Aware Financials

$5.9 M

Revenue Q3, 2017

$98.6 M

Mkt cap, 16-Feb-2018
Gross profit (Q3, 2017)5.7 M
Gross profit margin (Q3, 2017), %97%
Net income (Q3, 2017)1.2 M
EBIT (Q3, 2017)1.7 M
Cash, 30-Sep-201749.1 M

Financials

Market Value

Revenue/Financials

Income Statement

Annual

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

10.2 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

Quarterly

USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

4.5 m4.5 m4 m4.8 m6.9 m5.9 m4.3 m2.7 m5.9 m

Cost of goods sold

494 k569 k416 k213 k158 k146 k216 k104 k178 k

Gross profit

4 m3.9 m3.6 m4.6 m6.7 m5.8 m4.1 m2.6 m5.7 m

Gross profit Margin, %

89%87%90%96%98%98%95%96%97%

R&D expense

1.5 m1.4 m1.5 m1.6 m1.8 m1.8 m1.9 m1.9 m2.2 m

General and administrative expense

922 k961 k858 k724 k872 k857 k790 k816 k849 k

Operating expense total

2.4 m4 m3.6 m4 m4.8 m3.8 m4.1 m3.8 m4.3 m

EBIT

477 k429 k880 k2.1 m2.3 m386 k238 k1.7 m

EBIT margin, %

11%11%18%30%39%9%9%28%

Interest income

80 k33 k35 k67 k72 k76 k83 k88 k109 k

Pre tax profit

(2.1 m)510 k464 k947 k2.1 m2.4 m469 k362 k1.8 m

Income tax expense

(901 k)191 k(1.7 m)312 k710 k816 k64 k134 k545 k

Net Income

(1.2 m)1.7 m4.3 m272 k319 k2.2 m635 k1.4 m1.6 m405 k228 k1.2 m

Balance Sheet

Annual

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

    Quarterly

    USDQ3, 2013Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Cash

    75.4 m44.5 m46.4 m52.7 m52.3 m52.3 m49 m49.4 m49.1 m

    Accounts Receivable

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

    Inventories

    2 k616 k315 k

    Current Assets

    80.2 m50.6 m50.5 m57.2 m58.3 m56.9 m52.7 m53 m55.1 m

    PP&E

    5.6 m5.1 m5.1 m4.9 m4.8 m4.7 m4.5 m4.5 m4.4 m

    Total Assets

    89.6 m57.8 m57.5 m64 m65.2 m63.7 m64.1 m63.4 m65.1 m

    Accounts Payable

    243 k147 k297 k616 k1.1 m197 k405 k200 k532 k

    Current Liabilities

    6.4 m3.9 m3.4 m6.5 m6.5 m4.8 m3.8 m3.5 m4.4 m

    Additional Paid-in Capital

    100.9 m104.5 m102.6 m103.3 m103.2 m101.8 m97.6 m97 m96.6 m

    Retained Earnings

    (17.8 m)(51 m)(48.8 m)(46.3 m)(44.9 m)(43.3 m)(37.7 m)(37.5 m)(36.2 m)

    Total Equity

    83.3 m53.7 m54 m57.2 m58.5 m58.6 m60.2 m59.8 m60.6 m

    Financial Leverage

    1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x

      Cash Flow

      Annual

      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

        Quarterly

        USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

        Net Income

        1 m880 k1.7 m4.3 m272 k591 k2.8 m635 k2.1 m3.6 m405 k634 k1.2 m

        Depreciation and Amortization

        325 k132 k269 k405 k145 k309 k474 k162 k324 k488 k132 k260 k390 k

        Accounts Receivable

        703 k(11 k)(1.3 m)632 k368 k(1.2 m)1.2 m904 k(815 k)493 k(375 k)(305 k)5.6 m

        Inventories

        538 k1.6 m1.5 m1.6 m1.6 m1.5 m(614 k)(614 k)315 k

        Accounts Payable

        (85 k)(1.3 m)(923 k)(1.3 m)(67 k)(111 k)39 k382 k821 k(37 k)270 k65 k532 k

        Cash From Operating Activities

        5.7 m1.2 m2.7 m5.6 m10 k(102 k)2.1 m1.1 m1 m2.7 m18 k268 k611 k

        Purchases of PP&E

        (117 k)(11 k)(101 k)(112 k)(14 k)(68 k)(117 k)(5 k)(54 k)(82 k)(5 k)(53 k)(61 k)

        Cash From Investing Activities

        (1.2 m)(11 k)1.3 m3.4 m195 k141 k92 k(5 k)(54 k)(82 k)(5 k)958 k

        Cash From Financing Activities

        (88 k)511 k568 k(38.2 m)495 k489 k279 k369 k68 k(1.6 m)(2.9 m)(3.7 m)(4.4 m)

        Income Taxes Paid

        535 k2 k2 k617 k5 k346 k356 k275 k833 k1 m12 k275 k473 k

          Ratios

          Y, 2017

          Financial Leverage

          1.1 x

          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 Pending

          493140

          Patents (US)

          4038

          Patents Issued

          47