Massachusetts | 000-21129 | 04-2911026 |
(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 14, 2012
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AWARE, INC. | |||
Dated: February 14, 2012
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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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Number
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Description
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99.1
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Press release issued by Aware, Inc. on February 14, 2012.
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FOR IMMEDIATE RELEASE
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Contact:
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Rick Moberg
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Aware, Inc.
781-276-4000
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Aware, Inc. Reports Fourth Quarter and 2011 Financial Results |
Page 2
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Aware, Inc. Reports Fourth Quarter and 2011 Financial Results |
Page 3
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Aware, Inc. Reports Fourth Quarter and 2011 Financial Results |
Page 4
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Three Months Ended
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Year Ended
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|||||||||||||||
December 31,
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December 31,
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|||||||||||||||
2011
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2010
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2011
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2010
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Revenue:
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||||||||||||||||
Product sales
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$ | 4,152 | $ | 5,326 | $ | 18,129 | $ | 18,914 | ||||||||
Services
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1,135 | 949 | 4,311 | 1,992 | ||||||||||||
Royalties
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605 | 547 | 2,146 | 2,654 | ||||||||||||
Total revenue
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5,892 | 6,822 | 24,586 | 23,560 | ||||||||||||
Costs and expenses:
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||||||||||||||||
Cost of product sales
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552 | 1,250 | 3,637 | 4,362 | ||||||||||||
Cost of services
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556 | 362 | 1,777 | 714 | ||||||||||||
Research and development
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1,639 | 1,898 | 7,240 | 8,096 | ||||||||||||
Selling and marketing
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1,285 | 1,135 | 4,441 | 4,283 | ||||||||||||
General and administrative
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936 | 1,969 | 5,005 | 6,438 | ||||||||||||
Total costs and expenses
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4,968 | 6,614 | 22,100 | 23,893 | ||||||||||||
Income (loss) from operations
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924 | 208 | 2,486 | (333 | ) | |||||||||||
Other income | - | - | - | 425 | ||||||||||||
Interest income
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35 | 22 | 83 | 90 | ||||||||||||
Income before provision for income taxes
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959 | 230 | 2,569 | 182 | ||||||||||||
Provision for income taxes
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- | - | 2 | 2 | ||||||||||||
Net income
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$ | 959 | $ | 230 | $ | 2,567 | $ | 180 | ||||||||
Net income per share – basic
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$ | 0.05 | $ | 0.01 | $ | 0.12 | $ | 0.01 | ||||||||
Net income per share – diluted
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$ | 0.05 | $ | 0.01 | $ | 0.12 | $ | 0.01 | ||||||||
Weighted average shares – basic
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20,612 | 20,040 | 20,534 | 19,971 | ||||||||||||
Weighted average shares - diluted
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20,775 | 20,527 | 20,735 | 20,182 |
Aware, Inc. Reports Fourth Quarter and 2011 Financial Results |
Page 5
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December 31,
2011
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December 31,
2010
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|||||||
ASSETS
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Cash and investments
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$ | 46,577 | $ | 39,949 | ||||
Accounts receivable, net
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3,546 | 4,968 | ||||||
Inventories, net
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547 | 1,863 | ||||||
Property and equipment, net
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6,232 | 6,360 | ||||||
Investments
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727 | - | ||||||
Other assets, net
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222 | 260 | ||||||
Total assets
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$ | 57,851 | $ | 53,400 | ||||
LIABILITIES AND STOCKHOLDERS’ EQUITY
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||||||||
Total current liabilities
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$ | 2,814 | $ | 3,197 | ||||
Long-term deferred revenue
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462 | 320 | ||||||
Total stockholders’ equity
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54,575 | 49,883 | ||||||
Total liabilities and stockholders’ equity
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$ | 57,851 | $ | 53,400 |
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