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Aware

AWRE
23
Software - Application · Technology
Price
$1.11
-0.04 (-3.48%)
Market Cap
$24.0M
Winston Score
23
Winston is worried
Weak fundamentals across most pillars.

Share count falling — buybacks

1.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 21.5M (2021) → 21.2M (2025)

Aware, Inc. is a small software company that helps organizations verify who people are using biometrics — things like fingerprints, faces, and voices. Its main products include identity verification software and biometric matching tools, sold to government agencies, banks, and law enforcement. The company is best known for its long history in fingerprint technology and biometric standards.

Aware makes money by selling software licenses and subscription-based services to its customers, which are mostly in the United States but include some international clients. It is a very small company with a market cap under $100 million, and its edge comes from deep technical expertise in biometrics built over decades. However, the company is currently losing money — its operating margin is deeply negative — so the key risk is whether it can grow revenue fast enough to cover its costs before it runs out of financial runway.

Winston Score History

Politician Trades

1 trades / 12mo

0 Congressional buys and 1 sell on AWRE in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-6.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-113.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$8M/ year

Rising (+7% vs prior year)

48.0% of revenue

3.2x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

45.5%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~5 months

$5M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Aware is putting 48% of revenue into R&D and that number is rising. That's 3.2x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
90.1%
Premium pricing power — 90.1% gross margin
Operating Margin
-107.8%
Losing money on operations — -107.8%
ROCE
-15.9%
Weak — -15.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+3.0%
Nearly flat sales (3.0% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-30.8%
Burning cash (-30.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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