Aware Stock Price, News & Analysis

Aware, Inc. (NASDAQ: AWRE) reported strong financial results for Q4 2020, with revenue hitting $3.4 million, a 38% sequential and 40% year-over-year increase. This growth was driven by higher license and subscription revenues. Although the company reported an operating loss of $1.9 million in Q4, this was an improvement from the previous quarter. For the full year 2020, revenue totaled $11.3 million, down from $12.2 million in 2019, mainly due to lower services revenue. Aware aims to capitalize on growth opportunities and expand its market presence in 2021.

Aware (NASDAQ: AWRE) has announced a webcast scheduled for February 9, 2021, at 5:00 p.m. Eastern time to discuss its financial results for Q4 and the full year ending December 31, 2020. The financial results will be made public through a press release prior to the call. The session will include a presentation by management followed by a Q&A. Interested parties can submit questions prior to the event via email. A replay of the presentation will be available on the company's investor relations website for 90 days.

Aware, Inc. (NASDAQ: AWRE) launched AwareABIS, a modular Automated Biometric Identification System designed for civil and criminal applications, supporting up to 30 million identities. AwareABIS enables law enforcement and civil agencies to retain control over their data and infrastructure, avoiding costly proprietary solutions. It features advanced biometric search capabilities and is adaptable for both criminal and civil needs. Key attributes include open integration, customer data ownership, comprehensive reporting, and ease of installation.

Aware, Inc. (NASDAQ: AWRE) announced its compliance with Level 1 and Level 2 PIV standards after successfully completing the NIST MINEX III evaluation. This test measures the interoperability of biometric software used by the U.S. Government, making Aware one of only two U.S. companies to achieve this certification. The evaluation included rigorous testing on 2 million finger templates, establishing Aware's fingerprint biometric algorithms as the highest-rated among U.S. firms. This compliance underscores Aware's commitment to providing secure and interoperable fingerprint technology for global organizations.

Aware (NASDAQ: AWRE) has launched Knomi version 2.13, a cutting-edge mobile biometric software that enhances face-matching for individuals wearing masks, an important feature given the current pandemic. This update not only improves matching accuracy without requiring users to re-enroll images but also maintains high performance speeds. The new algorithm effectively reduces false matches while ensuring a seamless user experience. Aware's commitment to enhancing biometric security is exemplified in this release, addressing a significant market need during challenging times.

Aware, Inc. has acquired the AFIX suite of biometric products from Maxar Technologies, expanding its ABIS product line. This acquisition enables Aware to cater to a broader range of customers, from small to large government agencies, with scalable biometric solutions. The global biometric technology market is growing at nearly 20% annually, indicating strong demand. Aware aims to leverage its existing technologies combined with AFIX to enhance offerings and reach new markets.

Robert Eckel, CEO of Aware, has been appointed to the International Biometrics + Identity Association (IBIA) Board of Directors. With over 30 years of experience in biometrics and identity management, Eckel aims to promote the secure use of biometric technologies. His role will leverage his expertise to enhance security and productivity for various sectors, while addressing misconceptions about biometrics. This appointment aligns with Aware's strategic growth in biometrics solutions, spotlighting Eckel's commitment to advancing identity management technologies.

Aware, Inc. (NASDAQ: AWRE) will participate in Identity Week London 2020, taking place from November 16-18. Key executives will engage in breakout sessions, discussing advancements in mobile passwordless authentication via their Knomi product. Rob Mungovan, CCO, will address biometric threats and security measures, while Kai Imgenberg will moderate discussions on the integration of face and voice biometrics. Knomi offers strong passwordless security for over 11 million transactions, emphasizing user privacy and experience.

Aware, Inc. (NASDAQ: AWRE) reported Q3 2020 revenue of $2.5 million up 31% from Q2 2020, driven by software licenses, despite a year-over-year decline from $3.0 million due to COVID-19-related delays. The operating loss narrowed to $2.5 million from $3.7 million sequentially but widened from $1.2 million year-over-year. Year-to-date revenue decreased to $7.9 million from $9.8 million. Net loss was $1.8 million or $(0.08) per diluted share. Cash totaled $42.3 million. Strong growth in Knomi subscriptions and transaction volume highlights the company's operational improvements and strategic focus on market expansion.