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Aware, Inc. Reports Second Quarter 2012 Financial Results

0602,1842,111General and administrative

1,0751,7892,0602,986Total costs and expenses

4,9656,1969,65711,982Income (loss) from operations

369(283)1,411290Gain on sale of patent assets

71,226-71,226-Other income

59-85-Interest income

40169235Income (loss) before provision for income taxes

71,694(267)72,814325Provision for income taxes

16,768-16,7702Net income (loss)$54,926($267)$56,044$323Net income (loss) per share – basic

$2.52($0.01)$2.64$0.02Net income (loss) per share – diluted$2.49($0.01)$2.60$0.02Weighted average shares – basic

21,75720,70021,24120,461Weighted average shares – diluted

22,09920,70021,58320,821AWARE, INCCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands)(unaudited)June 30,2012December 31,2011ASSETSCash and investments$101,058$47,304Accounts receivable, net4,3173,546Inventories, net265547Property and equipment, net6,0646,232Other assets, net239222Total assets$111,943$57,851LIABILITIES AND STOCKHOLDERS' EQUITYTotal current liabilities$7,730$2,814Long-term deferred revenue358462Total stockholders' equity103,85554,575Total liabilities and stockholders' equity$111,943$57,851

SOURCE Aware, Inc.
Copyright©2012 PR Newswire.
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