COMP <GO>

AWRE vs SNAL // FORWARD P/E MULTIPLE

Aware Inc. (NASDAQ) VS. Snail Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: AWRE 2 — SNAL 2

■ METRIC PARITY

LAST: $0.91 (+2.49%) • MKT CAP: $19.4M

forward-pe

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LAST: $2.18 (-7.23%) • MKT CAP: $21.0M

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AWRE VS. SNAL) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AWRE	SNAL	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	27.60%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-27.50%	-35.00%	+7.50	AWRE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	-5.51%	—	TIE	/fcf-yield <GO>
Operating Margin	—	-21.30%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-33.50%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	-3.80%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	0.20	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	2/9	+1.00	AWRE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	41.9	50.1	-8.20	SNAL	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$19.4M	$21.0M	-$1.7M	SNAL	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AWRE REV	SNAL REV	AWRE GROSS %	SNAL GROSS %	AWRE FCF	SNAL FCF
FY 2025	$18.4M	$81.2M	—	27.6%	-$5.6M	-$1.2M
FY 2024	$15.5M	$84.5M	—	35.8%	-$3.2M	-$1.6M
FY 2023	$23.9M	$60.9M	—	—	$1.8M	$465.9K

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AWRE // BETA —

SNAL // BETA —