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Aware, Inc. (AWRE)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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1.7800-0.0300 (-1.66%)
At close: 04:00PM EDT
1.7800 0.00 (0.00%)
After hours: 04:00PM EDT

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  • C
    Carl Jr.
    9/30 cash should be about $32M, suggesting at the current market cap, the AWRE operating business is worth all of $9M, or around 50% of trailing 12 month sales. Investors are clearly discounting for continued cash burn vs. hoping for a sale or brighter future with real growth.
  • L
    Lou
    I only know two things about this company: The share price is at a 14-year low, and insiders have been buying like crazy. A check of the Form-4's shows 57 buys and NO SELLS since 2019. How can that be? I have never seen anything like that before. Does anyone have a theory? For example, Director Stafford bought 50k at $3.09 last November. Why did he do that? Is he nuts? I am going long to see what happens next.
  • J
    John
    saw form 4s looks like 4.6 million shares transferred from Ronin Capital LLC to John Stafford III. I thought Ronin was dissolved a while ago.
  • J
    James
    3rd qtr is 75% in the bag, with no new deals announced. Rapidly growing Co in a rapidly growing industry?

    That is a lie.
  • J
    James
    A couple of thoughts regarding the new chief revenue officer at Aware Inc. His most recent position with 3Play Media was a company founded by 4 MIT classmates at the Sloan School of Business and prior studies in the tech areas for some.

    Aware is a Company founded by an MIT Mathematician named Howard Resnikoff back in 1986. I do not know if the MIT connection in any way affected his selection, but it is something to note and someone can add any additional thoughts.

    What I found more interesting is the a couple bits of information on Mr Herman's resume. He is affiliated with an organization called Pavillion. It looks like a glorified employment search service, but it presents itself as an industry consortium of professionals that share best practices in the application of the "Software as a Service " concepts. If its an employment agency, it concerns me because Mr. Herman stopped working at 3Play in June of this year. The big question for me is, was he recruited and did he leave 3Play to satisfy a temporary non-compete or just take some time off. Or did he lose his job at 3play and Aware picked him up on waivers?
  • F
    Father of Modern AFIS
    Wow - My body, Rob is gone from Aware!
    Heard about it last Friday - quite a surprise - the only last decent knowledgeable person has left the company. So the end of Aware is here. It is such a shame that a company with so much potential is killed by its board and major holders - so much about fiduciary responsibilities.
    I kind of saw this three weeks back in the IAI conf&expo - very shabby and sad booth - no life at all. Anyways good for Rob to move on and get out of a dead place.
  • J
    James
    Another one bites the dust.

    Kai Imgenberg, who was part of the International Sales org at Aware, left the Co in August. I do remember him from several years ago but I can't remember why, but it wasn't good. He is cut from the Mungo Jack cloth, so it makes sense he is now gone.

    On "maybe" a positive note ... I do see that Aware has plucked at least on person from ID.ME to work in the organization. Hard to say if this is a strong individual or not. The education pedigree is not impressive, but we do know from experience that Education pedigree has not provided a return to Aware shareholders in the past.
  • J
    James
    Will we ever see a headline like this one? ...

    Visa chooses Callsign, as their preferred behavioral biometric digital and device intelligence identity provider. Under the agreement, Visa will introduce Callsign’s behavioral biometric and device fingerprinting solutions to the Visa network of financial institutions, payment service providers (PSPs), and merchants across Europe.
  • I
    ID.ME
    Aware issued a press release that Craig Herman is the new Chief Revenue Officer replacing Rob Mungovan the Chief Commercial Officer. Sure will cost a small fortune to pay off Mungovan to keep quiet. Sure they will use the proceeds from the building sale where they gave away the building. Read Craig Herman’s educational background. He received an Associates Degree (AD) from Dean College (formerly Dean Junior College) and attended Marquette University for three years where he graduated with a Bachelors Degree. His industry employment background has zero to do with Biometrics. Surprised that Bob Eckel did not hire someone from Morpho Idemia like he did the CFO and CTO. How about a sales rep from IDME or Clear who has been selling biometrics. Honestly, have no faith in Bob Eckel. Three years on nothing except lower stock value-fewer patents-half the cash and no building. I smell desperation as he wanted cash as Aware is burning cash with no idea IF or WHEN they will be break even. Since Trey Stafford hired Bob Eckel you knew it was a bad hire. His conference calls are a joke like a Joe Biden press conference. Zero Inflation-Zero profit. Should have sold all shares in the six dollar range.
  • I
    ID.ME
    Is there any truth to the rumor that the Aware marketing department is entering the Witness Protection Program? Apparently they want to hide their identities. Bob Eckel should join them. Three years of dissipating Aware assets.
  • J
    James
    No mention of the new Revenue Chief. Maybe they decided there is so little revenue, why waste a whole salary on it?

    I would have thought they might have made it like an urgent and positive thing, but to drag the feet on the announcement just totally explains why they are in the sad shape they find themselves in today.
  • J
    John
    Mungovan leaving 08 31 22 so I guess you can lay that " shabby and sad booth" at his feet. Oh wait I forgot he has just been coasting the last six months. FoMA 3 posts in 8 years C'mon Man.
  • J
    John
    James where is info on the ID.ME former employee joining Aware?
  • L
    Lyle
    Form 4 CEO R. Eckel 8/01/22…. 7,000 shs @ $2.09 = Total Holdings + 204,497. James you make some valid arguments re AWRE, many I support, but try to be objective! Eckel and Barcelo have used personal $ to buy public shares! Products + Technology cutting edge, Sales and Revenue suboptimal! In 6 mos Eckel gets vested in + 1.0 mil shares! Stand by, let’s see what happens!
  • J
    James
    Idex Biometrics Turkish customers seem to be spending increasing amounts of money on their biometric solutions. I wonder why Aware Inc's Turkish customers are lagging?

    I think Erckel is not speaking the truth.
  • J
    James
    Ouch, somebody dumped 25K shares at the close after a steady low volume climb. The Pro's are luring the lemmings.
  • H
    HAL4EVA
    Aware’s Q322 revenue prospects don’t look encouraging at the moment for at least three reasons.

    First, Eckel repeated a number of times during the conference call that the company was facing headwinds from a challenging macroeconomic environment. He cited inflation and interest rates, but he forgot to mention Putin and gas prices. The war in the Ukraine could have a devastating effect on Aware’s SaaS transition.

    Second, it’s unlikely Rob Mungovan is terribly motivated to work hard to deliver Q3 revenue. And, the new CRO doesn’t start until August, so he will have little impact on the quarter. On the other hand, changing the name of the Chief Commercial Officer to Chief Revenue Officer should drive revenue overnight. The phones are probably ringing off the hook in the sales department already.

    Third, Aware is moving into new space in Q3. It’s hard to imagine how that won’t disrupt the Q3 sales effort and operations. On the other hand, the company was able to put $8.6 million in the bank …. at least temporarily until they burn it. That’s the good news. The bad news is they signed up for an $8.2 million lease commitment.

    Who knows, they may surprise the heck out of us in Q3.
  • J
    James
    Aware brings a whole new meaning to the words long term growth strategy !
  • J
    James
    Before Erckel came to town, Aware had 50MM$ in cash , a building with comps of approximately 16MM$ and a break-even business.

    With 20MM shares out it had an intrinsic value $2.50/sh just on a cash basis. Add .75 for the bldg bam 3.25/ shr.

    Today we are back to losing money on operations and we have about 1.50/share in cash.

    If I were the CFO I would schedule my vacation for the conference call too!

    The market has always valued Aware’s operating business at zero or worse.
  • J
    James
    Why must Mun-Go?

    For a micro cap company in its exponential growth period, they reported exactly Zero new contracts during Q2.