Welcome to our dedicated page for Aware news (Ticker: AWRE), a resource for investors and traders seeking the latest updates and insights on Aware stock.
Aware, Inc. (NASDAQ: AWRE) is a biometric identity and authentication company whose news flow centers on technology developments, certifications, and financial performance. Public announcements describe Aware as a global biometric platform company and a global leader in biometric identity and authentication solutions, with its Awareness Platform transforming biometric data into actionable intelligence for government and commercial users.
News about Aware often covers quarterly financial results, where the company reports revenue from software licenses, software maintenance, services, and software subscriptions, along with metrics such as recurring revenue and adjusted EBITDA. These updates provide insight into how Aware’s subscription-based and license-based models are evolving and how its investments in research, development, and go-to-market activities affect operating results.
Another major theme in Aware’s news is product and technology innovation. The company has announced Intelligent Liveness, a liveness detection capability that combines passive and active methods, and has highlighted improvements such as faster face matching performance and smarter mobile face capture in its Awareness Platform. Releases also describe performance in independent evaluations, including best-in-class passive liveness detection results in the U.S. Department of Homeland Security’s Remote Identity Validation Technology Demonstration and recognition as a Luminary in Core Identity Technology in the Prism Project’s Deepfake and Synthetic Identity Report.
Regulatory and standards-related milestones feature prominently as well. Aware has reported earning FIDO Alliance Certification for Face Verification for its identity verification technology, following testing with an accredited biometric testing laboratory. Executive appointments and leadership changes, such as additions to its marketing and revenue leadership, are also part of its regular news flow.
Investors and observers who follow AWRE news can expect updates on financial results, recurring revenue trends, biometric platform enhancements, independent test results, certifications, and leadership developments. These items provide context on how Aware positions its biometric identity and authentication solutions in government and commercial markets.
Aware (NASDAQ: AWRE) showcased its AwareABIS and AFIX Tracker products at the IAI Educational Conference from August 2-4, 2021, in Nashville, TN. These biometric solutions cater to law enforcement, with AwareABIS handling up to 30 million identities and supporting fingerprint, face, and iris modalities. The AFIX Tracker is designed for smaller agencies, serving 15,000 to 1 million identities. Aware's products aim to meet the growing demand for biometric identification in law enforcement, with live demonstrations available during the event.
Aware, Inc. (NASDAQ: AWRE) announced a significant milestone in its Q2 2021 results, reporting revenue of $4.3 million, marking a 2.3-fold increase year-over-year. Transaction volume surged, exceeding 18 million in the first half of 2021 compared to 11 million in all of 2020. The integration of the AFIX product line has enhanced Aware's market position and created new revenue streams. Despite a net loss of $1.5 million for Q2, Aware reduced its adjusted EBITDA loss to $0.9 million, showcasing operational improvements. Cash reserves stood at $35.2 million, indicating a strong balance sheet.
Aware, Inc. (NASDAQ: AWRE) announced a webcast scheduled for July 27, 2021, at 5:00 p.m. Eastern Time to discuss its financial results for Q2 2021, ending June 30. A press release detailing the financial results will precede the call. The presentation will include a Q&A session and will be available for replay for 90 days post-event. Aware specializes in biometric software solutions and serves various industries, including financial services, healthcare, and law enforcement.
Aware, a leader in biometrics, has announced a new partnership with Iris ID Systems to enhance identification technologies for state and local agencies. This collaboration aims to utilize the FBI's Next Generation Identification (NGI) Iris Service, promoting fast and accurate iris-based identification in criminal justice. Aware's products, including AwareABIS and Nexa|Iris, will be integrated with Iris ID's hardware to provide improved recognition capabilities. The partnership supports law enforcement by facilitating better access to biometric data and quicker apprehension of individuals.
Aware, Inc. (NASDAQ: AWRE) announced a partnership with Imprivata to integrate its biometric facial recognition technology into Imprivata's electronic prescriptions for controlled substances (EPCS) solution. This innovation allows healthcare providers to self-enroll securely when prescribing controlled substances, enhancing patient safety and compliance. Aware's biometrics improve healthcare workflows by offering secure mobile patient registration, accurate patient identification, and streamlined mobile authentication. The collaboration aims to bolster cybersecurity while meeting compliance demands in the healthcare sector.
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Aware, Inc. (NASDAQ: AWRE) reported strong financial results for Q1 2021, achieving a 29% sequential revenue increase to $4.4 million, up 26% year-over-year. The surge is attributed to rising subscription revenue driven by transaction growth. Over 7 million transactions were secured by Knomi, supporting its 5x year-on-year subscription revenue growth. Despite a net loss of $1.4 million, cash reserves stand at $36 million. Partnerships, including one with Intercede for the U.S. Department of State, and advancing technology like the NIST evaluation bolster Aware's continued growth prospects.
Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, announced a webcast on April 27, 2021, at 5:00 p.m. Eastern to discuss its Q1 2021 financial results. The results will be released prior to the call, allowing investors to gain insights into the company's performance. A question-and-answer session will follow the presentation. Interested parties can submit questions in advance via email. A replay of the presentation will be available for 90 days in the investor relations section of Aware’s website.
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Aware (NASDAQ: AWRE) has announced a partnership with Intercede to enhance cybersecurity solutions using Aware's biometric expertise. This five-year collaboration aims to bolster digital identity security, specifically targeting federal agencies and enterprises. Their combined solutions will strengthen Intercede's MyID Credential Management System, which enables secure multi-factor authentication. Both companies have already secured a contract with a US federal agency. Aware's biometric software will integrate into Intercede's platform, ensuring high security amidst rising identity theft threats.