Earnings call transcript Q2 2023

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Matt Glover

Good afternoon, and welcome to Aware’s Second Quarter 2023 Conference call.

Joining us today is the company’s CEO and President, Robert Eckel; CFO, David Barcelo; and CRO, Craig Herman.

Following their remarks, we’ll open the call for questions. [Operator Instructions]

Before we begin today’s call, I’d like to remind everyone that the presentation today contains forward-looking statements that are based on the current expectations of Aware’s management and involve inherent risks and uncertainty that could cause actual results to differ materially from those described.

note the Safe release. end take is paragraph please at included of should of Harbor the that Listeners today’s press paragraph be uncertainties statements major emphasizes inherent This forward-looking in and that today. making risks will management the Aware that cause wishes from results actual factors statements. such materially could indicated differ to by that to are you those caution there results

Form statements Form These including its filings, be risks company’s XX-K quarterly light factors. the and SEC of and forward-looking uncertainties in are XX-Q. reports in considered on report should also on Any outlined these annual

cautioned the as You Aware may time-to-time. any of statements, required result a forward-looking except voluntarily speak information, to the are statements, only laws. revise from so undertakes not whether events, by upon as no place undue as or new it securities otherwise, do of forward-looking commitment reliance date to applicable future although made, or which update

the non-GAAP defined measures and as a call measures the GAAP. information contains this substitute to not for link company’s available financial be is provided that should in G. certain Regulation the from considered I has compliance reconciliation in a via financial the term website. or comparable non-GAAP Relations Additionally, in will Accordingly, directly with in isolation company’s of be SEC as financial Non-GAAP of the presentation this measures the these presented like to measures available by Aware made earnings replay financial for GAAP today. issued everyone release most would remind recorded section and Investor

and Bob? President, turn to the Eckel. like over call Aware’s would I CEO to Now, Bob

Robert Eckel

and us Relations our second XX, our closed, discuss quarter. financial section issued afternoon, A available the On the I the call, quarter first release results everyone, a is website. our performance of and press will for operational today's press Investor in copy of June the joining today. the After market announcing Good we ended Thanks, for second release XXXX. thank you Matt. for

I'll for increase details to our taken CFO, advance and strategic go-to-market growth drive scale results. will the Next, sales. our will Craig CRO, provide After our remarks, review discuss on quarter our and company's Then the Barcelo Aware. to initiatives motions second steps Herman we've Dave Dave's

our trust questions. review the our we of do last like outlook to an quarter, increasingly business XXXX what connected by those is before be an who enhance and Aware to I'll identity opening drivers in in who call Finally, we platform and you Aware new to partner Like key start world. may briefly introducing for are for industry. I'd working

is offerings and experience scale. the These facilitate the Our needs and address security balance multimodal through challenges user our preparing and mission onboarding, to and of through of security cycle enable for and biometric adaptive fraud identity at reduced improve while as challenges compliance business in future. efficiencies well for life identity few offerings digital through that management as technology trusted proven biometrics. user's authentication We the today identity and

diverse led operational Over systems sets the and on most data with trained expertise XX technical the deep-rooted algorithms last in the we've world. level, years,

law Our three all trusted more expanding in federal XX government branches found of XXX has governments U.S. reputation our agencies the and spots institutions enforcement can be worldwide. today, industry its financial many biometric and in over earned in in the technology with than

the cherish in has three company last by platforms our XX Our and been and partners the is by actively hard and numerous than more XX And deployed nearly over to while than we more XX trade maintain we have our technology, customer years. roots secrets. countries which spans loyal four work technology base, protected patents shifted

changed. has model business Our

Our culture has changed.

and portion commercial of growing customers clients. a infrastructure our target Our include changed, has now

onboarding digital our to technology our business solutions of and authentication to efficiencies. These and quarter focus We revenue. provide verticals over across contribute for to maximize enterprise

transformation Our in continuing hit million and towards shift approximately with to revenue, is which and accomplished a $XX emphasis XXXX recurring significant build has been in XXXX.

financial Now XXXX. like background achievements the for and with discuss in to second that our quarter of operational context, I'd

we our to recurring improving enhancements And sales contract. QX, renewed on expanding customer we largely three of This scope another our Knomi and protecting, the and we QX, base In securing, that product largest for focused customer year, strategy. partner-centric through size in our continued years. expand

biometric upgraded platform along the our an verification secured additional also and use their with banking our EME way. largest partner customers We and in new case identity

million, upgrade options as Lastly, include with we our closed, recognition to a BioSP $X $X which contract million largest up to the quarter facial X-year, signed a customer.

more of We've wallet technology to these our go made few I and on The which recently in and processes, protecting Valley, from few progress in product progress alike. key our and revenue a continued logo quarter. contracts, of protect We ABIS been one a have several in in generating talk overseas. success The will QX. want QX into implemented signed in new share out. quarter are and drivers Aware corporations recently Turkey, more both Craig furthering the customers the points focus a consumers have enhancements ever in to customer signed and we which expect governments rolled securing having proof behind start award to the ABIS and I'll ABIS First to confidence nations as Aware's let base later testament our depth But success as winning well the about the more this highlight is more contracts commercial also as in success Cloud the awards, quality expanding we our we've Craig Latin and detail base. America won two Miami Ohio. momentum this ABIS

every Aware's critical day, continue it's are constantly With security evolving providing adapting and challenges to improving best-in-class security. we technology

authentication. on document focus with to liveness quarter, facial upgrading address excellence verification AwareID's use development Knomi's capabilities efforts This and authentication, our improving reinforcing identity the of detection we cases orchestration new

and and new to existing both share are cases. well additional Knomi use enhancements the is market AwareID, to Aware in confident capture we Given positioned

these we can solutions a pipeline, footprint whole. are already an mentioned strategy, the us our on fact, we global helped updates In secure robust sales biometric as enhanced With and growing industry and confident partner-centric previously. have contracts improved capitalize biometric expand

Now financial for the to beyond. and to over you. over turn initiatives our the quarter to for call through results of discussing before our second remainder XXXX I'll us Dave walk outlook the and Dave,

David Barcelo

Thank you, Bob. Good call. afternoon to on the everyone

second revenue in primarily license $X.X was the ended lower period. and in sequential of ago to results same compared XXXX the was XX, our XXXX. period. revenue revenue and for financial to The Total the first Turning year software quarter million $X.X due million to million for $X.X for June total the year-over-year decrease quarter

For was total $X.X QX to million or XX% million $X.X of recurring timing. revenue XXXX, XX% renewal of contract recurring due sequentially in down The revenue was revenue.

Looking operating at our expenses.

second million Our last $X.X in QX $X.X of quarter from the down up Operating compared quarter million XXXX XXXX in $X.X was the $X.X year. second of in prior from and million prior to ago period. expenses $X.X of quarter same million the year and loss operating $X.X million the were slightly million in for quarter

share in $X.X $X.X same the QX of GAAP period. second share of the to compared diluted or in and net XXXX, year $X.XX $X.X per of ago $X.XX $X.XX loss per diluted For net GAAP million loss XXXX diluted totaled or share million or a million quarter per

same the net loss of ago in which to to for period. million year EBITDA Our totaled $X.X earnings our in loss the adjusted loss which release, compares quarter we million and of in GAAP the prior $X.X loss reconciled EBITDA quarter million, $X.X adjusted a

and Looking at our ended $XX.X balance $XX.X securities, end cash at to of the equivalents the We quarter with sheet. million marketable cash, in prior the quarter. compared million

drive with needs. us cost our flexibility opportunities cash Furthermore, position we our strong, map. business position the to While This align to my growth evaluate our optimize road to remains that high have scale and financial cash allows Aware's potential completes our the further summary. all robust ROI continue to structure

like I'd progress Craig to making the over go-to-market turn strategy. on we're our Now to Craig? discuss to call the

Craig Herman

be Thanks, today. you a to Dave. with It's pleasure here all

base, our second securing success As in to we expanding contracts. several continued customer team secure the allowing Bob the significant mentioned, and quarter,

seeing our we the reinforced down improvements which on which Aware's themes. through are order really capitalize flowing to for verticals, buckets all sequential is go-to-market our our on comes of In the to are opportunities in across focused the pipeline, or interest pipeline. We high-quality biometric increasing sales strategy, the fidelity three solutions by optimized

The shifting customer-facing resources first right second is hiring building the up we out revenue for our the and by this customer success more groundwork to framework. Leading people towards the laid streams. program quarter,

the quarter, these through out renewals. we efforts base expansions by our continued This to and relationships building customer contract protect cementing

has team and Our relationships fantastic done customer upselling job a maintaining success customer contracts.

two banks their services Latin our of increased increased one quarter, team's their by partners meaningfully purchases over of and larger fact, usage In OEM XXX% this both America and because endeavors. our in

being counteract to solidify to are initiative is from second The deals usage-based signing. macroenvironment as still environment pushed to our out and to delay and due Pressures forcing the partners as customers pricing. introduce well the macroeconomic customers partners

to few to large this closing. is our secure past with these working a deal the quarters. in ease getting are team see beginning One closing been QX. over pressures contract, deals However, we anticipate we to some finally has but close that government particular, in customer

trending the introduction process our with a pricing, player sales the into strategy our faster in big to not who A to close will which quarters. sales strategy revenue impact software positively to services the usage-based our Usage-based pricing but towards. important go-to-market been accelerate more Spain, industry our This subscription-based contract contracts are recent enabled It's that disappearing, coming very later significant will not revenues. team subscription-based sliding quarters. the for of and move just allows airport the us only also security has reevaluated note evolution onboarding was of push in a be and to

tier, customers all pricing on types cater allowing now all sign we of partners to macroenvironments. the needs, and in this implementing sizes us By customers' to can of

opportunities these our in our we organic case competitors, signed could help share. market which who partners both was displacing footprint, of our well will America as in drive wallet almost partner-driven, therefore, the organic as increase investments XXXX, our four of in expand QX, well Lastly, we as widen pipeline one is to additional efforts partners in have our Latin we In prioritized contracts. program. region new and partnership Coming with share through growth procure the Latin to conscious America partner in especially as made half that

space to lay We business. future partners in are accounts potential active for groundwork the proactively seeking biometric the with

launch latter QX. be engagement. with tiers, help to aiming will onboarding in Moving partner a partnership fuel marketing forward, formal program the to additional This partnership incentives and new equipped we're program half of

partner solutions, earlier the and allowing Knomi's liveness we and and document to sales robust touched Knomi Already, are recognition AwareID's generating the enhanced enthusiasm key market these secure on verification. Through adapted with more the Another two Bob identified momentum our technologies. of especially capabilities was renewing the teams significant excellence. for functionalities facial go-to-market for feedback, improvements and in for development these product and market AwareID,

success job years. tremendous recently customer upselling customer for doing renewed functionalities a team five Our and is the another a new

back into turn for Bob? to like business would key additional I the Now drivers. our call to insights Bob

Robert Eckel

Backed to prospects. contribute reinvigorating expectation enterprise to increase to base XX% by we quarter, sales pipeline of Craig. opportunities ARR, greatly excitement for contracts Thanks additional portfolio XXXX. by optimized revenue foundation We're the annual expect strategy, and and lay Aware. strategy, we and this and that sales quality significant our optimized healthy recurring partnerships a of the an total XXXX for in we recurring product the first reiterating secured are and by with revenue, revenue or half our With market's exiting enhanced and protected

be interest continue timing managing we'll be neutral, operating to profitability outflows also XXXX taking and and which expect towards expectations. both flow consideration to cash while cash We exiting into inflows means

partnerships second recurring appreciate the remain and in We believe continued well and ability we future. revenue our are and to positioned confident expanding support about forward. deliver Aware's achieve into excited of our cash half excited flow we to Looking going robust are our are year, deliveries upcoming for and the everyone's goals sustainably and grow

Matt, open to appropriate ready please to are the we instructions. . call that, With provide questions. the

Operator

Instructions] [Operator

Matt Glover

some mentioned question, focuses this protect of additional one Bob, and wins expand you that contract main Our recurring quarter on provide the customer details secured was first quarter? this you base. to the Can

Robert Eckel

we've Sure, we and recurring revenue and Since transformation to our considerable announced continue our recurring progress on customer Matt. business focus make our base. model, expanded we

QX in compared fact, percentage XX% revenue is a was prior recurring to revenue In year our which a the total as period. of XX%, increase

prepared customers. This When customer as is and expanded remarks, signed quarter, and another my we we next-generation Itau our years. of expansion customers three some agreements Knomi, I for contracts our in renewal renewed with previous largest our mentioned as secured largest in which well and

We we and our banking signed And SaaS we contracts, first about. customers talked our ABIS two their also ABIS well. ever biggest as being which new contract, of partner signed them EME one then cloud

we opportunities and this and Another growth represents also over this have our have to recurring system. future a the key we're but each expands we half This reaffirms facial excited we're for annual of in largest in secured contract and million capability. And the contract fingerprint Aware technology. to confidence was this significant $X recurring customer. customers addition And promising a last introduces contract foundation BioSP contract just customer our be win the about of for capabilities X-year, in several our improves XXXX build period. recognition revenue continuing customer recognized new And second our next our the believe signed, quarter revenue, X-year it with pipeline. the And will with our

Matt Glover

the recurring how Bob. recurring much What Thanks was maintenance revenue recurring revenue And and much was subscription quarter? for revenue? how

David Barcelo

I'll take Matt. that,

revenue So maintenance of million and about $X.X the or QX about revenue. broken out our our to was in million. consumption $X.X subscription-based was That's balance recurring

Matt Glover

fidelity the do means you the to its about improving. Can talked what needs this talk Aware convert what you pipeline? pipeline of Bob, to about and

Robert Eckel

Yes.

looking improvement we pipeline on in a trailing opportunities. So step XX-month the quality big and of taking basis, the at have the back a a seen

customer And base. the to through we we're opportunity So growing established motion new rigorous our a and significant qualification took more seeing implement opportunities. for

seeing customers our improving. So already that we're base we've as their increasing partners up signed and through actually

better a different on that our have so we needs business challenges grasp So can that solve our and through we products.

business wallet expansive efforts, negotiated we're mentioned team And reach secure Craig's as market. then our of a deals in seeing new Aware's share on significantly generate his to laser-focused globally. this through more expand a will out I just is and as his that going formal help the but ecosystem, Craig new that's mentioned partnerships already well to partnership remarks, increased being building and opportunities broaden

Matt Glover

Bob.

are Next question, operating how expenses this trending year?

David Barcelo

expenses BDRs investments our mainly new sequentially team. We a mentioned QX. have of this our that's And that operating sales in and quarter. Yes, due earlier. increased onboarded in I to team CSMs

those increased. So costs in second don't significant the have anticipate XXXX. adding OpEx we any But of half

in and We're, neutrality. the OpEx fourth working be our flat towards In course, fact, we're to will expecting flow down-ish quarter. third of cash

Matt Glover

Next behind the What have forces success in for recent team's driving question been Craig. is the sales the bookings?

Craig Herman

Sure.

the we and the processes resulting know now deals in, success. and lot to but before. we to sales we right cases, products won't in usage-based those lot really started so We that as pricing things Knomi Aware, sales and a team these higher our AwareID, bookings the to made all made signed talked of that I than team drive success I products our ever position our worked about or several debut this, we for of think have the really have of with enabled program. Knomi and people, CS over customers enhancements well larger laid pricing, as and and introduction believe And the best-in-class in product robust helped The a that QX. combination the success of market the -- to since working AwareID, at really customer and improvements last our -- usage-based and over I I teams more the last is to quarters. had culmination of our of -- coupled to quarters some last groundwork talked we've quality have more we our details, few rehash we partnership the we down we we've the a perfect

Matt Glover

Thanks Craig.

how competitive Our is next environment? question is, the

Robert Eckel

take Craig, do this you . want to one?

Craig Herman

Middle displacing Yes, to sure. fraud globe, lucrative and pressures to Everything the Latin in competitors and prevention strong improved contracts, in America North Thanks, winning market. deals. Bob. word, is say pursue continuing frothy, The are capabilities right and competitive are a functionality, around on competitive environment now East. our we aggressively through the is in America, we our footholds this Despite

Knomi particular, seeing and Turkey, Middle upsold also America, are Brazil customers several new Latin earlier. only Not specifically. expand extended we in opportunities, of improvements Latin traction the commercial AwareID Bob and partners market four but we and America did Itau a gaining Regarding in the with in the in and as lot Brazil, deals like in mentioned with we East, one

there cases the we of overseas growth and capabilities, prevention management strengthen opportunities really With to significant contract and verticals. Knomi these believe used in addition new are . fraud

Matt Glover

update the can question, on next Our provide repurchase share program? an you

David Barcelo

in our I've previous is short, plan announced Yes, that, In Matt. place. got

a we allow program to share common that As $XX recap, up to repurchase a stock. would our buy of us of XXXX, March in announced million

active June of So worth about repurchased through as of million shares. we $X.X XX, of And that's the end XXXX.

Matt Glover

Thanks got question. X-part Dave. We've a

about you to AwareID made can depth First, talk the were and more in Knomi. improvements that

the enhancements you and is, question traction Second are deploying mentioned AwareID? seeing increased Knomi for since earlier, product

Robert Eckel

right, I'll I'll response. All let first part, about then the talk Craig the take and market's Matt,

some in So we aligned that evolve, areas to additional reducing voice fit. just with product expand their general, And security making could consistently customers, customer more friction and market a after challenges AwareID lot with a from constantly them and our and of To are continue evolving. new did customers we've a identified cases use secure, use Knomi today's we focus few on few cases. benefit speaking solutions

liveness it excellence to we Knomi, more make For improving concentrated on robust. its

I'll seeing And and as now an bottom and that fit little AwareID's product about seeing strengthen for market enhanced And a infrastructure facial AwareID Craig both the well. talk to its what revamp bit capabilities, let the he's we've . Knomi. we more improved we're document to recognition up. While authentication from

Craig Herman

Sure. Thanks, Bob.

off to geographies our also we with specifically, We Knomi in going our around and AwareID, company, the of into portfolio. shares, into market sales AwareID products, specifically our for opening capable With we're are markets customers a ABIS lot beginning new and and the expand places document . new and biometric which products, market is stronger more what direct renewed pay across layered Aware, with to And to the into the for a and really and verticals all increasing feedback really and but just this some not with us. and There these up SaaS, partners. both capitalized is efforts team enthusiasm both authorization products, incorporated in for doing companies. is our

Matt Glover

one next What capital are company's allocation XXXX? of the Dave. The is half the for second plans for

David Barcelo

Matt. Thanks,

Our $XX capital over about same allocation is -- as the about We with million and has marketable XX it finished in cash been. little securities. a QX

So this the the continued we high market. quarter, on to rates in interest capitalize

And so highly investments our balance in as liquid see our you'll we marketable securities increased sheet. from

the the evaluate of with For maintain XXXX, cash that no or remainder debt strategic us could us help scale and freedom we to position and opportunities growth. strong optionality our some drive accelerate given plan a to any meaningful

Matt Glover

or another Can ABIS top referenced the QX you ABIS QX conference if one project? quarter the engineering services from it have go-live the question. It's the significant implementation multi-part have provide current you. services both ABIS that revenue current to for revenue associated large-scale Dave, with do during expect implementation line? the you call. a so, call . XXXX this first and the And you any in revenue Do quarterly we what quarter estimated lastly, and recurring hit for you any date revenue significant any engineering QX project? Does from have XXXX the QX the expect

David Barcelo

one. long a That's Matt. thanks, Yes,

about last call announced was Valley ABIS clear, is in QX We it about to during the the March first our QX in is then what press ABIS. cloud and Miami our here So week. we're as and be talked talking that referenced

last of we and historical mentioned the the Yes, are unlike engineering contract anticipating summer, our live go services. that some to programs So this note think thing is quarter. we're in customization still And I that currently with as planning included phase to significant Craig the that customer.

not deals. Our expected to includes AwareABIS some engineering configuration especially but services, cloud to the require they mainly significant software are deployments, implement, ABIS work

contract this once revenue will recurring impact deployed. positive on have So a

And financials. investors of mean that's . variation outlook, our I is think much bit why in and to the to our that note so to the full quite adoptions quarters. focus not a we that of And other emphasize to quarterly want year on thing Aware continue timing I just awards the has

Matt Glover

Thanks Dave.

you downloads official another other associated My We of that say Safer date? announcement app Is announcement A magnitude any the provide on closing Walk that application question. no to that business, likely it small. on and the fair that Walk closed PR Can business be was Since that The very multipart the XX with on the of last associated? is XXXX. of have of that May the comment revenue for new has of A since expectation Safer number app specific will revenue the

every a may closing However, revenue are on up add small deals if magnitude eventually. And finally, close significant it we business of day, similar nearly we daily to a frequency?

Robert Eckel

of some take slightly application. said I'll Safer able to customer-facing Craig plan add use color. is we this initial releases as limited awards typically award all said issue Walk case agreements, aren't the A in we I our I'll release. more part, area services we've It ask and would press Often, nor and adoption first that the to. before, releases then are customer deals to on But new like to and shared focus in demonstrates on a we a confidentiality So

release we be the should press award only of choice received. awards an regarding or a to not indicative not Our issue that considered winning not awards

you to opportunities awards more want the color and . forward? do coming add Craig, on some

Craig Herman

constantly the on to winning contracts a the announce platform. improve. cloud-based award huge to formally Miami we SaaS revenue a of deal We highlighted. secured we are is Safer continue We that several and Miami impact just a our can't fidelity This with ABIS with as transitioning bookings pipeline Absolutely. our Valley that deal new have Dave our QX. Valley recurring will since every And as contract continues A partnership SaaS-based Walk but announcing in signed, X-year first

vary greatly on type, targets So the size opportunity market and by region. based the and

trying this So into not to where, our right hole I business other now. one it pigeon is is think, or the

continue on foundation strong a We to build very globally. enterprise

We seen some in focus. pipeline vendors out up surge opportunities. This really moving a ABIS for have opened or and their also has mid-market ABIS with the narrowing

open cloud the door opens of for substantially markets. for size their for ability a And seeing up Walk for deal of are grows and type Safer XX example, pricing leverage And A out a grow good may ago. banking, it's we to opportunities customer of new gaming the the that beginning, these Internet organizations a ABIS, customers base small months engagements business be reach e-commerce, in model. but with is was . education So in to really finally, usage-based market. this although as also AwareID, our similar our through it example does customer,

Matt Glover

Thanks, Craig.

just to question, large probability the any If implementation in in contribution next significant ABIS addition deals there yes, approximate to the horizon you they Our and other will what are an revenue on that make impact a XXXX? earnings is the mentioned? can have

Craig Herman

we have deals. X-figure So several

and We we now targeting deals have and to for 'XX XXXX. QX that right X, QX 'XX, X are for of X-figure and forecasting

to these specific have compelling All and get signed year. this implemented they opportunities, events of

revenue So impact then a get will have confident it XXXX. them our on we we are for positive very will targets done,

Matt Glover

Great.

along line. Another question that

confidence you by some How revenue covered the for growth the signed quarters two contracts? Your annual is pretty next much outlook gives you rest make for it? What will drastic outlook year. of of implies the the

David Barcelo

Yes, great that's Matt. a question,

the a already me try with had talked So a more bit it. Bob lot pipeline. and be Craig But and to the Craig bit of little let success just specific. about a walked improved bookings these recent have you through we've

were the first to here. which will our benefit But ABIS growth the includes previously and timing significant that second contract half from large well That recurring call cloud increase just was our a expansion delivery, our due of the mentioned as half the as as of and our in delivery below this on earnings underway booked. results obviously, highlighted we've primarily as that targets, we already talking that's So announced awards was in about. revenue, release, renewals Craig

of X- of expecting X-figure about So pipeline. a licensing deals second half. the on a also spike these top and we a so that, talked Craig in and revenues, on are top revenue few recurring much has better across

combination of the us the in things two those the So half gives confidence second of year. good

Matt Glover

sort growth can of question, next we in XXXX? expect what Our

David Barcelo

Matt. the this guidance the in when XXXX. take come we're answer And with a unfortunately, I'll point Yes, guidance. at time, is ready, that, that in we'll XXXX And XXXX left there's lot out

Matt Glover

Thanks Dave.

Our you pitching directly new partners? resellers next extent To or question. what the versus are customers

Craig Herman

that take This one. I'll Sure, is Craig.

think I that through XX%, over mentioned absolutely differentiator. just our So Bob of key XX% a It pipeline is is partners.

winning helping from are our away partners get We in markets. into that are solidifying competitors us

And again, talked bit look we partners at in really process. we So I partners, differentiator through pitching are very a by and little a involved even as our significant the markets about for regions. us. And varying when we are

a global are company. We

direct. premier can tightly having bigger integrated world partners over we going than do gives what So all much the with us a reach us just

products lot a right now of versus So partner. our is our more pipeline direct AwareID right now, just And are to it's partners. other tied of through very is some that a our of over XX% much

Matt Glover

At this time, session. concludes this our question-and-answer

answered, e-mail If remarks. Bob your over IR awre@gateway-grp.com. question wasn't to please closing like I'd back call at for Aware's the turn team to now

Robert Eckel

you us today. may Matt? our strategy website, investor for support. presentation, as thank on call. for updating on reminder, progress we also want just their joining thank And our to about forward and Aware's deck in to shareholders partners, more And available our call continued to a everyone learn on the employees, our that's I on want look I Yes. we next

Matt Glover

that will via us link for everyone XXXX the like in second Investors of company's I'd quarter call. the for remind joining our website. Bob. to be Thanks available replay of call Thank you for the section recording today conference today's

disconnect. now You may

Matt Glover	Investor Relations, Gateway Group, Inc.
Robert Eckel	President, Chief Executive Officer and Director
David Barcelo	Chief Financial Officer and Treasurer
Craig Herman	Chief Revenue Officer

Aware (AWRE) 1 Aug 232023 Q2 Earnings call transcript