Aware is a leading global provider of biometrics software products, services, and solutions. Our products include all the software components necessary to rapidly and cost-effectively build a solution to collect, manage, and utilize identity data for biometric identification and verification: SDKs, controls and applets; user interface applications for biometric enrollment and forensic analysis; fingerprint, face, and iris matching SDKs; text search and identity analytics SDKs; a middleware and workflow platform; and a cluster computing platform. These products fulfill critical biometric functionality for a variety of applications including border management, law enforcement, defense, intelligence, banking, and payments. Aware is a publicly held company (NASDAQ: AWRE) based in Bedford, Massachusetts. Aware has provided COTS biometrics software products since 1993, when it helped the FBI to design and optimize the “WSQ” fingerprint image compression algorithm for the first large-scale fingerprint digitization effort. Over the following twenty-plus years, Aware has consistently employed a “true COTS” product model, introducing a diverse array of OEM software products used to quickly and easily integrate advanced biometric functionality into solutions for a variety of applications. Aware software has been used by hundreds of customers and is currently in daily operation on many thousands of workstations, servers, and mobile devices globally. Aware provides a comprehensive offering of biometric software products, services, and solutions as an independent supplier; that is, independent from hardware vendors, AFIS suppliers, multinationals, and system integrators. This independence ensures that using Aware products not only incorporates high-quality, reliable, best-of-breed functionality into a solution, but also enables a modular, flexible, extensible architecture that delivers substantial long-term benefits to the system owner.

Company Growth (employees)
Type
Public
HQ
Bedford, US
Founded
1986
Size (employees)
68 (est)
Website
aware.com
Aware was founded in 1986 and is headquartered in Bedford, US

Aware Office Locations

Aware has an office in Bedford
Bedford, US (HQ)
40 Middlesex Turnpike

Aware Data and Metrics

Aware Financial Metrics

Aware's revenue was reported to be $4.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

4.3 m

Gross profit (Q1, 2017)

4.1 m

Gross profit margin (Q1, 2017), %

95%

Net income (Q1, 2017)

405 k

EBIT (Q1, 2017)

386 k

Market capitalization (15-Aug-2017)

101.9 m

Cash (31-Mar-2017)

49 m
Aware's current market capitalization is $101.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

19.4 m23.7 m19.6 m21.6 m

Revenue growth, %

23%(17%)10%

Cost of goods sold

1.5 m2.4 m1.8 m766 k

Gross profit

17.9 m21.4 m17.8 m20.8 m

Gross profit Margin, %

92%90%91%96%

R&D expense

6.9 m

General and administrative expense

3.3 m

Operating expense total

14.8 m18.8 m15.7 m16.5 m

EBIT

5.3 m7.1 m3.9 m5.9 m

EBIT margin, %

27%30%20%27%

Interest income

328 k225 k151 k280 k

Pre tax profit

679 k1.9 m4.1 m6.2 m

Income tax expense

1.9 m2.7 m(536 k)2.1 m

Net Income

2.6 m4.6 m4.6 m4.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

4.5 m4 m4.8 m6.9 m5.9 m4.3 m

Cost of goods sold

569 k416 k213 k158 k146 k216 k

Gross profit

3.9 m3.6 m4.6 m6.7 m5.8 m4.1 m

Gross profit Margin, %

87%90%96%98%98%95%

R&D expense

1.4 m1.5 m1.6 m1.8 m1.8 m1.9 m

General and administrative expense

961 k858 k724 k872 k857 k790 k

Operating expense total

2.4 m2.3 m2.4 m2.7 m2.6 m2.6 m

EBIT

477 k429 k880 k2.1 m2.3 m386 k

EBIT margin, %

11%11%18%30%39%9%

Interest income

33 k35 k67 k72 k76 k83 k

Pre tax profit

510 k464 k947 k2.1 m2.4 m469 k

Income tax expense

191 k(1.7 m)312 k710 k816 k64 k

Net Income

1.7 m4.3 m272 k591 k2.8 m635 k2.1 m3.6 m405 k
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

72.7 m44 m51.2 m51.9 m

Accounts Receivable

4.6 m3.6 m4.7 m3 m

Inventories

1.6 m2 k483 k268 k

Current Assets

79.9 m48.2 m56.6 m55.2 m

PP&E

5.6 m5.3 m5 m4.6 m

Total Assets

89.3 m55.9 m63.6 m62 m

Accounts Payable

1.5 m258 k234 k135 k

Current Liabilities

4.2 m3.4 m7.3 m3.9 m

Additional Paid-in Capital

101.3 m103.8 m103 m100.5 m

Retained Earnings

(16.2 m)(51.6 m)(47 m)(42.8 m)

Total Equity

85.2 m52.4 m56.2 m57.8 m

Financial Leverage

1 x1.1 x1.1 x1.1 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

44.5 m46.4 m52.7 m52.3 m52.3 m49 m

Accounts Receivable

4.8 m2.4 m3.8 m5.6 m4.3 m3.4 m

Inventories

2 k616 k

Current Assets

50.6 m50.5 m57.2 m58.3 m56.9 m52.7 m

PP&E

5.1 m5.1 m4.9 m4.8 m4.7 m4.5 m

Total Assets

57.8 m57.5 m64 m65.2 m63.7 m64.1 m

Accounts Payable

147 k297 k616 k1.1 m197 k405 k

Current Liabilities

3.9 m3.4 m6.5 m6.5 m4.8 m3.8 m

Additional Paid-in Capital

104.5 m102.6 m103.3 m103.2 m101.8 m97.6 m

Retained Earnings

(51 m)(48.8 m)(46.3 m)(44.9 m)(43.3 m)(37.7 m)

Total Equity

53.7 m54 m57.2 m58.5 m58.6 m60.2 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.6 m4.6 m4.6 m4.1 m

Depreciation and Amortization

458 k541 k640 k622 k

Accounts Receivable

(1.1 m)963 k(1.1 m)1.7 m

Inventories

(1.6 m)1.6 m2 k2 k

Accounts Payable

1.2 m(1.3 m)(24 k)(99 k)

Cash From Operating Activities

2.8 m6.3 m6.7 m3.8 m

Purchases of PP&E

(160 k)(135 k)(127 k)(87 k)

Cash From Investing Activities

(1.4 m)3.4 m125 k(87 k)

Cash From Financing Activities

122 k(38.4 m)438 k(3 m)

Income Taxes Paid

542 k1 m571 k1.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.7 m4.3 m272 k591 k2.8 m635 k2.1 m3.6 m405 k

Depreciation and Amortization

269 k405 k145 k309 k474 k162 k324 k488 k132 k

Accounts Receivable

(1.3 m)632 k368 k(1.2 m)1.2 m904 k(815 k)493 k(375 k)

Inventories

1.5 m1.6 m1.6 m1.5 m(614 k)(614 k)

Accounts Payable

(923 k)(1.3 m)(67 k)(111 k)39 k382 k821 k(37 k)270 k

Cash From Operating Activities

2.7 m5.6 m10 k(102 k)2.1 m1.1 m1 m2.7 m18 k

Purchases of PP&E

(101 k)(112 k)(14 k)(68 k)(117 k)(5 k)(54 k)(82 k)(5 k)

Cash From Investing Activities

1.3 m3.4 m195 k141 k92 k(5 k)(54 k)(82 k)(5 k)

Cash From Financing Activities

568 k(38.2 m)495 k489 k279 k369 k68 k(1.6 m)(2.9 m)

Income Taxes Paid

2 k617 k5 k346 k356 k275 k833 k1 m12 k
USDY, 2017

Revenue/Employee

63.9 k

Financial Leverage

1.1 x

Aware Operating Metrics

Aware's Backlog was reported to be $3.3 m in FY, 2016, which is a 50% decrease from the previous period
FY, 2014FY, 2015FY, 2016

Backlog

$5 m$6.6 m$3.3 m

Patents (US)

4038

Patents Pending

493140

Patents Issued

47

Aware Market Value History

Aware Revenue Breakdown

Traffic Overview of Aware

Aware Online and Social Media Presence

Aware News and Updates

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