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Aware Inc - AWRE STOCK NEWS

Welcome to our dedicated page for Aware news (Ticker: AWRE), a resource for investors and traders seeking the latest updates and insights on Aware stock.

Aware Inc. (NASDAQ: AWRE) is a globally recognized leader in the field of biometrics, offering advanced software products, services, and solutions. Headquartered in Bedford, Massachusetts, Aware specializes in innovative technologies that include fingerprint, face, and iris recognition. Their offerings span a broad array of applications, from border management and law enforcement to banking and user authentication for financial transactions.

Founded in 1993, Aware made its mark by aiding the FBI in developing and optimizing the WSQ fingerprint image compression algorithm, crucial for large-scale fingerprint identification systems. Today, they continue to lead with products such as biometric SDKs, user interface applications for biometric enrollment, forensic analysis tools, and automated biometric identification systems (ABIS).

In recent news, Aware has been integrating its Knomi® mobile biometric authentication framework into PeopleCert's KYC identity verification processes, enhancing security in online proctored exams. Additionally, they have appointed AJ Naddell as Chief Product Officer to further drive product-market fit and capitalize on the growing multi-factor authentication market.

Despite challenges such as a write-down related to their investment in Omlis Limited, Aware remains financially robust, with $31 million in cash equivalents and a growing base of annual recurring revenue. Aware's commitment to innovation and secure, ethical use of biometric technology has ensured its place as a trusted provider in both government and commercial sectors.

Aware will also be showcasing its capabilities at Identity Week Europe 2024, addressing the rising threat of biometric deepfakes. The newly appointed Chief Product Officer, Heidi Hunter, will be leading discussions on preventing deepfake fraud, reflecting Aware's ongoing commitment to secure identity management solutions.

News

Aware Sets Fourth Quarter and Full Year 2023 Webcast for Tuesday, March 12, 2024 at 5:00 p.m. Eastern Time

Rhea-AI Summary
Aware, Inc. (AWRE) will hold a webcast on March 12, 2024, to discuss its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company uses biometrics, data science, machine learning, and AI to address business and identity challenges. Interested parties can submit questions in advance and access the presentation for replay on the company's website.
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Aware Adds Product Strategy Innovator to Executive Team to Further Align Biometric Platform and Vision with Market Growth

Rhea-AI Summary
Aware, Inc. (NASDAQ: AWRE) appoints AJ Naddell as Chief Product Officer to advance the company’s product-market-fit and capitalize on the $15.2 billion multi-factor authentication market. Naddell brings over 10 years of leadership experience and aims to drive revenue growth and predictability by integrating product strategy and optimizing the user experience. His role will focus on aligning product strategy with overall business objectives, overseeing the entire product development lifecycle, and conducting thorough market research to identify emerging trends, customer preferences, and competitive landscapes.
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PeopleCert chooses Aware's Knomi® to Prevent Proxy Testing

Rhea-AI Summary
PeopleCert (PCT) integrates Aware, Inc.'s Knomi® solution to prevent fraudulent test-taking and enhance security in its language certification exams. The biometric authentication framework is part of PeopleCert's Know Your Customer (KYC) identity verification process, aimed at eliminating fraud and ensuring test validity. With millions of exams delivered annually in over 200 countries and territories, PeopleCert's use of biometrics is crucial to maintaining the integrity and credibility of its high-stakes certification tests.
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Unlocking the Future: Aware Partners with Avanza Solutions to Extend World Class Biometric Authentication Across Middle East, Asia and Africa

Rhea-AI Summary
Aware, Inc. (NASDAQ: AWRE) and Avanza Solutions Collaborate to Bring Biometric Authentication Integration to Financial Services in the Middle East, Asia, and Africa
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Aware and Serban Group Team Up To Create Biometric Authentication Powerhouse Serving Latin American and European Markets

Rhea-AI Summary
Aware, Inc. (NASDAQ: AWRE) has announced a partnership with Serban Group to deliver advanced biometric authentication solutions to financial services firms, governments, and commercial enterprises in Latin America (LATAM) and Europe. This collaboration aims to leverage Aware's industry-leading biometric solutions to improve security, fight fraud, and streamline operations in these high-growth regional markets.
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Aware® Reports Third Quarter and Nine Month 2023 Financial Results

Rhea-AI Summary
Aware, Inc. (NASDAQ: AWRE) reported financial results for Q3 2023. Total revenue increased 112% to $6.4 million compared to Q3 2022. Operating cashflow was $2.5 million, the highest since Q4 2018. Net income was $1.1 million. The company reiterates its full-year guidance for total revenue and annual recurring revenue (ARR) growth of 15% and to exit the year with neutral operating cashflow.
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Aware and PeopleCert Align to Prevent Proxy Testing

Rhea-AI Summary
Aware Inc. and PeopleCert have partnered to address the issue of fraudulent test-taking by incorporating biometric authorization. Aware's Knomi® solution enhances the security and credibility of certification procedures, resolving the challenge faced by many institutions. Biometric authentication prevents proxy testing and ensures the validity of exams. PeopleCert has integrated Knomi as part of their eKYC identity verification process for online exams and certifications.
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Aware Sets Third Quarter 2023 Webcast for Wednesday, November 1, 2023 at 5:00 p.m. Eastern Time

Rhea-AI Summary
Aware, Inc. to hold webcast to discuss financial results for Q3 2023
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Aware Named “Catalyst” and Role Model in New Biometrics Digital Identity Market Report

Rhea-AI Summary
Aware, Inc. named an industry 'Catalyst' in a new biometrics market report
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Aware Ranks Top Performer in NIST Face Analysis Technology Evaluation (FATE) Benchmarking Test While Optimizing Demographic Parity

Rhea-AI Summary
Aware's facial presentation attack detection algorithms ranked first in the NIST Face Analysis Technology Evaluation (FATE) test, solidifying its position as a leader in the industry.
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FAQ

What is the current stock price of Aware (AWRE)?

The current stock price of Aware (AWRE) is $1.5 as of November 22, 2024.

What is the market cap of Aware (AWRE)?

The market cap of Aware (AWRE) is approximately 32.0M.

What does Aware Inc. specialize in?

Aware Inc. specializes in biometrics software products, services, and solutions, including fingerprint, face, and iris recognition technologies.

Where is Aware Inc. headquartered?

Aware Inc. is headquartered in Bedford, Massachusetts, USA.

What are some recent achievements of Aware Inc.?

Recent achievements include integrating the Knomi® biometric authentication framework into PeopleCert's KYC processes and appointing AJ Naddell as Chief Product Officer to drive product-market fit.

What sectors does Aware Inc. serve?

Aware serves various sectors including government (border management, law enforcement), commercial (banking, financial transactions), and user authentication for mobile devices and networks.

When was Aware Inc. founded?

Aware Inc. was founded in 1993.

What is Aware Inc.'s recent financial performance?

In 2023, Aware reported $18.2 million in revenue and $11.0 million in recurring revenue, demonstrating a strong financial foundation with $31 million in cash equivalents.

What are Aware Inc.'s future growth plans?

Aware plans to focus on expanding its product-market fit, increasing partnerships and customer relationships, and enhancing its biometric identity platform capabilities.

How is Aware Inc. addressing biometric deepfakes?

Aware is actively addressing the threat of biometric deepfakes and will be discussing prevention strategies at Identity Week Europe 2024.

Who are some key executives at Aware Inc.?

Key executives include Robert Eckel, CEO and President, and AJ Naddell, Chief Product Officer.

What is Aware Inc.'s ticker symbol and where is it traded?

Aware Inc.'s ticker symbol is AWRE, and it is traded on the NASDAQ stock exchange.

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Aware Inc

Nasdaq:AWRE

AWRE Rankings

#5097 Ranked by Market Cap
N/A Ranked by Dividends

AWRE Stock Data

32.02M
12.44M
41.32%
21.54%
0.19%
Software - Application
Services-prepackaged Software
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United States of America
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