Estados financieros detallados de Aware, Inc. (AWRE): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Aware, Inc. registró ingresos de $17.3M en el último ejercicio fiscal, con un CAGR de 5 años del 8.9%.
Márgenes de los últimos 12 meses: margen bruto 90.3%, margen operativo -55.6%, margen neto -51.9%.
Al precio actual de $1.20, AWRE presenta beneficios negativos (P/E no significativo) y un ROE del -35.20%. La capitalización bursátil es de $26M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $21.6M | $16.3M | $16.1M | $12.2M | $11.3M | $16.9M | $16.0M | $18.2M | $17.4M | $17.3M |
| Coste de Ventas | $2.1M | $875000 | $1.2M | $1.3M | $810000 | $1.2M | $1.3M | $1.3M | $1.1M | $1.3M |
| Beneficio Bruto | $19.5M | $15.4M | $14.9M | $10.9M | $10.5M | $15.6M | $14.7M | $17.0M | $16.3M | $16.0M |
| I+D | $6.9M | $7.8M | $7.1M | $7.9M | $9.1M | $9.3M | $9.2M | $9.1M | $7.8M | $8.3M |
| Generales y Administrativos | $7.4M | $7.4M | $7.5M | $7.2M | $10.8M | $12.5M | $13.5M | $14.5M | $14.0M | $14.2M |
| Gastos Operativos | $14.4M | $15.2M | $14.6M | $15.1M | $19.9M | $21.7M | $17.0M | $25.5M | $21.8M | $22.5M |
| Beneficio Operativo | $5.9M | $1.8M | $381000 | -$4.2M | -$9.4M | -$6.1M | -$2.2M | -$8.5M | -$5.5M | -$6.6M |
| EBITDA | $6.5M | $44000 | $824000 | -$3.7M | -$8.9M | -$5.4M | -$7.2M | -$6.1M | -$3.8M | -$5.0M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $6.2M | $2.2M | $1.2M | -$3.1M | -$9.2M | -$6.1M | -$1.7M | -$7.3M | -$4.4M | -$5.6M |
| Impuestos | $2.1M | $965000 | -$8000 | $5.2M | -$1.6M | -$269000 | $49000 | $59000 | $53000 | $257000 |
| Beneficio Neto | $4.1M | $1.3M | $1.2M | -$8.3M | -$7.6M | -$5.8M | -$1.7M | -$7.3M | -$4.4M | -$5.9M |
| BPA | $0.18 | $0.06 | $0.06 | $-0.39 | $-0.35 | $-0.27 | $-0.08 | $-0.35 | $-0.21 | $-0.28 |
| BPA Diluido | $0.18 | $0.06 | $0.06 | $-0.39 | $-0.35 | $-0.27 | $-0.08 | $-0.35 | $-0.21 | $-0.28 |
| Acciones en Circulación (Diluidas) | $22.9M | $21.9M | $21.6M | $21.5M | $21.5M | $21.5M | $21.6M | $21.0M | $21.1M | $21.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $5.1M | $4.7M | $3.4M | $3.3M |
| Beneficio Bruto | $4.6M | $4.4M | $3.1M | $2.7M |
| Beneficio Operativo | -$1.3M | -$1.5M | -$3.6M | -$2.7M |
| EBITDA | -$902000 | -$1.1M | -$3.3M | -$2.4M |
| Beneficio Neto | -$1.1M | -$1.5M | -$3.5M | -$2.6M |
| BPA | $-0.05 | $-0.07 | $-0.16 | $-0.12 |
| BPA Diluido | $-0.05 | $-0.07 | $-0.16 | $-0.12 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $51.9M | $51.6M | $51.6M | $47.7M | $38.6M | $30.0M | $11.7M | $10.0M | $13.0M | $7.3M |
| Inversiones a Corto | $951000 | 0 | 0 | 0 | 0 | 0 | $17.2M | $20.9M | $14.8M | $15.0M |
| Cuentas por Cobrar | $3.0M | $3.8M | $5.3M | $5.8M | $4.5M | $6.8M | $7.6M | $3.9M | $4.0M | $4.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $56.3M | $54.2M | $57.2M | $53.8M | $43.7M | $38.8M | $37.3M | $35.8M | $33.0M | $28.3M |
| Inmovilizado Material | $4.6M | $4.3M | $4.1M | $3.8M | $3.7M | $3.2M | $5.3M | $4.8M | $4.4M | $4.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | $1.7M | $3.1M | $3.1M | $3.1M | $3.1M | $3.1M |
| Activos Intangibles | 0 | 0 | 0 | 0 | $1.2M | $3.2M | $2.8M | $2.4M | $2.0M | $1.6M |
| Activos Totales | $62.0M | $63.9M | $66.4M | $57.6M | $51.6M | $48.4M | $51.2M | $46.3M | $42.6M | $37.2M |
| Cuentas por Pagar | $135000 | $166000 | $126000 | $187000 | $494000 | $283000 | $639000 | $280000 | $894000 | $1.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $470000 | 0 | 0 | 0 |
| Pasivos Corrientes | $4.1M | $4.3M | $4.5M | $4.1M | $6.0M | $5.7M | $5.8M | $7.5M | $7.9M | $7.5M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $4.1M | $4.3M | $4.5M | $4.1M | $6.0M | $6.9M | $11.0M | $12.0M | $11.7M | $11.1M |
| Reservas | -$42.8M | -$36.8M | -$34.7M | -$43.0M | -$50.6M | -$56.5M | -$58.2M | -$65.5M | -$69.9M | -$75.8M |
| Patrimonio Neto | $57.8M | $59.7M | $61.9M | $53.4M | $45.7M | $41.5M | $40.2M | $34.3M | $30.9M | $26.1M |
| Deuda Total | 0 | 0 | 0 | 0 | 0 | 0 | $4.5M | $4.5M | $4.2M | $4.0M |
| Deuda Neta | -$52.9M | -$51.6M | -$51.6M | -$47.7M | -$38.6M | -$30.0M | -$24.5M | -$26.4M | -$23.6M | -$18.3M |
| Capital Circulante | $52.1M | $49.9M | $52.6M | $49.7M | $37.7M | $33.1M | $31.5M | $28.3M | $25.1M | $20.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $6.3M | $7.3M | $4.6M | $2.9M |
| Activos Totales | $40.3M | $37.2M | $33.2M | $29.6M |
| Pasivos Totales | $13.0M | $11.1M | $10.3M | $9.0M |
| Patrimonio Neto | $27.2M | $26.1M | $22.9M | $20.6M |
| Deuda Total | $4.0M | $4.0M | $3.9M | $3.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $4.1M | $1.3M | $1.2M | -$8.3M | -$7.6M | -$5.8M | -$1.7M | -$7.3M | -$4.4M | -$5.9M |
| Amortizaciones | $622000 | $518000 | $443000 | $441000 | $561000 | $687000 | $760000 | $578000 | $562000 | $572000 |
| Compensación en Acciones | $558000 | $663000 | $580000 | $692000 | $838000 | $1.6M | $1.7M | $1.5M | $1.1M | $1.2M |
| Cambio en Capital Circulante | -$1.4M | $1.3M | -$1.6M | -$909000 | $823000 | -$2.3M | -$375000 | $5.0M | -$564000 | -$1.5M |
| Flujo de Caja Operativo | $3.8M | $3.7M | $660000 | -$2.9M | -$5.3M | -$6.2M | -$5.0M | $1.8M | -$3.2M | -$5.4M |
| Inversiones (CapEx) | -$87000 | -$82000 | -$206000 | -$111000 | -$484000 | -$27000 | -$730000 | -$16000 | -$45000 | -$165000 |
| Adquisiciones | 0 | 0 | 0 | 0 | -$2.4M | -$2.5M | $8.5M | 0 | 0 | 0 |
| Recompra de Acciones | -$3.7M | -$4.8M | -$393000 | -$765000 | -$946000 | 0 | -$1.3M | -$506000 | -$207000 | -$115000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $3.7M | $3.6M | $454000 | -$3.1M | -$5.8M | -$6.3M | -$5.8M | $1.8M | -$3.2M | -$5.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.4M | $1.0M | -$2.7M | -$2.8M |
| Inversiones (CapEx) | 0 | -$120000 | 0 | 0 |
| Flujo de Caja Libre | -$2.4M | $926000 | -$2.7M | -$2.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $342000 | $263000 | $269000 | $321000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -24.5% | -0.9% | -24.3% | -7.3% | +49.0% | -5.0% | +14.0% | -4.7% | -0.6% |
| Crecimiento Beneficio Neto (anual) | | -68.8% | -3.8% | -776.4% | +8.7% | +23.5% | +70.4% | -323.8% | +39.4% | -32.5% |
| Crecimiento BPA (anual) | | -66.7% | -4.7% | -781.8% | +10.3% | +22.9% | +70.4% | -337.5% | +40.0% | -33.3% |
| Cambio en Acciones (anual) | | -4.5% | -1.2% | -0.4% | -0.2% | +0.2% | +0.4% | -2.7% | +0.6% | +0.2% |
| Crecimiento FCF (anual) | | -3.8% | -87.3% | -773.1% | -88.4% | -8.7% | +7.8% | +131.3% | -277.4% | -73.5% |
| Margen Bruto | 90.3% | 94.6% | 92.3% | 89.7% | 92.8% | 92.8% | 92.1% | 93.0% | 93.5% | 92.3% |
| Margen Operativo | 27.4% | 11.1% | 2.4% | -34.2% | -83.3% | -36.2% | -13.8% | -46.8% | -31.9% | -37.9% |
| Margen EBITDA | 30.3% | 0.3% | 5.1% | -30.6% | -78.4% | -32.1% | -45.2% | -33.3% | -21.9% | -29.2% |
| Margen Neto | 19.0% | 7.9% | 7.6% | -68.3% | -67.3% | -34.6% | -10.8% | -40.1% | -25.5% | -34.0% |
| Margen FCF | 17.3% | 22.0% | 2.8% | -25.0% | -50.9% | -37.1% | -36.1% | 9.9% | -18.4% | -32.2% |
| Tasa Impositiva Efectiva | 33.7% | 42.9% | -0.7% | -166.5% | 17.7% | 4.4% | -2.9% | -0.8% | -1.2% | -4.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.16 | $0.16 | $0.02 | $-0.14 | $-0.27 | $-0.29 | $-0.27 | $0.09 | $-0.15 | $-0.26 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $22.8M | $21.8M | $21.5M | $21.4M | $21.5M | $21.5M | $21.6M | $21.0M | $21.1M | $21.2M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -35.20% |
| Rentabilidad sobre capital invertido | -37.08% |
| Rentabilidad sobre activos | -28.81% |
| Margen bruto | 90.30% |
| Margen operativo | -55.58% |
| Margen neto | -51.90% |
Salud financiera
| Deuda / Patrimonio | 0.18 |
| Ratio corriente | 3.73 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -0.05 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 33.89 | 75.00 | 63.11 | -8.62 | -10.00 | -11.67 | -21.38 | -4.74 | -9.29 | -6.61 |
| P/VC | 2.41 | 1.65 | 1.26 | 1.34 | 1.65 | 1.63 | 0.92 | 1.02 | 1.33 | 1.50 |
| P/V | 6.46 | 6.03 | 4.82 | 5.89 | 6.65 | 4.02 | 2.30 | 1.91 | 2.37 | 2.27 |
| Margen Bruto | 90.3% | 94.6% | 92.3% | 89.7% | 92.8% | 92.8% | 92.1% | 93.0% | 93.5% | 92.3% |
| Margen Operativo | 27.4% | 11.1% | 2.4% | -34.2% | -83.3% | -36.2% | -13.8% | -46.8% | -31.9% | -37.9% |
| Margen Neto | 19.0% | 7.9% | 7.6% | -68.3% | -67.3% | -34.6% | -10.8% | -40.1% | -25.5% | -34.0% |