Business Description
Aware, Inc. stands as a global purveyor of biometric software solutions and products, with its operations spanning the United States, Brazil, the United Kingdom, and numerous other international markets. The company's comprehensive product line features specialized biometric software development kits (SDKs) tailored for functions such as biometric search, matching, and enrollment, complemented by powerful application programming interfaces (APIs). Furthermore, Aware delivers advanced imaging tools, notably its JPEG2000 offering, designed to facilitate the compression, storage, and display of images for medical and other high-tech applications. Essential software maintenance services are also a core part of its offering. Among its proprietary software solutions are Knomi, a framework enabling mobile biometric authentication; AwareABIS, an automated system for biometric identification; the AFIX suite, specifically developed for smaller-scale law enforcement biometric identification needs; BioSP, a robust platform for managing biometric services; and WebEnroll, a browser-based tool for biometric data enrollment and management. Additionally, AwareID functions as a Software-as-a-Service (SaaS) platform, leveraging biometric analysis of face and voice for critical liveness verification and document validation. A significant offering is also the Fortress Identity Biometric Authenticator and Onboarding Authentication Platform, which facilitates multi-factor authentication through a blend of passive and active biometrics across various modalities, including voice, fingerprint, facial recognition, and behavioral patterns, thereby streamlining online onboarding and identity proofing processes. Beyond its diverse software products, Aware furnishes a range of professional services. These encompass comprehensive program management and a full suite of software engineering capabilities, from project planning and oversight to system and architecture design, software development (including customization and configuration), rigorous testing, integration, and seamless installation. Ultimately, Aware's sophisticated software ecosystem empowers both governmental organizations and commercial entities to effectively enroll, identify, authenticate, and grant access using various biometric modalities, such as fingerprints, facial characteristics, iris patterns, and vocal prints. The company employs a multifaceted distribution strategy, selling its solutions through systems integrators, Original Equipment Manufacturers (OEMs), Value Added Resellers (VARs), and strategic partners, alongside direct engagement with end-user customers. Established in 1986, Aware, Inc. maintains its corporate headquarters in Bedford, Massachusetts.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -0.28
Total Equity: $26.14M
Shares: 21,183,000
Total Debt: $0.00
Cash: $7.27M
EBITDA: -$5.04M
Total Debt: $0.00
Cash: $7.27M
Revenue: $17.29M
Shares: 21,183,000
Revenue: $17.29M
Revenue: $17.29M
Revenue: $17.29M
Total Equity: $26.14M
Tax Rate: -4.6%
Equity: $26.14M
Total Debt: $0.00
Cash: $7.27M
Current Liabilities: $1.98M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $26.14M
Shares: 21,183,000
Shares: 21,183,000
CapEx: -$165,000
Shares: 21,183,000
Stock Price: $1.30
Net Income: -$5.87M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 21, 2026 9:12pm (5d ago)| 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 | -$3.8M | -$5.0M |
| EPS | $-0.27 | $-0.08 | $-0.35 | $-0.21 | $-0.28 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 9:12pm (5d ago)| 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)
Last updated: Jun 21, 2026 9:12pm (5d ago)| 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)
Last updated: Jun 27, 2026 9:05am (1h ago)| 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
|
-$3.4M -$3.4M – -$3.4M
|
| 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 %)
Last updated: Jun 21, 2026 9:12pm (5d ago)| 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 | -33.9% | +16.0% | +37.2% | -32.2% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:05am (1h ago)All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Amlani Ajay K | P-Purchase | 9,826.00 | $1.42 | $13,953 |
| 2026-05-26 | Amlani Ajay K | P-Purchase | 5,163.00 | $1.23 | $6,350 |
| 2026-05-22 | Amlani Ajay K | P-Purchase | 3,000.00 | $1.26 | $3,780 |
| 2026-05-21 | Amlani Ajay K | P-Purchase | 2,600.00 | $1.23 | $3,198 |
| 2026-05-15 | Amlani Ajay K | P-Purchase | 10,140.00 | $1.25 | $12,675 |
| 2026-05-14 | Amlani Ajay K | P-Purchase | 734.00 | $1.21 | $888 |
| 2026-05-14 | STAFFORD JOHN S III | P-Purchase | 57,937.00 | $1.25 | $72,421 |
| 2026-05-13 | STAFFORD JOHN S III | P-Purchase | 22,475.00 | $1.25 | $28,094 |
| 2026-05-08 | Amlani Ajay K | P-Purchase | 9,480.00 | $1.30 | $12,324 |
| 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 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 9:12pm (5d ago)| 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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