BIO-key Int.

BIO-key International, Inc. engages in the provision of identity and access management (IAM) platform.The firm's products include multi-factor authentication, self-service password reset, single sign-on, fingerprint scanners, and civil and large-scale identification.It offers its services to the education, financial, government, healthcare, manufacturing, and retail industries.The company was founded on January 7, 1993 and is headquartered in Wall, NJ.

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BIO-key Boosts Revenue, Launches New IAM Product

BIO-key International has shown notable improvements in its financial and operational performance in Q1 2024, marked by increased revenues, higher profit margins, and reduced losses. The company's strategic initiatives and new product launches are set to address the expanding market needs in identity management, despite facing challenges related to inventory management and market competition.

BIO-key reports Q2 revenue decline, focuses on growth strategies

BIO-key's Q2 2024 performance was impacted by revenue decline from software contract delays.
Despite challenges, the company showcased strengths in new product offerings and global market expansion.
Opportunities lie in strategic partnerships and CEO optimism for future growth and profitability.

BIO-key Int. (BKYI) reports robust Q3 performance and growth opportunities

BIO-key International demonstrated strong revenue growth and margin improvements in Q3 '24, driven by high-margin license revenue and cost controls.
The company's focus on enhancing security, reducing fraud, and expanding market reach through strategic partnerships positions them for future success.
While challenges in achieving profitability persist, BIO-key's strategic initiatives and focus on recurring revenues offer promising growth prospects.

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BIO-key International, Inc. engages in the provision of an identity and access management platform. The firm's products include PortalGuard, Admin Panel, Hardware, Identity-Bound Biometrics, and MobileAuth. It offers its services to the education, finance, government, healthcare, manufacturing, and retail industries. The company was founded on January 7, 1993 and is headquartered in Holmdel, NJ.

WALL, N.J., Sept.  03, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that Eastern Florida State College (EFSC) with campuses in Cocoa, Melbourne, Palm Bay, Titusville, and an aerospace program at the Kennedy Space Center has selected BIO-key’s PortalGuard IAM solution to solve security and user experience challenges with authentication and portal management.

Eastern Florida State College Deploys BIO-key’s PortalGuard for Access to Enterprise Applications for 30,000 Students Across Five Campuses

WALL, N.J., Aug.  31, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that its long-time customer, global medical device manufacturer ICU Medical, Inc., has expanded its use of BIO-key biometric authentication to its new staff training program, streamlining check-in and automating FDA compliance recordkeeping.

Global Medical Device Company Expands Deployment of BIO-key Biometric Authentication to Streamline Employee Training

WALL, N.J., Aug.  26, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, is responding to reports of an inaccurate third party press release concerning one of BIO-key's partners. The press release has since been removed from the single PR wire service where it appeared. Investors are cautioned not to rely on any unverified press releases without confirmation from BIO-key.

BIO-key Responds to Inaccurate News Release

WALL, N.J., Aug.  24, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced the appointment of Kimberly Johnson, a talented and experienced marketing executive, as Vice-President of Product Marketing, a new position at the Company.

BIO-key Names Visionary Security Marketing Executive Kimberly Johnson Vice-President of Product Marketing, a New Position at the Company

WALL, N.J., Aug.  17, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that Reading Area Community College, Reading, PA; University of Mount Olive, Mount Olive, NC; and East Georgia State College, Swainsboro, GA have chosen to integrate BIO-key’s PortalGuard identity and access management solution along with the Campus.app digital education portal to provide their students with secure and user-friendly single-sign-on (SSO), password enablement and reset capabilities paired with an enhanced digital campus portal solution. BIO-key and Campus have partnered to deliver flexible security and user-access solutions to higher education institutions, whether they employ on-campus, remote or hybrid learning models. The combined solution is particularly attractive to institutions seeking to provide secure student access despite the unique location challenges posed by the pandemic.

Colleges in Three States Select BIO-key’s PortalGuard and the Campus.app Digital Portal Solution to Secure and Streamline Student Access to Critical Campus Resources

BIO-key International, Inc. (BKYI) CEO Michael DePasquale on Q2 2020 Results - Earnings Call Transcript

WALL, N.J., Aug.  14, 2020  (GLOBE NEWSWIRE) --   BIO-key International, Inc.   (Nasdaq: BKYI), an innovative provider of biometric and other multi-factor identity and access management (IAM) solutions for strong, convenient user authentication and large-scale identity applications, today reported results for its second quarter ended June 30, 2020 (Q2’20). BIO-key will host a conference call today at 10:00 a.m. ET (details below) to review its results and outlook.

BIO-key Reports Q2 Results and a Post-Recapitalization Cash Position of Approximately $18M - Investor Webcast Today at 10am ET

WALL, N.J., Aug.  07, 2020  (GLOBE NEWSWIRE) --   BIO-key International, Inc.   (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) and large scale identity solutions, including industry leading biometric capabilities, will host a conference call to review its second quarter 2020 results on Friday, August 14, 2020 at 10 a.m. ET (details below). Results will be reported prior to the market’s opening. Mike DePasquale, Chairman & CEO, Cecilia Welch, Chief Financial Officer, and Fred Corsentino, Chief Revenue Officer, will participate on the conference call.

BIO-key, Provider of Multi-Factor Identity and Access Management Solutions, Hosts Q2 Investor Call Friday, Aug 14 at 10am ET

WALL, N.J., Aug.  05, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that Clearent, LLC selected BIO-key’s PortalGuard IAM solution to secure customer self-enrollment, account recovery and online access to its banking applications. Clearent is one of the fastest-growing credit card processing companies, processing $14 billion in annual transaction volume for 45,000 plus merchants nationwide. Clearent customers will also benefit from the security and convenience of PortalGuard’s Single Sign-on functionality utilized by customers for frictionless access to the Clearent’s payment portal.

Innovative Credit Card Processor Clearent, LLC Switches to BIO-key’s PortalGuard Identity and Access Management Solution to Secure Customer Access and Deliver Secure Reset Capabilities

WALL, N.J., July  30, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that the municipality of Durham, North Carolina has selected BIO-key’s PortalGuard solution to meet the city’s IAM requirements and provide needed cybersecurity controls. After reviewing potential solutions, Durham chose PortalGuard to enhance the city’s security posture to combat the ever-changing threat environment.

Durham, NC Selects BIO-key’s PortalGuard Identity and Access Management Solution to Enhance its Security Posture and Cybersecurity Controls

WALL, N.J., July  27, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that Fore Aero, a manufacturer of flight safety and support parts for national defense and aerospace markets, has selected BIO-key’s PortalGuard IAM platform to address their secure authentication requirements. The customer found PortalGuard to be the most secure, flexible, user friendly, and cost-effective solution of the several they had vetted.

National Defense/Aerospace Contractor Selects BIO-key’s PortalGuard to Solve Identity and Access Management Challenges Across its Business and Manufacturing Use Cases

WALL, N.J., July  23, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity, security and access management solutions with biometric expertise, announced today the completion of an underwritten public offering of 38,214,500 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and warrants to purchase up to an aggregate of 38,214,500 shares of its common stock, inclusive of the full exercise of the underwriters’ overallotment option. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses were approximately $24.8 million.

Identity, Security and Access Management Solutions Provider BIO-key Completes $24.8 Million Public Offering

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WALL, N.J., July  20, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, announced today the pricing of an underwritten public offering of 33,230,000 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and common warrants to purchase up to an aggregate of 33,230,000 shares of the Company’s common stock.  Each share of common stock or pre-funded warrant is being sold together with one common warrant to purchase one share of common stock at a combined price to the public of $0.65 per share and common warrant.  Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are expected to be $21.6 million.

BIO-key Announces Pricing of Upsized $21.6 Million Underwritten Public Offering

WALL, N.J., July  20, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that growth of its IAM footprint in higher education continues to accelerate within North America as well as internationally. Santa Rosa Junior College and prior to BIO-key’s acquisition of PistolStar, Wesley Theological Seminary and the University of Guam, have chosen the PortalGuard solution to combat the more frequent, more sophisticated cybersecurity threats now facing higher education institutions while also improving the access experience for their end-users.

Santa Rosa Junior College, University of Guam and Wesley Theological Seminary Leverage BIO-key’s PortalGuard to Address Sophisticated Cybersecurity Threats

WALL, N.J., July  16, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions powered by biometrics, today announced that the company’s footprint in providing IAM for higher education continues to grow within the California Community College System with fifty colleges under support.  The North Orange County Community College District (NOCCCD) chose the PortalGuard solution to improve their security posture and deliver a frictionless access experience for every end-user.

California’s North Orange County Community College District adds BIO-key’s PortalGuard a Leading IAM Solution in Higher Education

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PortalGuard is the preferred IAM solution for higher education. PortalGuard is the preferred IAM solution for higher education.

Arcadia University Selects BIO-key's PortalGuard Solution to Provide Cohesive Identity and Access Management (IAM) Across Key Applications

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WALL, N.J., July  01, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today announced the completion of its purchase of PistolStar Inc., an established provider of large-scale on-premise and Identity-as-a-Service (IDaaS) identity and access management (IAM) solutions, for $2.5 million.

Biometric ID Solutions Provider BIO-key Closes Purchase of Identity and Access Management Provider PistolStar and Completes Convertible Note Placement

Enables Robust Multi-factor Authentication of Election Workers Statewide Enables Robust Multi-factor Authentication of Election Workers Statewide

BIO-key Extends Deployment of Biometric Authentication Solution to a West Coast State; Securing Access to Centralized Voter Registration Database

Accretive Acquisition adds Comprehensive  Multi-factor Authentication Platform, Deep IAM Expertise

BIO-key Announces Definitive Agreement to Purchase Enterprise IAM, IDaaS Provider PistolStar

BIO-key International, Inc. (BKYI) CEO Michael DePasquale on Q1 2020 Results - Earnings Call Transcript

News for BIO-key Int. Stock (BKYI)