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 global leader in biometric identity solutions, specializing in AI-driven authentication technologies for government and commercial sectors. This page serves as a comprehensive resource for all official company announcements, financial updates, and strategic developments.
Key benefits for users: Track AWRE's innovations in fingerprint/face recognition systems, monitor regulatory compliance updates, and analyze market positioning through verified news sources. Content includes earnings reports, product launches, partnership announcements, and industry recognition.
News categories featured: Quarterly financial results, technology patents, government contract awards, cybersecurity advancements, and executive leadership changes. All content is sourced directly from company filings and accredited financial publications.
Bookmark this page for real-time updates on AWRE's role in shaping secure identity verification standards across border control, financial services, and enterprise security markets.
Aware, Inc. (NASDAQ: AWRE) announced the installation of its AwareABIS Automated Biometric Identification System in the Thomas County, GA sheriff’s office. This system enhances law enforcement's ability to identify wanted individuals, enabling quicker matches for ten-print and palm print searches. AwareABIS allows local identification within minutes, improving public safety. Its flexible modular architecture integrates smoothly with existing systems. Key features include comprehensive reporting, user-friendly interfaces, and easy addition of new biometric data types.
Aware, Inc. (NASDAQ: AWRE) reported a strong third quarter for 2021, achieving 69% year-over-year revenue growth to $4.2 million. This marks the fifth consecutive quarter of increased Knomi™ transactions, with 12 million transactions in Q3 alone, and a total of 31 million year-to-date. The firm’s revenue for the first nine months surpassed total fiscal year 2020 revenue at $12.9 million. However, net losses totaled $1.6 million in Q3, and $4.6 million for the nine-month period. Cash reserves decreased to $33.3 million as of September 30, 2021.
Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, announced its sponsorship of the Disruptive Innovation theme at Mobile World Congress Los Angeles from October 26-28, 2021. The company will showcase the role of biometric technology in secure mobile transactions, particularly in SIM card registration. Aware's VP of Sales and Marketing, Chris Koeneman, will discuss biometric technologies' potential to enhance mobile interactions. Live demonstrations of their Knomi authentication framework will occur at Booth 1735, highlighting frictionless and secure identity solutions.
Aware, a leader in biometrics software, will host a webcast on October 26, 2021, at 5:00 p.m. ET, to discuss its Q3 financial results for the period ending September 30, 2021. The results will be released prior to the webcast. Interested individuals can submit questions ahead of the call via email. The presentation will also be available for replay for 90 days following the event. Aware, traded under the symbol AWRE, provides biometric solutions to various industries, emphasizing liveness detection and multi-modal fusion technologies.
Aware, Inc. (NASDAQ: AWRE) will present at the Connect:ID conference in Washington, DC, on October 5-6, 2021. The company aims to highlight the significance of biometric and digital identity technologies in evolving access management solutions. Key executives, including CEO Bob Eckel, will lead discussions on trusted identity solutions, including a session on NIST SP 800-63 and a roundtable on remote identity proofing. Live demonstrations of Aware's Knomi mobile authentication framework will be held at Booth 313.
Aware, Inc. (AWRE) is participating in the Identity Week London 2021 conference on September 22-23, showcasing its expertise in digital identity and passwordless authentication solutions. Chief Commercial Officer Rob Mungovan will present on NIST digital identity guidelines and moderate a discussion on remote identity proofing trends. Aware emphasizes the growing role of biometric solutions in government and organizational digital identity services. The company will also showcase products like Knomi® and AwareABIS™ at Booth 390.
Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, announces participation in two virtual financial conferences in September 2021. The first event is the 10th Annual Gateway Conference on September 8, featuring a presentation at 11:30 a.m. Eastern time. The second is the Lake Street 5th Annual Best Ideas Growth Conference on September 14, which includes individual meetings. Aware specializes in biometric solutions for various industries, including healthcare and defense, focusing on identity security through advanced technologies.
Aware, Inc. (NASDAQ: AWRE) has announced that its mobile biometric authentication platform, Knomi, is configured for touchless applications, addressing a growing demand for secure authentication post Covid-19. The platform offers features like face and voice recognition, passive liveness detection, and supports various use cases in visitor management, border control, and venue access management. As businesses reopen, Knomi enables a secure, contactless means of authentication, aiming to instill confidence among users and reduce the risks associated with physical interactions.
Aware (NASDAQ: AWRE) showcased its AwareABIS and AFIX Tracker products at the IAI Educational Conference from August 2-4, 2021, in Nashville, TN. These biometric solutions cater to law enforcement, with AwareABIS handling up to 30 million identities and supporting fingerprint, face, and iris modalities. The AFIX Tracker is designed for smaller agencies, serving 15,000 to 1 million identities. Aware's products aim to meet the growing demand for biometric identification in law enforcement, with live demonstrations available during the event.
Aware, Inc. (NASDAQ: AWRE) announced a significant milestone in its Q2 2021 results, reporting revenue of $4.3 million, marking a 2.3-fold increase year-over-year. Transaction volume surged, exceeding 18 million in the first half of 2021 compared to 11 million in all of 2020. The integration of the AFIX product line has enhanced Aware's market position and created new revenue streams. Despite a net loss of $1.5 million for Q2, Aware reduced its adjusted EBITDA loss to $0.9 million, showcasing operational improvements. Cash reserves stood at $35.2 million, indicating a strong balance sheet.
