Aware Stock Price, News & Analysis

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.

Aware, Inc. (NASDAQ: AWRE) announced that Marquis Software is using its Knomi mobile biometric authentication solution to authenticate over 10,000 offenders in Arkansas. The system employs face and voice liveness detection, enhancing security during online check-ins for parole and probation. Aware also released enhancements to Knomi's voice authentication, improving dual-authentication capabilities. This transition to mobile biometrics was expedited due to COVID-19, showcasing Aware's commitment to innovation in biometric identity verification.

Aware, Inc. (NASDAQ: AWRE), a biometrics software provider, has appointed Gateway Investor Relations to launch a comprehensive investor relations program. This initiative aims to enhance Aware's communication of its technological advancements, particularly in its Knomi® mobile biometric authentication framework. CEO Bob Eckel highlighted significant investments in technology that position Aware for growth in subscription-based services. Gateway will refine messaging and corporate positioning, opening channels to institutional investors and analysts to promote Aware's identity solutions.

Aware, Inc. (NASDAQ: AWRE) announced on Sept. 15, 2020, that its Knomi^® solution successfully passed presentation attack detection (PAD) testing levels 1 and 2 per ISO/IEC 30107-3, conducted by iBeta Quality Assurance. This achievement places Aware among a select few that have met these stringent standards. Knomi reported a flawless Attack Presentation Classification Error Rate (APCER) of 0%, marking a significant milestone in mobile biometric security. The solution leverages passive liveness technology for secure multifactor authentication, vital in today's mobile-centric environment.

Aware, Inc. (NASDAQ: AWRE) announced the launch of Knomi D version 2.7.3, enhancing its mobile biometric authentication framework. Knomi D supports secure multifactor authentication using face and voice recognition, especially in areas with limited network connectivity. This version aligns with Aware's commitment to privacy and security while offering flexibility for customers. Knomi D utilizes the same API design as Knomi S, ensuring high accuracy. The release emphasizes Aware's strategic focus on customizable biometric solutions catering to diverse client needs.

Aware, Inc. (NASDAQ: AWRE) reported a revenue decline in Q2 2020, generating $1.9 million compared to $3.0 million in Q2 2019. The operating loss widened to $3.7 million from $1.2 million due to COVID-19-related delays in licensing and services. For the first half of 2020, revenue was $5.4 million, down from $6.7 million in the previous year. The net loss increased to $4.2 million, or $0.20 per diluted share, from $0.7 million, or $0.03 per diluted share, year-on-year. Despite these challenges, Aware highlights growth in its subscription-based business and ongoing investments in engineering and sales.