 9.24%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.480M $5.848M $5.209M
YoY Change 14.45% 26.25% -0.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $921.0K $949.0K $742.0K
YoY Change 768.87% 747.32% 642.0%
Total Long-Term Liabilities $921.0K $949.0K $742.0K
YoY Change 768.87% 747.32% 642.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.480M $5.848M $5.209M
Total Long-Term Liabilities $921.0K $949.0K $742.0K
Total Liabilities $7.401M $6.797M $5.951M
YoY Change 28.31% 43.28% 10.2%
SHAREHOLDERS EQUITY
Retained Earnings -$56.44M -$59.04M
YoY Change 2.21%
Common Stock $99.26M $98.89M
YoY Change 1.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.65M $39.85M $40.67M
YoY Change
Total Liabilities & Shareholders Equity $50.05M $46.65M $46.62M
YoY Change 4.45% -2.88% -6.22%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $2.599M -$1.289M -$1.278M
YoY Change -264.6% -16.41% -11.74%
Depreciation, Depletion And Amortization $141.0K $221.0K $225.0K
YoY Change -17.54% 30.77% 27.12%
Cash From Operating Activities -$2.003M -$177.0K -$2.381M
YoY Change 5.64% -79.23% -3.64%
INVESTING ACTIVITIES
Capital Expenditures -$133.0K -$11.00K
YoY Change -47.62%
Acquisitions
YoY Change
Other Investing Activities -$10.01M $0.00 -$2.500M
YoY Change
Cash From Investing Activities -$10.14M -$11.00K -$2.500M
YoY Change -47.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -182.0K 90.00K 0.000
YoY Change -18300.0% 350.0% -100.0%
NET CHANGE
Cash From Operating Activities -2.003M -177.0K -2.381M
Cash From Investing Activities -10.14M -11.00K -2.500M
Cash From Financing Activities -182.0K 90.00K 0.000
Net Change In Cash -12.33M -98.00K -2.500M
YoY Change 550.5% -88.51% -0.99%
FREE CASH FLOW
Cash From Operating Activities -$2.003M -$177.0K -$2.381M
Capital Expenditures -$133.0K -$11.00K
Free Cash Flow -$1.870M -$166.0K
YoY Change -1.37% -80.02%

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40 Middlesex Turnpike
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TradingSymbol
AWRE
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address City Or Town
EntityAddressCityOrTown
Bedford
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24984000
dei City Area Code
CityAreaCode
781
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3430000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29963000
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
01730
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Small Business
EntitySmallBusiness
true
dei Local Phone Number
LocalPhoneNumber
276-4000
CY2021Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1411000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
138000
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3763000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4195000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
591000
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3097000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
113000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
37865000
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3014000
CY2022Q2 us-gaap Goodwill
Goodwill
3120000
CY2022Q2 us-gaap Debt Securities Noncurrent
DebtSecuritiesNoncurrent
2538000
CY2021Q4 us-gaap Assets
Assets
48373000
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
556000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
283000
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1789000
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1909000
CY2022Q2 us-gaap Assets
Assets
46650000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3549000
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
406000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5741000
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
191000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
919000
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1110000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21613982
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21613982
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
216000
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
97778000
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-56472000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
41522000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48373000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8682000
CY2022Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
324000
CY2021Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
309000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-1289000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1542000
us-gaap Net Income Loss
NetIncomeLoss
-2990000
us-gaap Net Income Loss
NetIncomeLoss
-2567000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21497000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21495000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21649000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21495000
us-gaap Net Income Loss
NetIncomeLoss
-2990000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
349000
us-gaap Share Based Compensation
ShareBasedCompensation
636000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
432000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-311000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
343000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
638000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
379000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-223000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-228000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-985000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
54000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35192000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
41522000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3322000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2511000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-30000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-3373000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38565000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24984000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
439000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-1542000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
43287000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3533000
CY2022Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
3430000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3533000
CY2021Q2 awre Unbilled Receivables Current Revenue Recognized In Advance Of Billings
UnbilledReceivablesCurrentRevenueRecognizedInAdvanceOfBillings
1389000
CY2021Q2 awre Unbilled Receivables Current Billings
UnbilledReceivablesCurrentBillings
1004000
CY2021Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
2867000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3543000
CY2021Q2 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1173000
CY2021Q2 awre Contract With Customer Liability Revenue Recognized Additions Made During Period
ContractWithCustomerLiabilityRevenueRecognizedAdditionsMadeDuringPeriod
-1769000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2947000

Files In Submission

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0001564590-22-027131-index-headers.html Edgar Link pending
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0001564590-22-027131.txt Edgar Link pending
0001564590-22-027131-xbrl.zip Edgar Link pending
awre-10q_20220630.htm Edgar Link pending
awre-10q_20220630_htm.xml Edgar Link completed
awre-20220630.xsd Edgar Link pending
awre-20220630_cal.xml Edgar Link unprocessable
awre-20220630_def.xml Edgar Link unprocessable
awre-20220630_lab.xml Edgar Link unprocessable
awre-20220630_pre.xml Edgar Link unprocessable
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