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
Industry (SIC)
Microsoft • Oracle • BlackBerry • NortonLifeLock • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...
SEC CIK
Corporate docs
Subsidiaries
Aware Security Corporation ...
IRS number
42911026
AWRE stock data
Press releases
Aware to Exhibit Secure, Fraud-Resistant Mobile Authentication Solutions at ID4Africa 2022
15 Jun 22
Aware Sets First Quarter 2022 Webcast for Tuesday, April 26, 2022 at 5:00 p.m. Eastern Time
12 Apr 22
Aware Debuts World-Class Delivery, Integration and Customization Capabilities for Knomi® Mobile Biometric Authentication Framework
30 Mar 22
Calendar
27 Apr 22
26 Jun 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q4 2021
33.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 31 |
Opened positions | 2 |
Closed positions | 2 |
Increased positions | 6 |
Reduced positions | 11 |
13F shares | Current |
---|---|
Total value | 22.72M |
Total shares | 7.21M |
Total puts | 39.6K |
Total calls | 54K |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Dimensional Fund Advisors | 1.57M | $4.95M |
Punch & Associates Investment Management | 1.07M | $3.38M |
DG Capital Management | 907.05K | $2.86M |
Renaissance Technologies | 858.12K | $2.7M |
Far View Capital Management | 766.24K | $2.41M |
Vanguard | 609.65K | $1.92M |
BLK Blackrock | 403.03K | $1.27M |
Union Square Park Capital Management | 330.93K | $1.04M |
Aristides Capital | 135.73K | $428K |
Essex Investment Management | 135.63K | $427K |
Financial report summary
?Competition
IpsidyRisks
- 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
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H.S. freshman Good
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Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
21 Jun 22
8-K
Aware Reports Strong First Quarter 2022 Results, Highlighted by 30% Increase in Recurring Revenue
26 Apr 22
8-K
Entry into a Material Definitive Agreement
5 Apr 22
8-K
Aware’s Strategic Partnership with MIRACL Extends Its Cloud-Based Biometric Authentication Technology
15 Mar 22
8-K
Aware Reports Fourth Quarter and Full Year 2021 Financial Results
28 Feb 22
8-K
Aware Expands eKYC Offerings By Acquiring Fortress Identity
22 Dec 21
8-K
Aware Reports Third Quarter 2021 Financial Results
26 Oct 21
8-K
Regulation FD Disclosure
8 Sep 21
8-K
Aware Reports Second Quarter 2021 Financial Results
27 Jul 21
8-K
Departure of Directors or Certain Officers
20 May 21
Registration and prospectus
S-8
Registration of securities for employees
22 Nov 21
SC TO-C
Information about tender offer
4 Oct 10
SC TO-C
Information about tender offer
23 Sep 10
SC TO-I/A
Issuer tender offer statement (amended)
12 Jan 10
SC TO-I/A
Issuer tender offer statement (amended)
10 Jan 10
SC TO-I
Issuer tender offer statement
13 Dec 09
SC TO-I/A
Issuer tender offer statement (amended)
23 Apr 09
SC TO-C
Information about tender offer
19 Apr 09
SC TO-I/A
Issuer tender offer statement (amended)
19 Apr 09
SC TO-I/A
Issuer tender offer statement (amended)
2 Apr 09
Ownership
4
AWARE / David Brian Barcelo ownership change
17 Jun 22
4
AWARE / Robert A Eckel ownership change
20 May 22
4
AWARE / Robert A Eckel ownership change
18 May 22
4
AWARE / Mohamed Lazzouni ownership change
17 May 22
4
AWARE / Robert A Eckel ownership change
5 May 22
4
AWARE / JOHN S STAFFORD III ownership change
3 Mar 22
4
AWARE / Mohamed Lazzouni ownership change
3 Mar 22
4
AWARE / Brent P Johnstone ownership change
3 Mar 22
4
AWARE / Peter R. Faubert ownership change
3 Mar 22
4
AWARE / Gary Evee ownership change
3 Mar 22
Patents
Utility
Systems and methods of automated biometric identification reporting
21 Jun 22
Methods and systems for of generating reporting data in an automated, efficient, and risk-free fashion relating to an identification match relating to a probe image are disclosed.
Utility
Relationship detection within biometric match results candidates
15 Feb 22
Systems and methods for enhancing confidence in a biometric search result include submitting one or more biometric samples to a biometric search engine.
Utility
Fingerprint preview quality and segmentation
15 Feb 22
A ridge flow based fingerprint image quality determination can be achieved independent of image resolution, can be processed in real-time and includes segmentation, such as fingertip segmentation, therefore providing image quality assessment for individual fingertips within a four finger flat, dual thumb, or whole hand image.
Utility
Systems and Methods of Automated Biometric Identification Reporting
9 Dec 21
Methods and systems for of generating reporting data in an automated, efficient, and risk-free fashion relating to an identification match relating to a probe image are disclosed.
Utility
Fusion Template for User Authentication and Vault for Storing and Using the Same
28 Oct 21
Methods and systems are provided that allow a user to store, provision, and control a plurality of biometric and non-biometric modalities associated with the user.
Reddit threads
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - March 1st, 2022
1 Mar 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Picks for 2022-02-18
18 Feb 22
Daily Discussion Thread - October 26th, 2021
26 Oct 21
Daily Discussion Thread - October 25th, 2021
25 Oct 21
Daily Discussion Thread - July 27th, 2021
27 Jul 21
Daily Discussion Thread - July 26th, 2021
26 Jul 21