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Aware, Inc. reports developments in biometric identity and authentication software for organizations that verify identities, authenticate access and prevent identity-related fraud. Company updates center on the Awareness Platform, biometric orchestration, Aware Intelligent Liveness, and technologies that process fingerprint, face, iris and voice data across government and enterprise use cases.
Recurring news also covers quarterly financial results, webcast announcements, third-party evaluations and certifications, and performance in identity-testing programs such as the DHS Remote Identity Validation Rally. Aware’s releases often frame product development around AI-driven fraud, deepfakes, injection attacks, liveness detection, federal and aviation deployments, partnerships, and the company’s shift toward a platform-driven operating model.
Aware, Inc. (NASDAQ: AWRE) will host a webcast on April 26, 2022, at 5:00 p.m. Eastern time to discuss its financial results for Q1 2022, ending March 31, 2022. The presentation will be followed by a Q&A session. Interested parties can submit questions in advance via email. A replay of the presentation will be available for 90 days post-event on the company's investor relations website. Aware specializes in adaptive biometrics for identity verification, catering to government and commercial sectors.
Aware, Inc. (NASDAQ: AWRE) has announced the integration of Flutter™ Version 2.10 into its Knomi mobile biometric authentication platform. This enhancement allows for faster time to market and cost-effective development of advanced authentication features. With Flutter, Knomi 5.0 will enable developers to create applications across multiple platforms using a single codebase, improving efficiency and customization options. The update aims to meet market demands for quick, flexible, and secure biometric onboarding solutions, streamlining user experiences and reducing development costs.
Aware, Inc. (NASDAQ: AWRE) announced a strategic partnership with MIRACL and a $2.5 million investment in Omlis Limited, enhancing its biometric authentication offerings. This collaboration aims to improve defenses against data breaches and ransomware, which have surged significantly in recent years. Aware's integration of MIRACL’s technology will expand its cloud-based services, particularly in the financial sector, by providing multifactor authentication solutions. The partnership is expected to create future joint product developments and deliver simplified, secure user experiences.
Aware, Inc. (NASDAQ: AWRE) reported a 49% increase in revenue for 2021, reaching $16.9 million. Recurring revenue exceeded $9 million, driven by a tripling of subscription revenue. The company protected 42 million transactions via Knomi™, marking a 345% growth year-over-year. Despite a net loss of $5.8 million for the year, adjusted EBITDA improved to a loss of $3.8 million. Aware acquired Fortress Identity to enhance digital ID verification. Management aims to accelerate growth in 2022, targeting increases above the biometrics market’s 15% CAGR.
Aware (NASDAQ: AWRE), a leading biometric authentication company, is showcasing its Knomi mobile passwordless authentication solutions at Mobile World Congress Barcelona from February 28 to March 3, 2022. The demonstration highlights the significance of biometric technologies in securing SIM card registration and mobile transactions amidst rising identity theft and fraud. Aware’s offerings target mobile network operators, emphasizing strong security without compromising user convenience, as noted by Chief Commercial Officer Rob Mungovan. Attendees can visit Hall 5, Booth 29 for insights and a preview of upcoming products.
Aware (NASDAQ: AWRE) has partnered with Anonybit to enhance biometric data security. This collaboration aims to provide secure, privatized biometric templates, addressing growing concerns over data breaches. Aware's biometric technology combined with Anonybit's decentralized approach will enable privacy-preserving authentication solutions across various applications, including access control and time management. The partnership highlights the importance of securing biometric data as it becomes increasingly used in daily life, amidst rising data breach incidents.
Aware, Inc. (NASDAQ: AWRE) has received the 2022 Future Digital Award from Juniper Research for its Knomi® mobile biometric authentication platform. Recognized as the Best Mobile Identity Solution in the Security and Fraud category, Knomi addresses significant security challenges faced by telecommunications providers. The platform enhances customer authentication, reducing reliance on passwords and mitigating ID and SIM fraud risks. This accolade underscores the solution's robust market position and potential for improving user security and convenience.
Aware, Inc. (NASDAQ: AWRE) will host a webcast on March 1, 2022, at 5:00 p.m. Eastern Time to discuss its Q4 and full-year financial results for the year ended December 31, 2021. The results will be released prior to the call. Interested parties can submit questions in advance via email. The presentation will be available for replay on the company’s investor relations website for 90 days following the event. Aware specializes in biometrics software, providing solutions across various industries including finance, healthcare, and security.
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Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, has acquired Fortress Identity, enhancing its cloud-based compliance and risk management services for secure digital identities. The FortressID™ platform integrates biometric multi-factor authentication, promoting streamlined onboarding and compliance checks. This acquisition is expected to bolster Aware's market presence, particularly in North America, and supports its transformation to a SaaS business model. Aware aims to enhance its offerings, targeting financial compliance and fraud mitigation.