Aware Inc.’s stock is taking a hit following the release of their Q4 earnings report for 2023. The company experienced a significant decline in earnings per share compared to the same period last year. In Q4 of 2023, Aware Inc. reported a net loss of $4.2 million, or $(0.20) per diluted share, a stark contrast to the $1.1 million net income they saw in the previous year.
Despite the decrease in EPS, the company did see a positive uptick in total revenue, which increased by 8% year-over-year to $4.4 million. However, operating expenses also rose substantially, reaching $8.9 million compared to $6.1 million in the previous year’s Q4. This led to an operating loss of $4.4 million, a significant increase from the $2 million loss in the same period last year.
On a more positive note, Aware Inc.’s adjusted EBITDA loss for the quarter showed some improvement from the previous year, coming in at $1.3 million.
AWRE Stock Performance Analysis: March 13, 2024 – Potential for Recovery After After-Hours Uptick
On March 13, 2024, the stock performance of AWRE was closely monitored by investors and analysts. According to data from CNN Money, AWRE was trading in the middle of its 52-week range and above its 200-day simple moving average. This indicates that the stock has been relatively stable in the long term.
However, on that particular day, AWRE experienced a significant drop in its share price. The stock closed at $1.62, which was a decrease of $0.19 or a 10.50% drop since the market last closed. This sudden drop may have been concerning for investors who were closely following the stock.
Despite the drop in the regular trading session, AWRE saw a slight uptick in after-hours trading. The stock rose by $0.04 after the market closed, which may have provided some relief to investors who were worried about the earlier decline.
Overall, the performance of AWRE on March 13, 2024, was a mix of both negative and positive movements. While the drop in the share price during the regular trading session was concerning, the slight increase in after-hours trading may indicate some potential for recovery in the future. Investors will continue to monitor the stock closely to see how it performs in the coming days and weeks.
AWRE Stock Analysis: Fluctuations in Financial Performance on March 13, 2024
On March 13, 2024, AWRE stock experienced some fluctuations in its financial performance based on the data provided by CNN Money. The company’s total revenue for the past year was reported at $18.24 million, showing a 13.97% increase compared to the previous year. However, the total revenue for the fourth quarter was $4.37 million, remaining flat compared to the previous quarter.
In terms of net income, AWRE reported a net loss of $7.31 million for the past year, which represents a significant decrease of 323.75% compared to the previous year. On the other hand, the net loss for the fourth quarter was $4.24 million, showing no change compared to the previous quarter.
Earnings per share (EPS) also saw a decline in performance for AWRE stock. The EPS for the past year was reported at -$0.35, reflecting a decrease of 335.67% compared to the previous year. Similarly, the EPS for the fourth quarter was -$0.20, showing a decrease of 473.01% compared to the previous quarter.
Overall, AWRE stock’s financial performance on March 13, 2024, indicates mixed results. Investors and analysts may need to closely monitor the company’s financial health and performance to assess its future prospects and potential for growth.
