Massachusetts | 000-21129 | 04-2911026 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
40 Middlesex Turnpike, Bedford, MA, 01730
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(Address of principal executive offices, including zip code)
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Registrant’s telephone number, including area code: (781) 276-4000
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Number
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Description
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99.1
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Press release issued by Aware, Inc. on February 11, 2014.
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- 2 - |
AWARE, INC. | |||||
Dated: |
February 11, 2014
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By:
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/s/Richard P. Moberg | |
Richard P. Moberg | |||||
co-Chief Executive Officer and co-President
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|||||
Chief Financial Officer
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- 3 - |
Number
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Description
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99.1
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Press release issued by Aware, Inc. on February 11, 2014.
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- 4 - |
Aware, Inc. • 40 Middlesex Turnpike • Bedford, MA USA 01730-1432
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Tel: (781) 276-4000 • Fax: (781) 276-4001 • E-mail: IR@aware.com
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Aware, Inc. Reports Fourth Quarter and 2013 Financial Results | Page 2 |
Aware, Inc. Reports Fourth Quarter and 2013 Financial Results | Page 3 |
Aware is a trademark or registered trademark of Aware, Inc.
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Any other trademarks appearing herein are the property of their respective owners.
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Aware, Inc. Reports Fourth Quarter and 2013 Financial Results | Page 4 |
Three Months Ended
December 31,
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Year Ended
December 31,
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|||||||||||||||
2013
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2012
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2013
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2012
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Revenue:
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Software licenses
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$ | 1,382 | $ | 2,709 | $ | 8,241 | $ | 9,525 | ||||||||
Software maintenance
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952 | 830 | 3,866 | 3,038 | ||||||||||||
Services
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1,068 | 748 | 3,148 | 2,571 | ||||||||||||
Hardware sales
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2,053 | - | 3,182 | - | ||||||||||||
Royalties
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182 | 571 | 920 | 2,170 | ||||||||||||
Total revenue
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5,637 | 4,858 | 19,357 | 17,304 | ||||||||||||
Costs and expenses:
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Cost of hardware sales
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1,551 | - | 2,365 | - | ||||||||||||
Cost of services
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468 | 431 | 1,503 | 1,542 | ||||||||||||
Research and development
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1,043 | 803 | 4,085 | 3,489 | ||||||||||||
Selling and marketing
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879 | 913 | 3,344 | 3,370 | ||||||||||||
General and administrative
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942 | 945 | 3,522 | 3,860 | ||||||||||||
Total costs and expenses
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4,883 | 3,092 | 14,819 | 12,261 | ||||||||||||
Operating income before patent related income
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754 | 1,766 | 4,538 | 5,043 | ||||||||||||
Gain on sale of patent assets
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- | - | - | 86,394 | ||||||||||||
Income from patent arrangement
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- | 1,121 | 780 | 1,121 | ||||||||||||
Operating income after patent related income
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754 | 2,887 | 5,318 | 92,558 | ||||||||||||
Other income
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(3 | ) | - | 23 | 85 | |||||||||||
Interest income
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88 | 90 | 328 | 227 | ||||||||||||
Income from continuing operations before income taxes
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839 | 2,977 | 5,669 | 92,870 | ||||||||||||
Provision for (benefit from) income taxes
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314 | (3,028 | ) | 1,917 | 20,487 | |||||||||||
Income from continuing operations
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525 | 6,005 | 3,752 | 72,383 | ||||||||||||
Income (loss) from discontinued operations, net of income taxes
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1,060 | (39 | ) | (1,156 | ) | (76 | ) | |||||||||
Net income
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$ | 1,585 | $ | 5,966 | $ | 2,596 | $ | 72,307 | ||||||||
Basic net income per share:
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Basic net income per share from continuing operations
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$ | 0.02 | $ | 0.27 | $ | 0.17 | $ | 3.32 | ||||||||
Basic net income (loss) per share from discontinued operations
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0.05 | (0.00 | ) | (0.05 | ) | (0.00 | ) | |||||||||
Basic net income per share
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$ | 0.07 | $ | 0.27 | $ | 0.12 | $ | 3.32 | ||||||||
Diluted net income per share:
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Diluted net income per share from continuing operations
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$ | 0.02 | $ | 0.27 | $ | 0.16 | $ | 3.28 | ||||||||
Diluted net income (loss) per share from discontinued operations
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0.05 | (0.00 | ) | (0.05 | ) | (0.00 | ) | |||||||||
Diluted net income per share
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$ | 0.07 | $ | 0.27 | $ | 0.11 | $ | 3.28 | ||||||||
Weighted-average shares – basic
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22,572 | 22,422 | 22,543 | 21,814 | ||||||||||||
Weighted-average shares - diluted
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22,693 | 22,539 | 22,641 | 22,071 |
Aware, Inc. Reports Fourth Quarter and 2013 Financial Results | Page 5 |
December 31,
2013
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December 31,
2012
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ASSETS
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Cash and investments
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$ | 75,414 | $ | 73,084 | ||||
Accounts receivable, net
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4,582 | 4,578 | ||||||
Inventories
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1,601 | - | ||||||
Property and equipment, net
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5,582 | 5,904 | ||||||
Deferred tax assets
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1,145 | 1,760 | ||||||
Other assets, net
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1,005 | 528 | ||||||
Total assets
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$ | 89,329 | $ | 85,854 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
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Total current liabilities
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$ | 4,161 | $ | 3,639 | ||||
Long-term deferred revenue
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18 | 319 | ||||||
Total stockholders’ equity
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85,150 | 81,896 | ||||||
Total liabilities and stockholders’ equity
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$ | 89,329 | $ | 85,854 |
Aware, Inc. • 40 Middlesex Turnpike • Bedford, MA USA 01730-1432
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Tel: (781) 276-4000 • Fax: (781) 276-4001 • E-mail: IR@aware.com
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