AWRE Aware

Aware, Inc. engages in the provision of software and services to the biometrics services. Its products are used in government and commercial biometrics systems, which are capable of determining or verifying an individual's identity. The firm also provides interoperable, standards-compliant, field-proven biometric functionality and are used to capture, verify, format, compress and decompress biometric images as well as aggregate, analyses, process and transport those images within biometric systems. The company was founded in 1986 and is headquartered in Bedford, MA.
Company profile
Ticker
AWRE
Exchange
Website
CEO
Robert A. Eckel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Activision Blizzard • BlackBerry • NortonLifeLock • Adobe • Vmware • Ceridian HCM Holding • McAfee • SolarWinds ...
SEC CIK
Corporate docs
IRS number
42911026
AWRE stock data
()
News
94 Biggest Movers From Yesterday
11 Feb 21
Mid-Afternoon Market Update: Dow Surges Over 100 Points; Panbela Therapeutics Shares Plunge
10 Feb 21
12 Information Technology Stocks Moving In Wednesday's Intraday Session
10 Feb 21
70 Stocks Moving In Wednesday's Mid-Day Session
10 Feb 21
Mid-Day Market Update: US Stocks Turn Lower; Bio-Path Shares Jump
10 Feb 21
Calendar
17 Feb 21
11 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from Aware earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 38.57M | 38.57M | 38.57M | 38.57M | 38.57M | 38.57M |
Cash burn (monthly) | 1.25M | 764.75K | 618.67K | 785.33K | 361.33K | 439.5K |
Cash used (since last report) | 4.24M | 2.59M | 2.1M | 2.66M | 1.23M | 1.49M |
Cash remaining | 34.32M | 35.97M | 36.47M | 35.9M | 37.34M | 37.07M |
Runway (months of cash) | 27.4 | 47.0 | 58.9 | 45.7 | 103.3 | 84.4 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Feb 21 | David Brian Barcelo | Stock Option Common Stock | Grant | Aquire A | No | No | 4.73 | 250,000 | 1.18M | 250,000 |
24 Feb 21 | Connolly Brian D | Unrestricted Stock Award Common Stock | Grant | Aquire A | No | No | 0 | 11,099 | 0 | 11,099 |
24 Feb 21 | Eckel Robert A | Stock Option Common Stock | Grant | Aquire A | No | No | 4.73 | 1,250,000 | 5.91M | 1,250,000 |
24 Feb 21 | Faubert Peter R. | Unrestricted Stock Award Common Stock | Grant | Aquire A | No | No | 0 | 11,099 | 0 | 11,099 |
24 Feb 21 | Mungovan Robert M | Stock Option Common Stock | Grant | Aquire A | No | No | 4.73 | 280,000 | 1.32M | 280,000 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
37.7% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 26 |
Opened positions | 2 |
Closed positions | 3 |
Increased positions | 8 |
Reduced positions | 8 |
13F shares |
Current |
---|---|
Total value | 28.34M |
Total shares | 8.1M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
DG Capital Management | 1.82M | $6.39M |
Dimensional Fund Advisors | 1.66M | $5.82M |
Far View Capital Management | 1.26M | $4.43M |
Punch & Associates Investment Management | 927.83K | $3.25M |
Renaissance Technologies | 913.16K | $3.2M |
BLK Blackrock | 474K | $1.66M |
NTRS Northern Trust | 384.78K | $1.35M |
Vanguard | 267.45K | $937K |
Bridgeway Capital Management | 83.58K | $293K |
CIBC Private Wealth | 50K | $175K |
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.
- 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
- We are primarily engaged in the development and sale of biometrics products, solutions and services. Our software products are used in government and commercial systems and applications and fulfill a broad range of functions critical to secure biometric enrollment, authentication, identification and transactions. Principal government applications of biometrics systems include border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control, and background checks. Principal commercial applications include: i) user enrollment and authentication used for login to mobile devices, computers, networks, and software programs; ii) user authentication for financial transactions and purchases (online and in-person); iii) physical access control to buildings; and iv) identity proofing of prospective employees and customers. We sell our biometrics software products and services globally through a multifaceted distribution strategy using systems integrators, OEMs, VARs, partners, and directly to end user customers. We also derive a portion of our revenue from the sale of imaging software licenses to OEMs and systems integrators that incorporate our software into medical imaging products and medical systems.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
AFIX, aggravate, Aid, alter, Baker, Bill, Brazil, captioned, carryback, Charlie, climate, combat, communicated, communicating, communication, community, crime, declared, disease, distancing, earlier, Essential, forma, goodwill, Governor, guarantee, guaranteed, guarantor, health, Hedging, hybrid, ideal, inaccurate, incomplete, leader, Leveraging, LGPD, lifecycle, macroeconomic, master, mathematical, matter, Maxar, Mission, mitigation, moderate, outbreak, palmprint, pandemic, pervasive, predominant, preliminary, pro, qualitative, quantitative, Radiant, recommended, relief, roll, scene, seller, situation, span, stemming, strain, strategic, streamline, suspended, thousand, Tracker, treat, turnover, unanticipated, unbundled, unpredictable, unrounded, vaccination, vaccine, warrant, wider
Removed:
AB, Accenture, AccuPrintTM, AccuScanTM, achieved, acknowledge, acted, adding, ago, aim, Alliance, Alternatively, analyst, Android, announcing, API, app, Apple, area, arrival, assist, assisted, assisting, attendant, Aurora, authenticated, authenticator, automatic, backlog, bank, begun, BioID, Biometria, Biometrica, biometrically, brand, called, camera, capacity, capturing, carte, categorization, categorized, Certibio, Certificadora, certified, Certisign, characteristic, checking, client, cloud, cluster, Cognitec, comfort, commenced, composition, computer, concert, confirm, consortia, consortium, contrast, convenient, coupled, Credence, crop, crosslink, CrosslinkWorkbench, customized, cybercrime, Datacard, dated, define, demographic, dependence, deploy, deployed, deploying, desirable, desktop, detail, detect, digital, digitally, discovery, discrete, distinguishing, Distributing, document, educational, efficiently, electronic, element, eliminate, embedded, emerged, emergence, employ, enabled, encoded, encountered, entering, Entrust, entry, erroneously, European, evolution, execute, expand, expert, expertise, external, extremely, eyelock, EyeVerify, FacePhi, FaceWorkbench, fashion, Fast, FBI, feedback, feeding, FIDO, field, filter, financially, FingerprintComponent, formed, FormScannerMB, FormScannerSE, Frameworkissued, Fujitsu, fuzzy, gaming, geography, GmbH, Google, Grumman, hand, handheld, healthcare, heightened, HID, holder, Honeywell, hospital, hostile, ICAOPack, ID, Identidade, Immigration, improve, inherent, inInternal, inked, Inquire, installing, introduced, iOS, IrisCheck, IrisCheckTM, IrisGuard, Iritech, ITL, justify, keystroke, knowledgeable, la, largest, leading, legacy, Lenel, lesser, licensing, link, LiveScan, LLC, magnetic, mainframe, mandated, manipulate, ManTech, manual, manufacture, marketed, mechanism, Microsoft, military, monetization, nascent, naturally, Navy, Neurotechnology, NIST, NISTComponent, NISTPack, Northrop, Nuance, onboarding, operator, paper, participate, password, patient, PC, pcs, peripheral, perpetuity, person, perspective, phone, PhotoComponent, photograph, PIN, PIVPackTM, plc, Precise, PreFace, PreFaceTM, preprocessing, President, principally, printing, PrintingComponent, procuring, produce, promoting, pursue, Qualcomm, question, quickly, rapidly, raw, region, registration, release, reliably, reliance, repair, repairing, representation, representing, reside, retail, retention, retired, retrospective, returned, rework, RightPatient, role, rollforward, Samsung, scale, scan, scanned, scanning, ScanningComponent, Science, sector, SecuGen, securely, securing, segmented, sensor, Sensory, sequence, SequenceCheck, SequenceCheckTM, set, shipment, SkyBiometry, slightly, smart, smartphone, Sonavation, spectrum, standardization, Stanley, storing, strictly, submission, submitting, subsystem, succeed, supplant, Suprema, surgical, tablet, Tascent, task, terrorism, tethered, text, textual, threat, transportation, transported, Tyco, undelivered, undesirable, uniform, unique, Universal, unknown, URC, Validation, vast, verifying, vi, vii, VoiceIt, VoiceTrust, watch, WorkbenchSuite, WorkbenchSuiteTM, workstation
Financial reports
10-K
2020 FY
Annual report
17 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
18 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
3 May 19
10-K
2018 FY
Annual report
19 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
Current reports
8-K
Regulation FD Disclosure
29 Mar 21
8-K
Departure of Directors or Certain Officers
16 Feb 21
8-K
Aware Reports Fourth Quarter and Full Year 2020 Results
9 Feb 21
8-K
Aware Extends Biometric Security Market Leadership With Acquisition Of AFIX™ Product Line
17 Nov 20
8-K
Aware Reports Third Quarter 2020 Financial Results
27 Oct 20
8-K
Aware, Inc. Reports Second Quarter 2020
28 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
21 May 20
8-K
Departure of Directors or Certain Officers
4 May 20
8-K
Aware, Inc. Announces Establishment of Stock Repurchase plan
4 May 20
8-K
Aware, Inc. Reports First Quarter 2020
28 Apr 20
Registration and prospectus
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
SC TO-I/A
Issuer tender offer statement (amended)
30 Mar 09
Proxies
DEF 14A
Definitive proxy
9 Apr 21
DEF 14A
Definitive proxy
9 Apr 20
DEF 14A
Definitive proxy
12 Apr 19
DEF 14A
Definitive proxy
12 Apr 18
DEF 14A
Definitive proxy
12 Apr 17
DEF 14A
Definitive proxy
14 Apr 16
DEF 14A
Definitive proxy
9 Apr 15
DEF 14A
Definitive proxy
10 Apr 14
DEF 14A
Definitive proxy
11 Apr 13
DEF 14A
Definitive proxy
12 Apr 12
Ownership
4
AWARE / Mohamed Lazzouni ownership change
26 Feb 21
4
AWARE / JOHN S STAFFORD III ownership change
26 Feb 21
4
AWARE / Robert M Mungovan ownership change
26 Feb 21
4
AWARE / Peter R. Faubert ownership change
26 Feb 21
4
AWARE / Robert A Eckel ownership change
26 Feb 21
4
AWARE / Brian D Connolly ownership change
26 Feb 21
4
AWARE / David Brian Barcelo ownership change
26 Feb 21
4
AWARE / Gary Evee ownership change
25 Feb 21
4
AWARE / Brent P Johnstone ownership change
25 Feb 21
3
AWARE / Gary Evee ownership change
19 Feb 21
Patents
APP
Utility
Data Analysis Engine
28 Jan 21
A system and method of analyzing data receives a user-specified selection of a data source, a user-specified selection of a type of data representation, and a user-specified description of a view to be constructed in accordance with the user-specified selection of the type of data representation.
GRANT
Utility
Image sharing system
12 Jan 21
A server system for distributing information securely includes a network interface for receiving, over a network, an information object accompanied by metadata.
APP
Utility
Fingerprint Preview Quality and Segmentation
25 Nov 20
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.
GRANT
Utility
Data analysis engine
26 Oct 20
A system and method of analyzing data receives a user-specified selection of a data source, a user-specified selection of a type of data representation, and a user-specified description of a view to be constructed in accordance with the user-specified selection of the type of data representation.
APP
Utility
Biometric Identification and Verification
30 Sep 20
In real biometric systems, false match rates and false non-match rates of 0% do not exist.