BIO-Key International Inc
NASDAQ:BKYI

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BIO-Key International Inc Logo
BIO-Key International Inc
NASDAQ:BKYI
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Price: 0.5897 USD 9.39% Market Closed
Market Cap: 6.4m USD

BIO-Key International Inc
Investor Relations

BIO-key International, Inc. engages in the provision of identity and access management (IAM) platform. The company is headquartered in Wall Township, New Jersey and currently employs 51 full-time employees. The firm's products include PortalGuard and PortalGuard identity-as-a-service (IDaaS) enterprise IAM, WEB-key biometric civil and large-scale ID infrastructure, and accessory hardware to customers. PortalGuard IDaaS offers flexible single sign-on and authentication options to meet users' security goals and deliver an optimized user experience. WEB-key is a scalable biometric service management platform, incorporating key functions for regulatory compliance, enrollment, authentication or identification, and integrity in a multi-tenant private or public cloud delivery platform. The company also offers biometric software integration application programming interfaces (APIs), allowing software developers to leverage its platform to securely embed biometric multi-factor authentication (MFA), into their own products.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Revenue: Q3 2025 revenue was $1.5 million, down from $2.1 million in Q3 2024, due to timing of large customer orders.

Recurring Revenue: Annual recurring revenue (ARR) is currently estimated at $6–7 million, with customer churn in the single digits.

Margins: Gross margin remained strong at 77%, only slightly lower than last year, with software margins above 90%.

Operating Expenses: Operating expenses decreased by over 10% year-to-date, and 8% in Q3, supporting lower breakeven.

Cash Position: Post-quarter, BIO-key raised approximately $3 million in cash, boosting liquidity.

Growth Drivers: Strong momentum and pipeline in defense, banking, and regulated sectors; large contract renewals and expansions expected in 2026.

Product Updates: Major PortalGuard platform upgrade and new EcoID III fingerprint scanner launched, aimed at regulated industries.

Partner Network: Expanding Channel Alliance Program in EMEA is expected to drive future growth.

Key Financials
Revenue
$1.5 million
Year-to-date Revenue
Slightly under $5 million
Gross Margin
77%
License Fee Revenue
$918,000
Service Revenue
$268,000
Hardware Sales
$364,000
Operating Expenses
$2.1 million
Net Loss
$965,000
Net Loss per Share
$0.15
Year-to-date Net Loss
$2.9 million
Year-to-date Net Loss per Share
$0.50
Cash (as of September 30, 2025)
$2 million
Current Assets (as of September 30, 2025)
$3.7 million
Accounts Receivable and Factor
$959,000
Warrant Exercise Proceeds (post-Q3)
$2.9 million
Annual License Fee (major banking customer)
Over $1 million
Annual Recurring Revenue (ARR)
$6–7 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael W. DePasquale
Chairman & CEO
No Bio Available
Ms. Cecilia C. Welch
Chief Financial Officer
No Bio Available
Mr. James David Sullivan
Senior VP of Strategy & Compliance and Chief Legal Officer
No Bio Available
Ms. Mira K. LaCous
Chief Technology Officer
No Bio Available
Mr. Akintunde Carlton Jeje
Managing Director of Africa
No Bio Available
Mr. Alex Rocha
Managing Director of EMEA
No Bio Available
Mr. Mark Cochran
President of PortalGuard
No Bio Available

Contacts

Address
NEW JERSEY
Wall Township
3349 State Route 138 Ste E
Contacts
+18668462594.0
www.bio-key.com