Aware, Inc. (AWRE) 10-Year Financial Performance & Capital Metrics

AWRE • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

AboutAware, Inc. provides biometrics software products and solutions in the United States, Brazil, the United Kingdom, and internationally. It offers biometrics software products, including biometric search and matching software development kits (SDKs); biometric enrollment SDKs and application programming interfaces (APIs); and imaging products for medical and advanced imaging applications, such as JPEG2000 product to compress, store, and display images, as well as software maintenance services. The company also provides Knomi mobile biometric authentication framework; AwareABIS, an automated biometric identification system; AFIX suite of products for small-scale law enforcement focused biometric identification; BioSP, a biometric services platform; WebEnroll, a browser-based biometric enrollment and data management solution; AwareID, a software-as-a-service that provides biometric face and voice analysis for liveness-verification, and document validation; and Fortress Identity Biometric Authenticator and Onboarding Authentication Platform, which offers multi-factor authentication through passive and active biometrics for multiple modalities, including voice, fingerprint, face, and behavior to enable online onboarding and identity proofing. In addition, it offers program management and software engineering services, including project planning and management; system and architecture design; software design, development, customization, configuration, and testing; and software integration and installation. The company's software portfolio enables government agencies and commercial entities to enroll, identify, authenticate, and enable using biometrics, such as fingerprints, faces, irises, and voices. The company sells its products through systems integrators, original equipment manufacturers, value added resellers, and partners, as well as directly to end user customers. Aware, Inc. was incorporated in 1986 and is headquartered in Bedford, Massachusetts.Show more

Revenue $17M -4.7%
EBITDA -$5M +37.4%
Net Income -$4M +39.4%
EPS (Diluted) -0.21 +40.0%
Gross Margin 93.49% +0.5%
EBITDA Margin -28.66% +34.3%
Operating Margin -31.89% +31.9%
Net Margin -25.48% +36.4%
ROE -13.59% +30.8%
ROIC -16.33% +21.3%
Debt/Equity 0.14 +5.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.3x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.06%

5Y7.34%

3Y1.05%

TTM2.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM24.98%

EPS CAGR

10Y-

5Y-

3Y-

TTM25.25%

ROCE

10Y Avg-5.92%

5Y Avg-14.65%

3Y Avg-13.47%

Latest-15.08%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	19.62M	21.57M	16.28M	16.13M	12.2M	11.31M	16.85M	16.01M	18.24M	17.39M
Revenue Growth %	-0.17%	0.1%	-0.25%	-0.01%	-0.24%	-0.07%	0.49%	-0.05%	0.14%	-0.05%
Cost of Goods Sold+	2.51M	2.1M	875K	1.24M	1.26M	810K	1.21M	1.26M	1.27M	1.13M
COGS % of Revenue	0.13%	0.1%	0.05%	0.08%	0.1%	0.07%	0.07%	0.08%	0.07%	0.07%
Gross Profit+	17.11M	19.46M	15.41M	14.89M	10.94M	10.5M	15.64M	14.75M	16.97M	16.26M
Gross Margin %	0.87%	0.9%	0.95%	0.92%	0.9%	0.93%	0.93%	0.92%	0.93%	0.93%
Gross Profit Growth %	-0.04%	0.14%	-0.21%	-0.03%	-0.27%	-0.04%	0.49%	-0.06%	0.15%	-0.04%
Operating Expenses+	13.24M	14.37M	15.18M	14.58M	15.12M	19.92M	21.74M	16.96M	25.51M	21.8M
OpEx % of Revenue	0.67%	0.67%	0.93%	0.9%	1.24%	1.76%	1.29%	1.06%	1.4%	1.25%
Selling, General & Admin	7.44M	7.43M	7.41M	7.47M	7.19M	10.83M	12.48M	13.51M	14.5M	14.04M
SG&A % of Revenue	0.38%	0.34%	0.46%	0.46%	0.59%	0.96%	0.74%	0.84%	0.8%	0.81%
Research & Development	5.8M	6.94M	7.77M	7.11M	7.93M	9.09M	9.26M	9.23M	9.12M	7.76M
R&D % of Revenue	0.3%	0.32%	0.48%	0.44%	0.65%	0.8%	0.55%	0.58%	0.5%	0.45%
Other Operating Expenses	55K	0	0	69K	0	0	0	-5.78M	1.88M	0
Operating Income+	3.92M	5.91M	1.81M	381K	-4.18M	-9.42M	-6.1M	-2.22M	-8.54M	-5.54M
Operating Margin %	0.2%	0.27%	0.11%	0.02%	-0.34%	-0.83%	-0.36%	-0.14%	-0.47%	-0.32%
Operating Income Growth %	-0.45%	0.51%	-0.69%	-0.79%	-11.97%	-1.26%	0.35%	0.64%	-2.85%	0.35%
EBITDA+	4.55M	6.53M	2.33M	824K	-3.74M	-8.86M	-5.41M	-1.46M	-7.96M	-4.98M
EBITDA Margin %	0.23%	0.3%	0.14%	0.05%	-0.31%	-0.78%	-0.32%	-0.09%	-0.44%	-0.29%
EBITDA Growth %	-0.4%	0.43%	-0.64%	-0.65%	-5.54%	-1.37%	0.39%	0.73%	-4.46%	0.37%
D&A (Non-Cash Add-back)	640K	622K	519K	443K	441K	561K	687K	760K	578K	562K
EBIT	3.87M	5.1M	1.11M	312K	-4.18M	-9.42M	-6.1M	-8M	-6.66M	-5.54M
Net Interest Income+	151K	280K	401K	844K	1M	176K	4K	540K	1.28M	1.17M
Interest Income	151K	280K	401K	844K	1M	176K	4K	540K	1.28M	1.17M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	163K	280K	437K	844K	1.05M	176K	4K	540K	1.28M	1.17M
Pretax Income+	4.08M	6.19M	2.25M	1.23M	-3.13M	-9.25M	-6.09M	-1.68M	-7.25M	-4.38M
Pretax Margin %	0.21%	0.29%	0.14%	0.08%	-0.26%	-0.82%	-0.36%	-0.1%	-0.4%	-0.25%
Income Tax+	-536K	2.08M	965K	-8K	5.21M	-1.63M	-269K	49K	59K	53K
Effective Tax Rate %	1.13%	0.66%	0.57%	1.01%	2.67%	0.82%	0.96%	1.03%	1.01%	1.01%
Net Income+	4.61M	4.1M	1.28M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Net Margin %	0.24%	0.19%	0.08%	0.08%	-0.68%	-0.67%	-0.35%	-0.11%	-0.4%	-0.25%
Net Income Growth %	0.01%	-0.11%	-0.69%	-0.04%	-7.76%	0.09%	0.24%	0.7%	-3.24%	0.39%
Net Income (Continuing)	4.61M	4.1M	1M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.20	0.18	0.06	0.06	-0.39	-0.35	-0.27	-0.08	-0.35	-0.21
EPS Growth %	0%	-0.1%	-0.67%	-0.05%	-7.83%	0.1%	0.23%	0.7%	-3.38%	0.4%
EPS (Basic)	0.20	0.18	0.06	0.06	-0.39	-0.35	-0.27	-0.08	-0.35	-0.21
Diluted Shares Outstanding	22.96M	22.9M	21.88M	21.61M	21.52M	21.47M	21.52M	21.6M	21.01M	21.14M
Basic Shares Outstanding	22.9M	22.83M	21.81M	21.55M	21.38M	21.47M	21.52M	21.57M	21.01M	21.14M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	57.64M	56.27M	54.23M	57.19M	53.8M	43.66M	38.81M	37.28M	35.82M	32.98M
Cash & Short-Term Investments	52.1M	52.86M	51.61M	51.61M	47.74M	38.56M	29.96M	28.98M	30.91M	27.81M
Cash Only	51.23M	51.91M	51.61M	51.61M	47.74M	38.56M	29.96M	11.75M	10M	12.97M
Short-Term Investments	869K	951K	0	0	0	0	0	17.23M	20.91M	14.84M
Accounts Receivable	4.74M	3.02M	3.82M	5.29M	5.8M	4.51M	6.85M	7.61M	3.85M	4M
Days Sales Outstanding	88.23	51.05	85.59	119.68	173.53	145.69	148.35	173.47	77.13	84
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	284K	0	0	1.41M	693K	1.05M	1.17M
Total Non-Current Assets+	5.98M	5.71M	9.71M	9.26M	3.75M	7.97M	9.56M	13.91M	10.47M	9.66M
Property, Plant & Equipment	4.98M	4.63M	4.3M	4.08M	3.75M	3.7M	3.22M	5.26M	4.84M	4.44M
Fixed Asset Turnover	3.94x	4.65x	3.78x	3.95x	3.25x	3.06x	5.24x	3.04x	3.77x	3.92x
Goodwill	0	0	0	0	0	1.65M	3.12M	3.12M	3.12M	3.12M
Intangible Assets	0	0	0	0	0	1.22M	3.22M	2.81M	2.39M	1.98M
Long-Term Investments	869K	951K	0	0	0	0	0	2.6M	0	0
Other Non-Current Assets	316K	124K	0	0	0	1.4M	0	122K	122K	122K
Total Assets+	63.62M	61.98M	63.94M	66.44M	57.55M	51.63M	48.37M	51.19M	46.3M	42.64M
Asset Turnover	0.31x	0.35x	0.25x	0.24x	0.21x	0.22x	0.35x	0.31x	0.39x	0.41x
Asset Growth %	0.14%	-0.03%	0.03%	0.04%	-0.13%	-0.1%	-0.06%	0.06%	-0.1%	-0.08%
Total Current Liabilities+	7.44M	4.14M	4.28M	4.54M	4.12M	5.96M	5.74M	5.8M	7.55M	7.86M
Accounts Payable	234K	135K	166K	126K	187K	494K	283K	639K	280K	894K
Days Payables Outstanding	34.07	23.45	69.25	37.09	54.13	222.6	85.44	185.11	80.28	288.26
Short-Term Debt	0	0	0	0	0	0	0	470K	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Liabilities	236K	0	0	0	0	0	3.55M	1.28M	0	0
Current Ratio	7.75x	13.58x	12.66x	12.58x	13.06x	7.33x	6.76x	6.43x	4.75x	4.19x
Quick Ratio	7.75x	13.58x	12.66x	12.58x	13.06x	7.33x	6.76x	6.43x	4.75x	4.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	131K	211K	127K	75K	60K	90K	1.11M	5.18M	4.45M	3.88M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	4.05M	3.84M	3.59M
Deferred Tax Liabilities	815K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	1.11M	812K	0	0
Total Liabilities	7.44M	4.14M	4.28M	4.54M	4.12M	5.96M	6.85M	10.98M	12M	11.75M
Total Debt+	0	0	0	0	0	0	0	4.52M	4.47M	4.24M
Net Debt	-51.23M	-51.91M	-51.61M	-51.61M	-47.74M	-38.56M	-29.96M	-7.23M	-5.53M	-8.73M
Debt / Equity	-	-	-	-	-	-	-	0.11x	0.13x	0.14x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-11.25x	-7.95x	-22.16x	-62.64x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	56.18M	57.84M	59.65M	61.9M	53.44M	45.67M	41.52M	40.21M	34.3M	30.9M
Equity Growth %	0.07%	0.03%	0.03%	0.04%	-0.14%	-0.15%	-0.09%	-0.03%	-0.15%	-0.1%
Book Value per Share	2.45	2.53	2.73	2.86	2.48	2.13	1.93	1.86	1.63	1.46
Total Shareholders' Equity	56.18M	57.84M	59.65M	61.9M	53.44M	45.67M	41.52M	40.21M	34.3M	30.9M
Common Stock	229K	224K	215K	215K	214K	214K	216K	211K	210K	211K
Retained Earnings	-46.95M	-42.85M	-36.81M	-34.69M	-43.03M	-50.65M	-56.47M	-58.2M	-65.51M	-69.94M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-64K	-19K	0	-7.82M	0	0	0	-110K	195K	251K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.68M	3.81M	3.67M	660K	-2.94M	-5.27M	-6.23M	-5.04M	1.82M	-3.16M
Operating CF Margin %	0.34%	0.18%	0.23%	0.04%	-0.24%	-0.47%	-0.37%	-0.31%	0.1%	-0.18%
Operating CF Growth %	0.07%	-0.43%	-0.04%	-0.82%	-5.46%	-0.79%	-0.18%	0.19%	1.36%	-2.73%
Net Income	4.61M	4.1M	1.28M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Depreciation & Amortization	640K	622K	518K	443K	441K	561K	687K	888K	578K	562K
Stock-Based Compensation	689K	558K	663K	580K	692K	838K	0	0	1.52M	1.13M
Deferred Taxes	-1.9M	-24K	-9K	-100K	5.17M	0	-269K	0	0	0
Other Non-Cash Items	-66K	-13K	-40K	100K	0	118K	1.5M	-3.83M	2.01M	140K
Working Capital Changes	2.7M	-1.43M	1.25M	-1.6M	-909K	823K	-2.33M	-375K	5.02M	-564K
Change in Receivables	-1.12M	1.73M	615K	379K	-477K	84K	-2.25M	261K	3.77M	-289K
Change in Inventory	2K	2K	176K	-2M	-231K	-48K	0	0	0	0
Change in Payables	-24K	-99K	31K	-40K	61K	307K	-249K	356K	-359K	614K
Cash from Investing+	125K	-87K	937K	-206K	-111K	-2.91M	-2.48M	-11.99M	-3.14M	6.29M
Capital Expenditures	-127K	-87K	-82K	-206K	-111K	-484K	-27K	-730K	-16K	-45K
CapEx % of Revenue	0.01%	0%	0.01%	0.01%	0.01%	0.04%	0%	0.05%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-277K	-517K	1.02M	0	0	0	0	-2.5M	0	0
Cash from Financing+	438K	-3.05M	-4.91M	-450K	-814K	-989K	109K	-1.18M	-426K	-159K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	398K	565K	-186K	-107K	-92K	-93K	-54K	-26K	80K	48K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.56M	3.73M	3.59M	454K	-3.06M	-5.76M	-6.26M	-5.77M	1.81M	-3.21M
FCF Margin %	0.33%	0.17%	0.22%	0.03%	-0.25%	-0.51%	-0.37%	-0.36%	0.1%	-0.18%
FCF Growth %	0.07%	-0.43%	-0.04%	-0.87%	-7.73%	-0.88%	-0.09%	0.08%	1.31%	-2.77%
FCF per Share	0.29	0.16	0.16	0.02	-0.14	-0.27	-0.29	-0.27	0.09	-0.15
FCF Conversion (FCF/Net Income)	1.45x	0.93x	2.86x	0.54x	0.35x	0.69x	1.07x	2.92x	-0.25x	0.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	571K	1.55M	488K	96K	43K	0	0	0	136K	172K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.5%	7.2%	2.18%	2.03%	-14.46%	-15.37%	-13.36%	-4.22%	-19.63%	-13.59%
Return on Invested Capital (ROIC)	43.98%	81.47%	19.43%	3.12%	-39.22%	-110.45%	-49%	-7.47%	-20.75%	-16.33%
Gross Margin	87.22%	90.26%	94.63%	92.31%	89.67%	92.84%	92.83%	92.13%	93.02%	93.49%
Net Margin	23.52%	19.03%	7.87%	7.64%	-68.34%	-67.33%	-34.56%	-10.78%	-40.09%	-25.48%
Debt / Equity	-	-	-	-	-	-	-	0.11x	0.13x	0.14x
FCF Conversion	1.45x	0.93x	2.86x	0.54x	0.35x	0.69x	1.07x	2.92x	-0.25x	0.71x
Revenue Growth	-17.28%	9.91%	-24.5%	-0.93%	-24.34%	-7.33%	49.03%	-5.02%	13.97%	-4.69%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Maintenance	-	-	-	5.4M	5.26M	5.43M	6.68M	7.11M	7.67M	8.58M
Maintenance Growth	-	-	-	-	-2.50%	3.17%	23.02%	6.47%	7.92%	11.77%
License and Service	-	-	-	8.04M	-	-	-	7.39M	9.53M	7.78M
License and Service Growth	-	-	-	-	-	-	-	-	29.01%	-18.36%
Service, Other	-	-	-	-	-	-	-	1.51M	1.04M	1.03M
Service, Other Growth	-	-	-	-	-	-	-	-	-31.11%	-0.77%
License And Service	-	-	-	-	4.6M	5.04M	7.97M	-	-	-
License And Service Growth	-	-	-	-	-	9.55%	58.26%	-	-	-
Service Other	-	-	-	-	-	-	2.2M	-	-	-
Service Other Growth	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	2.7M	2.34M	842K	-	-	-	-
Service Growth	-	-	-	-	-13.09%	-64.06%	-	-	-	-
Biometrics	16.92M	16.55M	12.75M	-	-	-	-	-	-	-
Biometrics Growth	-	-2.19%	-22.92%	-	-	-	-	-	-	-
Imaging	2.3M	4.74M	3.37M	-	-	-	-	-	-	-
Imaging Growth	-	105.95%	-28.93%	-	-	-	-	-	-	-
Dsl Royalties	404K	281K	161K	-	-	-	-	-	-	-
Dsl Royalties Growth	-	-30.45%	-42.70%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	6.72M	9.62M	7.61M	11.95M	7.6M
UNITED STATES Growth	-	-	-	-	-	-	43.13%	-20.90%	57.01%	-36.44%
Rest Of World	5.72M	2.46M	2.77M	2.21M	2.9M	2.98M	3.57M	5.72M	4.77M	5.07M
Rest Of World Growth	-	-57.04%	12.82%	-20.12%	31.06%	2.62%	19.70%	60.54%	-16.73%	6.40%
BRAZIL	2.16M	1.3M	1.08M	2.47M	-	-	1.94M	953K	-	-
BRAZIL Growth	-	-39.81%	-17.13%	129.19%	-	-	-	-50.83%	-	-
U	-	-	-	-	6.09M	-	-	-	-	-
U Growth	-	-	-	-	-	-	-	-	-	-
G	-	-	-	-	2.33M	-	-	-	-	-
G Growth	-	-	-	-	-	-	-	-	-	-
United States	11.74M	17.81M	12.43M	7.44M	-	-	-	-	-	-
United States Growth	-	51.71%	-30.19%	-40.15%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Aware, Inc. (AWRE) reported $17.4M in revenue for fiscal year 2024. This represents a 29% decrease from $24.6M in 2011.

Aware, Inc. (AWRE) saw revenue decline by 4.7% over the past year.

Aware, Inc. (AWRE) reported a net loss of $5.6M for fiscal year 2024.

Dividend & Returns

Aware, Inc. (AWRE) has a return on equity (ROE) of -13.6%. Negative ROE indicates the company is unprofitable.

Aware, Inc. (AWRE) had negative free cash flow of $5.8M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Aware, Inc. (AWRE) 10-Year Financial Performance & Capital Metrics

AWRE • • Industrial / General

TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security

Revenue $17M -4.7%
EBITDA -$5M +37.4%
Net Income -$4M +39.4%
EPS (Diluted) -0.21 +40.0%
Gross Margin 93.49% +0.5%
EBITDA Margin -28.66% +34.3%
Operating Margin -31.89% +31.9%
Net Margin -25.48% +36.4%
ROE -13.59% +30.8%
ROIC -16.33% +21.3%
Debt/Equity 0.14 +5.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.3x book value

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-3.06%

5Y7.34%

3Y1.05%

TTM2.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM24.98%

EPS CAGR

10Y-

5Y-

3Y-

TTM25.25%

ROCE

10Y Avg-5.92%

5Y Avg-14.65%

3Y Avg-13.47%

Latest-15.08%

Peer Comparison

Biometric Security

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MITKMitek Systems, Inc.	461.54M	10.09	146.02	-0.27%	8.71%	6.53%	6.55%	0.70
RDVTRed Violet, Inc.	722.44M	51.28	102.56	24.89%	12.96%	11.01%	3.29%	0.02
YOUClear Secure, Inc.	3.33B	34.13	21.88	25.57%	20.97%	109.45%	8.53%	0.51
IDAIT Stamp Inc.	21.71M	4.14	-0.36	-32.41%	-316.35%	-189.51%		1.30
AWREAware, Inc.	40.82M	1.91	-9.10	-4.69%	-32.18%	-20.59%		0.14
SSTISoundThinking, Inc.	102.1M	8.04	-11.17	10.05%	-10.44%	-14.59%	15.46%	0.08
RSKDRiskified Ltd.	775.98M	4.73	-23.65	10.05%	-11.04%	-11.83%	5.03%	0.07
IDNIntellicheck, Inc.	122.24M	6.05	-127.37	5.77%	0.95%	1.11%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	19.62M	21.57M	16.28M	16.13M	12.2M	11.31M	16.85M	16.01M	18.24M	17.39M
Revenue Growth %	-0.17%	0.1%	-0.25%	-0.01%	-0.24%	-0.07%	0.49%	-0.05%	0.14%	-0.05%
Cost of Goods Sold+	2.51M	2.1M	875K	1.24M	1.26M	810K	1.21M	1.26M	1.27M	1.13M
COGS % of Revenue	0.13%	0.1%	0.05%	0.08%	0.1%	0.07%	0.07%	0.08%	0.07%	0.07%
Gross Profit+	17.11M	19.46M	15.41M	14.89M	10.94M	10.5M	15.64M	14.75M	16.97M	16.26M
Gross Margin %	0.87%	0.9%	0.95%	0.92%	0.9%	0.93%	0.93%	0.92%	0.93%	0.93%
Gross Profit Growth %	-0.04%	0.14%	-0.21%	-0.03%	-0.27%	-0.04%	0.49%	-0.06%	0.15%	-0.04%
Operating Expenses+	13.24M	14.37M	15.18M	14.58M	15.12M	19.92M	21.74M	16.96M	25.51M	21.8M
OpEx % of Revenue	0.67%	0.67%	0.93%	0.9%	1.24%	1.76%	1.29%	1.06%	1.4%	1.25%
Selling, General & Admin	7.44M	7.43M	7.41M	7.47M	7.19M	10.83M	12.48M	13.51M	14.5M	14.04M
SG&A % of Revenue	0.38%	0.34%	0.46%	0.46%	0.59%	0.96%	0.74%	0.84%	0.8%	0.81%
Research & Development	5.8M	6.94M	7.77M	7.11M	7.93M	9.09M	9.26M	9.23M	9.12M	7.76M
R&D % of Revenue	0.3%	0.32%	0.48%	0.44%	0.65%	0.8%	0.55%	0.58%	0.5%	0.45%
Other Operating Expenses	55K	0	0	69K	0	0	0	-5.78M	1.88M	0
Operating Income+	3.92M	5.91M	1.81M	381K	-4.18M	-9.42M	-6.1M	-2.22M	-8.54M	-5.54M
Operating Margin %	0.2%	0.27%	0.11%	0.02%	-0.34%	-0.83%	-0.36%	-0.14%	-0.47%	-0.32%
Operating Income Growth %	-0.45%	0.51%	-0.69%	-0.79%	-11.97%	-1.26%	0.35%	0.64%	-2.85%	0.35%
EBITDA+	4.55M	6.53M	2.33M	824K	-3.74M	-8.86M	-5.41M	-1.46M	-7.96M	-4.98M
EBITDA Margin %	0.23%	0.3%	0.14%	0.05%	-0.31%	-0.78%	-0.32%	-0.09%	-0.44%	-0.29%
EBITDA Growth %	-0.4%	0.43%	-0.64%	-0.65%	-5.54%	-1.37%	0.39%	0.73%	-4.46%	0.37%
D&A (Non-Cash Add-back)	640K	622K	519K	443K	441K	561K	687K	760K	578K	562K
EBIT	3.87M	5.1M	1.11M	312K	-4.18M	-9.42M	-6.1M	-8M	-6.66M	-5.54M
Net Interest Income+	151K	280K	401K	844K	1M	176K	4K	540K	1.28M	1.17M
Interest Income	151K	280K	401K	844K	1M	176K	4K	540K	1.28M	1.17M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	163K	280K	437K	844K	1.05M	176K	4K	540K	1.28M	1.17M
Pretax Income+	4.08M	6.19M	2.25M	1.23M	-3.13M	-9.25M	-6.09M	-1.68M	-7.25M	-4.38M
Pretax Margin %	0.21%	0.29%	0.14%	0.08%	-0.26%	-0.82%	-0.36%	-0.1%	-0.4%	-0.25%
Income Tax+	-536K	2.08M	965K	-8K	5.21M	-1.63M	-269K	49K	59K	53K
Effective Tax Rate %	1.13%	0.66%	0.57%	1.01%	2.67%	0.82%	0.96%	1.03%	1.01%	1.01%
Net Income+	4.61M	4.1M	1.28M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Net Margin %	0.24%	0.19%	0.08%	0.08%	-0.68%	-0.67%	-0.35%	-0.11%	-0.4%	-0.25%
Net Income Growth %	0.01%	-0.11%	-0.69%	-0.04%	-7.76%	0.09%	0.24%	0.7%	-3.24%	0.39%
Net Income (Continuing)	4.61M	4.1M	1M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.20	0.18	0.06	0.06	-0.39	-0.35	-0.27	-0.08	-0.35	-0.21
EPS Growth %	0%	-0.1%	-0.67%	-0.05%	-7.83%	0.1%	0.23%	0.7%	-3.38%	0.4%
EPS (Basic)	0.20	0.18	0.06	0.06	-0.39	-0.35	-0.27	-0.08	-0.35	-0.21
Diluted Shares Outstanding	22.96M	22.9M	21.88M	21.61M	21.52M	21.47M	21.52M	21.6M	21.01M	21.14M
Basic Shares Outstanding	22.9M	22.83M	21.81M	21.55M	21.38M	21.47M	21.52M	21.57M	21.01M	21.14M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	57.64M	56.27M	54.23M	57.19M	53.8M	43.66M	38.81M	37.28M	35.82M	32.98M
Cash & Short-Term Investments	52.1M	52.86M	51.61M	51.61M	47.74M	38.56M	29.96M	28.98M	30.91M	27.81M
Cash Only	51.23M	51.91M	51.61M	51.61M	47.74M	38.56M	29.96M	11.75M	10M	12.97M
Short-Term Investments	869K	951K	0	0	0	0	0	17.23M	20.91M	14.84M
Accounts Receivable	4.74M	3.02M	3.82M	5.29M	5.8M	4.51M	6.85M	7.61M	3.85M	4M
Days Sales Outstanding	88.23	51.05	85.59	119.68	173.53	145.69	148.35	173.47	77.13	84
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	284K	0	0	1.41M	693K	1.05M	1.17M
Total Non-Current Assets+	5.98M	5.71M	9.71M	9.26M	3.75M	7.97M	9.56M	13.91M	10.47M	9.66M
Property, Plant & Equipment	4.98M	4.63M	4.3M	4.08M	3.75M	3.7M	3.22M	5.26M	4.84M	4.44M
Fixed Asset Turnover	3.94x	4.65x	3.78x	3.95x	3.25x	3.06x	5.24x	3.04x	3.77x	3.92x
Goodwill	0	0	0	0	0	1.65M	3.12M	3.12M	3.12M	3.12M
Intangible Assets	0	0	0	0	0	1.22M	3.22M	2.81M	2.39M	1.98M
Long-Term Investments	869K	951K	0	0	0	0	0	2.6M	0	0
Other Non-Current Assets	316K	124K	0	0	0	1.4M	0	122K	122K	122K
Total Assets+	63.62M	61.98M	63.94M	66.44M	57.55M	51.63M	48.37M	51.19M	46.3M	42.64M
Asset Turnover	0.31x	0.35x	0.25x	0.24x	0.21x	0.22x	0.35x	0.31x	0.39x	0.41x
Asset Growth %	0.14%	-0.03%	0.03%	0.04%	-0.13%	-0.1%	-0.06%	0.06%	-0.1%	-0.08%
Total Current Liabilities+	7.44M	4.14M	4.28M	4.54M	4.12M	5.96M	5.74M	5.8M	7.55M	7.86M
Accounts Payable	234K	135K	166K	126K	187K	494K	283K	639K	280K	894K
Days Payables Outstanding	34.07	23.45	69.25	37.09	54.13	222.6	85.44	185.11	80.28	288.26
Short-Term Debt	0	0	0	0	0	0	0	470K	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Liabilities	236K	0	0	0	0	0	3.55M	1.28M	0	0
Current Ratio	7.75x	13.58x	12.66x	12.58x	13.06x	7.33x	6.76x	6.43x	4.75x	4.19x
Quick Ratio	7.75x	13.58x	12.66x	12.58x	13.06x	7.33x	6.76x	6.43x	4.75x	4.19x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	131K	211K	127K	75K	60K	90K	1.11M	5.18M	4.45M	3.88M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	4.05M	3.84M	3.59M
Deferred Tax Liabilities	815K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	1.11M	812K	0	0
Total Liabilities	7.44M	4.14M	4.28M	4.54M	4.12M	5.96M	6.85M	10.98M	12M	11.75M
Total Debt+	0	0	0	0	0	0	0	4.52M	4.47M	4.24M
Net Debt	-51.23M	-51.91M	-51.61M	-51.61M	-47.74M	-38.56M	-29.96M	-7.23M	-5.53M	-8.73M
Debt / Equity	-	-	-	-	-	-	-	0.11x	0.13x	0.14x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-11.25x	-7.95x	-22.16x	-62.64x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	56.18M	57.84M	59.65M	61.9M	53.44M	45.67M	41.52M	40.21M	34.3M	30.9M
Equity Growth %	0.07%	0.03%	0.03%	0.04%	-0.14%	-0.15%	-0.09%	-0.03%	-0.15%	-0.1%
Book Value per Share	2.45	2.53	2.73	2.86	2.48	2.13	1.93	1.86	1.63	1.46
Total Shareholders' Equity	56.18M	57.84M	59.65M	61.9M	53.44M	45.67M	41.52M	40.21M	34.3M	30.9M
Common Stock	229K	224K	215K	215K	214K	214K	216K	211K	210K	211K
Retained Earnings	-46.95M	-42.85M	-36.81M	-34.69M	-43.03M	-50.65M	-56.47M	-58.2M	-65.51M	-69.94M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-64K	-19K	0	-7.82M	0	0	0	-110K	195K	251K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.68M	3.81M	3.67M	660K	-2.94M	-5.27M	-6.23M	-5.04M	1.82M	-3.16M
Operating CF Margin %	0.34%	0.18%	0.23%	0.04%	-0.24%	-0.47%	-0.37%	-0.31%	0.1%	-0.18%
Operating CF Growth %	0.07%	-0.43%	-0.04%	-0.82%	-5.46%	-0.79%	-0.18%	0.19%	1.36%	-2.73%
Net Income	4.61M	4.1M	1.28M	1.23M	-8.34M	-7.61M	-5.82M	-1.73M	-7.31M	-4.43M
Depreciation & Amortization	640K	622K	518K	443K	441K	561K	687K	888K	578K	562K
Stock-Based Compensation	689K	558K	663K	580K	692K	838K	0	0	1.52M	1.13M
Deferred Taxes	-1.9M	-24K	-9K	-100K	5.17M	0	-269K	0	0	0
Other Non-Cash Items	-66K	-13K	-40K	100K	0	118K	1.5M	-3.83M	2.01M	140K
Working Capital Changes	2.7M	-1.43M	1.25M	-1.6M	-909K	823K	-2.33M	-375K	5.02M	-564K
Change in Receivables	-1.12M	1.73M	615K	379K	-477K	84K	-2.25M	261K	3.77M	-289K
Change in Inventory	2K	2K	176K	-2M	-231K	-48K	0	0	0	0
Change in Payables	-24K	-99K	31K	-40K	61K	307K	-249K	356K	-359K	614K
Cash from Investing+	125K	-87K	937K	-206K	-111K	-2.91M	-2.48M	-11.99M	-3.14M	6.29M
Capital Expenditures	-127K	-87K	-82K	-206K	-111K	-484K	-27K	-730K	-16K	-45K
CapEx % of Revenue	0.01%	0%	0.01%	0.01%	0.01%	0.04%	0%	0.05%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-277K	-517K	1.02M	0	0	0	0	-2.5M	0	0
Cash from Financing+	438K	-3.05M	-4.91M	-450K	-814K	-989K	109K	-1.18M	-426K	-159K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	398K	565K	-186K	-107K	-92K	-93K	-54K	-26K	80K	48K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.56M	3.73M	3.59M	454K	-3.06M	-5.76M	-6.26M	-5.77M	1.81M	-3.21M
FCF Margin %	0.33%	0.17%	0.22%	0.03%	-0.25%	-0.51%	-0.37%	-0.36%	0.1%	-0.18%
FCF Growth %	0.07%	-0.43%	-0.04%	-0.87%	-7.73%	-0.88%	-0.09%	0.08%	1.31%	-2.77%
FCF per Share	0.29	0.16	0.16	0.02	-0.14	-0.27	-0.29	-0.27	0.09	-0.15
FCF Conversion (FCF/Net Income)	1.45x	0.93x	2.86x	0.54x	0.35x	0.69x	1.07x	2.92x	-0.25x	0.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	571K	1.55M	488K	96K	43K	0	0	0	136K	172K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.5%	7.2%	2.18%	2.03%	-14.46%	-15.37%	-13.36%	-4.22%	-19.63%	-13.59%
Return on Invested Capital (ROIC)	43.98%	81.47%	19.43%	3.12%	-39.22%	-110.45%	-49%	-7.47%	-20.75%	-16.33%
Gross Margin	87.22%	90.26%	94.63%	92.31%	89.67%	92.84%	92.83%	92.13%	93.02%	93.49%
Net Margin	23.52%	19.03%	7.87%	7.64%	-68.34%	-67.33%	-34.56%	-10.78%	-40.09%	-25.48%
Debt / Equity	-	-	-	-	-	-	-	0.11x	0.13x	0.14x
FCF Conversion	1.45x	0.93x	2.86x	0.54x	0.35x	0.69x	1.07x	2.92x	-0.25x	0.71x
Revenue Growth	-17.28%	9.91%	-24.5%	-0.93%	-24.34%	-7.33%	49.03%	-5.02%	13.97%	-4.69%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Maintenance	-	-	-	5.4M	5.26M	5.43M	6.68M	7.11M	7.67M	8.58M
Maintenance Growth	-	-	-	-	-2.50%	3.17%	23.02%	6.47%	7.92%	11.77%
License and Service	-	-	-	8.04M	-	-	-	7.39M	9.53M	7.78M
License and Service Growth	-	-	-	-	-	-	-	-	29.01%	-18.36%
Service, Other	-	-	-	-	-	-	-	1.51M	1.04M	1.03M
Service, Other Growth	-	-	-	-	-	-	-	-	-31.11%	-0.77%
License And Service	-	-	-	-	4.6M	5.04M	7.97M	-	-	-
License And Service Growth	-	-	-	-	-	9.55%	58.26%	-	-	-
Service Other	-	-	-	-	-	-	2.2M	-	-	-
Service Other Growth	-	-	-	-	-	-	-	-	-	-
Service	-	-	-	2.7M	2.34M	842K	-	-	-	-
Service Growth	-	-	-	-	-13.09%	-64.06%	-	-	-	-
Biometrics	16.92M	16.55M	12.75M	-	-	-	-	-	-	-
Biometrics Growth	-	-2.19%	-22.92%	-	-	-	-	-	-	-
Imaging	2.3M	4.74M	3.37M	-	-	-	-	-	-	-
Imaging Growth	-	105.95%	-28.93%	-	-	-	-	-	-	-
Dsl Royalties	404K	281K	161K	-	-	-	-	-	-	-
Dsl Royalties Growth	-	-30.45%	-42.70%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	-	-	-	6.72M	9.62M	7.61M	11.95M	7.6M
UNITED STATES Growth	-	-	-	-	-	-	43.13%	-20.90%	57.01%	-36.44%
Rest Of World	5.72M	2.46M	2.77M	2.21M	2.9M	2.98M	3.57M	5.72M	4.77M	5.07M
Rest Of World Growth	-	-57.04%	12.82%	-20.12%	31.06%	2.62%	19.70%	60.54%	-16.73%	6.40%
BRAZIL	2.16M	1.3M	1.08M	2.47M	-	-	1.94M	953K	-	-
BRAZIL Growth	-	-39.81%	-17.13%	129.19%	-	-	-	-50.83%	-	-
U	-	-	-	-	6.09M	-	-	-	-	-
U Growth	-	-	-	-	-	-	-	-	-	-
G	-	-	-	-	2.33M	-	-	-	-	-
G Growth	-	-	-	-	-	-	-	-	-	-
United States	11.74M	17.81M	12.43M	7.44M	-	-	-	-	-	-
United States Growth	-	51.71%	-30.19%	-40.15%	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Aware, Inc. (AWRE) reported $17.4M in revenue for fiscal year 2024. This represents a 29% decrease from $24.6M in 2011.

Aware, Inc. (AWRE) saw revenue decline by 4.7% over the past year.

Aware, Inc. (AWRE) reported a net loss of $5.6M for fiscal year 2024.

Dividend & Returns

Aware, Inc. (AWRE) has a return on equity (ROE) of -13.6%. Negative ROE indicates the company is unprofitable.

Aware, Inc. (AWRE) had negative free cash flow of $5.8M in fiscal year 2024, likely due to heavy capital investments.