Identity and Access Management Software Provider BIO-key Preliminary 2023 Results: Operating Loss Trimmed Approx. $3.5M on Approx. 29% Revenue Growth to $9.1M; Investor Call Tomorrow at 10...
BIO-key International, Inc. (BKYI)
NASDAQ:AMEX Investor Relations:
bio-key.com/investors
Company Research
Source: Yahoo! Finance
featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication, announced preliminary results for its fourth quarter (Q4'23) and year ended December 31, 2023 (2023). The independent audit of BIO-key's 2023 financial statements has not yet been completed and, therefore, the figures included herein are subject to change. BIO-key will host an investor call tomorrow at 10:00am ET (details below). Preliminary Results Highlights: 2023 revenue rose $2M (29%) to $9.1M 2023 SG&A trimmed by $2.1M (22%) Net cash used in operating activities was reduced by $2.5M in 2023 Q4'23 & 2023 cost of hardware reflects $2.8M reserve against slow moving inventory for Africa $1.5M cash payment received in Q1'24 for 2-year extension/expansion of biometric technology license CEO Commentary BIO-key CEO, Mike DePasquale commented, “BIO-key made solid progress on our path to profitability in 2023, driven by 29% revenue growth and cost cutting initiatives that trimmed
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BKYI
News
- BIO-key International, Inc. Receives Notice of Non-Compliance from Nasdaq [Yahoo! Finance]Yahoo! Finance
- BIO-key International, Inc. Receives Notice of Non-Compliance from NasdaqGlobeNewswire
- Switzerland's Canton of Ticino Implements BIO-key's Multi-Factor Authentication Solution in its Information Systems Center [Yahoo! Finance]Yahoo! Finance
- Switzerland’s Canton of Ticino Implements BIO-key’s Multi-Factor Authentication Solution in its Information Systems CenterGlobeNewswire
- Biometrics as a Service in Healthcare Market Worth $1.1 billion | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
BKYI
Sec Filings
- 4/22/24 - Form 8-K
- 4/2/24 - Form NT
- 4/2/24 - Form 8-K
- BKYI's page on the SEC website