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Aware, Inc. (AWRE)

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2.6716+0.0216 (+0.82%)
As of 01:48PM EDT. Market open.
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  • I
    ID.ME
    The stock performance of Aware has been abysmal ever since CEO and BOD waived the poison pill and allowed John Stafford and his family members to become the largest shareholders. Stafford appointed Kevin Russell and Richard Moberg as co CEO’s. Moberg exercised his stock options the day before AWRE announced a $75 million patent sale to Intel. He did this to save a pile of money in taxes. Moberg resigned as co CEO and sold back a large portion of his shares to Aware for a substantial discount to market value. I went to the annual meeting and sat across from Kevin Russell and asked him if the Securities and Exchange Commission had forced Moberg to resign. Russell stated the SEC had not forced his resignation. I felt he was not being truthful. Russell was the head of the Aware Ethics Committee and should never have allowed Moberg to exercise his options. At the end of the day nearly all the members of the Board of Directors are Stafford people. Even though he is no longer Chairman of the BOD make no mistake Stafford calls the shots. Stafford’ a track history is not a good one. He was forced to resign from the BOD at Xencor and through mismanagement lost a fortune at Ronin Capital. Michael Tzannes after he left Aware bought a large stock position in Xencor and made a large profit. Was it a coincidence or was this inside information payback to Michael Tzannes for allowing Stafford to violate the Aware poison pill?
  • C
    Carl Jr.
    Anyone have a view on strategic/private value here? Any good comps out there? Hard to believe Aware's software/service would not be worth signifigantly more to a large organization with a real sales force and connections.

    The targets that they set would be great off a substantially larger sales base, but given the urine-trickle of sales it really doesn't cut it so the stock stays utterly dead.
  • I
    ID.ME
    In the 2020 Annual Report Aware listed 121 US and foreign patents and 34 patent applications. In the 2021 Annual Report Aware listed 84 US and foreign patents and “approximately 15” patent applications. No explanation as to what happened to 37 patents-one third of total patents. Did they all expire worthless? What happened to 19 patent applications? Did the US patent office deny the applications? Given the high cost of a patent-employee labor cost and patent legal fees these are legitimate questions that deserve transparency.
  • J
    John
    Aware also indicated NO buyback in Q1. I guess $2.70 / share is too rich. Waiting for $1.80.
  • J
    James
    Aware Inc is the 30 year old company that is learning to crawl.
  • L
    Lyle
    Looking at the past clouds the opportunity of the future! No one can legitimately argue Aware President & CEO Eckel is ambivalent to or not aligned with current and future stakeholders.

    https://newsfilter.io/a/0d7525dbafd2efcef8ba18c83ca9bd00

    In 9 mos., Bob will vest 800,000 Aware shares @ +$4.75/sh, added to + 187,000 personal shares added @ $3.00/sh, makes any criticism biased and misplaced. Suggesting current management is somehow not aligned with existing long shareholders is dishonest or malicious!
    Form 4 (statement of changes in beneficial ownership of securities) filed with the SEC
    Form 4 (statement of changes in beneficial ownership of securities) filed with the SEC
    newsfilter.io
  • J
    James
    If CEO Erckel is unwilling to answer as to How Many Knomi transactions occurred in the prior quarter, do you think he will be willing to explain who AX WIRELESS LLC of Cedar Park TX?

    This is the company getting assigned patents from ex Aware inventors Marcos Tzannes and Joon Bae Kim. We shareholders gave Aware Patents to these ex Aware employees who have developed further concepts they used to work on at Aware. The disappearance of the only assets that ever generated a return for shareholders is very concerning. Given the secretive disposal of assets on the part of Aware, one must be very concerned about self-dealing. Especially in light of documented history of unethical practices employed by Aware Inc executives.
  • C
    Carl Jr.
    I don't have a problem with current CEO, he has done well so far as I can see. I think the real issue is that operationally this company was a backwards #$%$show far more than I had realized, so there was far more basic stuff to do. As someone else said, "teaching the 30 year old company to crawl" seems an apt analogy. From this low base level and with a platform with high incremental margins, we need 50%+ sales growth/year for a number of years. If they can do that this stock will rocket yet.
  • J
    James
    I found the CC very disappointing. The CEO was evasive in the Q&A. This is not a breath of fresh air, it is more of the same from the past 30 years at Aware. The only executive that ever purchased the company stock with his own money got fired for doing so unethically. Aware brass is over paid and under-worked. They have always let down the shareholders.

    Even when asked a straight up question about Knomi , they danced around it and did not answer it. THere is an answer to that question and they would not give it. Why bother wasting everyone's time. These people clearly don't work for shareholders, they work for themselves.

    This country is in big trouble until the People stand up and do away with this priviledged elite class of crooks.
  • I
    ID.ME
    Today Aware announced partnership/investment of $2.5 with cybersecurity company MIRACL. So I will give Bob Eckel credit for having a plan. Of course he has never articulated the plan to shareholders. Appears that Aware plans to offer a total protection package for companies by combining biometrics with cybersecurity. Based on acquisition of Fortress Identity and partnership investment in MIRACL they have been spending to put together a solution to cyber hacking and identity fraud. They sold the HQ building for $8 million to spend on acquisitions and partnerships. It is time for Aware to take business away from ID.ME and grow revenue.
  • C
    Carl Jr.
    "It is time for Aware to take business away from ID.ME and grow revenue."Yes, and the sales targets need to be much larger when you are working off such a puny sales base. I think this is why the stock has been so poor. Investors have been like, #$%$ This is what we have been waiting for?" They need to be far more aggressive.
  • I
    ID.ME
    Aware just posted Form 4’s for some of the BOD members. Brent Johnston is Chairman of the Board and has been on the BOD since 2012.he was awarded 19,000 shares and has a total of 119,494 shares. Brian Connolly has been on the BOD since 2012. He was given 15,147 shares and has a total of 116,099 shares. Both men have been on the BOD for 10 years and not once have they reached into their own pockets to purchase a single share of Aware. What message does this send to shareholders? Both men are friends of Trey Stafford and are there to vote how he tells them to vote. Neither man has a tech or biometrics background. Neither man feels confident enough about Aware management to invest their own money.
  • I
    ID.ME
    Conference call was an exercise in frustration. Aware is focusing on nickel and dime sales for $16.9 million revenue while their competition ID.ME is doing $150 million in sales and CLEAR (YOU) is doing $240 million in sales. Aware lists 84 patents on their website. Last time I checked ID.ME advertised two patents. CLEAR is not clear about how many patents they have. Point is that these biometrics companies are worth billions-ID.ME privately held estimated worth $1.5 billion and CLEAR worth $2.6 billion. Easy question for Bob Eckel. You have been at Aware 2 1/2 years. Why are you unable to grow the sales revenue? If Aware's technology is as good as they claim they should be growing revenue but they are not. The BOD are a group of John Stafford people who add no value. They are on the BOD for the stock awards and stock options and to do what Trey Stafford tells them to do. Ronin Capital was worth 21 Billion before the 2020 meltdown and they no longer have a website. The large shareholders of Aware need to get together and lean on Aware to pursue pther markets like like state and federal tax departments-state unemployment offices-banks and credit card companies and other financial firms. ID.ME does not have Aware's technology BUT they have something more valuable-cash. Eckel said would be break even sometime late 2023. Woohoo break even. By then the company will have lost another $12 million (lost $8.6 million in 2021). Eckel brags about his success in 2021 but I see failure.
  • L
    Lyle
    Hyperbole uncharacteristic but refreshing to read!

    “Some Mobile World Congress attendees will also be invited to an exclusive preview of Aware’s next groundbreaking offering which is expected to take the authentication market by storm.”

    May mean nothing to current pps, but overdue nonetheless! FY 21 + Q4 ER tomorrow!
  • I
    ID.ME
    Aware had another great Q4 and 2021! Lost $1.3 million Q4 and burned through $8.6 milion in cash in addition to the $16.9 revenue. Let's not forget the leading Turkish bank Garanti BBVA and the Thomas County Georgia Sheriff's office. Meanwhile Clear (symbol YOU) and ID.ME are grabbing all the revenue. So tell me again why they delayed the conference call to 3-1-2022?
  • J
    James
    Lack of Revenue growth is now the yoke on this stock. There is no evidence of market success.
    3 years is and eternity, but based on his range of 30 to 40MM$ in revenue in the next 2 to 3 years the actual range of growth rates is 20% to 55%.

    Based on progress so far, none of that appears realistic. If Erkel really believed this was possible he would be a buyer now. Especially given they just cleared the deck on disclosures of quarterly and annual data. All indications are this is a dull and directionless business. If he knows better based on a strong opinion about his product and service, then he would show it buy buying the stock. If he was confident he would be all in. No-one at Aware ever uses their own money.

    Except for the former co-CEO, Richard M oberg, that used inside information to avoid the tax bite on his 250,000 option portfolio. He actually postponed Aware's Q1 report in 2012 so he could squeeze in his personal transaction to exercise his "At the Money" options the day before the earnings announcement.
    This does not violate federal law, but it did violate the Aware Corp Code of Ethics. That is the only time in history, I can remember an Aware executive purchasing the Co stock with their own money.
  • L
    Lyle
    Coincidence or choreographed? Aware announced FY + Q4 ‘21 earnings release for March 1, 2022….(2 wks later than norm) and corresponding with Mobile World Congress and now following PR suggesting “groundbreaking offering…expected to take the authentication market by storm.”

    The only thing missing is a significant contract from a SIM mfg/vendor! Could the mystery be a planned and orchestrated marketing coup! Makes you want to say hmmm.
  • J
    James
    Very Funny from the Q&A:

    One of the excuses for lack of insider buying was the compliance with having material inside information. I am not Aware of any material information disclosures in quite some time. A 2-bit contract in Mayberry does not constitute "materiality".
  • Y
    Yahoo Finance Insights
    Aware is up 8.61% to 2.90
  • Y
    Yahoo Finance Insights
    Aware is up 10.43% to 3.07