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Private company

IMAGEWARE SYSTEMS INC

IMAGEWARE SYSTEMS INC is an American prepackaged software services company based in Wilmington.2

Last updated Oct 21, 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

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

80.8%Gross margin4
-309.8%Operating margin4
267.3%Net margin4
-27.4%Revenue growth, 20214
-$7.8MFree cash flow4

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

Revenue56784$3.5M in 2021−27% since 2015
0$2.0M$4.0M$6.0M2015: $4.8M$4.8M20152016: $3.8M$3.8M2016−20%2017: $4.3M$4.3M2017+13%2018: $4.4M$4.4M2018+3%2019: $3.5M$3.5M2019−20%2020: $4.8M$4.8M2020+36%2021: $3.5M$3.5M2021−27%
Gross profit56784$2.8M in 2021−1% since 2015
0$1.0M$2.0M$3.0M$4.0M2015: $2.8M$2.8M20152016: $2.7M$2.7M2016−3%2017: $3.3M$3.3M2017+20%2018: $3.5M$3.5M2018+7%2019: $2.9M$2.9M2019−19%2020: $3.5M$3.5M2020+24%2021: $2.8M$2.8M2021−21%
Operating income56784-$10.8M in 2021+31% since 2015
-$15.0M-$10.0M-$5.0M02015: -$8.2M-$8.2M20152016: -$9.5M-$9.5M2016+15%2017: -$9.7M-$9.7M2017+3%2018: -$11.7M-$11.7M2018+21%2019: -$12.2M-$12.2M2019+4%2020: -$9.3M-$9.3M2020−24%2021: -$10.8M-$10.8M2021+16%
Net income56784$9.3M in 2021
-$20.0M-$10.0M0$10.0M2015: -$8.5M-$8.5M20152016: -$9.5M-$9.5M2016+12%2017: -$10.1M-$10.1M2017+6%2018: -$12.6M-$12.6M2018+25%2019: -$11.6M-$11.6M2019−8%2020: -$7.3M-$7.3M2020−37%2021: $9.3M$9.3M2021
Fiscal year2015201620172018201920202021
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

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Corporate structure

IMAGEWARE SYSTEMS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of IMAGEWARE SYSTEMS INC

  • IMAGEWARE SYSTEMS INC Wilmington, Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What IMAGEWARE SYSTEMS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$996.0K8 Dec 31, 2020$996.0K8 Dec 31, 20190%
Furniture and fixtures$257.0K8 Dec 31, 2020$257.0K8 Dec 31, 20190%
Leasehold improvements$77.0K8 Dec 31, 2020$77.0K8 Dec 31, 20190%
Property and equipment, before depreciation$1.1M4 Dec 31, 2021$1.3M4 Dec 31, 2020−14.4%
Accumulated depreciation$1.1M4 Dec 31, 2021$1.2M4 Dec 31, 2020−9.9%
Property and equipment, net$79.0K4 Dec 31, 2021$155.0K4 Dec 31, 2020−49.0%
Operating-lease assets (leased space)$847.0K4 Dec 31, 2021$1.6M4 Dec 31, 2020−45.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2M4 Dec 31, 2021$8.3M4 Dec 31, 2020−85.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.4M4 Dec 31, 2021$3.4M4 Dec 31, 20200%
Accumulated amortization$610.0K4 Dec 31, 2021$601.0K4 Dec 31, 2020+1.5%
Finite-lived intangibles, net$04 Dec 31, 2021$58.0K4 Dec 31, 2020−100.0%
Patents, net$04 Dec 31, 2021$58.0K4 Dec 31, 2020−100.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$25.0K4 Dec 31, 2021$40.0K4 Dec 31, 2020−37.5%
Work in process$7.0K4 Dec 31, 2021$26.0K4 Dec 31, 2020−73.1%
Finished goods$18.0K4 Dec 31, 2021$14.0K4 Dec 31, 2020+28.6%

Leadership

Who has led IMAGEWARE SYSTEMS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. S. James Miller2007–2020
  2. Kristin Taylor2020–2021

Chair

  1. S. James Miller2007–2020

President

  1. Kristin Taylor2020–2021

Chief financial officer

  1. Wayne G. Wetherell2007–2019
  2. Jay B. Lewis2021
2010201520202025
Board members and other officers (21)

Former names

  • IMAGEWARE SOFTWARE INCDec 20, 1999 to Dec 20, 19993

Timeline

  1. Aug 12, 20228-K Regulation FD disclosure36
  2. Aug 8, 20228-K Entered a material agreement; New debt or obligation37
  3. Jul 15, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares38
  4. Jun 8, 20228-K Entered a material agreement; New debt or obligation; Unregistered sale of shares39
  5. Jan 4, 20228-K Entered a material agreement; Other events40
  6. Oct 18, 20218-K Change of auditor41
  7. Oct 5, 20218-K Other events42
  8. Apr 20, 2020New chief executive Kristin Taylor becomes CEO11
  9. Apr 4, 2007New chief executive S. James Miller becomes CEO12

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:

  1. Oct 5, 202215-12G/A EDGAR
  2. Aug 12, 202215-12G EDGAR
  3. Aug 12, 20228-K EDGAR
  4. Aug 8, 20228-K EDGAR
  5. Jul 20, 202210-K/A EDGAR
  6. Jul 15, 20228-K EDGAR
  7. Jul 15, 2022SC 13D/A EDGAR
  8. Jul 15, 20224 OWNERSHIP DOCUMENT EDGAR
  9. Jul 15, 20224/A OWNERSHIP DOCUMENT EDGAR
  10. Jun 9, 2022SC 13D/A EDGAR
  11. Jun 8, 20228-K EDGAR
  12. Jun 8, 20224 OWNERSHIP DOCUMENT EDGAR
  13. May 23, 202210-Q EDGAR
  14. May 16, 2022NT 10-Q EDGAR
  15. Apr 15, 202210-K EDGAR
  16. Mar 31, 2022NT 10-K EDGAR
  17. Mar 24, 20224 EDGAR
  18. Jan 6, 2022SC 13D/A EDGAR
  19. Jan 4, 20228-K EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Mar 24, 2022GOLDMAN NEAL I10% ownerSale3,473,361$0.02$69.5KForm 4
Dec 23, 2021GOLDMAN NEAL I10% ownerSale3,472,361$0.02$69.4KForm 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.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.6M 2020–2020
Money received by yearMoney received by year, 2020–2020: $1.6M in all. PPP loans $1.6M.$0$500K$1M$1.5M$2M2020 · PPP loans: $1.6M2020
Figures by year
YearPPP loansTotal
2020$1.6M$1.6M

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA44. Matched to this company by name and state.

  1. Apr 29, 2020$1.6M PPP loan (first draw) from Comerica Bank44To IMAGEWARE SYSTEMS, INC., San Diego CA; $1.6M forgiven Aug 30, 2021

SEC filer profile

How IMAGEWARE SYSTEMS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARIMAGEWARE SYSTEMS INC1
  • CIK0000941685
  • Employer ID (EIN)33-02241671
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • Business address11440 W. Bernardo Court, Suite 300, San Diego, CA 921271
  • Phone85867386001
  • Shares outstanding347,962,742 as of May 20, 20229
  • Public float$12.3M as of Jun 30, 20214
  • On EDGAR sinceDec 20, 19991
  • Filings858 in all: 4 (272), 8-K (159), 10-Q (45), 3 (23), SC 13D/A (21), SC 13G (21), 424B3 (19), CORRESP (19)1
    All 55 form types

    NT 10-Q (19), 10QSB (18), 4/A (18), UPLOAD (16), 10-K (15), EFFECT (15), DEF 14A (12), S-3/A (12), NT 10-K (11), 10-K/A (10), SC 13D (10), SC 13G/A (10), 8-K/A (8), S-3 (8), REGDEX (7), S-1/A (7), S-8 (7), PRE 14A (6), S-1 (6), 10KSB (5), 424B5 (5), 5 (5), D (5), 10KSB/A (4), 10QSB/A (4), POS AM (4), SB-2/A (4), SB-2 (3), 10-Q/A (2), DEF 14C (2), DEFR14A (2), PRE 14C (2), PRER14A (2), REGDEX/A (2), 10KSB40 (1), 15-12G (1), 15-12G/A (1), 25 (1), 25-NSE (1), 3/A (1), 424B1 (1), 8-A12B (1), ARS (1), D/A (1), FWP (1), SC 14F1 (1), SC 14F1/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2022
    Quarterly report (10-Q) May 23, 2022
    Proxy statement (DEF 14A) Apr 30, 2020
    Latest 8-K (8-K) Aug 12, 2022

Sources

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    SEC EDGAROther events
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