Imageware Systems, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 05:04 pm EDT
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ImageWare Systems, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 733,000 compared to USD 812,000 a year ago. Operating loss was USD 2.461 million compared to USD 3.013 million a year ago. Net loss was USD 2.902 million compared to USD 2.548 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.04 a year ago. For the half year, total revenue was USD 1.529 million compared to USD 1.743 million a year ago. Operating loss was USD 5.711 million compared to USD 6.190 million a year ago. Net loss was USD 6.027 million compared to USD 6.160 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to 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.
IMAGEWARE SYSTEMS, INC. 