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Aware, Inc. Reports First Quarter 2012 Financial Results
Date:4/27/2012

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 AWARE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
(unaudited)Three Months EndedMarch 31,20122011Revenue:Product sales$4,550$5,078Services693829Royalties491451Total revenue5,7346,358Costs and expenses:Cost of product sales 4601,220Cost of services  356357Research and development1,7531,961Selling and marketing1,1381,051General and administrative9851,197Total costs and expenses4,6925,786Income from operations1,042572Other income26-Interest income5220Income before provision for income taxes1,120592Provision for income taxes22Net income $1,118$590Net income per share – basic $0.05$0.03Net income per share – diluted$0.05$0.03Weighted average shares – basic20,72420,219Weighted average shares - diluted 20,92820,828 

AWARE, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(unaudited)March 31,2012December 31,2011 

ASSETSCash and investments$48,990$47,304Accounts receivable, net3,4483,546Inventories, net421547Property and equipment, net6,1566,232Other assets, net261222Total assets $59,276$57,851 

 

LIABILITIES AND STOCKHOLDERS' EQUITYTotal current liabilities $2,725$2,814Long-term deferred revenue 370462Total stockholders' equity 56,18154,575Total liabilities and stockholders' equity $59,276$57,851 

 

 


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