AWRE | Market Cap: $28.1M (07/13/26)
Industry:
Software

DESCRIPTION

Aware is a small U.S.-based biometric identity software company that helps government agencies and commercial enterprises verify identities using biometric data — fingerprints, faces, irises, and voices. Aware's products cover two core use cases: large-scale biometric identification and deduplication (checking a person against a database of millions of records), and real-time authentication and liveness verification (confirming a person is real and present, not a deepfake or spoofed image). The flagship government product is AwareABIS, used for border control, national ID programs, and law enforcement. The core commercial product is AwareSDK, which enables mobile and web-based biometric authentication and fraud prevention, with a growing SaaS version priced on a usage or transaction basis. Aware also sells component software — SDKs, APIs, and matching algorithms — to systems integrators and developers building their own biometric applications. Customers include U.S. federal agencies (notably DHS and DoD), international governments, and commercial enterprises in financial services, travel, and workforce management. Aware sells through direct sales, systems integrators, and resellers. Revenue comes from perpetual licenses, term licenses, software maintenance, SaaS, and project-based services. Recurring revenue (maintenance, subscriptions, and SaaS) made up roughly 69% of FY24 revenue, though large government license deals create meaningful quarter-to-quarter variability. Aware has roughly 80 employees, runs at an adjusted EBITDA loss, and ended FY25 with approximately $22M in cash and no debt.

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