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Not sure anymore that IWSY has what it takes to continue, it seems like they can't build traction in these contracts and now its mid April and still no news. I would have thought by now the retailer or DB would have started. Anyone spoken to IR?
nada, lets hope for a decent contract win
good read on hiring of ex gov hackers and hiring boom for them
http://www.bloomberg.com/news/articles/2015-04-14/security-companies-hire-hackers-ex-spies-to-fight-cyber-attacks?cmpid=yhoo
I'd be more concerned with the TransUnion, DB, and retailer as any starts to those would indicate traction from previously delayed starts...
Post from Yahoo MB, if true this would be a direct reason why the stock has tanked.
"Craig-Hallum and Lake Street Capital both downgraded IWSY last week, slashing estimates and price targets, and it's still trading at 25 times the lowered revenue estimates which are probably still too high. Then it got dumped onto the PINKS. Nice week. No institution or RIA is going to want to explain to their investment committee or clients, why they hold junk like this while watching cash run out again. That is where your volume is coming from. Watch the MM's dump into the next pump. Watch Craig and Lake Street drop coverage after the next big "Corporate Update"."
Not good if true...
Ed - this seems a long after reaction to the qtr update but seems also rationale for those that don't see IWS coming into revenues. Next quarter will be telling, hoping for a project updated before then, and if they are smart / what Miller mentioned, it should be released if the DB, Healthcare and or retailer projects commence.
I still have no idea have they will be cash flow positive by end of year since those projects mentioned above haven't started (will be low rev to begin as they ramp up, and one is a paid pilot -healthcare) and the TransUnion joint offering and Agility JV will not ramp up (if TU isnt delayed again and Agility JV start on time) until late into the year IMO..
what is your take on the movement, weak hands being pressured and or longs giving up or lastly a short attack? Since they have sufficient capital for the next 3 qtrs I am not overly concerned but slightly surprised...
Well testing the $1.59 mark... high volume, would say shorts and nay sayers are winning... not good folks
I didnt take it that way, I read/understood it as the pilot can now proceed. IMO the German gov wouldnt decide to shift from a pilot to full implementation. Miller's point is the pilot will be paid and from last cc "should" start soon....
The Connect ID conference was from 23-25 March, possible reason for higher than normal volume...
We haven't seen $1.60s for a bit but well within reason that could happen anytime. Not sure what upcoming news could be on way, would like to see Microsoft or Amazon added to the list but revenue first.
What are your thoughts on listing? Listing too early could really muck the stock price up without revenue to support the story...
Massive volume today, not a lot of pressure sending it down, maybe another partner on the way.... lol Everyone knows they need revenue.... Hopefully Miller and MGMT issue a "project start PR" for DB and or German health pilot.
Ed,
Yes, it has been trading in this range for sometime.
I don't predict any revenues occurring anytime in the next 1-2 months, which places further pressure on the stock.
Ed - I think $1.70 is pretty close to your entry price, maybe $1.60s are due this week? Holding off seems prudent.
Ed,
I have done the same with prior spec stocks, usually losing out on large gains and or losing most of my investment.
I took some profits from IWS but have 80% still on the table and plan to stick with them.
With an announcement of the Healthcare pilot or DB the stock should stabilize in the low $2s IMO. 2015 is all IWS has left in their tanks IMO, the biometric train is out of the station and the time is now. If by the next report in May none of the partnerships have converted to revenues then IMO this stock and company need to sell.
At this stage (for last 3 qtrs) adding new partnerships isn't going to increase the stock price. They have enough...
However if revenue is announced from one of these partnerships than the flood gate will be open as they will have shown the transition from gov biometrics to a commercial biomeric as a service delivery model corp. These partnership opportunities will then IMO be viewed with more optimism and take them into much higher valuations.
Not sure on the listing with NASDAQ, I would hope they do not do a reverse split or list before they have revenue incoming from some of these partnerships..
I keep asking myself why these partners chose IWS products and when if any will hit...
Fujitsu (retailer, Im beting more pilots are starting/started)
T Systems (DB and German Healthcare)
TransUnion
CA Technologies
Agility
Extenua Inc
Ed,
Specifics to contract delays were better than in prior CCs. Seems more legit, and that DB and Healthcare pilot will start soon is promising.
Concern over retailer is still present, and contract could IMO be cancelled. That potentially be a consistent issue.
Transunion and Agility seem to be a far off still to bear revenue, 2nd qtr or longer IMO.
Not sure how IWS will make profitability in 2015, let alone list on NASDAQ (concerned it is too early).
Your thoughts?
Wont happen till 2nd QTR, who knows how much also so don't bank on it....
Ed,
Makes sense. IWS has partnerships with some very large companies (Fujitsu, T Systems, CA Tech, Transunion, now Agility, IBM -Beta) but to date we are waiting on revenues...
I agree that they may not be the stock/company in this space and I personally am using Monday's upcoming QTR update (looking for Mex retailer to have started to receive revenue from) and info on T Systems work with DB and German HC pilot, Transunion/IWS product integration. A lot of "ifs" on the table. Smart to hold off. If they show progress even buying in the $2 range is fine as this stock with successful partnerships could make this a $5 plus stock easy... Until then though....
from Wii, would go to their corporate site / actual financials for greater accuracy
Type
Public("KSE & DFM:AGLTY")
Industry Logistics
Facility Management
Government contractor
Freight Forwarding
Supply Chain Management
Founded 1979
Headquarters Sulaibiya, Kuwait
Key people
Tarek Sultan (CEO)
Essa Al-Saleh (President and CEO, Agility Global Integrated Logistics)
Dan Mongeon (President and CEO, Agility Defense & Government Services)
Revenue Increase US$ 4.85 billion (2013)
Operating income
Increase US$ 331.1 million (2013)
Net income
Increase US$ 162.7 million (2013)[1]
Number of employees
20,000+ (2012)
Agility and ImageWare Partner to Bring Biometric Solutions to New Markets
Marketwired ImageWare Systems, Inc.
IMAGEWARE SYSTEMS INC Files SEC form 8-K, Other Events EDGAR Online 1 mth 4 days ago
IMAGEWARE SYSTEMS INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Even EDGAR Online 1 mth 9 days ago
More
SAN DIEGO, CA--(Marketwired - Mar 13, 2015) - Agility (KSE: AGLTY), a leading global supplier of logistics, and ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, announced their agreement to partner and sell biometric solutions to Agility partners and clients throughout the Middle East Gulf Coast region and in other parts of the world where Agility operates.
Under the terms of the agreement, the companies will create a new joint venture company, operated and managed by Agility. Agility, which is based in Kuwait, will operate the partnership, its sales, and its marketing efforts in the region. ImageWare will provide its proven biometric technology under a software sales agreement for the licensed territory. ImageWare will receive a Technology Transfer Fee from the joint venture company. ImageWare's products, such as CloudID® and GoVerifyID®, will be sold and distributed by the joint venture company to Agility partners in the region and in other parts of the world. The companies anticipate that the joint venture will be operational in the second quarter of 2015.
As its first priority, the joint venture will target airport and customs brokerage venues where Agility is under contract to provide services, as well as other commercial opportunities in the region.
"Biometrics can play an integral role in providing additional security to supply chain management," said Jim Miller, ImageWare's chairman and CEO. "ImageWare is both proud and excited to be a partner with one of the world's largest and most successful supply chain and logistics company. Agility's global relationships and their world class expertise in air, ocean, and road freight, supply chain systems, and warehousing will bring ImageWare's products and technologies to new and large markets."
About Agility
Agility brings efficiency to supply chains in some of the globe's most challenging environments, offering unmatched personal service, a global footprint, and customized capabilities in developed and developing economies alike. Agility is one of the world's leading providers of integrated logistics. It is a publicly traded company with more than $4.8 billion in revenue and more than 20,000 employees in over 500 offices across 100 countries. Agility's core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility's infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.
Lisa Monaco, Assistant to the President for Homeland Security and Counterterrorism, spoke to CNBC's Mary Thompson about cyber terrorism, saying it will soon eclipse terrorism as the biggest threat to national security.
http://finance.yahoo.com/video/govt-official-cyber-attacks-bigger-200000064.html
I haven't connected with IWS IR, played phone tag and at this point we will know if that's BS in a few more days...
Not holding my breathe, this company has touted partnerships that have gone nowhere...
Ed,
With intel signing with Deustche Telecom (I take T Systems - IWS partnership is a no go) and no word on TransUnion partnership I think things are getting less bright.
That and IWS's recent posting for product and account manager and account executive make me fully realize how potentially idiotic this company is mgmt wise... Miller and the Sales Dept should have been shown the door two years ago.. thank you for your service but you aren't succeeding... Why Goldman has not forcibly gotten rid of them is beyond me, who cares if the stock dropped afterwards, at least they would likely have a new CEO who knew how to take this company to the next level (moderate sales/rev so they can be bought for $4+). As it stands we will be lucky if Fujitsu buys them for $2....
and I was wrong.............I posted the below on Yahoo. Can Miller make one f-ing partnership work? He and the sales dept are useless.... Goldman should have hacked off that dead limb a while ago....
Intel signs biometric ‘True Key’ deals with Deutsche Telekom, Prestigio
Deutsche Telcom... IWS has/had partnership with T Systems (subsidary of Deutsche Telecom) ...
" Intel’s multimodal password and identity management solution", seems Intel has landed....and IWS is out in the cold...
US chipmaking giant Intel has revealed a tie-up with with Deutsche Telekom that will see the German carrier bring Intel’s multimodal password and identity management solution True Key to the European market.
The True Key application, which works on computers, tablets and phones, allows users to rapidly log customers into their apps and online accounts through using multiple factors including facial recognition, fingerprints, device authorisation and geo-location, among others.
“We know that using multiple factors including biometrics is a hot topic as a solution to the password problem in Europe but Intel Security’s True Key application goes even further, “ said Marc Sommer, senior vice president, Group Business Development at Deutsche Telekom.
“It puts the user in control as they can customize the levels of their personal security across their devices. True Key offers a more secure solution so our customers can be reassured that only they have access to their True Key profile.”
European mobile users have an average of 26 apps on their phones and over half access social networking sites on their mobiles every day. Consumers struggle to remember the user names and passwords required to log into all their apps, especially when you consider that the average consumer has around 25 online accounts and 10 different passwords.
" more article at planet biometric
I get a strange feeling IWSY is going to announce something significant before the next QTR CC. Not that their product has been fully incorporated into TransUnion's ID Manager but something else. Just a feeling based on Fujitsu's progress with them with GOVerifyID.
Likely wrong but trying to be positive in 2015 :)
worth re-pposting from Yahoo MB:
"FUJITSU Market Place awarded a ‘Top Retail Product 2015’ Special Jury Prize
"Fujitsu received this award during the EuroCIS show on Tuesday, February 24 in the Multichannel Forum in Messe Düsseldorf. This year, 21 candidates were nominated in seven categories. A jury evaluated submissions according to the criteria of user value, customer satisfaction, relevance, solution expertise and innovation."
Some of that innovation comes from GoVerifyID, the new IWS biometric security application for mobile, that has been integrated into the Fujitsu Retail Marketplace. It took the Fujitsu development team two weeks to integrate and test it, if you were at the Big Retail Show in New York in January, at the right time, you could have seen a Fujitsu VP giving a demo.
IWS is currently hiring a Product Manager and a Senior Product Manager:
Experience with SAAS and construction of software products delivered as services is preferred
Experience with iOS and Android mobile products highly desirable "
from website:
Dusseldorf, Germany | February 24-26, 2015
Join ImageWare Systems, Inc. and Fujitsu at EuroCIS 2015, the leading trade fair for retail technology, where we will showcase our revolutionary biometric authentication systems. Join us February 24-26 to experience GoVerifyID®, our multi-modal biometric authentication application for mobile, and GoMobile Interactive®, an award-winning two-way messaging service. All of our innovative solutions are built on our Biometric Engine, a truly anonymous biometric database.
bc you are all talk and no results.
QTR report and update should be out soon right? No word on TransUnion or anything for that matter..... sad
Ha yeah quite tired when I wrote that, mistype instead of incorporating, either way not holding breathe
well I think where IWSY is combining is with TransUnion's ID Manager solution not their individual focused ID manager... Im calling Transunion tomorrow to ask some questions.
Another qtr and no new revenues to show... adoption doesn't take this long please........ even given 6 months of pilot testing we should have heard something by now... Subs when do you expect traction to be achieved (contracts)?
I signed up for Transunion identity service so if and when IWSY rolls onto the platform. Will keep you posted...
Subs,
Until IWSY shows:
-Consistent revenue streams: -from partnerships or their own sales force (New VIP)
-Adoption: from pilots that have been converted to sales (a lot of mention of pilots that never amount to anything)
-Follow through: contracts that actually produce revenue (retailer, Deutsche Bahn, TransUnion....)
-Profitability: ability to operate in 2015 (at least 2 quarters) in the black without capital raises. A lot of talk and nothing real to show from it
Maybe you know something I don't but on paper IWSY has failed all of the above...
Yeah thought they would have actually accomplished more.... disappointed..
Yeah. Those calls are have the same message, "just wait, we are almost there".
I assume with the new capital raise more sheep will be brought in so I will have a chance to sell above $2 and exit like you did.
Likely a case of a great potential IP/tech but not the go to market execution required to succeed.
Sure sign will be when the retailer work is stated as "delayed".... same old story.
Company is going to no-where fast...
Where are the revenues, in fact where are the contracts from these
partnerships?
Why does Miller have such a high salary for never achieving profitability,
or why has he been allowed to stay on as CEO?
If the technology is so great why isn't any company buying them for their IP?
List goes on and yet the company releases these complete fluff piece PRs.... stating old news that hasn't amounted to any revenue...
All -
Placed an email to IR asking why on the prospectus filing that only the Baja contract was mentioned and not the retailer in Mexico.
Also asked if we would get an update on the Deushce Bahn, two boutique German banks (mentioned a few qtrs ago), German Healthcare, TransUnion partnership.
Hopefully will get confirmation retailer work started, this company has lost about all credibility in my view.
I predict a pump up of the stock to retail investor side to raise the price for the capital raise or support it at least.
Starting to wonder why Fujitsu dedicated a sales force to IWSY products, if that is even true.
Any insights out there appreciated!
I think a wait and see approach is required. Until an actual contract is inked with a real value tied to it and this secondary occurs who knows the extent of the drop....
1.5 Years to show a transition to the commercial space and really they have nada to show for it.... It's comical that Miller likely thinks he is doing a great job...Goldman must be drunk on the Koolaid
Ed -
I have only sold 10k of my total shares at $2.4, PPS $1, have a decent bit to go.
My worry is this drop is based on bad news (need to raise capital, and no signs on upcoming revenues).
The transunion partnership is a big if and the legitimacy of Miller's comments are near zero for me at this stage.
I am at a cross roads as I said to myself this upcoming qtr was it, they have had enough time with the partnerships and products to make some sales (even with the 6 month pilot that the retailer took).
I would have thought that the company's IP would be worth $2 easy but with other multimodal companies winning deals that may not be the case....
what are your thoughts? Wading back in?