ImageWare Sets Date for Q2 and H1 2018 Update

ImageWare will publish its Q2 and H1 results on August 9th, the company has announced. The results will be published “shortly after the close of the stock market”, according to a statement.

ImageWare’s announcement also noted that the market update will include its own “direct sales efforts as well as partner sales efforts” concerning its multimodal biometric identity management solutions. The latter in particular could turn out to be a major focus area in the update, with ImageWare having recently issued a ‘sales update’ outlining major new deals established by sales partners including CDW and Four Points.

Such partner efforts appear to be an important part of ImageWare’s sales strategy, which has also seen the company working to transition to a business model based on recurring revenues. In its Q1 update this past May, ImageWare CEO Jim Miller indicated that those results, which entailed lower revenues and a higher net loss, still mostly reflected ImageWare’s “legacy business”, and did not include a $730,000 deal announced that April. Miller also said at the time that “every project is making progress and our partners have given us good reason to believe that several will close in the second quarter.”

ImageWare says that it will hold a conference call on its Q2 and first-half results on August 9th as well, starting at 4:30pm Eastern Time. The call will be broadcast online and a recording will be available from ImageWare’s website for 90 days thereafter.

(Originally posted on FindBiometrics)