Aware, Inc.
AWRE · Price history
Price at last available close
$0.92
−$0.18 (-16.55%) 1M
2026-10-28
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Company & revenue
About Aware, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
Aware, Inc. operates a subscription-based business model, generating revenue by licensing its biometric software products and providing related services. The company sells its solutions globally through a multifaceted distribution strategy that includes systems integrators, original equipment manufacturers, value-added resellers, and direct sales to end-user customers.
Products & services
Biometric identity and authentication software solutions, including algorithms for fingerprint, facial, and iris recognition, designed for identity verification and security.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No customer represented 10% or more of total revenue in 2025. As of December 31, 2025, three customers combined represented 53% of net accounts receivable and unbilled receivables.
Suppliers, materials & equipment
- Cloud and infrastructure service providers — The company relies on third-party cloud hosting and infrastructure services to support its software delivery and operations.Source
Strengths
- Industry leadership in biometric technology with multiple independent validations and certificationsSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
22
Poor
Financial Strength
51
Business Quality / Moat
14
Management
0
Growth Quality
9
Risk / Durability
23
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •MAJOR RED FLAG: Reverse split proposed / authorized
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for AWRE
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving AWRE's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can AWRE fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does AWRE's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for AWRE to reach sustainable profitability?
- •What future growth or profitability would be needed to justify AWRE's current valuation?
Essential Investment Snapshot
Wall Street Score
25
Opportunity Score
37
Market Cap
$20.0M
P/E Ratio
-2.8
EPS
$-0.40
52-Week High
$2.84
52-Week Low
$1.02
Beta
1.00
Shares Outstanding
21.2M
Total Revenue
$16.4M
Total Debt
$3.8M
Dividend
No current dividend
Liquidation Value / Share
$0.97
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for AWRE
Detected from reported data — verify before acting.MAJOR RED FLAG: Reverse split proposed / authorized
A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
Supporting filingDividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on AWRE.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Industry leadership in biometric technology with multiple independent validations and certifications.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Software - Application industry.
- −Dependence on third-party distribution channels and partners.
- −Rapid technological changes and the need to maintain competitive biometric algorithms.
- −A recent SEC filing discusses authorization, approval, or a proposal for a reverse stock split. This is treated as a major distress/listing-risk signal and caps Wall Street Score below 30 while pending.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
25
Sep 9, 2026
Change
Unchanged
Current Score
25
Oct 1, 2026
Category Changes
AWRE score was unchanged.
Positive Contributors
- + Asset improved by 2 points
- + Capital improved by 2 points
Projected Score
Projected Score
26
Projected Change
+1.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.92
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $17.3M | $17.4M | $18.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $1.6M | $1.3M | $1.1M | $1.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $14.8M | $16.0M | $16.3M | $17.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $10.2M | $8.3M | $7.8M | $9.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $13.8M | $14.2M | $14.0M | $14.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $24.0M | $22.5M | $21.8M | $25.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$7.7M | -$5.0M | -$3.8M | -$6.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$9.1M | -$6.6M | -$5.5M | -$8.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$8.3M | -$5.6M | -$4.4M | -$7.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $233K | $257K | $53K | $59K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$8.5M | -$5.9M | -$4.4M | -$7.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.40 | $-0.28 | $-0.21 | $-0.35 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 21.62M | 21.18M | 21.14M | 21.01M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 21.62M | 21.18M | 21.14M | 21.01M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.12
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-7.3%
Cash Change
-60.8%
Margin Change
-33.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels. Pressure indicators included revenue growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 16.5%. EPS increased 44.8%. Cash declined 60.8%. Total debt declined 7.3%. Net income margin declined by 33.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · AWRE
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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