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Aware, Inc.

AWRE NASDAQ Categories PDF
Technology · Software - Application · United States · Updated May 10, 9:09pm
$1.30
Price
$28.1M
Market Cap
64
Employees
0.89
Beta
Ajay K. Amlani
CEO
Business Description

Aware, Inc. provides biometrics software products and solutions in the United States, Brazil, the United Kingdom, and internationally. It offers biometrics software products, including biometric search and matching software development kits (SDKs); biometric enrollment SDKs and application programming interfaces (APIs); and imaging products for medical and advanced imaging applications, such as JPEG2000 product to compress, store, and display images, as well as software maintenance services. The company also provides Knomi mobile biometric authentication framework; AwareABIS, an automated biometric identification system; AFIX suite of products for small-scale law enforcement focused biometric identification; BioSP, a biometric services platform; WebEnroll, a browser-based biometric enrollment and data management solution; AwareID, a software-as-a-service that provides biometric face and voice analysis for liveness-verification, and document validation; and Fortress Identity Biometric Authenticator and Onboarding Authentication Platform, which offers multi-factor authentication through passive and active biometrics for multiple modalities, including voice, fingerprint, face, and behavior to enable online onboarding and identity proofing. In addition, it offers program management and software engineering services, including project planning and management; system and architecture design; software design, development, customization, configuration, and testing; and software integration and installation. The company's software portfolio enables government agencies and commercial entities to enroll, identify, authenticate, and enable using biometrics, such as fingerprints, faces, irises, and voices. The company sells its products through systems integrators, original equipment manufacturers, value added resellers, and partners, as well as directly to end user customers. Aware, Inc. was incorporated in 1986 and is headquartered in Bedford, Massachusetts.

Business History
Price Overview
Last updated: May 11, 2026 1:55pm (just now)
$1.32
+0.02 (+1.54%)
Day Range
$1.29 – $1.32
52-Week Range
$1.02 – $2.95
50-Day MA
$1.32
200-Day MA
$1.99
Volume
19,073.00
Share Structure
Outstanding 21,631,300.00
Float 11,953,780.00
Free Float 55.3%
Normal free float — 55.3% of shares trade freely, ~44.7% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-4.64
Stock Price: $1.30
EPS (Diluted): -0.28
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.50
Stock Price: $1.30
Total Equity: $26.14M
Shares: 21,183,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-3.73
Market Cap: $28.12M
Total Debt: $0.00
Cash: $7.27M
EBITDA: -$5.99M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$35.9M
Market Cap: $28.12M
Total Debt: $0.00
Cash: $7.27M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
92.3%
Gross Profit: $15.97M
Revenue: $17.29M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-37.9%
Operating Income: -$6.56M
Revenue: $17.29M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-34.0%
Net Income: -$5.87M
Revenue: $17.29M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-29.6%
Net Income: -$5.87M
Total Equity: $26.14M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-28.1%
Operating Income: -$6.56M
Tax Rate: -4.6%
Equity: $26.14M
Total Debt: $0.00
Cash: $7.27M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
13.50
Current Assets: $26.65M
Current Liabilities: $1.98M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $26.14M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.82
Revenue: $17.29M
Shares: 21,183,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$1.23
Total Equity: $26.14M
Shares: 21,183,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.26
Operating CF: -$5.40M
CapEx: -$165,000
Shares: 21,183,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.30
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$5.87M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares AWRE against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $16.9M $16.0M $18.2M $17.4M $17.3M
Cost of Revenue $1.2M $1.3M $1.3M $1.1M $1.3M
Gross Profit $15.6M $14.7M $17.0M $16.3M $16.0M
Operating Expenses $21.7M $17.0M $25.5M $21.8M $22.5M
Operating Income -$6.1M -$2.2M -$8.5M -$5.5M -$6.6M
Net Income -$5.8M -$1.7M -$7.3M -$4.4M -$5.9M
EBITDA -$5.4M -$7.2M -$6.1M -$5.0M -$6.0M
EPS $-0.27 $-0.08 $-0.35 $-0.21 $-0.28
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $30.0M $11.7M $10.0M $13.0M $7.3M
Total Current Assets $38.8M $37.3M $35.8M $33.0M $26.7M
Total Assets $48.4M $51.2M $46.3M $42.6M $37.2M
Current Liabilities $5.7M $5.8M $7.5M $7.9M $2.0M
Long-Term Debt $0 $0 $0 $0 $0
Total Liabilities $6.9M $11.0M $12.0M $11.7M $11.1M
Total Equity $41.5M $40.2M $34.3M $30.9M $26.1M
Retained Earnings -$56.5M -$58.2M -$65.5M -$69.9M -$75.8M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$6.2M -$5.0M $1.8M -$3.2M -$5.4M
Capital Expenditure $-27,000 $-730,000 $-16,000 $-45,000 $-165,000
Free Cash Flow -$6.3M -$5.8M $1.8M -$3.2M -$5.6M
Acquisitions (net) -$2.5M $8.5M $0 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 -$1.3M $-506,000 $-207,000 $-115,000
Net Change in Cash -$8.6M -$18.2M -$1.7M $3.0M -$5.7M
Analyst Estimates (Annual)
Metric 2021 2022 2023 2024
Revenue $16.6M
$16.6M – $16.6M
 $15.0M
$15.0M – $15.0M
 $18.4M
$18.3M – $18.5M
 $21.4M
$21.4M – $21.4M
EBITDA -$7.2M
-$7.2M – -$7.2M
 $6.7M
$4.3M – $9.1M
 $5.9M
$3.6M – $8.2M
 -$6.2M
-$6.2M – -$6.2M
Net Income -$6.8M
-$6.8M – -$6.8M
 $5.9M
$3.6M – $8.3M
 $5.1M
$2.8M – $7.4M
 -$2.8M
-$2.8M – -$2.8M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth -5.0% +14.0% -4.7% -0.6%
Gross Profit Growth -5.7% +15.1% -4.2% -1.8%
Operating Income Growth +63.6% -285.2% +35.1% -18.3%
Net Income Growth +70.4% -323.8% +39.4% -32.5%
EBITDA Growth -33.8% +16.0% +18.0% -20.1%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-05 STAFFORD JOHN S III P-Purchase 3,868.00 $1.25 $4,835
2026-05-04 STAFFORD JOHN S III P-Purchase 15,720.00 $1.25 $19,650
2026-05-05 Amlani Ajay K P-Purchase 15,000.00 $1.30 $19,500
2026-05-04 Amlani Ajay K P-Purchase 10,952.00 $1.17 $12,814
2026-05-01 Amlani Ajay K P-Purchase 18,901.00 $1.15 $21,736
2026-03-17 Traverse David K P-Purchase 4,500.00 $1.15 $5,175
2026-03-13 STAFFORD JOHN S III P-Purchase 16,754.00 $1.28 $21,445
2026-02-23 Johnstone Brent P A-Award 44,118.00 $0.00 $0
2026-02-23 Evee Gary A-Award 47,059.00 $0.00 $0
2026-02-23 Connolly Brian D A-Award 45,000.00 $0.00 $0
2026-02-23 STAFFORD JOHN S III A-Award 39,118.00 $0.00 $0
2026-02-23 Faubert Peter R. A-Award 42,059.00 $0.00 $0
2026-01-02 Evee Gary M-Exempt 28,207.00 $0.00 $0
2026-01-02 Johnstone Brent P M-Exempt 27,349.00 $0.00 $0
2026-01-02 STAFFORD JOHN S III M-Exempt 22,316.00 $0.00 $0
2026-01-02 Faubert Peter R. M-Exempt 23,994.00 $0.00 $0
2026-01-02 Connolly Brian D M-Exempt 25,671.00 $0.00 $0
2025-11-04 Amlani Ajay K P-Purchase 2,262.00 $2.26 $5,112
2025-11-03 Amlani Ajay K P-Purchase 13,227.00 $2.23 $29,496
2025-09-02 Amlani Ajay K P-Purchase 10,679.00 $2.20 $23,494
Dividend History (Last 20)
Date Dividend Declaration Record Payment
2014-07-25 $1.75 2014-06-26 2014-07-10
2012-12-18 $1.80 2012-11-19 2012-12-03 2012-12-17
2012-05-09 $1.15 2012-04-27 2012-05-11 2012-05-25
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27