Company: AWRE
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000950170-25-062767
Chunk: 9

Company: AWARE INC /MA/
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 9
---
(unaudited)

Note 1 – Description of the Company and Basis of PresentationDescription of the CompanyWe are a leading biometric authentication company focused on helping organizations verify and secure identities through advanced biometric technologies. Our software is designed to meet the increasing need for secure, user-friendly authentication solutions across both government and commercial sectors. Built on diverse, global data sets, our algorithms can be adapted to meet a wide range of security requirements. We support identity-related functions, such as enrollment, identification, and authentication, using various unique and hard to replicate biometric modalities, including fingerprints, facial recognition, iris scans, and voice analysis•Enroll: Register biometric identities into an organization’s secure database•Identify: Utilize an organization’s secure database to accurately identify individuals using biometric data•Authenticate: Provide frictionless multi-factor, passwordless access to secured accounts and databases with biometric verification•Enable: Manage the lifecycle of secure identities through optimized biometric interchangesWe have beefn a trusted provider of biometric technology since 1993.  Our comprehensive portfolio of biometric solutions is based on innovative, robust products designed explicitly for ease of integration, including customer-managed and integration ready biometric frameworks, platforms, software development kits (“SDKs”) and services. Principal government applications of biometrics systems include border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control, and background checks. Principal commercial applications include mobile enrollment, user authentication, and secure transaction enablement.  Our products provide interoperable, standards-compliant, field-proven biometric functionality and are used to capture, verify, format, compress and decompress biometric images as well as aggregate, analyze, process, match and transport those images and templates within biometric systems. For large deployments, we may provide project management and software engineering services. We sell our biometrics software products and services globally through a multifaceted distribution strategy using systems integrators, original equipment manufacturers (“OEMs”), value added resellers (“VARs”), partners, and directly to select end user customers. Certain amounts in the consolidated financial statements and associated notes may not add due to rounding. All percentages have been calculated using unrounded amounts.Basis of PresentationThe accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and therefore do not include all information and notes necessary for a complete presentation of our financial position, results of operations and cash flows, in conformity with generally accepted accounting principles.  We filed aud