Yahoo Finance Aware Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag
Aware (NASDAQ:AWRE) Third Quarter 2022 Results
Key Financial Results
Revenue: US$3.02m (down 28% from 3Q 2021).
Net income: US$2.60m (up from US$1.58m loss in 3Q 2021).
Profit margin: 86% (up from net loss in 3Q 2021).
EPS: US$0.12 (up from US$0.073 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aware EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 30%. Earnings per share (EPS) exceeded analyst estimates.
Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Software industry in the US are expected to grow by 9.4%.
Performance of the American Software industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for Aware (1 is significant!) that you need to be mindful of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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