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Aware (AWRE) Earnings Call Presentation
2025-06-19 13:04
Company Overview - Aware, Inc is a global biometric identity platform company using data science, machine learning, and AI to address business and identity challenges[7] - The company has a 30-year legacy of innovation and market leadership in biometric technology[23] - Aware has a strong financial foundation for growth, focusing on recurring revenue and profitability[29] Market and Growth - The global biometric system market is projected to grow to $82.9 billion by 2027[11] - Aware experienced a 15% top-line revenue CAGR from 2020 to 2023[33] - The company achieved 20% ARR & Recurring Revenue Growth[33] Technology and Differentiation - Aware's technology combines liveness and authentication, multi-modal automated biometric identification system, integration-ready middleware, and biometric orchestration[35] - Aware is leading in preventing bias in biometric technologies, with competitors having 2X to 4X more bias in liveness detection and matching[41] - The company has ~80 U S & International Patents[36] Financial Highlights - Aware has $28.5 million in cash, cash equivalents & marketable securities with no debt[28] - The company maintains a >90% customer retention rate[26]