October 29, 2013 – by Peter B. Counter
Aware Inc has released the financial results of it’s third quarter for this year, reporting a revenue of $4.5 million for the period ending September 30, 2013. This is a 15 percent decrease when comparing Q3 2013 to the same period last year.
The lower than usual results, according to Aware, are a result of the company’s decision to close its DSL assurance business. This choice limited Aware’s revenue in the most recently closed quarter, but is a careful decision weighed against the historical lack of profitability in that arena.
Aware made special note in the announcement that the decision to shut down the DSL assurance business had no effect on it’s biometric offerings. Recent activity in this respect corroborates this claim with the Canadian government having selected Aware’s Biometric Services Platform (BioSP) to play an integral role in the new biometric screening process required for visa and permit applicants from a select 30 countries.