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Aware, Inc. Reports Fourth Quarter and 2008 Financial Results
Date:2/21/2009

December 31, December 31, 2008 2007 2008 2007 Cost of product sales $3 $5 $11 $13 Cost of contract revenue 29 43 135 176 Research and development 148 172 611 483 Sales and marketing 52 41 186 119 General and administrative 158 85 562 347 Total stock-based compensation costs $390 $346 $1,505 $1,138 AWARE, INC. Non-GAAP Financial Measures and Reconciliation (In thousands, except per share data) (unaudited) Three Months Ended Year Ended December 31, December 31, 2008 2007 2008 2007 GAAP net income $4,978 $193 $1,776 $160 Stock-based compensation 390 346 1,505 1,138 Non-GAAP net income $5,368 $539 $3,281 $1,298 Three Months Ended Year Ended December 31, December 31, 2008 2007 2008 2007 GAAP diluted net income per share $0.21 $0.01 $0.07 $0.01 Stock-based compensation per share 0.02 0.01 0.07 0.04 Non-GAAP diluted net income per share $0.23 $0.02 $0.14 $0.05 AWARE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In tho
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