Imageware Systems Inc (OTCMKTS:IWSY) Goes Up On Agreement News

[[tagnumber 0]][[tagnumber 1]]The performance of Imageware Systems Inc (OTCMKTS:IWSY) in the past several months hasn’t really been very interesting. The ticker has had its periods of descent from which it has rebounded several times, but it just can’t gain much altitude.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In fact, the ticker has recorded new 52–week lows on several occasions, before making a short upward run which ends with hesitation. Meanwhile, we haven’t seen a lot of reaction from investors after the company filed its report for the first quarter of the year which showed some improvements in the balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $8.3 million[[tagnumber 11]] [[tagnumber 10]]current assets: $9.95 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2.96 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $991 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $2.33 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These numbers show a massive improvement in the cash and current assets that the company had at the end of March, as well as a slight decrease in current liabilities. On the other hand we see the revenues staying almost identical to the ones from the same period last year, while the net loss has gone up by 37%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After a slow start of this month, however, we saw some positive movements in yesterday’s session. The company announced that they have executed an agreement with OnlineAuction.com and will provide biometric security software to 200 thousand online auction members, beginning next month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The expectations that this contract will bring in $3.6 million in revenues over the course of the 12 months following delivery were enough to push [[tagnumber 32]]IWSY[[tagnumber 33]] 9.49% in the right direction and the ticker closed the day at $1.73. The 71 thousand shares that changed their owners, however, were only capable of generating $118 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 32]]IWSY[[tagnumber 33]] shows some hesitation so far in today’s session. The company stock has dropped 2.89% as of the writing of this article. This is not that surprising, considering that [[tagnumber 32]]IWSY’s[[tagnumber 33]] market cap of $162 million is quite big compared to the company’s book value. Be sure to do your due diligence and weigh out the risks before making any trades.[[tagnumber 2]]