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 | $21.9K | $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.
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