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Aware, Inc. (AWRE)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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2.8900-0.0300 (-1.03%)
As of 04:00PM EST. Market open.
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  • G
    Glendon
    Bob Eckel appointed CEO on 9-19-19. Stock was at $2.96 share and Aware had $48 million cash. On 11-30-2021 stock at $3.00 share and as of 9-30-21 had $33 million cash. Company is burning cash at $7 million year. Company still losing money. CEO and CFO were asked when they project profitability and they both declined to answer. IMO only reason to sell building was they wanted $8 million cash because they fear running out of money. Press Releases are a joke. “Global leader in biometrics” is a joke. No one has faith in current management or the Stanford BOD who are worthless.
  • H
    HB
    Sell this company! You have no idea what you are doing!!!! Try to get what you can with so amazing technology!!!!
  • J
    James
    Zero revenue growth and AR grew by 1.6 MM$ this quarter. That is sufficient to keep a big lid on this stock for another 3months. Hopefully there will be some info in the CC that points to a more obvious positive. On the surface this does not look like a company that is moving into a successful growth cycle.
  • J
    James
    Aware has typically topped out its revenue at around the 5 Million $ per quarter level. The next couple of quarters will be very revealing of the job Erckell is doing. The company took quarterly revenue down to very low levels a year and a half ago, and they have rebounded fairly well. They are now at the typical top of the cycle, last quarter showed no sequential growth, but it came as revenues rebounded strongly from the lows so a "catch-up" quarter may have been inevitable.

    If the new SaaS model is working well we should see strong growth this quarter, lets say5+MM$ and growth again for Q4. These two could provide information justifying a breakout for Aware.

    Lack of significant contract award announcements is disappointing, but Aware has a history of only announcing material information well after the fact to give "fully informed" shareholders time to front run the trade.

    If Q3 is disappointing, we will know that there is very little traction regarding the current business strategy for Aware. If growth is good, there is continued hope!
  • J
    James
    Shares bleeding off 8% or so over last few days. Not exactly overwhelming assurance that the quarter will shape up well. That is a very troubling sign.
  • P
    Phil B
    Once again, another quarter ends and no new contracts, customers or reason to keep holding this stock. So far Mr. Eckel has been a big disappointment. He's doing great for himself though. Another free 20K shares today.
  • L
    Lyle
    US Dept of State IDMS Business. Not sure why this was disguised with Partnership Announcement?

    INTERCEDE ANNOUNCE THE RECEIPT OF AN INITIAL PROGRESS ORDER FOLLOWING NEW U.S. DEPARTMENT OF STATE CONTRACT WIN

    Intercede has this week announced the receipt of an initial progress order following a significant new contract win for its MyID® credential management software with the U.S. Department of State (DoS).
    The new contract win follows Intercede’s involvement in a successful bid to create an innovative Identity Management System (IDMS) solution compliant with Homeland Security Presidential Directive 12 (HSPD-12) for the DoS and its customers.
    Further details of the contract are available in a press release that has been issued by Guidehouse as the Prime Contractor: https://guidehouse.com/news/national-security/2020/guidehouse-awarded-contract-to-support-identity
    The ten-year, multi-million pound contract will see MyID software issuing and managing the lifecycle of thousands of DoS employee digital identities as part of the agency’s next-generation identity management services (IDMS) implementation.
    “We are delighted that MyID software will form the central element of the Department of State’s next-generation IDMS,” said Klaas van der Leest, Chief Executive Officer of Intercede.  “This contract win underlines the quality of our MyID software and its future in managing best in class digital identity solutions for security conscious organisations like the DoS. It also highlights the strength of our offering when working proactively with partners, following on from the recent launch of our Connect Partner Programme. Together with Guidehouse as the prime contractor, plus Appian Logic, Aware and CertiPath, we have an innovative solution that will meet the needs of the DoS now and over the next ten years.”
    The Department of State joins fellow U.S. federal agencies including the Transportation Security Administration, Federal Aviation Administration and Social Security Administration who have also chosen MyID as their credential management software.
  • J
    James
    13D/G Filings
    This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

    File
    Date Effective
    Date Form Prev
    Shares Reported
    Shares Change in Shares
    (Percent) Ownership
    (Percent) Change in Ownership
    (Percent)
    2019-02-14 2019-02-14 13G/A 1,624,123 1,783,395 9.81 8.28 10.40
    2018-01-25 2018-01-25 13G/A 1,339,267 1,624,123 21.27 7.50 21.75
    2017-08-08 2017-08-08 13G/A 1,120,425 1,339,267 19.53 6.16 22.22
    2017-04-12 2017-04-12 13G/A 1,036,848 1,120,425 8.06 5.04 9.57
    2017-02-10 2017-02-10 13G/A 1,974,676 1,036,848 -47.49 4.60 -46.51
    2016-01-20 2016-01-20 13G/A 1,974,676 1,974,676 0.00 8.60 0.00
    2016-01-20 2016-01-20 13G 1,974,676 8.60
  • J
    John
    26,000 share block at about 3:30 at $3.28 + .01. I think next time Vanguard and Blackrock report their changes in positions you will see they sold about 100,000 + shares.
  • J
    James
    Bob Eckel, the new guy, has learned very quickly from the Stafford playbook. Paint a very bleak picture of the company's prospects. Don't even try to lay out a plan that spells out how the company is guiding its future for a positive financial outcome for investors. This company does not deserve to exist.

    Eckel, if he is a legitimate CEO (big if), needs to immediately reform Aware.

    Step 1, formulate a business plan that commits him and his lieutenants to a strategy for profitable growth. (Presently, Aware has been in decline for the last 20 years.)

    Step 2, hold management accountable to the growth plan by setting up performance targets consistent with the plan.

    Step 3, increase transparency by reporting important sales and contracts as they occur and by holding quarterly conference calls. Rob Mungovan got a six figure commission in his 2019 compensation all while the revenue numbers are pressing lower. This shows zero management accountability to shareholders.

    Absent an honest effort by this management team, there are a team of outside shareholders that will fire up and go after the many SEC violations that this company has perpetuated under the Stafford years.
  • J
    John
    It appears a correction needs to be filed. Column 9 shows 10,000 shares yet the 10% owner box is checked

    Per the NASPP webiste:

    "Incorrect Securities Beneficially Owned"

    "If there was an error in the number of shares reported in Column 5 of Table I or Column 9 of Table II, the amended filing is pretty straight forward as long as the total holdings are not incorrect because of an error in or omission of an actual transaction. An amendment with the correct holdings can be filed with a footnote explaining the correction. Likewise, if holdings are incorrectly reported as directly or indirectly held, the same amendment filing would apply. Even if the issue is simply that direct holdings are reported as indirect (or vice versa), it may be best to file an amended Form 4 to show both line items with the correct number of shares. It's also important to note that the number of shares reported in Column 9 of Table II should only reflect the total of the same class as the derivative security being reported on that line, not the total number of all derivative securities held by the filer."
  • L
    Lyle
    Anyone see the significance of AWRE announcement of Conference Call on Feb 09th at 5:00 following release of qtr 4, FY 2020 earnings? I mean 15 mos since new CEO and probably 60 mos + since last call! Makes me want to say “Hum!”

    I’ve gotta believe based on qtr 3 PR where BB said “Our early traction on these initiatives has quadrupled subscription revenue and tripled the number of Knomi subscription customers year-to-date, as well as enabled Knomi to facilitate more than 10 million trusted transactions worldwide.” I’m thinking no excuses, no explanations needed just growing revenue, break even or positive earnings and positive 2021 EPS estimates! Can anyone think money center bank or Square or Pay Pal/Venmo?
  • P
    Phil B
    Todays 10K

    Share Purchases - On April 24, 2018, we announced that our Board of Directors had approved a program authorizing the Company to purchase up to $10 million of our common stock. The shares may be purchased from time to time in the open market or through privately negotiated transactions at management’s discretion, depending upon market conditions and other factors. Shares are retired upon repurchase. The authorization to repurchase our stock expires on December 31, 2019. We repurchased 234,494 shares of common stock under this program for a total cost of $0.8 million during the year ended December 31, 2019.

    Since the program commenced in April 2018 and concluded in December 2019, we have repurchased 336,699 shares for a total cost of $1.2 million.
  • L
    Lyle
    Border control made easy with biometric technology 
    September 23, 2021    |    4 minute read

    Sure reads a lot like what Newark Airport Authority and Lufthansa Airlines are implementing at the International Gates? Likely wishful thinking since it’s been a month since press release from Newark/Lufthansa!
  • P
    Phil B
    Does this mean that Kevin Russell is no longer a director after the upcoming AGM?

    "On March 25, 2019, the Board of Directors agreed to reduce the number of directors to be comprised on the Board of Directors from the current number of nine total directors to seven total directors. On March 25, 2019, in order to mitigate the imbalance in the classes of directors caused by Mr. Stafford’s resignation, the Board of Directors reclassified Kevin T. Russell, the Company’s Chief Executive Officer, President and General Counsel and a director of Aware, Inc. from his current class as a Class I director to a Class III director. As a Class III director, Mr. Russell’s current term will expire at the annual meeting to be held in 2020."

    Then there's this which I forgot..."On March 25, 2019, John S. Stafford, Jr., Chairman and a director of Aware, Inc., informed our Board of Directors that he was resigning from our Board of Directors, effective March 25, 2019. Also on March 25, 2019, the Board of Directors of Aware appointed current director, Brent P Johnstone, to serve as Chairman of the Board."

    Pay particular attention to this: "On March 25, 2019, the Compensation Committee of Aware, Inc. (the “Company”) approved the Aware, Inc. 2019 Executive Bonus Plan (the “Plan”) and established performance criteria and target bonuses thereunder.

    Each of Kevin T. Russell, the Company’s Chief Executive Officer, President and General Counsel, and David J. Martin, the Company’s Chief Financial Officer, will be eligible to receive a bonus, based on the Company’s achievement in 2019 of a profits before taxes (PBT) target determined by the Compensation Committee."

    Wouldn't you love to know what that performance criteria is? We'll be able to extrapolate after the bonuses are awarded in March.

    https://www.marketwatch.com/press-release/aware-inc-nasdaqawre-files-an-8-k-entry-into-a-material-definitive-agreement-2019-03-27?mod=mw_quote_news
    Mar 27, 2019 (Market Exclusive via COMTEX) -- AWARE, INC. AWRE Files An 8-K Entry into a Material Definitive Agreement Item 1.01. On March 25, 2019, John S....
    Mar 27, 2019 (Market Exclusive via COMTEX) -- AWARE, INC. AWRE Files An 8-K Entry into a Material Definitive Agreement Item 1.01. On March 25, 2019, John S....
    www.marketwatch.com
  • J
    James
    When the people revolt against the corrupt elites of this country, the likes if the Stafford’s and Erckel’s will be on the wrong side of history.

    The Stafford’s allowed the Flying Tzanii Bros to make off with many of our patents. Erckel fed at the trough of free shares before he gave or self-dealt the real estate. Theses guys are all shady. Karma caught up and cooked Stafford’s Goose (Davidson PETA - for you longterm Aware Shareholders - found their Waterloo in Volatility last year).
  • J
    John
    Aware's "Patent Monetization" process / concept/ strategy is much like their operating business; fruitless.
  • L
    Lyle
    Q2 21 Qtr’ly biometric transactions + 50% @ 11.0 mil vis Q1 @ 7.0 mil. Run rate now + 40.0 mil transactions/year growing at 50%! Now just how much $/transaction….0.10, 0.15, 0.20, 0.25? Encouraging quarterly report, IMHO.
  • J
    James
    Management of Aware:

    Consider this when you think about how Aware is managed. They "plow" about $5,000 per quarter into capital investment for this company, while they sit on $50,000,000 cash position. Who ever does that? Have you ever seen a company that does that? What book of finance do they read that says that is a good idea?
  • J
    Jane
    Aware has over 10 percent of their positions advertised as open. That is a high percentage for such a small company. If Aware next month has earnings Red again, three strikes in a row, they are OUT for anyone ever acquiring them!