Company Analysis

Aware, Inc. AWRE

A comprehensive view of key metrics, scores, and financial health for Aware, Inc.

Overview of Aware, Inc.

AWRE NGM

Technology Software - Application Framework: Software & SaaS Micro Cap

Aware, Inc. (AWRE), is a Micro Cap company, in the Software - Application industry, last closed at $1.16, about 133.6% undervalued vs fair value, -59.7% 1Y return, ranked 488/780 in sector.

Metrics Rev Growth -0.5% ROE -20.6% Gross Margin 92.4%

USD 1.16

-5.69%

(Delayed)

• Vol 90d: 80.2%

52-Week Range

Low

1.09

Now 1.16

High

2.94

Market Cap

$29.90M

Enterprise Value

$29.21M

Overall Score

View breakdown

Overall

Growth

Weak

Profitability

Weak

Health

Fair

Efficiency

Fair

Valuation

Weak

Growth

Weak

Profitability

Weak

Health

Fair

Efficiency

Fair

Valuation

Weak

Completeness: 100%

Confidence: 60%

Updated: Sep 12

Top Beats

No strong beats yet

Quick Facts

Website https://www.aware.com

HQ Burlington, MA

Employees 64

Fiscal year Dec 31

Next Events

Earnings Oct 28 Estimated

Fair Value Snapshot

Bear Base Bull

Current: $1.16 +134% vs base

Engine Room Money Flow™

Micro Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps

Total Revenue

$17.3M

-0.6%%

Gross Profit

$16.0M

-3.5%%

Operating Income (GAAP)

$-6.6M

-18.3%%

Operating Cash Flow

$-5.4M

-70.8%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Software & SaaS

Data Quality Notes

Note: 'Free Cash Flow' here is GAAP FCF (Operating Cash Flow − CapEx). Many software companies report an adjusted FCF that also adds back SBC; the Rule of 40 and FCF Margin shown use GAAP FCF, which is the more conservative and investor-relevant figure.
Rule of 40 score is -32.7 — below the 40-point benchmark. The company is not yet balancing growth and profitability at the level typically expected by institutional SaaS investors.

Quality & Reliability Indicators

Gross Margin

92.3%

Excellent

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$115.0K

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

0/1

Improving

High Impact

Critical

Debt Burden

Current: >50 years

Allocation Leak

Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

Returns Hold Over Time Return durability is healthy (score 0.82), indicating durable capital efficiency.
Flexible Liquidity Position Liquidity position is healthy (score 0.82), supporting balance sheet resilience.

Key risks

Weak Product Reinvestment R&D commitment lags peers (score 0.18), weakening the innovation moat.
Weak Cash Conversion Cash conversion is weak (score 0.21), limiting evidence of scalable cash generation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate

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Recurring Revenue Stickiness

Developing

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Innovation Engine

Weak

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Cash Scalability

Developing

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Capital Efficiency

Developing

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Balance Sheet Resilience

Moderate

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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 90% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

31th percentile vs peers

Key Signals

Rev Growth YoY -0.5% 25p Revenue CAGR 3Y 2.6% 33p Def Rev Growth -0.9% 32p Buyback % 1.7% 50p EPS Growth YoY -32.3% 24p

Strengths

Gross Profit Margin in top 20% of peers (92.3%, 96th percentile)
Current Ratio in top 20% of peers (3.77, 82th percentile)
Strong liquidity position vs peers

Risks

No significant risks identified for this axis.

Profitability

40th percentile vs peers

Key Signals

Strengths

Risks

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Safety

49th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Aware, Inc..

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$2.71

- - -

+133.6% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Aware, Inc. AWRE

Overview of Aware, Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Gross Margin

Locked Metric

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Locked Metric

Locked Metric

Locked Metric

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Debt Burden

Key strengths

Key risks

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Pricing Power

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Recurring Revenue Stickiness

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Innovation Engine

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Cash Scalability

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Capital Efficiency

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Balance Sheet Resilience

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Growth

Profitability

Safety

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