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.
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Aware, Inc. (NASDAQ: AWRE) has appointed Gary Evee as a Class I director on its Board, enhancing its expertise in business, technology, and cybersecurity. Evee, founder of Evee Consulting Group, brings over 25 years of experience, particularly from his role at IBM's Cybersecurity Business Unit. His leadership is expected to bolster Aware's mission of empowering individuals to Own their Identity™. The board welcomes this addition to further strengthen its capabilities in the growing biometrics market.
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.