ImageWare corporate update highlights growth potential from partnerships

ImageWare Systems reported revenues of $1.1 million for Q3 2017 on Thursday, the same as in Q2 but a 28 percent year-over-year increase, driven by higher license revenues. A net loss of $2.4 million, or $0.03 per share, was unchanged from Q3 2016, but the company’s gross margin improved by 6 percent. The company also updated its corporate progress in a conference call. ImageWare Chairman and CEO Jim Miller said in the call the $11 million raised with the completion

ImageWare hosting corporate update conference call

ImageWare Systems will conduct a conference call on Thursday, November 9 at 5:00 p.m. ET to provide a corporate update for the third quarter ended September 30, 2017. The company will report its results in a press release prior to the call. ImageWare Chairman and CEO Jim Miller and CFO Wayne Wetherell will host the conference call, followed by a question and answer period. Earlier this month, ImageWare demonstrated its GoVerifyID Enterprise Suite for IBM Security Access Manager at the

ImageWare to demo GoVerifyID Enterprise Suite for IBM Security Access Manager at Money20/20

ImageWare Systems will demonstrate the GoVerifyID Enterprise Suite for IBM Security Access Manager at next week’s Money20/20 event in Las Vegas. Earlier this month ImageWare received IBM PartnerWorld’s ‘Ready for IBM Security Intelligence’ designation for its GoVerifyID Enterprise Suite. The solution has been validated to integrate with IBM Security Access Manager (ISAM). ISAM integration is the most recent addition to GoVerifyID Enterprise Suite, along with turnkey solutions for Microsoft Active Directory, and the Identity Management and Single Sign-On (SSO) products

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. On Tuesday Google held a showcase to introduce its latest hardware. The company hopes to create a space for its products in the burgeoning ‘home IoT’ sector. Among the devices is a tiny camera, the

ImageWare GoVerifyID suite receives IBM Security validation

ImageWare Systems, Inc. has received IBM PartnerWorld’s ‘Ready for IBM Security Intelligence’ designation for its GoVerifyID Enterprise Suite, allowing the company to integrate the suite with IBM Security products to help better protect its customers around the world. ImageWare’s GoVerifyID provides multi-modal biometric user authentication using mobile devices and Software-as-a-Service (SaaS). GoVerifyID, coupled with IBM’s flagship access management platform, IBM Security Access Manager (ISAM), allows users to use fingerprint, face, or voice recognition on their mobile device to authenticate for

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. What a weird couple of weeks. Stock markets continue to hit record highs. The Dow Jones Industrial Average, the MSCI All Country World Index and the S&P 500 all continue to arc into uncharted territory.

ImageWare Systems completes $11M registered direct offering

ImageWare Systems, Inc. has completed an $11 million registered direct offering to certain accredited investors after selling an aggregate of 11,000 shares of new Series A Preferred Stock at $1,000 per share. The company expects the total proceeds to be approximately $10.1 million after accounting for previously advanced cash that was converted into the transaction. ImageWare intends to use the proceeds for general corporate purposes such as marketing, sales and working capital. In addition, the company expects to consolidate $20.6

Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -In the months after the American election markets boomed as investors assumed a Republican administration would be good for Wall Street. Many thought he would cut taxes and promote business friendly policies. But now the

ImageWare Systems reports Q2 2017 revenues of $1.1M

ImageWare Systems, Inc. has issued financial results for Q2 2017, as well as a corporate update to highlight the company’s progress since its last quarterly update on May 10, 2017. The company’s total revenues in Q2 2017 were up 6 percent to $1.1 million compared to $1.0 million in Q2 2016. Meanwhile, gross margin in Q2 2017 increased 400 basis points to 76.4 percent from 72.4 percent in the year-ago quarter, which was primarily due to higher software licensing revenues.

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. -BIO-Key International is having a good spring and summer. The company announced this week it received orders from ten healthcare organizations for fingerprint readers. The orders come from hospitals, eye care centers, medical device manufacturers,