aware inc/mass (AWRE:NASDAQ GM)
aware inc/mass (AWRE) Key Developments
Aware, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company’s total revenue was $5,616,000 against $4,904,000 a year ago. Income from continuing operations before income tax was $2,874,000 against $1,126,000 a year ago. Income from continuing operations was $1,857,000 against $1,124,000 a year ago. Net income was $1,857,000 against $1,118,000 a year ago. Basic and diluted net income per share from continuing operations was $0.08 against $0.05 a year ago. Basic and diluted net income per share was $0.08 against $0.05 a year ago. Operating income before patent related income was $2.0 million compared to $1.0 million in the first quarter of 2012. Operating income after patent related income was $2.8 million compared to $1.0 million in the first quarter of 2012.
Aware, Inc., Annual General Meeting, May 22, 2013., at 10:00 US Eastern Standard Time. Location: Doubletree by Hilton Boston/Bedford Glen. Agenda: To consider and vote upon the election of two Class II directors; to conduct an advisory vote to approve named executive officer compensation; and to transact such other business as may properly come before the annual meeting or any adjournment thereof.
Aware Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total revenue of $5,659,000 against $5,182,000 a year ago. Operating income before patent related income was $1,680,000 against $1,226,000 a year ago. Operating income after patent related income was $2,801,000 against $1,226,000 a year ago. Income from continuing operations was $5,954,000 or $0.26 per diluted share against $1,261,000 or $0.06 per diluted share a year ago. Net income was $5,966,000 or $0.26 per diluted share against $959,000 or $0.05 per diluted share a year ago. For the full year, the company reported total revenue of $19,900,000 against $19,521,000 a year ago. Operating income before patent related income was $4,293,000 against $3,312,000 a year ago. Operating income after patent related income was $91,808,000 against $3,312,000 a year ago. Income from continuing operations was $71,934,000 or $3.26 per diluted share against $3,393,000 or $0.16 per diluted share a year ago. Net income was $72,307,000 or $3.28 per diluted share against $2,567,000 or $0.12 per diluted share a year ago.
Aware, Inc. announced the integration of Aware's AccuRad REM Server with Nuance's market-leading PowerScribe 360 | Reporting platform. The integration enables radiologists to automatically incorporate radiation exposure estimate information into patient radiology reports, and facilitates compliance with SB 1237, California's mandate for inclusion of dose information in patient records. It also provides analysis tools that can be used to help reduce risks associated with radiological exams. Aware will demonstrate AccuRad REM Server in booth A3341 at RSNA 2012, taking place November 25 to 30 in Chicago. Nuance will demonstrate the integration from 10:30am-12pm on November 27 in booth A6217.
Aware Inc. announced that its Board of Directors has declared a special cash dividend of $1.80 per share, or approximately $40 million in total. The special cash dividend will be paid on December 17, 2012 to shareholders of record as of December 3, 2012.
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Industry Analysis
AWRE
Industry Average
| Valuation | AWRE | Industry Range |
| Price/Earnings | 1.6x |
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| Price/Sales | 5.5x |
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| Price/Book | 1.3x |
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| Price/Cash Flow | 1.6x |
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| TEV/Sales | 2.0x |
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