Welcome to our dedicated page for Bio-Key Intl news (Ticker: BKYI), a resource for investors and traders seeking the latest updates and insights on Bio-Key Intl stock.
BIO-key International Inc (BKYI) delivers innovative biometric authentication solutions for enterprise security and identity management. This dedicated news hub provides investors and industry professionals with complete access to official company announcements and verified developments.
Track all critical updates including earnings disclosures, product launches, strategic partnerships, and regulatory filings. Our curated collection ensures efficient monitoring of BKYI's advancements in fingerprint biometrics, identity-as-a-service platforms, and cybersecurity innovations.
Discover updates on key operational areas: deployment of PortalGuard® identity solutions, government sector contracts, and advancements in passwordless authentication technology. Content is rigorously verified to support informed decision-making in the biometrics and cybersecurity markets.
Bookmark this page for streamlined access to BIO-key's latest milestones. Check regularly for authoritative updates on one of the biometric industry's most dynamic providers of hardware and software authentication solutions.
BIO-key International (BKYI) announced that Herkimer County, NY has chosen its PortalGuard IAM platform to enhance cybersecurity measures. The platform will equip the County's workforce with secure access to critical data, ensuring compliance with cybersecurity insurance requirements. PortalGuard offers flexibility through multiple authentication methods, catering to the varied experience levels of users. Mark Cochran, President of BIO-key, emphasized the importance of robust access controls in the face of modern cyber threats.
BIO-key International, Inc. (NASDAQ: BKYI) has launched an enhanced version of its PortalGuard® Identity-as-a-Service (IDaaS) platform Admin Panel to streamline Identity and Access Management (IAM) for IT teams. This upgrade allows for efficient management and upgrades, addressing the increasing cyber risks and the shift to remote work during the pandemic. The solution replaces multiple IAM tools with a unified platform, providing features such as multi-factor authentication and granular security policies. Mark Cochran, President of BIO-key, emphasized the need for solutions that are easy to manage and resource-efficient.
BIO-key International, Inc. (NASDAQ: BKYI) announced that Grand Rapids Community College (GRCC) has chosen its PortalGuard identity and access management (IAM) solution. The selection aims to enhance user satisfaction by reducing password fatigue and improving security with multi-factor authentication (MFA). PortalGuard supports over 400,000 users, providing seamless access to critical applications like PeopleSoft and Blackboard. This decision follows a competitive bidding process, highlighting the solution's significant security features and overall value.
BIO-key International, Inc. (BKYI) announced that Orange Bank & Trust Company has selected its PortalGuard® Identity-as-a-Service (IDaaS) platform, including WEB-key biometric authentication, to enhance security for enterprise applications. Orange Bank, with $1.9 billion in total assets, aims to streamline access management across multiple locations with advanced multi-factor authentication options. This partnership is expected to increase security flexibility and improve user experience while reducing IT resource costs.
BIO-key International reported Q3 2021 revenues of $1.3M, a 38% increase from $943K in Q3 2020, driven by a rise in license fee revenues. Despite a net loss of $1.0M, the company improved its operating loss by 9% to $1.0M. The transition to cloud-based solutions is gaining momentum, contributing to an estimated 80% recurring revenue from software subscriptions. However, the outlook for full-year 2021 revenue has been revised downward to $5.5M-$7M due to delays in large-scale projects in Africa. The company maintains a strong cash position with no debt, ending Q3 with $9.6M in cash.
BIO-key International, Inc. (NASDAQ: BKYI) will host a conference call on November 16, 2021, at 10 a.m. ET to discuss its Q3 2021 results, which will be released after market close on November 15th. Key officials, including Chairman Mike DePasquale and CFO Cecilia Welch, will participate. Investors can access the call via a dial-in number or through a live webcast, which will also be available for replay for three months. BIO-key specializes in identity and access management solutions, leveraging biometric technology.
BIO-key International, Inc. (NASDAQ: BKYI) announced the addition of Cyberlitica to its Channel Alliance Partner Program, enhancing its cybersecurity capabilities. Cyberlitica specializes in advanced cyber threat intelligence and aims to help organizations combat cyberattacks through a comprehensive suite of products. This partnership facilitates a holistic approach to cybersecurity, addressing key functions outlined by NIST, including identification, protection, detection, response, and recovery. BIO-key’s PortalGuard platform further enhances security by reducing IT support calls and improving productivity.
BIO-key International has been selected by Oklahoma Wesleyan University (OKWU) to implement its PortalGuard Identity-as-a-Service (IDaaS) platform. This collaboration aims to enhance identity and access management for over 200 higher education institutions across the U.S. The PortalGuard solution features Multi-Factor Authentication, Self-Service Password Reset, and Single Sign-On capabilities, promising improved security and user experience. Mark Cochran, President of BIO-key, highlighted the platform's ease of installation and integration, underscoring its rapid deployment and value in organizational security.
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