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They seem to be going out of business imo
Something coming here soon. Form 15 effective on 11/15
A 100 vol bid dump today. Tax lossers killing me with commissions with these small dumps.
Dump dump dump
IWSY peeps buying it on the ask today. Gimme cheapies.
IWSY give me some of this good shit ASAP.
Next one for huge runner.
Crazy drop smh
Looks bad. I have a friend over there not sure what’s going on and not inclined to ask at this point
Clearly cash burn without new revenue is likely to be why it’s .0001.
Wtf happened today? Trading at .0001. I can't set any buy orders via Fidelity. What kind of f*ckery is this?
Things going on here. Surprised that there is no interest on this thread. IWSY ic outperforming almost all my other pennies. Looking for a run to .05 on DHS news.
A slow go here, but I'm a long hold for sure on this.
There are new deals coming up soon to this one. Follow the STocktwits thread, we're talking about it in more detail
They still have minimum revenues and they're using the shares equity to stay open and to pay employees. They need a gigantic contract to get back over $1.00
Yes, I remembered we met on here couple years back.
...:)
Prices too cheap atm, imo.
Hey brother! happy new year to you! Did you know that you and I met on this thread years ago? I made a Kings Ransome in the stock. We had powerful peps on the BOD. Those guys jumped ship years ago.
I remembered this ticker was in multi-dollars pps couple years back.
Look like a big turnaround on the horizon for this ticker.
I always look for low risk, high rewards my friend.
$Iwsy
Decent news...Imageware to Add Biometrics to Blockchain Powered Self Sovereign Identity (SSI)
https://www.prnewswire.com/news-releases/imageware-to-add-biometrics-to-blockchain-powered-self-sovereign-identity-ssi-301391686.html
Needs to trade better. Looking for signs of bottoming out and strength.
$IWSY
Gotcha … yea indeed looking forward:)
You are correct!
Are you meaning after sep 28 ?
Interesting times in the otc markets.
ImageWare Systems, Inc. (IWSY) CEO Kristin Taylor on Q2 2021 Results - Earnings Call Transcript
https://seekingalpha.com/article/4456825-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q2-2021-results-earnings-call-transcript?mail_subject=iwsy-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q2-2021-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-2&utm_medium=email&utm_source=seeking_alpha
I like what this is doing ,looks like
We might be on to something
GLTA
Imageware, Four Points Technology win $2.7M VA contract
Aug. 19, 2021 9:14 AM ETImageWare Systems, Inc. (IWSY)By: Preeti Singh, SA News Editor
The Department of Veteran Affairs (VA) has awarded a $2.7M licensing and maintenance contract to Imageware (OTCQB:IWSY) and Four Points Technology as part of the latter's NASA SEWP V contract.
The contract has one-year base term and two, one-year option periods. As part of the contract, the companies will provide software and support services that are required to deliver biometrically-enabled credentials to VA's Personal Identification Verification (PIV) smart cards.
Maybe not. Watching this one
Yeah maybe time to buy!
This kid is waking up. Volume surge and %50 rise since last week.
I sold. This is a q4 story. Keeping a close watch on this.
ImageWare Systems, Inc. (IWSY) CEO Kristin Taylor on Q1 2021 Results - Earnings Call Transcript
https://seekingalpha.com/article/4432760-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q1-2021-results-earnings-call-transcript?mail_subject=iwsy-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q1-2021-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
I'm sure there will be several dead cat bounces. Dangerous but playable
I agree the financial trends are not encouraging. Will keep a close eye
Hey, bro thanks for the message. Several I-hubbers and I made a King's Ransom with the shares but that was several years ago. This baby was a high flyer then. It started when Crocker joined the BOD and invested here. When he left the Company is really when the shares began selling off and it's been over 2 years maybe 3.
The Company needs Real creative IR and not a bunch of hand-holders.
The way the new President writes PR's is all wrong and she has caused the stock to crumble and fall.
I'm 50/50 on IWSY filing for bankruptcy this year. They are in trouble!
AJ Naddel is someone I know. In AJ I trust
ImageWare Systems, Inc. (IWSY) CEO Kristin Taylor on Q4 2020 Results - Earnings Call Transcript
Apr. 20, 2021 8:23 PM ETImageWare Systems, Inc. (IWSY)
ImageWare Systems, Inc. (OTCQB:IWSY) Q4 2020 Earnings Conference Call April 20, 2021 4:30 PM ET
https://seekingalpha.com/article/4420157-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q4-2020-results-earnings-call-transcript?mail_subject=iwsy-imageware-systems-inc-iwsy-ceo-kristin-taylor-on-q4-2020-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha
Going higher
‘going concern’?
I know a few very bright young professionals who took jobs recently at image ware. Not knowing much else I expect they will make big contributions
I have no position yet but intend to create in later in April. This is a key space as biometrics reduce fraud and theft
Glta
ImageWare Provides Corporate Update
PR Newswire
SAN DIEGO, March 29, 2021
SAN DIEGO, March 29, 2021 /PRNewswire/ -- ImageWare® Systems, Inc. (OTCQB: IWSY) ("ImageWare" or "the Company"), a leader in biometric identification and authentication, today provided several updates related to its continuing business operations.
(PRNewsfoto/Imageware Systems, Inc.)
Management Commentary
"Since coming to ImageWare last year, I have seen our team make tremendous progress in transforming our business for its new growth phase, but we still have much work ahead," said Company Chair, President, and CEO Kristin Taylor. "We've made some difficult choices and likely have more ahead, but we are taking the necessary steps to support the long-term viability and success of our company. Our efforts in the near term will take some time before they translate to sustained financial improvement, but we are well underway and remain encouraged by the opportunities in front of us.
"Over the next 12 plus months, we will be working to complete several major operational initiatives, designed to put our company on a path to sustained growth and profitability. In addition to rolling out both new and enhanced legacy product offerings and platform integrations, we are aggressively closing on several strategic partnerships with cutting-edge, market-ready, global players as evidenced by our recent collaboration announced with Safe-T. We are also completing a comprehensive review and implementing a company-wide IP development program to maintain and expand our thought leadership. With costly cybersecurity attacks proliferating and the growing security demands of remote work, ImageWare is ideally positioned to capitalize on the ever-expanding need for simpler, safer, secure access and identification. In public safety, the ImageWare brand remains strong, enabling us to leverage that position for the imminent launch of our refreshed platform for law enforcement and public safety."
Sales Update
In the fourth quarter of 2020, the Company continued to encounter various sales and execution- related challenges associated with its rebuilding initiative, which impacted its financial results for the period. ImageWare's ongoing efforts to address these issues include upgrading its sales force and leadership team, refining its focus to expand market share and product footprint, and enhancing its legacy product offerings to support integration into its comprehensive product strategy. The Company currently expects these efforts to result in improved bookings and sales results beginning in the second half of 2021.
Additionally, the Company announced that it will be making a transition from current leadership and has begun the search for a new Head of Sales to support its expanded growth goals. In parallel, the Company will be hiring a number of new salespeople to support its North American division, as it commercializes ImageWare Authenticate, its Multifactor Authentication SaaS product, and its renewed law enforcement platform.
Chief Financial Officer Transition
ImageWare also announced today that Chief Financial Officer Jay Lewis resigned from his current position effective April 7th. He continues to support the Company in its current filings and the transition to a new CFO. ImageWare is already deeply engaged in the search for a new CFO with deep operational and turnaround skills, including regulatory, financial reporting, M&A, capital markets, and corporate finance experience.
Additional Updates
In February, the Company's Board of Directors and shareholders approved, by written consent of holders representing more than 54% of the Company's outstanding voting securities, the following resolutions:
The first resolution provides for an increase in the Company's authorized common stock from 1.0 billion to 2.0 billion shares. The increase is intended to provide the Company with additional flexibility in connection with future financings, strategic acquisitions, debt restructuring incentives, and other general corporate purposes. With the authorized share increase in place, the Company will be able to take advantage of opportunities without incurring delays and the expense associated with obtaining special shareholder approval in each such instance.
The second resolution expands the number of shares available under the Company's 2020 Omnibus Equity Incentive Plan. The Company will be adding an incremental 120 million shares to the Incentive Plan share pool to retain, attract and incentivize high-quality talent. Assuming the full conversion of all issued and outstanding preferred stock, the current issued and outstanding common stock equals 724,897,968 shares.
Separately, effective April 12, 2021, former Chairman of the Board and Chief Executive Officer, S. James ("Jim") Miller, Jr., who has served the Company for more than three decades, will no longer be affiliated with the business. Miller has been operating under a consulting agreement with the Company since November 2020; his agreement is set to expire on the date referenced.
About ImageWare® Systems, Inc.
Founded in 1987, ImageWare provides defense-grade biometric identification and authentication for access to your data, products, services or facilities. We are experts in biometric authentication and considered a preeminent patent holder of multimodal IP, having many of the most-cited patents in the industry. Our patented IWS Biometric Engine® (BE) is the most accurate and fastest biometrics matching engine in the industry, capable of our patented fusion of multiple biometrics. Part of our heritage is in law enforcement, having built the first state-wide digital booking platform for United States local law enforcement – and more than three decades of experience in the challenging government sector creating biometric smart cards and logical access for millions of individuals. We are a "biometrics first" company, leveraging unique human characteristics to provide unparalleled accuracy for identification while protecting your identity. For more information, please visit www.iwsinc.com.
Forward-Looking Statements
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if," "should" and "will" and similar expressions as they relate to ImageWare Systems, Inc. are intended to identify such forward-looking statements. ImageWare may from time to time update publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in ImageWare's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Media Contact:
Jessica Belair
ImageWare Systems, Inc.
(310) 717-0877
jbelair@iwsinc.com
Investor Contact:
Tom Colton
Gateway Investor Relations
949-574-3860
IWSY@gatewayir.com
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/imageware-provides-corporate-update-301257312.html
SOURCE ImageWare Systems, Inc.
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Tough to evaluate this one with the large offering they are making. And why the selling shareholders are selling. But looks like sales pipeline has been increasing and margins improving. But share price has been going down every since they filed the S-1 for the offering. Too many other plays out there
there's just nothing to talk about - release some numnbers, PRs, whatever
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ImageWare Systems Reports Second Quarter 2008 Results
Raises $765,000 Gross Proceeds
SAN DIEGO, CA, Sep 17, 2008 (MARKET WIRE via COMTEX) -- ImageWare(R) Systems, Inc. (OTCBB: IWSY), a leading developer and provider of identity management solutions, reported financial results for the second quarter ended June 30, 2008.
Jim Miller, ImageWare's chairman and chief executive officer, stated, "For those of you that have followed ImageWare you will recall that we have, for some time, been chasing a number of what we consider to be significant near-term business opportunities that would change ImageWare's financial picture. We have continued to make progress toward reeling these opportunities in; however, we have been surprised and frustrated with the time it has taken. These opportunities have not gone away. They have progressed to advanced stages of discussion and negotiation and represent sales to government end users in both the United States and several foreign countries. In most cases, the sales would be through integrator partners and, in some cases, they will be direct to end users. Based on current advice from partners and customers, we believe in the remainder of 2008 we will deliver significant and dramatic improvement in the form of new contracts and vested partnerships."
Total net revenues for the second quarter 2008 were $1.7 million, compared to $1.8 million for the second quarter 2007. Second quarter 2008 operating expenses totaled $2.4 million, compared to $2.5 million in the second quarter 2007. Net loss available to common shareholders for the second quarter totaled $1.4 million, compared to $1.5 million in the second quarter of 2007. Net loss per share available to common shareholders was $0.08 for the second quarter, compared to $0.10 in the second quarter of 2007.
Total backlog was $3.7 million at June 30, 2008, including product orders of $2.6 million and maintenance and support backlog of $1.1 million. This compared to total backlog of $4.3 million at March 31, 2008, including product backlog $3.1 million and maintenance backlog $1.2 million, and $1.8 million at year end December 31, 2007, including product backlog $867,000 and maintenance backlog $883,000.
Capital Raise
Miller added, "This month we completed a small equity financing that we believe will provide us with sufficient funding to close one or more of these opportunities. In addition, the opportunities we are pursuing include up-front payments that would further enhance our working capital position."
On August 29, 2008, the board authorized the sale of 1,500 shares of the company's Series D 8% Convertible Preferred Stock at a stated value of $1,000 per share for aggregate gross proceeds of $1,500,000. On September 5, 2008, the company entered into a Securities Purchase Agreement with certain accredited investors selling an aggregate of 765 shares of Series D Preferred Stock for aggregate gross proceeds of $765,000 and issuing warrants to purchase up to an aggregate of 1,530,000 shares of common stock with an exercise price of $0.50 per share, which may be exercised at any time from February 28, 2009 until February 28, 2014. The warrants contain a cashless exercise feature. At any time on or before September 20th, the company may sell up to the balance of the authorized shares of preferred stock and warrants.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. is a leading developer and provider of identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Washington DC and Canada. For more information visit www.iwsinc.com.
Safe Harbor Statement
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Tables to Follow
ImageWare Systems, Inc.
SELECTED COMPARATIVE FINANCIAL HIGHLIGHTS
In thousands, except share and per share amounts
Three Months Ended Six Months Ended
June 30, June 30,
---------------------- ----------------------
2008 2007 2008 2007
---------- ---------- ---------- ----------
Revenues
Product $ 1,020 $ 1,157 $ 1,797 $ 1,866
Maintenance 647 621 1,253 1,247
Total Revenues 1,667 1,778 3,050 3,113
Cost of Revenue
Product 270 296 409 482
Maintenance 289 296 604 590
---------- ---------- ---------- ----------
Gross Profit 1,108 1,186 2,037 2,041
66% 67% 67% 66%
Operating Expenses
General & administrative 944 957 2,045 2,100
Sales and marketing 548 674 1,214 1,367
Research and development 731 803 1,628 1,989
Depreciation and
amortization 194 79 395 139
---------- ---------- ---------- ----------
Total Operating
Expenses 2,417 2,513 5,282 5,595
---------- ---------- ---------- ----------
Loss from operations (1,309) (1,327) (3,245) (3,554)
Interest (income) expense,
net 0 (5) (5) 238
Other (income) expense, net (15) 82 (43) 44
---------- ---------- ---------- ----------
Loss from continuing
operations before income
taxes (1,294) (1,404) (3,197) (3,836)
Income taxes 0 0 0 0
---------- ---------- ---------- ----------
Loss from continuing
operations (1,294) (1,404) (3,197) (3,836)
Discontinued operations:
Gain (loss) from
operations of
discontinued Digital
Photography Component 7 11 7 11
Income tax benefit
(expense) 0 0 0 0
---------- ---------- ---------- ----------
Gain (loss) on
discontinued operations 7 11 7 11
Net loss $ (1,287) $ (1,393) $ (3,190) $ (3,825)
Preferred dividends $ (84) $ (88) $ (1,963) $ (503)
---------- ---------- ---------- ----------
Net loss available to
common shareholders $ (1,371) $ (1,481) $ (5,153) $ (4,328)
========== ========== ========== ==========
Per share data - basic
Net income (loss) from
continuing operations $ (0.07) $ (0.09) $ (0.18) $ (0.27)
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.00
Preferred dividends $ (0.01) $ (0.01) $ (0.11) $ (0.04)
---------- ---------- ---------- ----------
Basic loss per share
available to common
shareholders $ (0.08) $ (0.10) $ (0.29) $ (0.31)
========== ========== ========== ==========
Basic common shares 18,087,528 14,669,170 17,962,113 14,218,699
ImageWare Systems, Inc.
CONSOLIDATED BALANCE SHEETS
June 30, Dececember 31,
2008 2007
-------------- --------------
Assets:
Cash $ 216 $ 1,044
Accounts receivable, net 490 425
Inventories 183 130
Other current assets 451 441
Property and equipment, net 233 288
Other assets 784 718
Intangible assets, net 2,164 2,437
Goodwill 3,416 4,452
-------------- --------------
Total Assets $ 7,937 $ 9,935
============== ==============
Liabilities and Shareholders' Equity:
Current liabilities $ 6,407 $ 5,269
Pension obligation 1,204 1,139
Shareholders' equity 326 3,527
-------------- --------------
Total Liabilities and Shareholders' Equity $ 7,937 $ 9,935
============== ==============
Company Contact:
Wayne Wetherell
ImageWare Systems, Inc.
(858) 673-8600
Investor Relations Contact:
Cathy Mattison
Lippert/Heilshorn & Associates
(415) 433-3777
Email Contact
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