Aware, Inc. (AWRE) Stock

Aware, Inc. (AWRE) is a Technology stock trading at $1.21 (as of 2026-08-20), with a market capitalization of $26.39M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Aware, Inc. develops biometrics software, including biometric search and matching SDKs, enrollment SDKs/APIs, and products for biometric authentication and identification, such as face/voice analysis for liveness and document validation. It also provides related imaging software and maintenance services for medical and advanced imaging uses.

Understand Aware, Inc.: how it makes money

Aware, Inc. provides biometrics software products and solutions (such as biometric search and matching SDKs, enrollment SDKs and APIs, and a mobile biometric authentication framework), plus imaging software and software maintenance services, generating revenue from software licensing, maintenance and subscriptions, and services.

The profit model is driven by recurring biometrics software monetization (captured by Annual Recurring Revenue and recurring maintenance and subscription revenue), supported by one-time software license and services revenue.

Revenue by segment (latest quarter)
Software Licenses$0.0B
Maintenance & Subscriptions$0.0B
Services & Other$0.0B

Business quality (Weak): The company reports very limited revenue in the latest period, with a high gross margin but a deeply negative operating margin. The operating story appears to center on recurring software and maintenance revenue, but near-term results are volatile given the small scale.

Bull case

  • Recurring revenue focus: Annual Recurring Revenue is tracked, and the business includes software maintenance and subscriptions, which can support steadier cash flow than purely one-time license sales.
  • Partner ecosystem: The company tracks Active Partners in the Partner Network (65.0), suggesting distribution and integration opportunities beyond direct sales.

Bear case

  • Small reported revenue base: Reported revenue was 0.0B for the latest quarter (period 2026-03-31), which increases sensitivity to timing and contract conversion.
  • Operating losses: Operating margin was -107.8% in the latest period, indicating costs and expenses outweigh gross profit at the current revenue level.
Valuation — source: SEC EDGAR (first-party)
Price$1.21
Market Cap$26.39M
Price / Book1.28
Price / Sales1.74
FCF Yield-65.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.29M
Net Margin-34.0%
Revenue Growth (YoY)-0.6%
EPS Growth (YoY)33.3%
FCF Growth (YoY)73.5%
Financial Health — source: SEC EDGAR
Altman Z-Score-0.88 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.56M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOAjay K. Amlani
Employees64
CountryUS
IPO Date1996-08-09

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AWRE earnings history · AWRE institutional & insider holders · AWRE KPIs & operating metrics · AWRE financials · AWRE investor presentations & press releases · AWRE SEC filings · AWRE peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.