Imageware Systems (IWSY)

In 1987, ImageWare was founded to innovate imaging. After a bold start evolving silver halide photography into digital images, ImageWare built the first statewide digital booking platform for the United States law enforcement in 1998. Since then, ImageWare has evolved into the largest holder of multimodal biometrics, managing millions of identities daily. With vast experience in the government sector, ImageWare is democratizing biometrics by offering defense-grade identity and authentication solutions to the masses. By identifying the person, not a device, ImageWare is giving populations around the globe access to their important data. www.iwsinc.com

Company profile

Ticker

IWSY

Exchange

Incorporated

Location

Fiscal year end

Sector

Technology Services > Other Technology

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Electronic Arts ...

Former names

IMAGEWARE SOFTWARE INC

SEC CIK

0000941685

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

330224167

Investment data

Data from SEC filings

Securities sold

Number of investors

Financial summary

Financial statements Chart IWSY financial data

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)	832K	832K	832K	832K	832K	832K
Cash burn (monthly)	123.33K	352K	899.33K	(no burn)	480.33K	490.67K
Cash used (since last report)	542.48K	1.55M	3.96M	n/a	2.11M	2.16M
Cash remaining	289.52K	-716.28K	-3.12M	n/a	-1.28M	-1.33M
Runway (months of cash)	2.3	-2.0	-3.5	n/a	-2.7	-2.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

IWSY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Jul 22	Nantahala Capital Management	Series D Convertible Preferred Stock Common Stock	Other	Dispose J	Yes	No	1000	150	150K	13,278
3 Jun 22	Nantahala Capital Management	Series D Convertible Preferred Stock Common Stock	Other	Dispose J	Yes	No	1000	2,600	2.6M	13,274
24 Mar 22	Goldman Neal I	Common Stock	Sell	Dispose S	No	No	0.0152	3,473,361	52.8K	49,554,406
23 Dec 21	Goldman Neal I	Common Stock	Sell	Dispose S	No	No	0.0195	3,472,361	67.71K	53,027,767

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

IWSY institutional ownership history Ownership history

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1	2	-50.0%
Opened positions	0	1	EXIT
Closed positions	1	1	–
Increased positions	0	1	EXIT
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	1.7M	7.81M	-78.2%
Total shares	100K	278.4M	-100.0%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Archer Investment	100K	$1.7M	0.0%

Largest transactions	Shares	Bought/sold	Change
Nantahala Capital Management	0	-278.3M	EXIT
Archer Investment	100K	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

VerifyMe

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: accuracy, accurate, accurately, advertising, aggravate, agnostic, alike, archive, area, attack, attend, attendance, Badge, bear, biographic, blockchain, built, bureau, capability, capable, cascading, central, chain, cited, combat, constantly, constitute, contemporaneously, coordinated, copy, coupon, criminal, customizable, database, deal, decentralized, deferral, deploy, deploying, detail, detailed, easily, embed, employ, exceeded, experienced, exploiting, fact, fall, faster, fastest, field, fusion, immaterial, Inadequate, increasingly, intent, intentionally, kit, Language, largest, lien, line, LOC, log, Manufacture, matching, maturity, methodology, misuse, multimodal, negotiating, network, networked, OIDC, OpenID, palm, path, persist, PIV, prepay, print, pro, Proof, prospective, prove, rata, regional, resumption, retrieve, SAML, SDK, seamlessly, segregation, server, signature, SMT, sponsored, stemming, supplier, supply, theft, thereon, thereto, threshold, tied, top, true, trust, unaware, underpinned, unfold, unparalleled, vaccine, vendor, verify

Removed: accrue, administered, Administration, advisory, affiliated, amending, amounted, automatic, cancelled, certified, Comerica, composition, comprise, Concurrently, declared, degree, designating, detrimental, distributed, Division, exchanged, exercising, factoring, faith, final, firm, foregoing, forgiven, healthcare, intangible, July, mugshot, multiplied, nonlease, Oregon, outbreak, Paycheck, payroll, Portland, post, PPP, Program, qualifying, rank, reduction, restating, SBA, slightly, subordinate, unrecognized, unvested, updating, voluntary, voted, winding, World

From filing 10-Q 2022 Q1

Financial reports

View all

10-K/A

2021 FY

Annual report (amended)