Notable News to Focus: Aware (NASDAQ:AWRE)

Aware (NASDAQ:AWRE) stock observed trading -32.19% off 52-week high price. On the other end, the stock has been noted 30.20% away from low price over the last 52-weeks. The stock disclosed a move of -3.12% away from 50 day moving average and -11.60% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.68% off 20-day moving average. It has market cap of $56.52M.

On Oct. 27, 2020, Aware (NASDAQ:AWRE) a leading supplier of biometrics software products, solutions and services, disclosed financial results for the third quarter and nine months ended September 30, 2020.

Third Quarter 2020 and Recent Operational Highlights

  • Implemented a mobile fused face and voice biometric system via Knomi® to support the authentication of more than 100,000 offenders in the state of Arkansas.
  • Affirmed Knomi’s industry leadership by passing iBeta Presentation Attack Detection (PAD) testing levels 1 & 2 with perfect accuracy and tripling the number of Knomi customers.
  • Surpassed 10 million transactions protected by Knomi worldwide and released Knomi D version 2.7.3, an enhanced version of the on-device variant of Knomi.

Third Quarter 2020 Financial Results

Revenue for the third quarter of 2020 was $2.5 million, compared to $1.9 million in the second quarter of 2020 and $3.0 million in the same year-ago period. The 31% sequential increase in revenue was primarily due to higher software license revenue. The year-over-year decrease in revenue was primarily due to lower software license and services revenue associated with temporary delays caused by COVID-19.

Operating loss for the third quarter of 2020 was $2.5 million, compared to an operating loss of $3.7 million in the second quarter of 2020 and an operating loss of $1.2 million in the same year-ago period. The higher operating loss compared with the prior year period was primarily due to lower revenue and higher operating expenses, including investments in sales and engineering resources to drive growth in new product areas, higher personnel costs as well as expenses associated with COVID-19 remote working.

The USA based company Aware moved with change of 2.73% to $2.63 with the total traded volume of 10197 shares in recent session versus to an average volume of 21.99K shares. The stock was observed in the 5 days activity at -0.38%. The one month performance of stock was -4.71%. AWRE’s shares are at -13.77% for the quarter and driving a -4.71% return over the course of the past year and is now at -21.73% since this point in 2018.  Right now the stock beta is 0.06. The average volatility for the week and month was at 3.17% and 3.94% respectively. There are 21.47M shares outstanding and 12.71M shares are floated in market.

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