AWARE INC /MA/ AWRE
Aware, Inc. ("Aware", "we", "us", "our", or the "Company") is a leading, biometric identification company that validates and secures identities using proven and trusted biometrics. Aware's software offerings address the growing challenges that government and commercial enterprises face in knowing, authenticating and securing individuals through frictionless and highly secure user experiences. Aware's algorithms are based on diverse data sets from around the world and can be tailored to the unique security requirements of each customer. Our portfolio enables government agencies and commercial entities to enroll, identify, authenticate and enable using biometrics, which comprise physiological characteristics, such as fingerprints, faces, irises and voices.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.3M | $17.4M | $18.2M | $16.0M | $16.9M | $11.3M | $12.2M | $16.1M | $15.5M | $21.6M |
| Cost of revenue | $1.3M | $835.0K | $1.3M | $1.3M | $1.2M | $810.0K | $1.3M | — | $601.0K | $766.0K |
| Gross profit | $16.0M | $16.6M | $17.0M | $14.7M | $15.6M | $10.5M | $10.9M | — | $14.9M | $20.8M |
| R&D | $8.3M | $7.8M | $9.1M | $9.2M | $9.3M | $9.1M | $7.9M | $7.1M | $7.8M | $6.9M |
| SG&A | $6.9M | $6.7M | $6.5M | $6.5M | $6.2M | $5.4M | $3.6M | $3.3M | $3.4M | $3.3M |
| Total operating expenses | $23.9M | $22.9M | $26.8M | $18.2M | $23.0M | $20.7M | $16.4M | $15.8M | $15.9M | $16.5M |
| Operating income | -$6.6M | -$5.5M | -$8.5M | -$2.2M | -$6.1M | -$9.4M | -$4.2M | $381.0K | $1.1M | $5.9M |
| Pre-tax income | -$5.6M | -$4.4M | -$7.3M | -$1.7M | -$6.1M | -$9.2M | -$3.1M | $1.2M | $1.5M | $6.2M |
| Income tax | $257.0K | $53.0K | $59.0K | $49.0K | $269.0K | $1.6M | $5.2M | $8.0K | $543.0K | $2.1M |
| Net income | $5.9M | $4.4M | $7.3M | -$1.7M | -$5.8M | -$7.6M | -$8.3M | $1.2M | $1.0M | $4.1M |
| EPS, basic | -0.28 | -0.21 | -0.35 | -0.08 | -0.27 | -0.35 | -0.39 | 0.06 | 0.05 | 0.18 |
| EPS, diluted | -0.28 | -0.21 | -0.35 | -0.08 | -0.27 | -0.35 | -0.39 | 0.06 | 0.05 | 0.18 |
| Shares, diluted (wtd. avg.) | 21.2M | 21.1M | 21.0M | 21.6M | 21.5M | 21.5M | 21.5M | 21.6M | 21,877 | 22.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.3M | $13.0M | $10.0M | $11.7M | $30.0M | $38.6M | $47.7M | $51.6M | $51.6M | $51.9M |
| Receivables | $3.0M | $2.9M | $2.5M | $3.3M | $3.8M | $2.3M | $2.5M | $2.0M | $2.4M | $3.0M |
| Total current assets | $28.3M | $33.0M | $35.8M | $37.3M | $38.8M | $43.7M | $53.8M | $57.2M | $55.6M | $55.2M |
| Property, plant and equipment | $477.0K | $477.0K | $579.0K | $726.0K | $3.2M | $3.7M | $3.8M | $4.1M | $4.3M | $4.6M |
| Goodwill | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M | $1.7M | $0 | — | — | — |
| Other intangibles | $1.6M | $2.0M | $2.4M | $2.8M | $3.2M | $1.2M | $0 | — | — | — |
| Total assets | $37.2M | $42.6M | $46.3M | $51.2M | $48.4M | $51.6M | $57.6M | $66.4M | $65.0M | $62.0M |
| Accounts payable | $1.0M | $894.0K | $280.0K | $639.0K | $283.0K | $494.0K | $187.0K | $126.0K | $166.0K | $135.0K |
| Total current liabilities | $7.5M | $7.9M | $7.5M | $5.8M | $5.7M | $5.9M | $4.1M | $4.5M | $4.4M | $3.9M |
| Retained earnings | -$75.8M | -$69.9M | -$65.5M | -$58.2M | -$56.5M | -$50.6M | -$43.0M | -$34.7M | -$35.9M | -$42.8M |
| Total equity | $26.1M | $30.9M | $34.3M | $40.2M | $41.5M | $45.7M | $53.4M | $61.9M | $60.5M | $59.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.4M | -$3.2M | $1.8M | -$5.0M | -$6.2M | -$5.3M | -$2.9M | $660.0K | $3.7M | $3.8M |
| Depreciation and amortisation | $572.0K | $562.0K | $578.0K | $760.0K | $687.0K | $561.0K | $441.0K | $443.0K | $519.0K | $622.0K |
| Stock-based compensation | $1.2M | $1.1M | $1.5M | $1.7M | $1.6M | $838.0K | $692.0K | $580.0K | $663.0K | $558.0K |
| Capital expenditure | $165.0K | $45.0K | $16.0K | $730.0K | $27.0K | $484.0K | $111.0K | $206.0K | $82.0K | $87.0K |
| Investing cash flow | -$274.0K | $6.3M | -$3.1M | -$12.0M | -$2.5M | -$2.9M | -$111.0K | -$206.0K | $937.0K | -$87.0K |
| Financing cash flow | -$31.0K | -$159.0K | -$426.0K | -$1.2M | $109.0K | -$989.0K | -$814.0K | -$450.0K | -$4.9M | -$3.0M |
| Dividends paid | $0 | $0 | $0 | — | — | — | — | — | — | — |
| Buybacks | $115.0K | $207.0K | $506.0K | $1.3M | — | $946.0K | $765.0K | $393.0K | $4.8M | $3.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-237209.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.6M | $15.5M | $16.1M | $12.2M | $11.3M | $16.9M | $16.0M | $18.2M | $17.4M | $17.3M |
| Gross profit | $20.8M | $14.9M | — | $10.9M | $10.5M | $15.6M | $14.7M | $17.0M | $16.6M | $16.0M |
| Net income | $4.1M | $1.0M | $1.2M | -$8.3M | -$7.6M | -$5.8M | -$1.7M | $7.3M | $4.4M | $5.9M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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