Imageware has set a date for its next fiscal update, announcing that it will host a conference call to discuss its second quarter earnings on Thursday, September 23, after market close.
It should prove to be an interesting update, for a number of reasons. The biometric authentication specialist has been undergoing a substantial corporate transformation under the leadership of Kristin Taylor since her appointment to the position of CEO in early 2020. This transformation has included numerous executive appointments and a rebrand of Imageware’s flagship solution, now called Imageware Authenticate, among other measures.
With respect to Imageware’s fiscal results, those changes seemed to deliver mixed results in the company’s Q1 update, in which the company reported a slight decline in revenues alongside an improved net result. But Taylor emphasized patience in that update, acknowledging that Imageware had been working “through several major operational, technical and personnel-related hurdles,” and predicting that her firm will see “incrementally improved operating results throughout the balance of the year and beyond.”
The forthcoming Q2 update will offer some clarity on that anticipated trend. But it could also offer insight into another intriguing development in Imageware’s recently announced strategic review.
In August, the company revealed that it had retained the services of Imperial Capital to review “available strategic alternatives to maximize shareholder value”. That announcement came after Imageware hired Gateway Investor Relations to develop an investor outreach program.
The forthcoming conference call will provide stakeholders with an opportunity to inquire about these activities, with ImageWare promising that it will host a Q&A session after a presentation on its Q2 results. The company has not detailed which specific executives will be on the call, but explained that it will be hosted by the company’s management.
The conference call will begin at 4:30 p.m. Eastern on September 23, and Imageware will issue a press release detailing its fiscal results prior to the call.
September 8, 2021 – by Alex Perala