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Imageware Provides Corporate Update and Plans for Conference Call

By ET Bureau - December 01, 2021 2 Mins Read

Imageware Provides Corporate Update and Plans for Conference Call

Imageware® (OTCQB: IWSY) (“Imageware” or “the Company”), a leader in biometric identification and authentication solutions, today provided a corporate update.

Recent Highlights

  • Imperial Capital continues to review strategic alternatives to maximize shareholder value for the Company.
  • Filed form 10-Q with the SEC for the three months ended September 30, 2021.

Management Commentary

“We continue to work with Imperial Capital as they review strategic alternatives for the company. In our review process, all options remain on the table including the sale of certain assets, strategic partnerships, and sale of Imageware,” said Company Chair, President, and CEO Kristin Taylor. “We believe our sales and marketing efforts should begin translating into new sales later this year. We also recorded the first official sale for our Law Enforcement 2.0 SaaS platform, and we anticipate going live with this new product in the coming months. With an improved senior leadership team, revamped go-to-market strategies, and new product launches on the horizon, Imageware is well-positioned for the coming quarters, which should translate to incrementally improved operating results going forward.”

At quarter-end, the Company had $1.7 million in cash and cash equivalents, compared to $8.3 million on December 31, 2020.

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