Loading...
Docoh

Aware (AWRE)

Aware, a global leader in productized biometrics software products, solutions and services, provides critical biometric functionality to collect, manage, process, and match biometric images and data for identification and authentication. With their decades-long experience, Aware leads the market in liveness detection and multi-modal fusion to protect client and business processes through fingerprint, face, iris, and voice matching algorithms, mobile biometric capture and authentication software, a biometric workflow and middleware platform, and a fully-scalable ABIS. Their device-agnostic, integration-ready, and customer-managed products enable ease-of-use for enterprises to empower individuals to own their identities. Aware serves customers across a multitude of industries, including financial services, enterprise security, healthcare, human resources, citizen ID, border management, law enforcement, defense, and intelligence. Aware is based in Bedford, Massachusetts.

Company profile

Ticker
AWRE
Exchange
Website
CEO
Robert A. Eckel
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Aware Security Corporation ...
IRS number
42911026

AWRE stock data

Calendar

27 Apr 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 25.08M 25.08M 25.08M 25.08M 25.08M 25.08M
Cash burn (monthly) 1.63M 913.17K 429.33K 494.67K 793.67K 512K
Cash used (since last report) 4.67M 2.62M 1.23M 1.42M 2.28M 1.47M
Cash remaining 20.41M 22.46M 23.85M 23.66M 22.8M 23.61M
Runway (months of cash) 12.5 24.6 55.6 47.8 28.7 46.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 David Brian Barcelo Common Stock Buy Acquire P No No 2.4 1,449 3.48K 49,390
15 Jun 22 David Brian Barcelo Common Stock Buy Acquire P No No 2.4 3,551 8.52K 49,390
18 May 22 Eckel Robert A Common Stock Buy Acquire P No No 2.72 2,690 7.32K 192,888
17 May 22 Eckel Robert A Common Stock Buy Acquire P No No 2.75 3,004 8.26K 190,198
16 May 22 Lazzouni Mohamed Common Stock Buy Acquire P No No 2.6775 5,000 13.39K 28,392
4 May 22 Eckel Robert A Common Stock Buy Acquire P No No 2.83 10,000 28.3K 187,194
33.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 31 31
Opened positions 2 5 -60.0%
Closed positions 2 2
Increased positions 6 7 -14.3%
Reduced positions 11 7 +57.1%
13F shares Current Prev Q Change
Total value 22.72M 30.17M -24.7%
Total shares 7.21M 7.62M -5.4%
Total puts 39.6K 23.6K +67.8%
Total calls 54K 0 NEW
Total put/call ratio 0.7 Infinity NaN%
Largest owners Shares Value Change
Dimensional Fund Advisors 1.57M $4.95M -1.7%
Punch & Associates Investment Management 1.07M $3.38M -0.1%
DG Capital Management 907.05K $2.86M 0.0%
Renaissance Technologies 858.12K $2.7M -0.0%
Far View Capital Management 766.24K $2.41M -39.4%
Vanguard 609.65K $1.92M +5.1%
BLK Blackrock 403.03K $1.27M -1.0%
Union Square Park Capital Management 330.93K $1.04M NEW
Aristides Capital 135.73K $428K 0.0%
Essex Investment Management 135.63K $427K +26.1%
Largest transactions Shares Bought/sold Change
Far View Capital Management 766.24K -498.19K -39.4%
Union Square Park Capital Management 330.93K +330.93K NEW
Spring Creek Capital 0 -214.45K EXIT
Bridgeway Capital Management 80.68K -48.1K -37.4%
Vanguard 609.65K +29.67K +5.1%
Essex Investment Management 135.63K +28.08K +26.1%
Dimensional Fund Advisors 1.57M -27.87K -1.7%
GMT Capital 0 -24.6K EXIT
MS Morgan Stanley 25.94K +17.37K +202.7%
Susquehanna International 0 -16.87K EXIT

Financial report summary

?
Competition
Ipsidy
Risks
  • While we expect the impacts of COVID-19 to have an adverse effect on our business, financial condition and results of operations, we are unable to predict the extent or nature of these impacts at this time.
  • Our operating results may fluctuate significantly from period-to-period and are difficult to predict.
  • We derive a significant portion of our revenue directly or indirectly from government customers, and our business may be adversely affected by changes in the contracting or fiscal policies of those governmental entities.
  • A significant commercial market for biometrics technology may not develop, and, even if it does, there can be no assurance our biometrics technology will be successful.
  • We derive a significant portion of our revenue from third party channel partners.
  • If the biometrics market does not experience significant growth or if our products do not achieve broad acceptance both domestically and internationally, we may not be able to grow our business.
  • We face intense competition from other biometrics solutions providers.
  • The biometrics industry is characterized by rapid technological change and evolving industry standards, which could render our existing products obsolete.
  • Our software products may have errors, defects or bugs, which could result in delayed or lost revenue, expensive correction, liability to our customers, and claims against us.
  • Our business may be adversely affected by our use of open source software.
  • We rely on third-party software to develop and provide our solutions and significant defects in third-party software could harm our business.
  • Part of our future business is dependent on market demand for, and acceptance of, the cloud-based model for the use of software.
  • Our operational systems and networks and products may be subject to an increasing risk of continually evolving cybersecurity or other technological risks, which could result in the disclosure of company or customer confidential information, damage to Aware’s reputation, additional costs to Aware, regulatory penalties and financial losses.
  • Our intellectual property is subject to limited protection.
  • If we are unable to attract and retain key personnel, our business could be harmed.
  • Our business may be affected by government laws and regulations.
  • Adverse economic conditions could harm our business.
  • We may not realize the anticipated benefits of our acquisitions.
  • The market price of our common stock has been and may continue to be subject to wide fluctuations, and this may make it difficult for shareholders to resell the common stock when they want or at prices they find attractive.
  • If we are unable to maintain effective internal controls over financial reporting, investors could lose confidence in the reliability of our financial statements, which could result in a decline in the price of our common stock.
  • We must make judgments in the process of preparing our financial statements.
Management Discussion
  • Software licenses. Software licenses consist of revenue from the sale of biometrics and imaging software products. Sales of software products depend on our ability to win proposals to supply software for biometrics systems projects either directly to end user customers or indirectly through channel partners.
  • Software license revenue increased 11% from $2.4 million in the three months ended March 31, 2021 to $2.6 million in the same three month period in 2022.  As a percentage of total revenue, software license revenue increased from 54% in the first quarter of 2021 to 56% in the first quarter of the current year. The $0.2 million increase in software license revenue was due primarily to an increase in subscription-based contracts of $0.5 million, which was partially offset by a $0.3 million decrease in license sales related to our license contracts with fixed amounts.
  • Our market strategy is to continue to focus on our legacy government biometrics markets and expand into new commercial biometrics markets.  We are unable to predict future revenue from commercial markets as these are emerging markets.  

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: absolute, accrued, acquiree, adaption, Additionally, adequate, agree, arm, arrangement, AwareID, bifurcation, Blanchard, Building, burlington, capital, Carlo, compliance, concurrently, constituting, construction, conversion, convert, converted, cured, curtail, de, deemed, default, di, difficulty, earlier, earnout, embedded, England, entry, environment, escrow, external, factor, failure, feet, fifteen, force, FortressID, fraud, group, hosted, impairment, inflation, initial, insider, intend, landlord, lease, Leased, length, limited, liquidity, maturity, maximum, MIRACL, mitigate, Monte, nonrefundable, onboarding, parent, policy, power, precluded, proposed, proximity, redeemed, refusal, release, renewal, rent, rentable, reseller, retain, Road, senior, simulation, Space, specialist, square, terminate, termination, unpaid, voting, waiving, warrant
Removed: activity, adjustment, adverse, Affirmation, AFIX, anniversary, Assignment, assume, attack, attend, authorizing, award, bidding, Bill, choose, clear, confidential, continually, correct, coverage, cybersecurity, damage, deed, destruction, destructive, diligence, effort, email, error, evolving, exceed, experience, experienced, expiration, fall, family, February, forensic, forfeitable, forming, fourth, guarantor, human, identifiable, impacted, implemented, incur, individually, insurable, intellectual, intention, interrupt, January, July, land, line, malfeasance, marketable, Maxar, Mission, misuse, modification, operational, pandemic, paying, permanent, personal, prevent, processing, proprietary, protect, quitclaim, Radiant, ransomware, reduce, regulated, regulatory, remediation, repair, reputation, rest, review, sensitive, simple, Simplifying, small, statutory, stolen, storage, strategic, subsidiary, successful, suffer, surrendered, technological, theft, trade, transmission, true, turnkey, unauthorized, valuable, vendor, victim, winning, withholding