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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
Websiteimageware.io
Employee Ratings2.2More
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Latest Updates

Employees (est.) (Dec 2018)73(+15%)
Revenue (FY, 2020)$4.8 M(+37%)
Share Price (Nov 2021)$0
Cybersecurity ratingBMore
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Key People/Management at ImageWare Systems

Kristin Taylor

Kristin Taylor

President and CEO, Director
Mark Blackman

Mark Blackman

VP of Product Management
Sudheer Koganti

Sudheer Koganti

VP of Engineering
Aj Naddell

Aj Naddell

VP of GTM & Product Strategy
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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

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ImageWare Systems's revenue was reported to be $4.79 m in FY, 2020 which is a 36.5% increase from the previous period.
USD

Revenue (Q2, 2021)

942.0k

Gross profit (Q2, 2021)

807.0k

Gross profit margin (Q2, 2021), %

85.7%

Net income (Q2, 2021)

11.3m

EBIT (Q2, 2021)

(2.7m)

Market capitalization (10-Nov-2021)

7.7m

Closing stock price (10-Nov-2021)

0.0

Cash (30-Jun-2021)

2.7m

EV

8.1m
ImageWare Systems's current market capitalization is $7.7 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

4.4m3.5m4.8m

Revenue growth, %

(20%)36%

Cost of goods sold

876.0k643.0k1.2m

Gross profit

3.5m2.9m3.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

931.0k812.0k785.0k796.0k733.0k2.5m733.0k942.0k

Cost of goods sold

204.0k140.0k138.0k119.0k154.0k838.0k119.0k135.0k

Gross profit

727.0k672.0k647.0k677.0k579.0k1.6m614.0k807.0k

Gross profit Margin, %

78%83%82%85%79%66%84%86%
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Annual
USDFY, 2018FY, 2019FY, 2020

Cash

5.7m1.0m8.3m

Accounts Receivable

968.0k657.0k577.0k

Inventories

29.0k615.0k40.0k

Current Assets

6.9m2.5m9.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

2.9m6.7m4.4m53.0k431.0k2.9m5.1m2.7m

Accounts Receivable

1.1m376.0k566.0k489.0k578.0k473.0k493.0k444.0k

Inventories

105.0k319.0k509.0k679.0k697.0k22.0k88.0k61.0k

Current Assets

4.4m7.7m5.8m2.2m1.9m3.6m6.3m3.7m
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Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(12.5m)(11.6m)(7.3m)

Depreciation and Amortization

51.0k71.0k72.0k

Inventories

50.0k(586.0k)576.0k

Accounts Payable

(221.0k)(162.0k)491.0k
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(3.6m)(6.2m)(8.8m)(3.1m)(6.0m)(6.7m)(1.9m)9.4m

Depreciation and Amortization

19.0k36.0k53.0k18.0k36.0k54.0k18.0k32.0k

Inventories

(75.0k)(290.0k)(479.0k)(64.0k)(81.0k)593.0k(48.0k)(22.0k)

Accounts Payable

(230.0k)(127.0k)(154.0k)662.0k513.0k863.0k(33.0k)(264.0k)
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USDFY, 2018

Revenue/Employee

60.3k

Financial Leverage

-3.6 x

P/E Ratio

(5.2)
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ImageWare Systems Operating Metrics

FY, 2018FY, 2019FY, 2020

Patent Applications

251814

Patent Applications (Foreign)

10

Patent Applications (US)

4

Patents Issued

222327
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ImageWare Systems Revenue Breakdown

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ImageWare Systems revenue breakdown by business segment: 26.6% from Services, 18.2% from Software and Royalties, 53.4% from Maintenance and 1.8% from Other

ImageWare Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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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

December 01, 2021

Imageware Provides Corporate Update and Plans for Conference Call

Imageware and Alutel Mobility, announced an agreement to embed Imageware’s market-leading biometric capabilities into Alutel’s AMS Suite 6.0 solutions. The post Imageware Provides Corporate Update and Plans for Conference Call appeared first on Imageware.
November 25, 2021

Biometric Voice Recognition – Everything You Should Know

With advancing technology, many companies have switched from orthodox authentication methods to cutting-edge biometric authentication and its components. The post Biometric Voice Recognition – Everything You Should Know appeared first on Imageware.
November 18, 2021

Behavioral Biometrics – Types, Use Cases, Benefits

The use of mobile technology and continuous exchange of data has raised privacy and security concerns for businesses and individuals. The post Behavioral Biometrics – Types, Use Cases, Benefits appeared first on Imageware.
November 12, 2021

Passwordless Authentication – Everything You Need to Know

When it comes to authentication, passwords were once the safest and most used methods of authentication. The post Passwordless Authentication – Everything You Need to Know appeared first on Imageware.
October 28, 2021

4 Applications of Biometrics in Telehealth Services

Biometrics have been in use in various industries, such as financial services and law enforcement for years. The increasing implementation of advanced authentication and recognition systems in smartphones and tablets has caused the biometrics technology market size to grow exponentially, and is expe…
October 20, 2021

Managed Security Service Provider (MSSP), Uses, and Benefits

In the late 1990s, Internet Service Providers (ISPs) were the forerunners of Managed Security Service Providers (MSSP). Some ISPs began supplying firewall equipment to their customers at that time, and if the customer desired, the ISP would also manage the firewall. The post Managed Security Service…
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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, Mark Blackman and Sudheer Koganti.

  • How many employees does ImageWare Systems have?

    ImageWare Systems has 73 employees.

  • What is ImageWare Systems revenue?

    Latest ImageWare Systems annual revenue is $4.8 m.

  • What is ImageWare Systems revenue per employee?

    Latest ImageWare Systems revenue per employee is $65.5 k.

  • Who are ImageWare Systems competitors?

    Competitors of ImageWare Systems include Zighra, Clear and IDEX Biometrics.

  • 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.