IWSY Imageware Systems Dashboard

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 • BlackBerry • Activision Blizzard • NortonLifeLock • Adobe • Vmware • Ceridian HCM Holding • McAfee • Intuit ...

Former names

IMAGEWARE SOFTWARE INC

SEC CIK

0000941685

Corporate docs

Articles of Incorporation & Bylaws

IRS number

330224167

Press releases

Pro users get this 30m faster

Imageware Authenticate Earns FirstNet® Verified™ Designation Now Available to FirstNet Subscribers

26 Jul 21

SAN DIEGO, July 26, 2021 /PRNewswire/ -- Imageware® (OTCQB:IWSY) ("Imageware" or "the Company"), a leader in biometric identification and authentication, announced today that following a rigorous

ImageWare Reports First Quarter 2021 Results

2 Jun 21

SAN DIEGO, June 2, 2021 /PRNewswire/ -- ImageWare® Systems, Inc. (OTCQB:IWSY) ("ImageWare" or "the Company"), a leader in biometric identification and authentication, today reported financial results

ImageWare Sets First Quarter 2021 Earnings Call for Wednesday, June 2, 2021 at 4:30 p.m. ET

20 May 21

SAN DIEGO, May 20, 2021 /PRNewswire/ -- ImageWare® Systems, Inc. (OTCQB:IWSY) ("ImageWare" or "the Company"), a leader in biometric identification and authentication, will hold a conference call on

ImageWare Partners with Gateway to Lead Expanded Investor Relations Program

17 May 21

ImageWare Appoints Three Industry Leaders to Newly Established Advisory Board

6 May 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Financial summary

Financial statements Chart IWSY financial data

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
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Cash on hand
Change in cash
Diluted EPS

Financial data from company 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)	5.06M	5.06M	5.06M	5.06M	5.06M	5.06M
Cash burn (monthly)	1.1M	(positive/no burn)	881K	759.42K	1.1M	776.58K
Cash used (since last report)	4.49M	n/a	3.61M	3.11M	4.49M	3.18M
Cash remaining	563.88K	n/a	1.45M	1.94M	562.52K	1.87M
Runway (months of cash)	0.5	n/a	1.6	2.6	0.5	2.4

Beta Read what these cash burn values mean

Recent insider trades

IWSY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 May 21	Sight James W	Stock Options Common Stock	Grant	Aquire A	No	No	0.065	750,000	48.75K	750,000
16 Apr 21	Lauren C Anderson	Stock Options Common Stock	Grant	Aquire A	No	No	0.067	750,000	50.25K	750,000
16 Apr 21	James M Demitrieus	Stock Options Common Stock	Grant	Aquire A	No	No	0.067	1,300,000	87.1K	1,300,000
16 Apr 21	Kristin Taylor	Stock Options Common Stock	Grant	Aquire A	No	No	0.067	27,000,000	1.81M	27,000,000

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

Institutional ownership Q1 2021

IWSY institutional ownership history Ownership history

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

85.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	1	+100.0%
Opened positions	1	1	–
Closed positions	0	1	EXIT
Increased positions	1	0	NEW
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	21.77M	24.69M	-11.8%
Total shares	270.48M	266.07M	+1.7%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Nantahala Capital Management	270.2M	$21.75M	+1.6%
Eudaimonia Partners	283.03K	$23K	NEW

Largest transactions	Shares	Bought/sold	Change
Nantahala Capital Management	270.2M	+4.13M	+1.6%
Eudaimonia Partners	283.03K	+283.03K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

VerifyMe

Management Discussion

This management’s discussion and analysis of financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements and related notes contained elsewhere in this Quarterly Report.
Software and royalty revenue decreased approximately $86,000 during the three months ended March 31, 2021 as compared to the corresponding period in 2020. This decrease is attributable to lower identification project related revenue of approximately $53,000, lower identification royalties of approximately $30,000 and lower law enforcement software revenue of approximately $7,000 offset by higher sales of boxed identity management software sold through our distribution channel of approximately $4,000.
Revenue from the sale of hardware and consumables decreased approximately $1,000 during the three months ended March 31, 2021 as compared to the corresponding period in 2020 due to a decrease in consumables procurement by our law enforcement customers.

Content analysis

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Readability	H.S. sophomore V bad

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From filing 10-Q 2021 Q1