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wickw50

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wickw50

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Wednesday, 06/05/2024 10:38:14 AM

Wednesday, June 05, 2024 10:38:14 AM

Post# of 7425
June 4, 2024 – BIO-key is working to refile a series of financial statements to correct errors made while incorporating the finances of a recently-acquired subsidiary. In the meantime, the company has received a notice of non-compliance from Nasdaq for failing to file its Form 10-Q for its fourth quarter of fiscal 2023, which ended March 31, 2024.
A new Form 12b-25 filing with the Nasdaq shows BIO-key “made certain errors in the manner in which it recognized revenue generated” by Swivel Secure Europe, which it acquired in 2022 to extend the market reach of its biometric multi-factor authentication (MFA).

Wick(w50)

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