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Company Overview Aware, Inc. ( Aware , we , us , our , or the Company ) is a leading, biometric identification company that validates and secures identities using proven and trusted biometrics. Aware s software offerings address the growing challenges that government and commercial enterprises face in knowing, authenticating and securing individuals through frictionless and highly secure user e…
The business is unprofitable at the operating level (-37.92% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.6% YoY. Margins deteriorated 6.0pp alongside, both lines moving the wrong way.
ROIC dropped from -11.85% to -15.88%, capital efficiency is deteriorating. Negative free cash flow of -$6M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$17M
▼ -0.6% YoY
Net Income (TTM)
-$8M
▼ -32.5% YoY
Op. Margin
-48.94%
▼ -6.0pp YoY
ROIC
-21.94%
▼ -4.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$5M
▼ -73.5% YoY
Op. Cash Flow (TTM)
-$5M
▼ -70.8% YoY
Net Debt
-$685K
Net Cash Position
Cash & Equiv.
$5M
5Y CAGR: +8.9%
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