ImageWare Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:56 pm EST
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ImageWare Systems, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 0.778 million compared to USD 2.47 million a year ago. Net income was USD 0.49 million compared to net loss of USD 0.626 million a year ago.
For the nine months, revenue was USD 2.45 million compared to USD 4 million a year ago. Net income was USD 9.87 million compared to net loss of USD 6.65 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
ImageWare Systems, Inc. provides biometrically enabled software-based identity management solutions. The Company develops software that provides indication of a person's identity. Its product include Imageware Biometric Engine is a patented biometric identity and authentication database built for multi-biometric enrollment, management and authentication. The Companyâs products are used to manage and issue secure credentials, including national identifications (IDs), passports, driver licenses and access control credentials. The Companyâs products also provide law enforcement with integrated mug shot, fingerprint LiveScan and investigative capabilities. The Company also provides comprehensive authentication security software using biometrics to secure physical and logical access to facilities or computer networks or Internet sites. Its products also include Imageware Proof, Imageware Capture, Imageware Identify, Imageware Credential, Imageware Digital ID and Imageware Authenticate.