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ImageWare Systems

OverviewSuggest Edit

ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies.

Scalable for worldwide deployment, ImageWare’s biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes.

ImageWare’s identification products are used to manage and issue secure credentials, including national IDs, passports, driver’s licenses, smart cards, and access control credentials. The Company's digital booking products provide law enforcement with integrated mug shot, fingerprint livescan, and investigative capabilities.

TypePublic
Founded1987
HQSan Diego, CA, USMap
Websiteiwsinc.com
Employee Ratings3.2More
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Latest Updates

Employees (est.) (Dec 2018)73(+15%)
Revenue (FY, 2019)$3.5 M(-20%)
Share Price (May 2021)$0.1
Cybersecurity ratingBMore

Key People/Management at ImageWare Systems

Kristin Taylor

Kristin Taylor

President and CEO, Director
Jay Lewis

Jay Lewis

CFO
Mark Blackman

Mark Blackman

VP of Product Management
Chris Dickson

Chris Dickson

VP of Sales
Sudheer Koganti

Sudheer Koganti

VP of Engineering
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ImageWare Systems Office Locations

ImageWare Systems has offices in San Diego, Ottawa and Ciudad General Escobedo
San Diego, CA, US (HQ)
13500 Evening Creek Dr N #550
Ottawa, CA
1 Antares Dr #200Ottawa, Nepean
Ciudad General Escobedo, MX
Prado Sur 274-4009, Lomas - Virreyes, Lomas de Chapultepec V Secc.
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ImageWare Systems Financials and Metrics

ImageWare Systems Revenue

ImageWare Systems's revenue was reported to be $3.51 m in FY, 2019
USD

Revenue (Q2, 2020)

733.0k

Gross profit (Q2, 2020)

579.0k

Gross profit margin (Q2, 2020), %

79%

Net income (Q2, 2020)

(2.9m)

EBIT (Q2, 2020)

(2.5m)

Market capitalization (12-May-2021)

17.8m

Closing stock price (12-May-2021)

0.1

Cash (30-Jun-2020)

431.0k

EV

20.2m
ImageWare Systems's current market capitalization is $17.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

5.5m4.0m5.3m4.2m4.8m3.8m4.3m4.4m3.5m

Cost of goods sold

459.0k227.0k319.0k257.0k1.1m243.0k152.0k

Gross profit

5.0m3.7m5.0m3.9m3.7m3.6m4.1m

Gross profit Margin, %

92%94%94%94%77%94%96%
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.5m1.1m1.1m938.0k856.0k1.0m2.5m1.1m937.0k919.0k378.0k1.7m552.0k1.0m996.0k848.0k928.0k1.1m1.1m716.0k1.9m736.0k931.0k812.0k785.0k796.0k733.0k

Cost of goods sold

175.0k65.0k83.0k49.0k44.0k114.0k90.0k70.0k48.0k77.0k74.0k589.0k124.0k74.0k56.0k32.0k54.0k36.0k17.0k26.0k154.0k

Gross profit

1.3m995.0k1.0m889.0k812.0k910.0k2.4m993.0k889.0k842.0k304.0k1.1m428.0k969.0k940.0k816.0k874.0k1.0m1.1m690.0k579.0k

Gross profit Margin, %

88%94%93%95%95%89%96%93%95%92%80%65%78%93%94%96%94%97%98%96%79%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

6.8m4.2m2.4m218.0k3.4m1.6m7.3m5.7m1.0m

Accounts Receivable

348.0k328.0k302.0k266.0k349.0k458.0k968.0k657.0k

Prepaid Expenses

66.0k86.0k148.0k86.0k69.0k163.0k233.0k

Inventories

45.0k262.0k505.0k916.0k46.0k23.0k79.0k29.0k615.0k
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

488.0k267.0k5.2m5.3m2.2m1.0m3.5m2.2m1.4m488.0k8.4m6.4m4.9m1.1m327.0k1.7m475.0k104.0k9.9m4.6m2.2m9.1m2.9m6.7m4.4m53.0k431.0k

Accounts Receivable

311.0k305.0k376.0k1.0m532.0k506.0k314.0k491.0k400.0k261.0k435.0k313.0k1.0m376.0k274.0k199.0k304.0k332.0k217.0k284.0k672.0k600.0k1.1m376.0k566.0k489.0k578.0k

Prepaid Expenses

73.0k74.0k125.0k151.0k92.0k68.0k52.0k538.0k522.0k318.0k124.0k79.0k139.0k115.0k185.0k237.0k142.0k148.0k196.0k217.0k203.0k246.0k209.0k271.0k337.0k

Inventories

22.0k30.0k83.0k180.0k371.0k427.0k488.0k568.0k603.0k780.0k1.0m473.0k378.0k44.0k74.0k81.0k43.0k53.0k100.0k89.0k19.0k15.0k105.0k319.0k509.0k679.0k697.0k
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(3.2m)(10.2m)(9.8m)(7.9m)(8.5m)(9.5m)(10.1m)(12.5m)(11.6m)

Depreciation and Amortization

28.0k47.0k125.0k179.0k164.0k129.0k68.0k51.0k71.0k

Inventories

(33.0k)(217.0k)(243.0k)(411.0k)589.0k23.0k(56.0k)50.0k(586.0k)

Accounts Payable

(58.0k)(8.0k)(130.0k)188.0k(261.0k)227.0k32.0k(221.0k)(162.0k)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(4.3m)1.1m(8.6m)(10.3m)(2.8m)(8.4m)(8.1m)(1.7m)(3.8m)(6.0m)(2.3m)(4.1m)(6.0m)(2.3m)(4.4m)(6.8m)(2.7m)(5.3m)(7.7m)(3.6m)(5.9m)(9.4m)(3.6m)(6.2m)(8.8m)(3.1m)(6.0m)

Depreciation and Amortization

14.0k21.0k12.0k44.0k23.0k55.0k86.0k42.0k88.0k134.0k42.0k83.0k123.0k35.0k70.0k103.0k21.0k38.0k54.0k12.0k24.0k43.0k19.0k36.0k62.0k18.0k36.0k

Inventories

9.0k18.0k(38.0k)(135.0k)109.0k165.0k226.0k63.0k98.0k275.0k89.0k(443.0k)539.0k2.0k(28.0k)(35.0k)(20.0k)(30.0k)(77.0k)10.0k60.0k64.0k(75.0k)(290.0k)(479.0k)(64.0k)(81.0k)

Accounts Payable

(13.0k)(57.0k)(138.0k)(106.0k)(105.0k)(157.0k)(212.0k)(45.0k)106.0k190.0k(195.0k)(326.0k)(128.0k)2.0k18.0k(25.0k)(82.0k)(26.0k)(22.0k)(67.0k)99.0k(230.0k)(127.0k)(154.0k)662.0k513.0k
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USDQ2, 2011

Financial Leverage

-0.2 x
Show all financial metrics

ImageWare Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

Learn more about our premium products
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ImageWare Systems Online and Social Media Presence

ImageWare Systems's Trends

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ImageWare Systems News and Updates

January 14, 2020

ImageWare Systems Kicks off 2020 with over $1.2 Million in Multiple Deals

ImageWare expands its presence in financial services and government sectors. ImageWare expands its presence in financial services and government sectors.
December 19, 2019

ImageWare Systems Partners with Laxton to Provide Law Enforcement Agencies with Modern in-the-field Biometric Devices

SAN DIEGO, Dec. 19, 2019 (GLOBE NEWSWIRE) -- ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based identity proofing and biometric authentication solutions, announced today a partnership with Laxton Group, a global provider of election, identity, and self-service solutions, to…
March 20, 2018

ImageWare Systems' (IWSY) CEO Jim Miller on Q4 2017 Results - Earnings Call Transcript

ImageWare Systems Blogs

May 14, 2021

The Impact of Biometrics in Post-Pandemic Financial Services

The introduction of biometric identification has impacted various business verticals, including banking and financial services. The world of banking, insurance, and financial services is built on risk management and a complex patchwork of state and federal legislation. With security thre…
May 14, 2021

[Live Webinar] Discover the First Ever Zero Trust Biometric Solution

Do you know that now your organization can have complete control over who can access your resources and you can also engage in remote collaboration of any kind without putting sensitive data or resources at risk?............ The post [Live Webinar] Discover the First Ever Zero Trust Biometric Soluti…
May 11, 2021

The CARES Act Grant: Secure your Remote Workforce, Funding is Still Available

The pandemic sweeping the planet has only further revealed the vulnerabilities all of us face at the hands of cybercriminals. The FBI has claimed nearly 4,000 reported cyberattacks a day, a 400 percent increase compared to pre-pandemic levels, resulting in $4.2B in losses. To make matter…
May 06, 2021

ImageWare Appoints Three Industry Leaders to Newly Established Advisory Board

San Diego – May 5, 2021 – ImageWare® Systems, Inc. (OTCQB: IWSY) (“ImageWare” or the “Company”), a leader in biometric identification and authentication, today announced the appointment of three individuals to its newly created strategic advisory board. Gentex Chief Technology Officer Neil Boehm, la…
May 04, 2021

PSD2, Strong Authentication, and What BFSI Need to Know

The “2020 Gartner Market Guide for User Authentication”  (Published 26 June 2020 - ID G00729931) made it abundantly clear to anyone who wasn’t already aware that criminals are getting more sophisticated when it comes to assuming identities, making it difficult to determine if someone is …
April 28, 2021

ImageWare Appoints James Sight to Board of Directors

SAN DIEGO, April 27, 2021 /PRNewswire/ — ImageWare® Systems, Inc. (OTCQB: IWSY) (“ImageWare” or “the Company”), a leader in biometric identification and authentication, announced today that it has appointed shareholder and experienced public company advisor James “Jim” Sight to its Board of Director…
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 ImageWare Systems Frequently Asked Questions

  • When was ImageWare Systems founded?

    ImageWare Systems was founded in 1987.

  • Who are ImageWare Systems key executives?

    ImageWare Systems's key executives are Kristin Taylor, Jay Lewis and Mark Blackman.

  • How many employees does ImageWare Systems have?

    ImageWare Systems has 73 employees.

  • What is ImageWare Systems revenue?

    Latest ImageWare Systems annual revenue is $3.5 m.

  • What is ImageWare Systems revenue per employee?

    Latest ImageWare Systems revenue per employee is $48 k.

  • Who are ImageWare Systems competitors?

    Competitors of ImageWare Systems include BioMetric Signature ID, Tascent and Keyless.

  • Where is ImageWare Systems headquarters?

    ImageWare Systems headquarters is located at 13500 Evening Creek Dr N #550, San Diego.

  • Where are ImageWare Systems offices?

    ImageWare Systems has offices in San Diego, Ottawa and Ciudad General Escobedo.

  • How many offices does ImageWare Systems have?

    ImageWare Systems has 3 offices.