Biokey International Inc (BKYI)

[iam4]

Earnings call reveals nothing new. Same as last year, one big deal at the last minute.

It's not a death spiral, but certainly dying the same slow death.

They spent 7 years closing one deal that composed >50% of their quarter and 33% of their annual number.

Unfortunately, they don't fit the model of a NASDAQ company.

They are not going to collect enough in 20-month old unpaid receivables to fund their operations, and they do not historically generate profit through sales.

I predict that this was our last FY earnings call. BKYI will survive 1-2 quarters.

I predict we'll hear about layoffs in May.

I predict that there will be no new customers, but we'll hear more about Amazon. Amazon is not a business model. Wal-Mart is not a business model.

Prove me wrong!