Aware, a Bedford, Mass., technology company with products in biometrics software and DSL service assurance, this morning also announced Q1 results. For the period, Aware reported revenue of $5.7 million, down 10% from a year ago, with profits of 5 cents a share up from 3 cents a year earlier.
The patent deal is quite a windfall for Aware; as of yesterday the company had a market cap of just $77 million - so $75 million is looking like a pretty fat payday for those patents.
Ergo, AWRE this morning is up $2.26, or 60.4%, to $6.