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I've seen this same sentence in the reports for 15+ years and yet, never a positive year.
We expect revenue from this customer to increase significantly in the next two-year period commencing in 2026, due to their expanding deployment and the addition of our one-to-many fingerprint-only biometric ID system that requires no card or account number for client Identification
Regains Nasdaq Compliance ! BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
Engage with BIO-key
BKYI.............................................a/h
Revenues surging for Biokey. BKYI is a great multi-dollars opportunity.
$1.80s quick flipper .. Three Higher Education Customers with 30,000+ Users Migrate to BIO-key's PortalGuard IDaaS Cloud Platform for Streamlined Operations and Enhanced Access Management
Northeast Iowa Community College – Peosta, IA;
Eastern University – St. Davids, PA; and
University of Guam – Mangilao, Guam,
with over 30,000 users, have migrated their on-premises deployments of PortalGuard to the PortalGuard IDaaS enterprise security platform. These customers join over 50 organizations with 4+ million users that have embraced BIO-key’s cloud-based solution since its November 2020 launch.
Migrating to the PortalGuard IDaaS platform enables BIO-key customers to adopt IT infrastructure best practices, streamline and centralize operations, improve uptime, enhance resource access efficiency, and enable seamless disaster recovery. PortalGuard IDaaS adoption enhances operational effectiveness, reduces the total cost of ownership, and strengthens protection against cyberattacks. By partnering with BIO-key experts, organizations can collaboratively manage end-user access to applications and data while ensuring robust security controls are in place.
The growing threat of security breaches, stricter IT standards, and more demanding cybersecurity insurance requirements are prompting organizations to embrace cloud-based solutions for protecting their applications and data. With PortalGuard IDaaS, BIO-key customers can seamlessly transition to a unified identity management system that provides comprehensive visibility into user access across the entire enterprise, regardless of login location. This integrated solution boosts productivity by minimizing workflow disruptions and enhances support for Zero Trust security frameworks, which are increasingly essential for maintaining a strong security posture.
"IT leaders are shifting from on-premises technology to flexible, scalable, and cost-effective cloud solutions," said Mark Cochran, President of BIO-key – PortalGuard. "With PortalGuard IDaaS, organizations can adjust resources as needed, eliminate wasteful spending, and quickly respond to peak demands. Our cloud solution not only offers greater agility and cost savings but also provides opportunities for organizations to transform these benefits into a competitive advantage, all while reducing reputational risks.
About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
OUCH THEY GOT YA GOOD HERE...WATCH THOSE ALGO ROBOTS!
NEW JERSEY > Corporate Headquarters. 101 Crawfords Corner Road. Suite 4116. Holmdel, NJ 07733. Office: 1-866-846-2594. ...
New England Office. 10 Corporate Drive. Suite 209. Bedford, NH 03110. ...
Technology, R&D. 2121 Cliff Drive. Suite 100. Eagan, MN 55122. ...
International Office. Paseo de la Castellana, 200. 28046 Madrid, Spain.
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless, and phish-resistant authentication, will present and meet with investors at DealFlow Event’s Microcap Conference on Wednesday, January 29th & 30th at the Borgata hotel in Atlantic City, New Jersey.
CEO Mike DePasquale will present at 2:00pm ET on Wednesday and be available for meetings both days.
Our collaboration between Raya Information Technology and BIO-key represents a major milestone in strengthening our cybersecurity infrastructure,” stated Abeer Khedr, Information Security Director at the National Bank of Egypt. “This project empowers us to secure access to our critical systems today and lays the groundwork for delivering secure and seamless authentication for millions of our B2B and B2C customers in the near future.”
BIO-key revolutionizes authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) solutions, securing access for over forty million users globally. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premises PortalGuard solution provides cost-effective, easy-to-deploy, convenient, and secure access to networks, information, applications, and high-value transactions.
Here we go - Boom
That 2.50 break was a strong trigger
BKYI................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
Walk like an Egyptian move $2.32 + 70% 2m floater
BKYI...............................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
bkyi.....................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
bkyi............................................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
bkyi............................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
Not much but biometrics hot back to $2s no surprises here with 2m float
Ready to supersize here nice low floater 2m
$1.33 + 21%
BIO-key and Fiber Food Systems Inc. Collaborate to Enhance Security and Efficiency in the Food Tech Sector
BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) | ||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2024 | 2023 | 2024 | 2023 | |||||||||||||
Revenues | ||||||||||||||||
Services | $ | 267,371 | $ | 587,893 | $ | 764,062 | $ | 1,740,880 | ||||||||
License fees | 1,441,011 | 950,015 | 4,165,669 | 3,764,342 | ||||||||||||
Hardware | 436,422 | 279,200 | 537,562 | 424,582 | ||||||||||||
Total revenues | 2,144,804 | 1,817,108 | 5,467,293 | 5,929,804 | ||||||||||||
Costs and other expenses | ||||||||||||||||
Cost of services | 110,723 | 125,039 | 322,957 | 639,996 | ||||||||||||
Cost of license fees | 146,732 | 253,891 | 443,384 | 1,022,919 | ||||||||||||
Cost of hardware | 207,655 | 97,674 | 260,684 | 240,074 | ||||||||||||
Cost of hardware - reserve | - | 1,000,000 | - | 2,500,000 | ||||||||||||
Total costs and other expenses | 465,110 | 1,476,604 | 1,027,025 | 4,402,989 | ||||||||||||
Gross profit | 1,679,694 | 340,504 | 4,440,268 | 1,526,815 | ||||||||||||
Operating Expenses | ||||||||||||||||
Selling, general and administrative | 1,607,925 | 1,776,305 | 5,332,764 | 5,851,201 | ||||||||||||
Research, development and engineering | 652,174 | 529,757 | 1,850,929 | 1,778,097 | ||||||||||||
Total Operating Expenses | 2,260,099 | 2,306,062 | 7,183,693 | 7,629,298 | ||||||||||||
Operating loss | (580,405 | ) | (1,965,558 | ) | (2,743,425 | ) | (6,102,483 | ) | ||||||||
Other income (expense) | ||||||||||||||||
Interest income | 2 | 5,917 | 53 | 5,944 | ||||||||||||
Loss on foreign currency transactions | - | - | - | (15,000 | ) | |||||||||||
Loan fee amortization | (60,000 | ) | - | (64,000 | ) | - | ||||||||||
Change in fair value of convertible note | - | 167,283 | - | 264,706 | ||||||||||||
Interest expense | (98,556 | ) | (45,655 | ) | (108,823 | ) | (159,380 | ) | ||||||||
Total other income (expense), net | (158,554 | ) | 127,545 | (172,770 | ) | 96,270 | ||||||||||
Loss before provision for income tax | (738,959 | ) | (1,838,013 | ) | (2,916,195 | ) | (6,006,213 | ) | ||||||||
Provision for (income tax) tax benefit | - | 189 | - | (142,811 | ) | |||||||||||
Net loss | $ | (738,959 | ) | $ | (1,837,824 | ) | $ | (2,916,195 | ) | $ | (6,149,024 | ) | ||||
Comprehensive loss: | ||||||||||||||||
Net loss | $ | (738,959 | ) | $ | (1,837,824 | ) | $ | (2,916,195 | ) | $ | (6,149,024 | ) | ||||
Other comprehensive income (loss) – Foreign currency translation adjustment | 89,933 | 35,364 | 51,878 | 127,394 | ||||||||||||
Comprehensive loss | $ | (649,026 | ) | $ | (1,802,460 | ) | $ | (2,864,317 | ) | $ | (6,021,630 | ) | ||||
Basic and Diluted Loss per Common Share | $ | (0.39 | ) | $ | (3.22 | ) | $ | (1.69 | ) | $ | (10.79 | ) | ||||
Weighted Average Common Shares Outstanding: | ||||||||||||||||
Basic and diluted | 1,889,694 | 570,753 | 1,726,716 | 569,882 | ||||||||||||
All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023. | ||||||||||||||||
Superb pump to $1.95 keep an eye on NBIS ipo branch off of Yandez autonomous AI play
AMAZING VOLUME 73 mil shares!!!!😲
Circuit breaker
Ec
Got out a little too early but it's all good.
1.80 the guy is good almost 200k shares
$BKYI 1.80
— THE FINAL COUNTDOWN (@THIS_TIME_X) October 29, 2024
Yooooooooooooooooooooooooooooo
BKYI...........................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
$BKYI we are long 7% of the float from $1.
— Benjamin Yo (@short_cap) October 29, 2024
Sell target $1.9
We will sell our entire position starting at 9am market time https://t.co/brFVKPeO5O
Checkout NWTN nice gains BKYI
1.55 congrat$
another moon alert @ .98
That's a nice little order for this Company: BIO-key Secures $910,000 Order to Upgrade Long-Time Financial Services Customer to Enhanced Biometric Customer Identification Technology
HOLMDEL, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication, announced that it has received a $910,000 order from a long-term financial services customer to upgrade to BIO-key’s “fingerprint only” Biometric Customer Identification Technology.
The technology enhancement builds on the customer’s expanding deployment of BIO-key technology to verify the identity of customers, now totaling over 25 million enrolled individuals. Previously customers were verified at a branch location by matching their fingerprint scan and their ID number, account number or card. By upgrading to BIO-key’s “fingerprint only” identification, the customer will be able to identify each of its clients by a simple fingerprint scan – without the need for a card, account or ID number, saving an estimated thirty seconds per client encounter.
The financial services customer plans to upgrade all its users to BIO-key’s fingerprint-only identity solution in order to further streamline what is already a best-in-class client experience of its existing BIO-key-based verification solution. The new client identification solution will be entirely hosted on Amazon Web Services (AWS) infrastructure in order to support the technical demands of real-time, one-to-many biometric identification as compared to one-to-one matching of a fingerprint scan with a biometric associated with an account number, ID number or card.
Following full deployment of the enhanced biometric customer identification solution during 2025, BIO-key expects annual recurring revenue (ARR) from this financial services customer to increase to approximately $1.4M per year.
“This financial services customer remains on the cutting edge of biometric technology deployment as it works to deliver the best possible customer experience and protection against fraud”, said Jim Sullivan, BIO-key’s SVP of Strategy and CLO. “After closely working with our team on advance testing, they found that upgrading to BIO-key’s one-to-many fingerprint-only identification technology would not only provide a better user experience but would also save a substantial amount of time at every client encounter, avoiding the time to retrieve a physical ID card. BIO-key’s unparalleled accuracy in identification and speed of indexed search makes this leap in efficient customer engagement possible. The upgrade advances our customer’s commitment to leveraging the power of biometric technology to execute secure digital, paper-less transactions for their clients. We believe this is one of the world’s largest deployments of one-to-many biometric technology in a private commercial or enterprise setting. Working with the client and our partner at AWS, we intend to publish a more detailed whitepaper on this deployment in order to support other enterprises’ understanding the benefits our advanced biometric identity solutions can provide.”
Time to flip out $1.17 smaller gains lock them in
.99 with 2m float. A little morning coffee brew
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