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.

  Shares of BIO-key International (NASDAQ:BKYI) fell 7.6% in pre-market trading after the company reported Q4 results.

Recap: BIO-key International Q4 Earnings

WALL, N.J., May  07, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today announced the sale of a $2,415,400 Senior Secured Convertible Note to Lind Global Macro Fund, LP. At closing, $2.1 million was funded, with the proceeds to be used for general working capital purposes, including repayment of outstanding indebtedness.

Biometric Solutions Provider BIO-key Raises $2.1M in Private Placement of a Senior Secured Convertible Note

WALL, N.J., April  23, 2020  (GLOBE NEWSWIRE) --    BIO-key International, Inc.    (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large-scale identity, will host a conference call to review its fiscal 2019 and first quarter 2020 results on Friday, May 15, 2020 at 10 a.m. ET (details below).  Results for the reporting periods will be reported prior to the market’s opening.  BIO-key has relied on a recent SEC Order to delay the filing of its Annual Report on Form 10-K for 45 days in light of audit delays related to the COVID-19 pandemic. Mike DePasquale, Chairman & CEO, Cecilia Welch, Chief Financial Officer, and Fred Corsentino, Chief Revenue Officer, will participate on the conference call.

Biometric Identity & Authentication Solutions Provider BIO-key to Host 2019 and Q1 2020 Results Investor Call on Friday, May 15 at 10am ET; Nasdaq Extends Minimum Bid Price Compliance Period to Dec. 4th

WALL, N.J., April  09, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large-scale identity, announced today that it will donate to the American Red Cross a portion of the proceeds from the sale of its  compact finger scanners , available through a variety of retailers and resellers including Amazon.com, Antonline, B&H, D&H, Dell, Ingram Micro, Newegg.com, OfficeSupply.com, Target.com, Walmart.com and others, over the balance of 2020. The donations will be designated to support the American Red Cross’ COVID-19 response efforts.

BIO-key to Donate Portion of Proceeds From Biometric Finger Scanner Sales to Support American Red Cross COVID-19 Response

WALL, N.J., April  07, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large-scale identity, today provided an update message for customers, partners and investors from its Chairman & CEO Michael DePasquale, regarding its operations in the current environment.

BIO-key Chairman & CEO Provides Operational Update Regarding Company’s Biometric Authentication Solutions Business

WALL, N.J., April  03, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric identity, authentication and security solutions, today announced that Manny Alia, President, Exponential Launch Partners Limited; Chief Executive Officer, Technology Transfer Institute of Africa; and former Executive Director at JPMorgan Chase has joined the Board of Directors, with a particular focus on supporting BIO-key’s African subsidiary. In March BIO-key secured two contracts to provide its biometric solutions to customers in Nigeria, with anticipated revenue totaling $75M. 

BIO-key Adds Senior Executive Manny Alia to the Board of Directors to Help Drive Biometric ID Opportunities Across the African Continent

BIO-key International, Inc. (NASDAQ: BKYI) shares are trading sharply higher on Friday, after the company was awarded a $45 million contract for its biometric software and hardware solutions.

Why BIO-Key's Stock Is Trading Higher Today

WALL, N.J. and LAGOS, Nigeria, March  27, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large scale identity, announced today it has secured a contract to provide its biometric software and hardware solutions in support of a Nigerian Ministry of Labour program to educate, empower and create employment for one million recent college graduates in Nigeria. The program also seeks to foster the creation of a secure and scalable e-commerce infrastructure to support a variety of industries across Nigeria. BIO-key expects to generate $45M in revenue from this contract over the next 18 months.

BIO-key Secures $45M Contract to Build Secure E-commerce Infrastructure Across Nigeria and to Support the Creation of Employment for One Million, in Partnership with Nigeria’s Federal Ministry of Labour, Through its National Electronic Labour Exchange

WALL, N.J., March  23, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large-scale identity, announced today that after a successful initial deployment of BIO-key biometric authentication solutions, the Dubai Police Force has expanded its use of the Company’s software and hardware solutions.

Dubai Police Force Expands Deployment of Biometric Authentication, Utilizing BIO-key’s ID Director for Windows Software and PIV-Pro™ Fingerprint Readers

WALL, N.J., March  12, 2020  (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions today announced that flagship customer Capitec Bank Holding Company of Stellenbosch, South Africa has exceeded nine million customers enrolled in their BIO-key-based in-branch biometric client identification system.  Capitec customer enrollments in BIO-key have grown substantially since the bank deployed its system using BIO-key in 2015.  The innovative system for streamlining client identification while enhancing security for its customers was one of the first of its kind in South Africa.    

Capitec Bank Exceeds Nine Million BIO-key-Enrolled Customers  for In-Branch Identification in South Africa

WALL, N.J. and LAGOS, Nigeria, March  11, 2020  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric software and hardware solutions for strong, convenient user authentication and large scale identity announced today that it has secured a $30 million contract for its biometric authentication platform through its partner Technology Transfer Institute of Africa (TTI) and the Company’s newly created subsidiary based in Africa.  The solutions, based on BIO-key’s WEB-key biometric security platform, will facilitate the enrollment of users and the positive identification of individuals for a telecommunications company in Nigeria, working in conjunction with its Nigerian identity supply partner, Chams PLC. Chams Plc, (NSE: CHAMS, Bloomberg: CHAMS: NL, Financial Times: CHAMS: LAG)

BIO-key Secures $30M Contract for Biometric Security Solutions for African Telecommunications Company

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WALL, N.J., Dec.  13, 2019  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (Nasdaq: BKYI), an innovative provider of biometric identity, authentication and security solutions, today announced that Florida’s Orange County Supervisor of Elections has selected BIO-key to add a critical layer of biometric security to protect access to public records with the strongest form of authentication. Orange County, Florida’s fifth largest county, will utilize BIO-key’s  ID Director  biometric software solution to secure appropriate access to voter data and files.

Florida Extends Use of Biometric Authentication Technology to Secure Access to Election Data; Orange County is Fifth Florida County to Deploy BIO-key Solutions

Dr. Maduawuchi “Steve” Uwazie appointed Managing Director Dr. Maduawuchi “Steve” Uwazie appointed Managing Director

BIO-key Launches ‘BIO-key Africa’ Subsidiary to Pursue Large, High-Growth Biometric Security Opportunity Across the Continent

BIO-key International, Inc. (BKYI) CEO Mike DePasquale on Q3 2019 Results - Earnings Call Transcript

WALL, N.J. and OWERRI, Nigeria, Nov.  04, 2019  (GLOBE NEWSWIRE) --   BIO-key International, Inc.   (NASDAQ:   BKYI  ), an innovative provider of biometric authentication and security solutions, today announced that the company has added Technology Transfer Institute of Africa (TTI) as a Channel Alliance Partner (CAP).  The CAP program is designed for Managed Service Providers (MSP’s), Security Integrators, and value-added resellers (VAR’s) who specialize in providing security solutions to their customers.

BIO-key adds Technology Transfer Institute of Africa to its Channel Alliance Program; Bolstering Sales Reach in Large, High-Growth African Market

Administrative Offices within Congress are Using BIO-key Fingerprint Technology Administrative Offices within Congress are Using BIO-key Fingerprint Technology

BIO-key Biometric Solutions Are Gaining Traction on Capitol Hill

WALL, N.J., Oct.  16, 2019  (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today announced that its newly established reseller partnership with Applied Technologies has secured an order to provide a biometric authentication solution to a consumer facing service provider that was seeking to enhance its network security by reducing its reliance on passwords.

BIO-key and European IT Services Provider Applied Technologies Team to Deliver Company-Wide Biometric Authentication Solution to a European Consumer Services Provider

Warns Mainstream Token and Phone-Based Multi-Factor  Approaches are Vulnerable to Circumvention Warns Mainstream Token and Phone-Based Multi-Factor  Approaches are Vulnerable to Circumvention

FBI Cyber Task Force Advises Businesses to Incorporate Biometric Factors to Mitigate Multi-Factor Authentication Risk

WALL, N.J., Sept.  30, 2019  (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today announced two additional County Election Boards in Florida have selected BIO-key solutions to enhance the security of their identification and authentication process for staff members and volunteers involved in managing the voting process. The Election Boards are acting to enhance security for the upcoming 2019 regional elections and the 2020 presidential election.

Interest Grows in BIO-key’s Multifactor Biometric Election Security Capabilities as Additional Florida Counties Adopt the Solution

WALL, N.J., Sept.  27, 2019  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, today announced it has received a continued listing deficiency notice from The Nasdaq Stock Market LLC because its share price has not met the $1.00 minimum closing bid price requirement for 30 consecutive trading days - Nasdaq Listing Rule 5550(a)(2) and 5810(c)(3)(A). This notice has no immediate effect on the Company’s Nasdaq listing or the trading of its common stock.

BIO-key Receives Nasdaq Notification Regarding $1.00 Minimum Closing Bid Price Requirement - Has 180 Days to Regain Compliance

WALL, N.J., Sept.  24, 2019  (GLOBE NEWSWIRE) --  BIO-key International, Inc.  (NASDAQ:  BKYI ), an innovative provider of biometric authentication and security solutions, today announced that the company has launched a Channel Alliance Partner (CAP) program.  The program is designed for Managed Service Providers (MSP’s), Security Integrators, and VAR’s who specialize in providing security solutions to their customers. 

BIO-key Launches Channel Alliance Partner Program for Multi-factor Authentication (MFA) Security Solutions

Further Extending BIO-key’s Global Law Enforcement Deployments Further Extending BIO-key’s Global Law Enforcement Deployments

South American National Police Force Deploys BIO-key ID Director for Windows, a Multi-factor IAM Solution

BIO-key International, Inc. (BKYI) CEO Mike DePasquale on Q2 2019 Results - Earnings Call Transcript

BIO-key International, Inc. (BKYI) CEO Mike DePasquale on Q1 2019 Results - Earnings Call Transcript

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