Aware CaptureSuite Software
Aware is embedded in several agencies. When are we going to see some sales growth? At least this goes a long way toward explaining where the $4-5M per quarter run rate is coming from.
Articles abound blaming the US State Dept for not properly vetting the woman shooter in the San Bernardino slaughter. I'm pretty sure that Aware is chest deep in this specific system both on the US side and the Saudi side.
It makes me sick that a person like that can slip through the cracks after the 10's of billions of dollars DHS spent on deterring them. Think of how many times you and yours had to remove your shoes to go through a TSA check point and they just welcomed this burka wearing POS into the country.
While most Americans recognize that the majority of Muslims aren't terrorists, it's obvious to everyone except the current administration that the vast majority of terrorists are Muslims. Every penny of our security and intelligence resources should be focused on finding the bad ones among that subset. Leave the rest of us alone for goodness sake. If that makes me a racist, so be it.
What was the administrations official response to this latest incident and the many before it? Blame the slaughter on the ability of law abiding Americans to arm themselves for their own self defense! I can't wait until this 8 year American nightmare is over is Jan 2017.
A little bit of 'study' will show that a lot of companies have a hand in biometrics. While Aware has had remarkable success with several critical Govt agencies none of it has translated into financial benefit to it's shareholders to date. That suggests that the industry is saturated with players and the technology is a commodity at this point..
When Bob LaPenta bought Viisage and used it to form L-1 Identity solutions, he set off a consolidation spree that seemed to end in 2010 when 3M bought a profitable Cogent and finally Safran buying L-1 itself. Since then I can't recall another instance of biometric consolidation of any significant amount. This concerns me.
Let's just start with your first example helpbash. You wrote... "Now if I go out and stock up on ammo for hunting I have no problem being investigated."
My personal feeling is that if you committed no crime because buying ammo is legal in your state it's no ones business other than your own. If the authorities want to know about such purchases they should pass a law giving them express permission to do so. US citizens including women and children that have committed no crimes have been murdered by US authorities in the past 25 years. Why? Because the authorities could not tolerate the dissident philosophies of their family members with the knowledge of a personal cache of weapons. I dare not even name the specific incidents on a public message board for fear of being flagged as a potential domestic terrorist but we all know them.
If I want to buy a legal product from a "gutter area" that you don't happen to approve of I don't want others dictating what neighborhood I should and shouldn't be living in. Nor do I want that information used to embarrass me or my family.
The helpbash sister loves to brag about how he reinvested his divis through DRIP's. What he fails to mention is that the cost of the shares, post all Divis, at the DRIP price was ~$5/share. We sit here today, post all divis, at $3/share. Is that really something to brag about?
Staffords control this company 100% and to them business is warfare. Their bankroll and connections are their weapons of mass destruction. We're along for the ride. We can only hope at this point that they have an exit plan from Aware that benefits minority shareholders to the same extent as them.
Sometimes I feel like a frog carrying a scorpion across the river.
Wishful thinking about the FBI contract Radio but I hope you're right. Fridays volume at the close was impressive but that was true of the market in general. It was the second highest trading volume of the year according to Bob Pisani. He attributed it to options expiration. I like yours better though. Nothing on the FOIA request yet. I suggest you file you're own as a backup.
Today's market cap at 3.00/sh = $68.1 Mil
Todays TTM calculation is 68.1 \ 3.027(TTM net income) = 22.85
Subtracting the $46.42 Mil from the market cap leaves $21.68 Million
Aware has no debt
Recalculating PE based on the ex-cash market cap is 21.68/3.027 = 7.16
If this company can put itself on even the slightest bit of a growth trajectory the stock price will respond. As it is, it is totally stagnant and under the radar. Just the way management seems to like it. I just don't get it.
Socks writes: " If you have nothing to hide you should welcome the scrutiny."
At the same time, all of us participating on this message board post anonymously. Why do we do that if we have nothing to hide? What, or rather, who do we fear?
I invest in Aware because I think it's a low risk vehicle to participate in the inevitable future widespread use of biometrics and I expect to make money one day. I do not support it's use for widespread surveillance of the public at large by people I do not trust. I do not want to give authorities the tools to blackmail political rivals or dissidents with embarrassing evidence. We are all human and none of us is beyond reproach.
Be careful what you wish for Socks.
Often used in risk arbitrage. Illegal holding of stock by a third party, or the financing of such a stock, in which the third party's sole reason for holding the stock is to conceal ownership or control of a raider, thus sidestepping the Williams Act requirements of 5% holding limits. See: Rule 13d.
How is this even legal. The SEC prosecuted John Mulheren for parking (hiding) securities belonging to Ivan Boesky in the late 80's over this exact activity.
According to the current info I would be number 15 on that list. If you put all the various Stafford entities together( Ronin, Susan Yang, DG, Dimensional, James, Punch, John S, Jr,) I would be number 8.
Department of State...1,742 workstations as of 8/11/2011
AWARE SOFTWARE MAINTENANCE ON 1,742 WORKSTATION LICENSES AND TWO SERVER LICENSES. MAINTENANCE TO INCLUDE SOFTWARE UPGRADES TO WSQ1000, SEQUENCECHECK, FASTCAPTURE ON WORKSTATIONS, NISTPACK ON SERVERS...
Variable Interest Entity (VIE) – Following 11 months and three subsequent Form 10 filings, Aware finally disclosed in its third quarter 2011 10-Q the existence of a patent arrangement executed in November 2010. This disclosure likely confirms shareholder speculation that the December 2010 transfer of Aware patents to Hybrid Audio, LLC involved Aware retaining an economic interest in the net proceeds of any ultimate monetization by Hybrid Audio.
While we applaud the incremental move toward greater disclosure, the 11-month period of silence and continued lack of substantive disclosure concerning the details or strategy surrounding the VIE are troublesome. Although the most recent 10-Q confirmed the existence of a VIE, there was little to no material disclosure concerning the economic terms or strategy surrounding its creation.
Logic indicates the VIE relates to Hybrid Audio given the timing of the VIE creation and the Hybrid Audio assignment. Assuming Hybrid Audio spawned the VIE, our diligence suggests further disclosure is justified. For starters, Hybrid Audio is managed by Daniel Carlineo of Technology, Patents & Licensing, Inc. (TPL). In trying to understand TPL’s business model, our conversations with industry participants indicate clients typically approach TPL for advisory or other services rather than TPL combing patent portfolios for valuable assets and then unilaterally approaching relevant patent owners with prospective business transactions. This suggests Aware played a role in soliciting TPL and structuring the Hybrid Audio transaction. If so, this sort of corporate patent monetization strategy is highly relevant to shareholders given that intellectual property (“IP”) is likely the largest component of Aware’s value...
From the 2014 10K:
Year ended December 31, 2013. We had $0.8 million of income from a patent arrangement and no gains on the sale of patent assets in 2013. Income from the patent arrangement is described below:
We entered into an arrangement with an unaffiliated third party in 2010 under which we assigned certain patents in return for royalties on proceeds from patent monetization efforts by the third party. Such third party has engaged in various patent monetization activities, including enforcement, litigation and licensing. The party reported and we recorded $0.8 million of income from this arrangement in the year ended December 31, 2013.
We continue to have a contractual relationship with this third party. However, we are unable to predict how much more income we might receive from this arrangement, if any, because:
● The claims in one of the patents we assigned were rejected by the United States Patent Office (“USPTO”) in May 2013. The
USPTO’s Patent Trial & Appeal Board (“PTAB”) affirmed the USPTO decision in June 2014. The PTAB decision was appealed
to the Federal Circuit. In December 2014, the Federal Circuit remanded the appeal back to the PTAB for further consideration.
● Notwithstanding the outcome at the PTAB, we do not know whether any patent monetization efforts by the third party will be successful
My comment...Hybrid Audio is the "unaffiliated third party" and that's where the $0.8 million came from
This tiny PO is part of this contract:
Aware Inc. $447,525 Contract Issued by U.S. Customs and Border Protection
Procurement ID: HSBP1015P00054
Signed Date: December 08, 2014
Ultimate Completion Date: December 30, 2016
Product or Service: ADP Software
See all Government Contracts
excellent work FD. There should be an update on the Q4 10Q. THe question is ....what will this mean to Aware revenue in terms of the Hybrid Audio settlement? Do you think they'll comment on that?