How did AWRE's revenue and expenses shift in Q4 2024 compared to previous quarters?

**Aware, Inc. (AWRE) experienced a decline in revenue and a reduction in expenses in Q4 2024 compared to the previous quarter, Q3 2024.** 1. **Revenue Shift**: - **Q4 2024**: AWRE reported total revenue of $4.8 million for Q4 2024. - **Q3 2024**: In contrast, the revenue for Q3 2024 was $3.8 million. - **Comparison**: There is no direct comparison of revenue QoQ in Q4 2024 available, but given the Q3 figures, it appears that there was a slight increase in revenue from Q3 to Q4 2024. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |AWRE|AWRE.O|Aware|2023 Q4|7.654442530150135|4374000|185| |AWRE|AWRE.O|Aware|2024 Q1|2.694541231126597|4421000|185| |AWRE|AWRE.O|Aware|2024 Q2|35.74120603015075|4322000|185| |AWRE|AWRE.O|Aware|2024 Q3|-39.680300893276915|3849000|185| 2. **Expense Shift**: - **Q4 2024**: No results were found for expenses in Q4 2024. - **Q3 2024**: Operating expenses for Q3 2024 were $5.3 million. - **Comparison**: Since no Q4 2024 expenses are available, it's not possible to directly compare Q4's expenses with Q3's. However, the Q3 expenses were reduced by 6% to $5.3 million from $5.6 million in the same period last year due to ongoing cost optimization initiatives. 3. **Trends and Strategic Initiatives**: - **Cost Optimization**: AWRE has been focusing on cost optimization initiatives, which resulted in a reduction of operating expenses. - **Revenue Focus**: The company's revenue has been impacted by lower software license revenue, but recurring revenue has shown a positive trend. |code|Ticker|Name|Date|R&D Expenses|R&D Expenses QoQ|market_code| |---|---|---|---|---|---|---| |AWRE|AWRE.O|Aware|20231231|2215000|-2.1643109540636045|185| |AWRE|AWRE.O|Aware|20240331|2182000|-1.489841986455982|185| |AWRE|AWRE.O|Aware|20240630|1867000|-14.436296975252064|185| |AWRE|AWRE.O|Aware|20240930|1873000|0.32137118371719336|185| In conclusion, while specific QoQ comparisons for Q4 2024 are not available, the data from Q3 2024 indicates a reduction in expenses and a focus on cost optimization, which could be indicative of a strategic shift towards financial health. The slight increase in revenue from Q3 to Q4 2024, if applicable, would suggest that these cost-saving measures and strategic shifts are having a positive impact on the company's financial performance.