Aware, Inc. (NASDAQ:AWRE) Q3 2023 Earnings Call Transcript

For anyone that’s interested, you can watch the interview between our Lat-Am General Manager and the Banca Decebal CIO on Aware’s YouTube channel. In fact, I would recommend checking out our YouTube channel. We continue to build on it and is a big piece of our focus from a marketing perspective as we continue to build out different ways to message our audiences and our prospects.

Matt Glover: Thanks Craig. What kind of feedback are you receiving from customers regarding AwareID or your other solutions?

Craig Herman: Sure. The feedback from our clients around AwareID, very focused on two things, the ease of use and the breadth of the offering. On the heels of our latest release, customers and prospects are using AwareID to replace multiple technologies and improve the user experience in their app or online presence. The addition of documentation, authentication with cutting edge AI-driven face liveness is delivering a better, more secure user experience. The speed of deployment has gone from months to days so that customers can deploy, test and iterate with very little assistance and/or developer resources.

Matt Glover: David, a question for you, why was the company not more aggressive in buying back – in its buyback program?

David Traverse: Yes. Thanks Matt. So, as I mentioned earlier, we do believe in buying back our stock and to the attractive use of capital. However, we are limited based on Nasdaq rules of how much we can buyback based on historical trading volumes.

Matt Glover: Thanks David. At this time, this concludes our question-and-answer session. If your question wasn’t answered, please e-mail Aware’s IR team at awre@gateway-grp.com. I would now like to turn the call back over to Bob for closing remarks.

Bob Eckel: Yes. I would like to thank all of you for joining today’s call and also of course, thank our employees, partners, shareholders for the continued support that they provide us. And as a reminder, you may learn more about our strategy in the investor presentation that’s available on our website. And we look forward to updating you on Aware’s progress on our next call. Matt, over to you.

Matt Glover: Thanks Bob. I would like to remind everyone that a recording of today’s call will be available for replay via link in the Investors section of the company’s website. Thank you for joining us today for Aware’s third quarter 2023 conference call. You may now disconnect.