Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.6M | $15.5M | $16.1M | $12.2M | $11.3M | $16.9M | $16.0M | $18.2M | $17.4M | $17.3M |
| Revenue growth | — | -28.3% | 4.3% | -24.3% | -7.3% | 49.0% | -5.0% | 14.0% | -4.7% | -0.6% |
| Operating income | $5.91M | $1.11M | $381K | -$4.18M | -$9.42M | -$6.10M | -$2.22M | -$8.54M | -$5.54M | -$6.56M |
| Operating margin | 27.4% | 7.2% | 2.4% | -34.2% | -83.3% | -36.2% | -13.8% | -46.8% | -31.9% | -37.9% |
| Net income | $4.10M | $1.00M | $1.23M | -$8.34M | -$7.61M | -$5.82M | -$1.73M | -$7.31M | -$4.43M | -$5.87M |
| Net margin | 19.0% | 6.5% | 7.6% | -68.3% | -67.3% | -34.6% | -10.8% | -40.1% | -25.5% | -34.0% |
| EPS (diluted) | $0.18 | $0.05 | $0.06 | -$0.39 | -$0.35 | -$0.27 | -$0.08 | -$0.35 | -$0.21 | -$0.28 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.81M | $3.67M | $660K | -$2.94M | -$5.27M | -$6.23M | -$5.04M | $1.82M | -$3.16M | -$5.40M |
| Capital expenditures | $87.0K | $82.0K | $206K | $111K | $484K | $27.0K | $730K | $16.0K | $45.0K | $165K |
| Free cash flow | $3.73M | $3.59M | $454K | -$3.06M | -$5.76M | -$6.26M | -$5.77M | $1.81M | -$3.21M | -$5.56M |
| Share buybacks | $3.65M | $4.80M | $393K | $765K | $946K | — | $1.31M | $506K | $207K | $115K |
| Dividends paid | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $51.9M | $51.6M | $51.6M | $47.7M | $38.6M | $30.0M | $11.7M | $10.0M | $13.0M | $7.27M |
| Total assets | $62.0M | $65.0M | $66.4M | $57.6M | $51.6M | $48.4M | $51.2M | $46.3M | $42.6M | $37.2M |
| Shareholders' equity | $59.0M | $60.5M | $61.9M | $53.4M | $45.7M | $41.5M | $40.2M | $34.3M | $30.9M | $26.1M |
| Retained earnings | -$42.8M | -$35.9M | -$34.7M | -$43.0M | -$50.6M | -$56.5M | -$58.2M | -$65.5M | -$69.9M | -$75.8M |
| Shares (wtd avg diluted) | 22.9M | 21.9B | 21.6M | 21.5M | 21.5M | 21.5M | 21.6M | 21.0M | 21.1M | 21.2M |
Every figure is extracted from AWARE INC /MA/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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