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Better to be cautious and save your money, I am conflicted but with shorts keeping stock price down and no sign of revenues it is hard to stay in
Better to be cautious and save your money, I am conflicted but with shorts keeping stock price down and no sign of revenues it is hard to stay in
you sold out?
Thanks, I couldnt get it to translate correctly.
I agree on Miller and he IMO if deals start to come he will be exited.
its about Mid OCT and still waiting for some change, maybe we are fools for thinking something different will occur after years of Miller promises... I really hope not...
Hein help a brother out and give us the summary of the article? Anything that looks like progress on the IWSY/Fujitsu partnership out of Japan?
Ive used the US version and had no issues but it was after it was initially not working post the short article pointing it out
Hein link won't pull up for me, what does it say?
Looking for any new mentioned in Japanese on Fujitsu doing mobile biometric pilots or anything in cloud with biometrics
Does anyone speak/read Japanese?
Wondering if there are any signs of progress from Fujitsu and IWS on the Asian front...
and the stock is falling back down... until their are revenues / contracts it will be played...
Subs,
The big boys have incorporated (in some cases) IWS's tech into their platforms and are at or about to enter sales/marketing phase (unless more delays occur - Lockheed and Fujitsu are currently in sales/mkt phase) BUT.... until they see customers buying the service / contracts IWS / patents /tech will not be valuable to them.
What Im trying to say is IWS has not validated its value in the commercial sector and until then the stock rising, and buyouts are not going to happen...
AT this point I am on the fence if it will, Miller has boned so many predictions in the past and recently its a wonder he is still CEO / the stock is held up (partially bc Goldman's holding are so high - limited float) That stated if they actually sell something thru a partner who announces it (more validity / confidence to market) then watch the stock take off... until then it's a roller coaster and might be a one where the cart goes off the tracks ....
Subs,
My frustration and thoughts on the company sway but I still hold the stock lol.
For me I finally stopped caring what Miller stated and focused more on the partnerships and their progression / or lack of.
It comes down IMO to that, not even the small open purchases (thanks for finding) as Goldman is so heavy on IWSY he has little choice (much like China and US Treasuries) and Miller spending $20K is small change for how much he has been paid over the years not executing.
It looks like they will have to do another equity raise and that is a concern. If they can show revenues have started it would be much easier but I am not sure that is the case.
Even getting paid the German healthcare pilot fee would be great as would the Agility upfront tech transfer. Miller / co. have continued to over promise and under deliver, although the time for their products IMO has also come to age as there is a clear need.
Transunion and CA Tech go live with IWS in Oct and Nov, hopefully this wont be delayed but would be great for shareholder confidence.
Time will tell, at some point something is going to happen for better or worse...
Show me the revenue, they just filed and nothing new, IPSA contributing the majority from what I bet, not impressed yet....
If it gets near $2 again I am out... to spec for me..
I own FEYE since $30 and that has been on a dive for no reason... and I thought that stock would be a better bet lol
Agree, you and me both Subs.
I spoke to IR yesterday and they said nothing I hadn't heard but did state that they were unaware of any partnerships changing status / things moving fwd.
They did state that the German Healthcare pilot would go through before they started the Deutsche Bahn project since both are controlled by the German government. I was disappointed to hear that as DB could have brought revenues (some) in quickly vice a paid for pilot with no clear future...
Tired of waiting and so are others post this short attack.
Short attacked worked a little, nice rebound based on volume.
Although the article had some facts I enjoyed reading responses from CarpSlayer on the SA article board.
Still holding and waiting for something to hit... Hope I am not made the fool...
Subs,
These are stock options, not open purchases from what I read... unfortunately...
Explanation of Responses:
(1)
125,000 of the options reported herein will only vest upon the achievement of certain operational milestones. One third of the remaining 125,000 options will
vest on the one-year anniversary of the grant date, with the remainder vesting equally in eight quarterly installments thereafter
Highly recommend listening to this presentation of IWSY CTO and Validsoft (voice biometrics partner). I'm starting to become more and more convinced they will execute to plan and with hit make shareholders a great return.
http://iwsinc.com/webinar-with-imageware-validsoft-opus-research/
https://www.brighttalk.com/webcast/635/168817?utm_campaign=channel-feed&utm_content=&utm_source=brighttalk-portal&utm_medium=web&utm_term=
best guess IMO is when they hit break even in a quarter and provide guidance going fwd on a steady revenue stream
Update, I am overloaded on this stock in my portfolio, but decided to buy another 10k shares as I sold out some last year at 2.40 with a PPS $1.
I do not want to try to catch the share price if and when this occurs, as I would guess we could see moves of $1-$2 in a day if they hit some large contracts $10M + and or when / if they break even next year.
When I saw them in Nilson report (hopefully wasnt paid for) the fact they are testing with banks... and knowing Fujitsu and Lockheed are currently / actively selling their product. Well I am going for broke on this one....
"ImageWare Systems, Inc. is featured in the August 2015, Issue 1069 of The Nilson Report. Showcasing our GoVerifyID, biometric mobile app, the Nilson Report has this to say:
“U.S. banks are testing ImageWare’s technology for in-band and out-of-band biometric authentication, including payment card transactions. GoVerifyID can be deployed anywhere in the world. Fujitsu has integrated GoVerifyID into its point-of-sale terminals and is offering it to custome
he platforms database is capable of cloud-based matching of more than 200 million identity credentials in real time."
* ImageWare believes cloud-based storage of a biometric feature is more secure than storing biometric data on a mobile device, which can be lost, stolen, or hacked. On-device storage also requires registration of biometric features for every phone, tablet, etc. Cloud-based storage requires only a single registration."
You can download the full report at IWS's website
Q&A covering Lockheed
ImageWare Systems' (IWSY) CEO Jim Miller on Q2 2015 Results - Earnings Call Transcript
Aug. 10, 2015 9:50 PM ET | About: ImageWare Systems, Inc. (IWSY)
Harvey Kohn - HRK Strategic Advisory
Most of my questions were answered, but I wonder if you could perhaps give us a little more color on - I’m not quite sure when the major players like Lockheed and CA Technologies go out there and they have now integrated our technology in to their platform. So for example, the Lockheed IDHaystack platform, when they’re going out to their clients, is the ImageWare technology an option or is it part of their - of the platform when they’re going out there?
Jim Miller - Chairman and CEO
It’s a great question. I know it’s not an option. It is built in to - I think of it as being hardwired in to the platform. In the Lockheed case, the license agreement covers their biometric engine. Lockheed vetted that product over several years in tests and selected it. We are the matching engine for their biometric IDHaystack program. So it will be sold, of course, there is a Lockheed Martin partner but with ImageWare inside if you will.
Ed- that is a legit concern but the number of potential users from each partnership is quite impressive, sheer scale they have an ability to easily hit profitability, and IMO Lockheed could get them half or more the way there...
Jenga can you explain please?
The fact Lockheed tested their product for years and that IWS product is built into Haystack so everytime Lockheed sells it isnt an option to choose IWS was huge to me and others. Curious why Miller didnt point that out when explaining it before the Q&A. I am disappointed on the retail but it is in their hands and Fujitsu.
I will have greater confidence when Fujitsu goes global but all in all I think with the number of irons in the fire (partnerships), the need for this product by corporations, their small figure for breakeven ($12m-$14M), and new Sales VP (other got booted pretty fast which is IMO a sihn mgmt is taking an active role / directors) I am content to wait.
I agree that Miller's estimates are always off, and I would have toned them down (stated by end of year) on many aspects in May's CC but he also gets his info from the partners and IWS has little ability to make them or their pilot customers move quickly....
When I spoke to IR a few weeks back he stated that they should provide the detail of each partnership and where it stands in regards to testing/implementation, salesforce deployment, etc.
Agree. It does not appear to be luck or tomfoolery to why IWS is securing these partnerships. Still not sure why a global partnership with Fujitsu hasnt been announced, seems a long time since May when it was reported to be close to completion...but hopefully it is just the Japanese being prudent.
Yes the potential could be incredible. I try not to become too optimistic but would be happy to be surprised.
Jenga, hope you are wrong, but likely Nov will be the one.
I'd be excited to see DB and or retailer start...
saw this on yahoo MB and worth sharing
slide 6 shows in March Lockheed PP deck that IWS was already a partner with them in their IDHaystack
http://www.slideshare.net/informaoz/john-mears-lockheed-martin-corporation
Agree, revenues need to be booked but it seems more likely to occur than not (finally) but jury is still out and until then....
I am overloaded on this one and will not be adding, but good luck on increasing your position. I sold 10K shares a while back a $2.40 but held the majority of my position to ride this out. This could be a multi bagger stock.
Would expect a breakout to start post this upcoming QTR CC if some revenue is recorded from one of the current contracts (TransUnion, DB, Agility - even the tech transfer fee, retailer, etc.). If not, agree it will be another 6 months or so and until the financials illustrate it.
If 2016 actually ramps up we could realistically witness the stock hit $5+ easy if it lists on NASDAQ and books $20M + of revenue.
Best case senario - Apprx 100M shares at $10 for a $1B market cap isn't impossible if they were to grow revenues to +100M a year, likely a long ways off but if it lists on NASDAQ and gets some major funds to back anything could happen with some funds moving it up.
Time will tell, hoping this qtr is the end of the delays, or at least some of them...
Looking fwd to the upcoming quarter, even some positive status on the current partnerships and contracts starting would be huge!
I think we are turning the corner after all these years...
Fingers crossed!
I think from each major partnership IWS should be able to gross in the range of $2M - $5M, that is pure swag but until we get figures this seems like a start approx. If the IMO BS auction revenues were $3.6M which seems high from the limited user base, I think the major players can pull off above $2M ea. Lockheed IMO could be worth tens of millions from their ins around the world. Looking forward to seeing IWS and T Systems start the DB contract and my hope is secure the German healthcare industry, which would mean millions for IWS..
I can see why Miller stated breakeven was within reach this year, with a burn of a little over $3M a quarter it is achievable....
When I spoke to IR a few weeks back he stated that we should get more visibility on each partnership and where they are in respect to the progress (implementation - testing, pilots, salesforce selling, etc.).
Could be a turnaround qtr
Looks like you may get your chance, heavy volume at end of day...
Hein are you happy with this news?
Great news, another partnership for IWS.... that makes now six majors (Fujitsu, T Systems, Transunion, Agility, CA Technologies, and now Lockheed Martin).
Didnt count IBM Cloud Blue Mix (still in beta and not a full partnership imo), Extenua -start up.
Are you holding long also or just the rebound?
Forest from the trees mate, who honestly cares about OR state/state gov or military when IWS has made it clear they are moving into commercial and have started with the partnerships. There is a lot of well established players in the biometric gov/military space which is why IWS has had difficulty being such a small fish.
"I will find out whether Fujitsu and IWS get the contracts from anywhere in Japan when I have a chance to hear."
IWS presented at the Fujitsu expo in Tokyo and they hopefully will pick up some Japanese contracts, still waiting on the global announcement...
I'd also like to see the retailer move fwd vice them work on the auto industry. Secure and grow what partnerships/deals they have and book revenue from those....
Oregon is where their engineers and CTO are based (supposedly)
Two new job postings for Portland, Oregon
SOFTWARE ENGINEERING MANAGER
IT SYSTEMS ADMINISTRATOR
rather get the German Healthcare system.... they have a foot in the door with T-systems already...
heck just lets see their current contracts start...
Latest PR on online auction isnt going to get us there with only 200K users. Look to the current contracts and if and when they roll out.