Biokey International Inc (BKYI)

[Gamco]

BIO-key International, Inc. (OTCMKTS:BKYI) Surges After Quarterly Results
by Anastas Gegov May 20, 2015

BIO-key International, Inc. (OTCMKTS:BKYI, BKYI message board)’s stock is usually being traded in very low volumes and the daily percentile movements that it makes are very small. The overall performance since the beginning of the year has not been very good, but we might see things change.

This time of the year we get to see how the companies have fared in the first quarter. BKYI also filed its financial report in Thursday last week. It contained the following numbers in the balance sheet.

•cash: $303 thousand
•current assets: $1.2 million
•current liabilities: $1.49 million
•quarterly revenues: $648 thousand
•quarterly net loss: $924 thousand

Those numbers aren’t exactly bad for an OTC company. On the downside, we see that the revenues have dropped compared to the same period last year. As we were assured by a press release from May 13, however, is due to less in licensing fees. The revenue coming from services has stayed almost the same.

In that press release we were also informed that the revenue guidance for 2015 remains in the ranges from $5 million to $7 million, which is more than that of 2014. This will not be surprising, considering the fact that although we saw the revenues drop in the final months of last year, the company recorded more than double the revenue posted in 2013.

Overall, despite the fact that BKYI is still unable to operate at a profit it is a pretty decent company compared to others we see in the OTC markets. Investors were probably a bit slow to react on the press release and the quarterly report because after going nowhere in Monday we saw BKYI jump 17.86% in yesterday’s session on nearly 10 times its average volume.

Still, we see BKYI hesitating since today’s market open, so be sure to do your due diligence and weigh out the risks before putting any money on the line.

http://www.hotstocked.com/article/90175/bio-key-international-inc-otcmkts-bkyi-surges.html