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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
SEC CIK
IRS number
42911026

AWRE stock data

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Calendar

28 Apr 21
13 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 36.04M 36.04M 36.04M 36.04M 36.04M 36.04M
Cash burn (monthly) 841.67K 901.42K 483K 793.83K 823.67K 599.67K
Cash used (since last report) 2.05M 2.19M 1.17M 1.93M 2M 1.46M
Cash remaining 33.99M 33.85M 34.87M 34.11M 34.04M 34.58M
Runway (months of cash) 40.4 37.6 72.2 43.0 41.3 57.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Eckel Robert A Common Stock Buy Aquire P No No 3.51 10,000 35.1K 153,422
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

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

34.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 33 26 +26.9%
Opened positions 9 2 +350.0%
Closed positions 2 3 -33.3%
Increased positions 7 8 -12.5%
Reduced positions 8 8
13F shares
Current Prev Q Change
Total value 36.25M 28.34M +27.9%
Total shares 7.51M 8.1M -7.3%
Total puts 80.4K 0 NEW
Total calls 16K 0 NEW
Total put/call ratio 5.0
Largest owners
Shares Value Change
Dimensional Fund Advisors 1.63M $5.97M -1.6%
Far View Capital Management 1.26M $4.43M 0.0%
DG Capital Management 1.08M $3.93M -41.1%
Punch & Associates Investment Management 989.33K $3.61M +6.6%
Renaissance Technologies 887.03K $3.24M -2.9%
Vanguard 579.98K $2.12M +116.9%
BLK Blackrock 487.21K $1.78M +2.8%
Aristides Capital 121.25K $443K NEW
Bridgeway Capital Management 103.58K $378K +23.9%
CIBC Private Wealth 50K $183K 0.0%
Largest transactions
Shares Bought/sold Change
DG Capital Management 1.08M -749.36K -41.1%
NTRS Northern Trust 38.51K -346.26K -90.0%
Vanguard 579.98K +312.53K +116.9%
Aristides Capital 121.25K +121.25K NEW
Punch & Associates Investment Management 989.33K +61.5K +6.6%
Ashfield Capital Partners 0 -50K EXIT
Dimensional Fund Advisors 1.63M -27.02K -1.6%
RY Royal Bank Of Canada 26.88K +26.83K +53664.0%
Renaissance Technologies 887.03K -26.13K -2.9%
Citadel Advisors 25.11K +25.11K NEW

Financial report summary

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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.
  • 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 20% from $2.0 million in the three months ended March 31, 2020 to $2.4 million in the same three month period in 2021.  As a percentage of total revenue, software license revenue decreased from 56% in the first quarter of 2020 to 54% in the current year quarter. The $0.4 million increase in software license revenue was due primarily to an increase in subscription-based contracts of $0.6 million and $0.2 million of revenue related to sales of AFIX products as a result of or acquisition of AFIX products in the fourth quarter of 2020.  This increase was partially offset by lower revenue from our fixed amount contracts.
  • As described in the strategy section of our Form 10-K for the year ended December 31, 2020, 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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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