June 20, 2014 -
The Street reported that Aware’s strengths are in “revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in stock price during the past year and expanding profit margins.”
Despite the increase in stock price, Aware has seen a 5.9% year dip in the growth in earnings per share compared to the same period last year, to date.
The revenue growth came in higher than the industry average of 7.5%. Since the same quarter one year prior, revenues rose by 32.9%. This growth in revenue does not appear to have trickled down to the company’s bottom line, displayed by a decline in earnings per share.
Aware does not have any debt resulting in a debt-to-equity ratio of zero, along with a quick ratio of 28.28, which shows its ability to cover short-term cash needs.
Meanwhile, net operating cash flow has seen a significant spike of 87.28% to $1.21 million over the same quarter last year, and has also surpassed the industry average cash flow growth rate of 10.43%.
The company’s stock is up compared to 12 months ago, while its gross profit margin is currently at 66.25%, which is slightly down from the same period last year. Aware ‘s net profit margin of 13.29% is significantly lower than the industry average.
Aware, which has a market cap of $129 million, develops and sells software and services to the biometrics industry. Its products are used in government and commercial biometrics systems.
Reported previously in BiometricUpdate.com, Aware released its financial results for the first quarter of 2014, which ended March 31.