ImageWare Systems, Inc. (OTCMKTS:IWSY) Stages Another Recovery After Results Announcement
ImageWare Systems, Inc. (OTCMKTS:IWSY) meets Black Friday with a dose of enthusiasm, vaulting the $1.80 levels. On Wednesday, IWSY grew by more than 8% to $1.81 on dollar volumes above $252,000. IWSY ended the week on an upward note as it posted its latest results through an earnings call. So far, IWSY has been among the more solid companies, currently outside paid promotions, that rely on the true results of business efforts to get ahead. 
Currently, IWSY can rely on:
- $3.46 million cash
- $4.32 million total current assets
- $4.28 million total current liabilities
- $1.84 million product sales revenues, up from $257K in the third quarter of 2012
- $339,000 net income, from $2.7 million net loss
It seems like the company has managed to pull through, with its products generating larger incomes. IWSY works both with business solutions and with biometrics targeted to mobile device users. In the past months, fingerprints started to become normal among consumer electronics, integrated into the latest iPhone model, 5S.
Investors’ forums appreciate the achievement of IWSY, as earnings grew by 167% and for the first time in years the net results of the quarter are positive. Insider buying indicates trust in the company’s prospects, and as usual for high-quality companies, there is talk of a possible acquisition. IWSY has all the elements to continue the upward trend for a while, even after the long weekend.
Another recent tech mover is Liquidmetal Technologies, Inc. (OTCBB:LQMT), which is now heading toward the 20-cent levels again, and opening with an upward move on the short sessions after Thanksgiving.
WorldMoto, Inc. (OTCMKTS:FARE) is also struggling to take over a higher range, as it tries to move out of the low sideways drift throughout the past year. FARE is also trying to show solid achievement, through its still unmarketed product- meters for motorbike taxis.
For IWSY, if you are looking to ride the trend, keep in mind that last time, the ticker was pressured down from the $2 levels. Choose your preferred time frame and estimate if you can afford to lose in case a correction derails the climb for a while.
