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Aware, Inc. Reports Fourth Quarter and 2007 Financial Results
Date:2/12/2008

eports and filings made with the Securities and Exchange Commission.

Aware, StratiPHY, and Dr. DSL are trademarks or registered trademarks of Aware, Inc.

AWARE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(unaudited)

Three Months Ended Year Ended

December 31, December 31,

2007 2006 2007 2006

Revenue:

Product sales $5,158 $2,637 $17,491 $7,610

Contract revenue 1,077 2,644 6,337 12,569

Royalties 518 1,168 2,609 3,877

Total Revenue 6,753 6,449 26,437 24,056

Costs and expenses:

Cost of product sales(1) 912 303 3,998 918

Cost of contract revenue(1) 1,110 1,422 5,425 5,182

Research and development(1) 3,134 2,391 10,869 10,591

Selling and marketing(1) 930 841 3,738 3,359

General and administrative(1) 967 1,030 4,237 4,405

Total costs and expenses 7,053 5,987 28,267 24,455

Net income (loss) from

operations (300) 462 (1,830) (399)

Interest income 496 498 2,016 1,840

Net income before provision

for income taxes 196 960 186 1,441

Provision for income taxes (3) (77) (26) (407)

Net income $193 $883 $160 $1,034

Net income per share - basic $0.01 $0.04 $0.01 $0
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SOURCE Aware, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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