Aware (AWRE)
NASDAQ:AWRE
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Aware
(NASDAQ:AWRE)
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Rating:45Neutral
Price Target:
$1.50
▼(-23.86% Downside)
Action:ReiteratedDate:04/30/26
The score is held down primarily by weak financial performance (volatile and sharply lower revenue, persistent losses, and ongoing cash burn). Technicals remain mixed with a broader downtrend despite a modest near-term rebound. Earnings-call commentary provides partial support via cost-cut actions and strategic platform focus backed by cash and no debt, but near-term variability and widening losses temper the outlook.
Positive Factors
Validated Technical Leadership
A demonstrated win in the DHS remote identity validation provides durable third‑party validation of core IP. That credibility shortens sales cycles with government and security‑sensitive enterprises, strengthens procurement positioning, and supports long‑term contract opportunities.
Negative Factors
Severely Volatile Revenue
A ~78% revenue drop in 2025 highlights highly volatile, contract‑driven top line dynamics. Durable growth depends on winning recurring enterprise/federal deals; until platform adoption stabilizes revenue patterns, forecasting, capacity planning, and margin leverage remain uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Validated Technical Leadership
A demonstrated win in the DHS remote identity validation provides durable third‑party validation of core IP. That credibility shortens sales cycles with government and security‑sensitive enterprises, strengthens procurement positioning, and supports long‑term contract opportunities.
Read all positive factors
Aware (AWRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.54M
Dividend YieldN/A
Average Volume (3M)38.12K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth-0.54%
EPS Growth-31.54%
CountryUS
Employees64
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.16
Shares Outstanding21,601,751
10 Day Avg. Volume24,199
30 Day Avg. Volume38,119
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)1.50
Price to Sales (P/S)2.27
P/FCF Ratio-7.04
Enterprise Value/Market Cap0.85
Enterprise Value/Revenue1.56
Enterprise Value/Gross Profit1.69
Enterprise Value/Ebitda-5.09
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Aware Business Overview & Revenue Model
Company Description
Aware, Inc. provides biometrics software products and solutions in the United States, Brazil, the United Kingdom, and internationally. It offers biometrics software products, including biometric search and matching software development kits (SDKs)...
How the Company Makes Money
Aware primarily makes money by selling and licensing its biometrics and identity software to customers that need to verify, authenticate, or manage identities. Key revenue streams generally include: (1) software license fees for its biometric matc...
Aware Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Neutral
The call balanced significant near-term financial challenges — modest revenue decline, materially higher operating expenses, widening net and EBITDA losses — with strategic positives: a clear pivot to a unified orchestration platform, strong DHS evaluation results, supportive market research, a $4M annualized cost reduction plan and a solid cash position (~$19.6M) with no debt. Management framed the actions as a deliberate multi-quarter transformation prioritizing longer-term scalability and market leadership in liveness and orchestration.Positive Updates
Platform-First Strategic Pivot
Company announced a deliberate shift to a single scalable "awareness" biometric orchestration platform, moving away from fragmented SDKs and legacy components to focus on enterprise and federal deployments.
Negative Updates
Revenue Decline
Revenue for Q1 FY'26 was $3.4 million versus $3.6 million year-ago, a decline of $0.2 million or approximately 5.6% YoY, driven by lower perpetual software license revenue.
Read all updates
Q1-2026 Updates
Positive
Negative
Platform-First Strategic Pivot
Company announced a deliberate shift to a single scalable "awareness" biometric orchestration platform, moving away from fragmented SDKs and legacy components to focus on enterprise and federal deployments.
Read all positive updates
Company Guidance
The company guided that near-term quarterly variability should be expected as it shifts to a single scalable “awareness” biometric orchestration platform, noting Q1 revenue of $3.4M (down from $3.6M YoY), operating expenses of $7.0M (vs. $5.5M), a one‑time $700k severance, net loss of $3.5M or $0.16 per diluted share (vs. $1.6M or $0.08), and an adjusted EBITDA loss of $3.2M (vs. $1.5M), while ending the quarter with ~$19.6M in cash and no debt; management said it removed approximately $4M of expenses and expects $4M of annualized savings beginning in Q2 2026, will downshift legacy investments, prioritize federal and cloud multi‑tenant enterprise opportunities, plans a broader platform rollout later this year with scale accelerating into the fall, and pointed to market data (98% of biometric users interested in orchestration; ~90% concerned about AI attacks) as underpinning its multi‑quarter focus on durable, long‑term growth rather than quarter‑to‑quarter optimization.Aware Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.29M | 17.39M | 18.24M | 16.01M | 16.85M |
| Gross Profit | 15.97M | 16.26M | 16.97M | 14.75M | 15.64M |
| EBITDA | -5.99M | -4.98M | -6.08M | -7.24M | -5.41M |
| Net Income | -5.87M | -4.43M | -7.31M | -1.73M | -5.82M |
Balance Sheet | |||||
| Total Assets | 37.20M | 42.64M | 46.30M | 51.19M | 48.37M |
| Cash, Cash Equivalents and Short-Term Investments | 22.30M | 27.81M | 30.91M | 28.98M | 29.96M |
| Total Debt | 3.97M | 4.24M | 4.47M | 4.52M | 0.00 |
| Total Liabilities | 11.06M | 11.75M | 12.00M | 10.98M | 6.85M |
| Stockholders Equity | 26.14M | 30.90M | 34.30M | 40.21M | 41.52M |
Cash Flow | |||||
| Free Cash Flow | -5.56M | -3.21M | 1.81M | -5.77M | -6.26M |
| Operating Cash Flow | -5.40M | -3.16M | 1.82M | -5.04M | -6.23M |
| Investing Cash Flow | -274.00K | 6.29M | -3.14M | -11.99M | -2.48M |
| Financing Cash Flow | -31.00K | -159.00K | -426.00K | -1.18M | 109.00K |
Aware Technical Analysis
Neutral
1.97
Price Trends
1.46
Negative
1.73
Negative
2.05
Negative
Market Momentum
-0.05
Negative
55.20
Neutral
61.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AWRE, the sentiment is Neutral. The current price of 1.97 is above the 20-day moving average (MA) of 1.25, above the 50-day MA of 1.46, and below the 200-day MA of 2.05, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 55.20 is Neutral, neither overbought nor oversold. The STOCH value of 61.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AWRE.
Aware Risk Analysis
Aware disclosed 24 risk factors in its most recent earnings report. Aware reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Aware Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $21.39M | 9.04 | 12.73% | 18.97% | -9.27% | -44.28% | |
63 Neutral | $161.51M | 102.57 | 6.77% | ― | 13.34% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $40.65M | 36.21 | 5.21% | ― | 12.45% | ― | |
45 Neutral | $31.54M | -6.67 | -21.18% | ― | -0.54% | -31.54% |
* Technology Sector Average
AWRE
Aware
1.46
-0.20
-12.05%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.