This is why many of us here are still long this stock.
Re-read Jean Marcs post from feb1, 20013
Yahoo won;t allow me to cut and paste it. BTW,,,Yahoo effed up these message boards since Marissa Mayer took over, I just don't get why she's been anointed such a genius by the financial press.
Correction to original Q3 discontinued operation expenses followed in an amended 8K-A
Aware has determined that there are additional costs and cash payments associated with the shutdown of its DSL Service Assurance business. Aware estimates that it will incur approximately $3.0 million of costs associated with its shutdown of its DSL Service Assurance business ... Aware recorded $2.8 million of those costs in “Exit costs” in the consolidated statements of comprehensive income for the three months ended September 30, 2013 as set forth in Aware’s Form 10-Q filed on October 29, 2013.
The remaining $165,000 of costs represents employee severance and retention bonuses for employees who have been retained to support customers through December 31, 2013. Aware intends to charge those costs to expense in the three months ended December 31, 2013, if earned by employees.
I guess my point to this new subject is that if AWRE can manage any decent incremental revenue with a decent margin in the bio business in Q4, the sequential comparison to last Q's #$%$ sandwich should be quite favorable. We did find out in the 10Q that there was a DOD hardware order placed for ~$4M.
It may explain why the stock price didn't collapse.
Financial results for the three and nine month periods ended September 30, 2013 were materially affected by the Company's decision to shut down its DSL service assurance business. This decision limited our ability to record revenue from our DSL service assurance business in the quarter. We also incurred $2.8 million of costs to shutdown the business. Notwithstanding the impact on the quarter and year-to-date periods, we believe this action was necessary in light of the lack of historical profitability and the future outlook for this business.
Revenue 4.47M 4.85M 5.62M
Cost of Revenue 494,000.00 1.17M 221,000.00
Gross Operating Profit 4.09M 3.79M 5.51M
Selling, General, and Administrative Expenses 1.85M 1.90M 1.83M
Research & Development 1.45M 1.50M 1.56M
Operating Income before D & A (EBITDA) 782,000.00 398,000.00 2.12M
Depreciation & Amortization 111,000.00 115,000.00 112,000.00
Interest Income 80,000.00 78,000.00 82,000.00
Other Income - Net -2.80M 0.00 780,000.00
Special Income / Charges 0.00 0.00 0.00
Total Income Before Interest Expenses (EBIT) -2.05M 361,000.00 2.87M
Interest Expense 0.00 0.00 0.00
Pre-Tax Income -2.05M 361,000.00 2.87M
Income Taxes -901,000.00 54,000.00 1.02M
Minority Interest 0.00 0.00 0.00
Net Income From Continuing Operations -1.15M 307,000.00 1.86M
Net Income From Discontinued Operations 0.00 0.00 0.00
Net Income From Total Operations -1.15M 307,000.00 1.86M
Jeez, I thought I was they only one left holding this stock. Yours was the first post since June!
OSIS really getting monkey hammered today.
As a percentage of my portfolios? Far, far too much. I'm breaking every rule in the book.
If things go right for us here, I'm a hero to my fiduciaries. If they go wrong, I'm a goat of epic proportions. Management has given me zero reason for confidence or optimism since the Intel sale. Product deployment PR's like the last two with no sales attached or company guidance makes me worry more, not less.
The next catalyst on my radar are the insiders Sch13 filings. Lets hope they're not the 5.90 sellers.
This Hajj thing sounds similar in nature to being an long time Aware shareholder. With so little info to go on other than faith, why not sacrifice an animal or two and stone the devil?
I'll have to attend the next ASM to check how many actually shave their head.
Selective disclosure from a management that controls more than 50% of the votes. That's the only thing keeping me long at this point.
OH THE HUMANITY! 323K shares need to be covered only a day before this earth shattering SA contract news hits.
Just look at the panicked shorts rushing in to cover their folly./sarc
And while we discuss this bio nonsense, we're not focusing on the real value of the company. That is AWRE's IP that managed to slip out the back door without any explanation of who to, and for how much?
I'm done discussing bio until we find that out.
No one is denying Aware's involvement. The Lockheed contract which consisted of scanning existing FP's found on legacy booking cards in FBI file cabs and typing the attached textual data into a searchable digital template form is hardly my idea of cutting edge, high margin business. That was proven in the #$%$ earnings numbers.
What we are denying is the monetary value of this involvement. Without that, who gives a flying fork?
BTW, nice smoke screen but you still haven't shown me the filing disclosing ."key segmentation algorithms used in Aware’s SequenceCheck SDK – core algorithms of the Next Generation Identification system."
Why don't you just admit that your idea of due diligence is reading the exaggerations posted on someones LinkedIn profile.
Posting undisclosed material info on public social networking site is a SEC violation. If not true, show me the AWRE filing that discloses this?..."key segmentation algorithms used in Aware’s SequenceCheck SDK – core algorithms of the Next Generation Identification system."
The only face I'd like to see identified right now is yours savedoneamen. As of this minute, bio has been a total bust financially. If it is so valuable, why hasn't someone stepped up to buy it?
I'm going weary of all the secrecy.
BTW, I don't think the legal folks at Aware are going to be very pleased with 'that fellows' LinkedIn profile.
No guarantee AWRE inside.
65--Handheld Mobile Biometric Capture Device, to include:
Solicitation Number: 20076374
Agency: Department of Homeland Security
Office: Customs and Border Protection
Location: Procurement Directorate - DC
So let me see if I got this straight about this ...5989 patent.
1. It belongs to accenture.
2. Aware licenses it to use in some of it's products.
3. Socks/Toobad/Helpbash cannot provide proof of any path to significant revenue for Aware shareholders using these products.
4. Meanwhile, Aware assigns it's own patents to unknown entities, for unknown value, we complain about it and we're the cranks on this board.