Aware, Inc. Reports Third Quarter 2001 Financial Results
BEDFORD, Mass.--(BUSINESS WIRE)--Oct. 30, 2001--Aware, Inc. (NASDAQ: AWRE) reported financial results for its third quarter ended September 30, 2001. Third quarter 2001 revenue decreased 61 percent to $3.1 million, compared to $8.0 million for the quarter ended September 30, 2000. Net loss this quarter was $2.0 million, or ($0.09) per diluted share. Net income in the third quarter of 2000 was $3.4 million, or $0.14 per diluted share.
Michael Tzannes, chief executive officer, said: "Our results this quarter reflect macro trends taking place in the communications industry as a whole and the DSL industry in particular. While unpleasant in the short run, we believe that this condition is temporary. We continue to believe that the DSL and communications industry will return to a more healthy and stable state in 2002. We remain focused on strengthening our technology portfolio to address what we see as an emerging trend toward greater use of intellectual property by semiconductor manufacturers for DSL and other broadband communications applications."
Note: Aware's conference call will be broadcast live over the Internet today, October 30, 2001 at 5:00 p.m. Eastern Time. To listen to the call, please go to www.aware.com, and click on "Investor Relations." |
