Private company
IMAGEWARE SYSTEMS INC
American prepackaged software services company based in Wilmington. Summary from the record
Last updated Oct 19, 2026.
Overview
- IndustryServices-Prepackaged Software2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address11440 W. Bernardo Court, Suite 300, San Diego, Ca 921273
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI5299006WCAMHKJD5F1632
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 40511872
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2021
Where the money goes
Where each dollar of revenue went, fiscal 2021
- Research and development32¢$4.5M
- Income tax0¢$10.0K
- Profit67¢$9.3M
Out of $3.5M in revenue.4
Financial statements
No quarterly figures reported.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Revenue | $4.8M5 | $3.8M5 | $4.3M6 | $4.4M7 | $3.5M8 | $4.8M4 | $3.5M4 |
| Cost of revenue | $1.1M5 | $243.0K5 | $152.0K5 | ||||
| Gross profit | $2.8M5 | $2.7M5 | $3.3M6 | $3.5M7 | $2.9M8 | $3.5M4 | $2.8M4 |
| Research and development | $4.6M5 | $5.3M5 | $6.3M6 | $7.4M7 | $7.5M8 | $5.7M4 | $4.5M4 |
| Operating expenses | $13.6M4 | ||||||
| Operating income | -$8.2M5 | -$9.5M5 | -$9.7M6 | -$11.7M7 | -$12.2M8 | -$9.3M4 | -$10.8M4 |
| Income before tax | $9.3M4 | ||||||
| Income tax | $22.0K5 | $21.0K5 | -$124.0K6 | $11.0K7 | $10.0K8 | $7.0K4 | $10.0K4 |
| Net income | -$8.5M5 | -$9.5M5 | -$10.1M6 | -$12.6M7 | -$11.6M8 | -$7.3M4 | $9.3M4 |
| Earnings per share | -$0.105 | -$0.125 | -$0.156 | -$0.177 | -$0.178 | -$0.084 | $0.004 |
| Earnings per share (diluted) | -$0.084 | $0.004 | |||||
| Shares (weighted, basic) | 312.1M shares4 | ||||||
| Shares (weighted, diluted) | 320.7M shares4 |
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash | $3.4M5 | $1.6M6 | $7.3M7 | $5.7M8 | $1.0M8 | $8.3M4 | $1.2M4 |
| Receivables | $383.0K4 | ||||||
| Inventory | $25.0K4 | ||||||
| Current assets | $3.8M10 | $2.0M5 | $8.0M6 | $6.9M7 | $2.5M8 | $9.2M4 | $1.8M4 |
| Property, plant and equipment | $79.0K4 | ||||||
| Goodwill | $3.4M4 | ||||||
| Intangible assets | $04 | ||||||
| Total assets | $7.6M10 | $5.7M5 | $11.6M6 | $11.0M7 | $8.4M8 | $14.8M4 | $6.3M4 |
| Accounts payable | $837.0K4 | ||||||
| Current liabilities | $2.4M10 | $5.0M5 | $8.4M6 | $3.8M7 | $4.2M8 | $28.5M4 | $9.9M4 |
| Total liabilities | $3.9M10 | $6.9M5 | $10.5M6 | $5.9M7 | $8.3M8 | $33.1M4 | $12.6M4 |
| Retained earnings | -$204.3M4 | ||||||
| Shareholders’ equity | $3.7M5 | -$1.3M6 | $1.1M7 | -$3.0M8 | -$8.8M4 | -$19.8M4 | -$15.1M4 |
| Shares outstanding | 94.1M shares5 | 91.8M shares6 | 94.2M shares7 | 98.2M shares8 | 113.3M shares4 | 180.1M shares4 | 347.2M shares4 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$7.2M5 | -$7.9M5 | -$8.7M6 | -$10.3M7 | -$11.3M8 | -$8.0M4 | -$7.7M4 |
| Depreciation and amortization | $47.0K4 | ||||||
| Stock-based compensation | $1.5M4 | ||||||
| Capital spending | $87.0K5 | $49.0K5 | $5.0K6 | $240.0K7 | $31.0K8 | $04 | $53.0K4 |
| Free cash flow | -$7.3M | -$8.0M | -$8.7M | -$10.6M | -$11.3M | -$8.0M | -$7.8M |
| Cash from investing | -$53.0K4 | ||||||
| Dividends paid | $51.0K5 | $51.0K5 | $51.0K6 | $51.0K7 | $51.0K8 | $51.0K4 | $51.0K4 |
| Cash from financing | $572.0K4 |
Leadership
Who has led IMAGEWARE SYSTEMS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerKristin Taylor Apr 20, 2020 to Apr 21, 202111
- Chief executive officerS. James Miller Apr 4, 2007 to Aug 5, 202012
- ChairS. James Miller Apr 4, 2007 to Aug 5, 202012
- PresidentKristin Taylor Apr 20, 2020 to Apr 21, 202111
- Chief financial officerJay B. Lewis Feb 16, 2021 to Feb 16, 202113
- Chief financial officerWayne G. Wetherell Apr 4, 2007 to Apr 8, 201914
Board members and other officers (21)
- SR VP OF SALES AND MARKETINGDavid Somerville Feb 2, 2018 to Feb 6, 201815
- SVP OF SALES AND MARKETINGJeffrey Dean Harris Feb 23, 2015 to Feb 23, 201516
- Sr. VP of Tech & Business Dev.Bill Willis Jan 17, 2006 to Jan 3, 200817
- Vice President, SalesCharles T. Aubuchon Jan 17, 2006 to Nov 17, 200818
- Board memberLauren C. Anderson Apr 21, 2021 to Nov 19, 202119
- Board memberDouglas J. Morgan Apr 26, 2021 to Nov 19, 202120
- Board memberJames W. Sight May 7, 2021 to May 14, 202121
- Board memberBenjamin C. Smeal Nov 16, 2020 to Nov 16, 202022
- Board memberJames M. Demitrieus Nov 16, 2020 to Nov 19, 202123
- Board memberCharles Frischer Sep 21, 2017 to Feb 21, 201924
- Board memberRobert T. Clutterbuck Sep 21, 2017 to Feb 21, 201925
- Board memberDana Kammersgard May 16, 2016 to Feb 21, 201926
- Board memberNeal I. Goldman Feb 12, 2013 to Aug 10, 202027
- Board memberS. James Miller Feb 12, 2013 to Oct 25, 201328
- Board memberJohn E. Cronin Feb 27, 2012 to Feb 21, 201929
- Board memberPatrick J. Downs Jan 6, 2006 to Jan 3, 200830
- Board memberDavid R. Loesch Jan 17, 2006 to Feb 21, 201931
- Board memberG. Steve Hamm Jan 17, 2006 to Feb 21, 201932
- Board memberJohn G. Callan Jan 17, 2006 to Feb 6, 201233
- Board memberJohn L. Holleran Jan 17, 2006 to Feb 2, 201034
- Board memberDavid W. Carey Mar 23, 2006 to Feb 21, 201935
Former names
- IMAGEWARE SOFTWARE INCDec 20, 1999 to Dec 20, 19993
Timeline
Filings
27 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 7 major events, 8 insider forms, 4 large holders, 4 other. The latest 20:
- Oct 5, 202215-12G/A EDGAR
- Aug 12, 202215-12G EDGAR
- Aug 12, 20228-K EDGAR
- Aug 8, 20228-K EDGAR
- Jul 20, 202210-K/A EDGAR
- Jul 15, 20228-K EDGAR
- Jul 15, 2022SC 13D/A EDGAR
- Jul 15, 20224 OWNERSHIP DOCUMENT EDGAR
- Jul 15, 20224/A OWNERSHIP DOCUMENT EDGAR
- Jun 9, 2022SC 13D/A EDGAR
- Jun 8, 20228-K EDGAR
- Jun 8, 20224 OWNERSHIP DOCUMENT EDGAR
- May 23, 202210-Q EDGAR
- May 16, 2022NT 10-Q EDGAR
- Apr 15, 202210-K EDGAR
- Mar 31, 2022NT 10-K EDGAR
- Mar 24, 20224 EDGAR
- Jan 6, 2022SC 13D/A EDGAR
- Jan 4, 20228-K EDGAR
- Dec 27, 20214 EDGAR
The 27 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 24, 2022 | GOLDMAN NEAL I10% owner | Sale | 3,473,361 | $0.02 | $69.5K | Form 4 |
| Dec 23, 2021 | GOLDMAN NEAL I10% owner | Sale | 3,472,361 | $0.02 | $69.4K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Nantahala Capital Management, LLCSC 13D/A, 4 filings Oct 7, 2021 to Jul 15, 202236
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARLauren C. Anderson, Board member
- 20SEC EDGARDouglas J. Morgan, Board member
- 21SEC EDGARJames W. Sight, Board member
- 22SEC EDGARBenjamin C. Smeal, Board member
- 23SEC EDGARJames M. Demitrieus, Board member
- 24SEC EDGARCharles Frischer, Board member
- 25SEC EDGARRobert T. Clutterbuck, Board member
- 26SEC EDGARDana Kammersgard, Board member
- 27SEC EDGARNeal I. Goldman, Board member
- 28SEC EDGARS. James Miller, Board member
- 29SEC EDGARJohn E. Cronin, Board member
- 30SEC EDGARPatrick J. Downs, Board member
- 31SEC EDGARDavid R. Loesch, Board member
- 32SEC EDGARG. Steve Hamm, Board member
- 33SEC EDGARJohn G. Callan, Board member
- 34SEC EDGARJohn L. Holleran, Board member
- 35SEC EDGARDavid W. Carey, Board member
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