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Aware Inc (AWRE)



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Upturn Advisory Summary
08/28/2025: AWRE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $3
1 Year Target Price $3
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 10.99% | Avg. Invested days 40 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 47.53M USD | Price to earnings Ratio - | 1Y Target Price 3 |
Price to earnings Ratio - | 1Y Target Price 3 | ||
Volume (30-day avg) 1 | Beta 0.79 | 52 Weeks Range 1.35 - 2.65 | Updated Date 08/28/2025 |
52 Weeks Range 1.35 - 2.65 | Updated Date 08/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-30 | When - | Estimate - | Actual -0.08 |
Profitability
Profit Margin -35.47% | Operating Margin (TTM) -50.35% |
Management Effectiveness
Return on Assets (TTM) -10.38% | Return on Equity (TTM) -18.89% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 27963744 | Price to Sales(TTM) 2.94 |
Enterprise Value 27963744 | Price to Sales(TTM) 2.94 | ||
Enterprise Value to Revenue 1.73 | Enterprise Value to EBITDA -4.21 | Shares Outstanding 21314200 | Shares Floating 11966664 |
Shares Outstanding 21314200 | Shares Floating 11966664 | ||
Percent Insiders 44.27 | Percent Institutions 19.97 |
Upturn AI SWOT
Aware Inc

Company Overview
History and Background
Aware, Inc. was founded in 1992 and is based in Bedford, Massachusetts. It specializes in biometric authentication software products and solutions.
Core Business Areas
- Biometric Software: Provides software development kits (SDKs), mobile biometric authentication products, and specialized biometric solutions, including Knomi (mobile authentication), AFIX (biometric search and matching), and BioComponents (core biometric libraries).
Leadership and Structure
Robert A. Eckel is the CEO. Aware operates with a functional organizational structure with departments focused on engineering, sales, marketing, and finance.
Top Products and Market Share
Key Offerings
- Knomi: Knomi is a mobile biometric authentication framework designed to secure access to applications and services. The product is often deployed in banking and financial services for secure access to banking applications. Market share is estimated at <5% of the overall mobile biometric authentication market. Key competitors include Daon and IDEMIA.
- AFIX: AFIX is a multimodal biometric identification system (MBIS) often used in law enforcement. Market share data for AFIX is not readily available. Key competitors include NEC, Thales, and IDEMIA.
- BioComponents: A core set of tools and algorithms which enable the creation of other biometric solutions. Revenue is typically related to licensing and usage fees. Market share data for BioComponents is not readily available. Competitors include Neurotechnology and Innovatrics.
Market Dynamics
Industry Overview
The biometrics market is growing due to increased security concerns and demand for convenient authentication methods. Key drivers include government regulations, mobile banking adoption, and the need to combat identity theft.
Positioning
Aware Inc. focuses on providing biometric software solutions for various applications, differentiating itself through specialized offerings and integration capabilities.
Total Addressable Market (TAM)
The global biometrics market is expected to reach hundreds of billions of USD within the next several years. Aware Inc. is positioned to capture a portion of this TAM through its niche biometric solutions, addressing primarily law enforcement, banking and critical infrastructure, among others.
Upturn SWOT Analysis
Strengths
- Specialized biometric software solutions
- Experienced management team
- Strong focus on innovation
- Established partnerships with key integrators
Weaknesses
- Limited market share compared to larger competitors
- Dependence on specific market segments
- Relatively small size limits resources for marketing and sales
- Reliance on relatively few high-dollar contracts can cause revenue variability
Opportunities
- Growing demand for biometric authentication
- Expansion into new geographic markets
- Partnerships and integrations with other technology providers
- Development of new biometric modalities
Threats
- Intense competition from larger, well-funded companies
- Rapid technological changes in the biometric field
- Security breaches and privacy concerns related to biometric data
- Economic downturns impacting customer budgets
Competitors and Market Share
Key Competitors
- IDEMIA (Not a US publicly traded company)
- Thales Group (Not a US publicly traded company)
- NEC Corporation (6701.T)
- Daon (Private Company)
Competitive Landscape
Aware is a smaller player competing with larger, more established companies. It focuses on specific niches to differentiate itself. Its innovation and partnerships will be critical to its ability to maintain its competitive position.
Growth Trajectory and Initiatives
Historical Growth: Past growth trends can be analyzed from financial statements found in SEC filings.
Future Projections: Analyst estimates for future growth are available from financial news and analysis services.
Recent Initiatives: Recent strategic initiatives can be found in press releases and investor presentations.
Summary
Aware Inc. is a niche player in the biometric authentication market, demonstrating innovation in specialized software solutions. Though its position is strong, its reliance on relatively few high-dollar contracts can cause revenue variability. Success hinges on navigating intense competition from larger entities and effectively addressing privacy concerns. Aware must continue to focus on innovation and strategic partnerships to grow its market share in the future.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Aware, Inc. Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Reports
- Analyst Reports
- Company Press Releases
Disclaimers:
This analysis is based on publicly available information and analyst estimates. The data is subject to change and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Aware Inc
Exchange NASDAQ | Headquaters Burlington, MA, United States | ||
IPO Launch date 1996-08-09 | CEO, President & Director Mr. Ajay K. Amlani | ||
Sector Technology | Industry Software - Application | Full time employees 64 | Website https://www.aware.com |
Full time employees 64 | Website https://www.aware.com |
Aware, Inc., a biometric identity platform company, provides biometrics software products and services for government agencies and commercial entities in the United States, the United Kingdom, and internationally. The company offers biometric software solution, including Knomi, a mobile biometric authentication framework which provides multiple biometric modality options; AwareABIS, an automated biometric identification system used for large-scale biometric identification and deduplication; AFIX suite used for small-scale law enforcement focused biometric identification; and AFIX Tracker for fingerprint, palmprint, and latent print identification, as well as AFIX Face, AFIX Verifier, AFIX Identifier, AFIX Comparator, AFIX Engine, and AFIX NIST Transaction Engine. It also provides BioSP, a biometric integration platform-as-a-service that enables biometric data processing and management functionality in a web services architecture; WebEnroll, a browser-based biometric enrollment and data management solution; and AwareID, a software-as-a-service that provides identity verification and continuous authentication capabilities. In addition, the company offers biometrics applications, such as Nexa line, a biometric search and match SDKs including Nexa Fingerprint, Nexa Face, Nexa Iris, and Nexa Voice; and AwareXM, an interoperable fingerprint matching SDK that provides fingerprint minutiae extraction, template generation, and fingerprint authentication. Further, it sells imaging products used in medical and advanced imaging applications; and offers software maintenance, program management, and software engineering services. The company sells its products and services through systems integrators, original equipment manufacturers (OEMs), value added resellers, partners, and directly to select end user customers. Aware, Inc. was incorporated in 1986 and is headquartered in Burlington, Massachusetts.

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