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. (NASDAQ: BKYI) is an identity and access management (IAM) and biometric authentication company whose news flow centers on product innovation, strategic partnerships, investor communications, and capital markets activity. Press releases describe BIO-key as a biometric-centric, multi-factor IAM provider enabling phoneless, tokenless, passwordless, and phishing-resistant authentication for enterprise and large-scale identity deployments.
On this page, readers can follow updates on BIO-key’s participation in industry conferences and investor events, such as the Gartner Identity & Access Management Summit, the Africa Tech Festival, and the DealFlow Discovery investor conference. These announcements often highlight new passwordless capabilities, identity-bound biometric technologies, and demonstrations of the PortalGuard IAM platform.
Company news also covers strategic partnerships that extend BIO-key’s reach in key regions. Recent releases describe collaborations with SAVIS Group in Vietnam, VaporVM in the Middle East and Africa, and Cloud Distribution in Saudi Arabia. Through these relationships, BIO-key’s IAM and biometric solutions are integrated into broader cybersecurity and digital transformation offerings for enterprises, government agencies, and institutions.
Investors can track earnings-related communications and balance sheet updates through quarterly results announcements and associated investor calls. BIO-key’s news includes details on hardware launches such as the EcoID III fingerprint scanner, as well as disclosures about warrant exercise agreements and secured promissory notes that affect the company’s capital structure.
By monitoring the BKYI news feed, users can see how BIO-key positions its biometric and IAM technologies in sectors such as defense, finance, government, and education, and stay informed about material events reported in press releases that complement the company’s formal SEC filings.
BIO-key International (NASDAQ: BKYI) has announced a partnership with 3Eye Technologies to enhance its Identity and Access Management (IAM) solutions. This collaboration aims to provide advanced security and convenience in sectors such as financial services and local governments. By leveraging 3Eye Technologies' network, BIO-key plans to broaden its reach, focusing on the increasing demand for secure IAM solutions in the wake of rising cyber threats. This strategic alliance positions BIO-key to further penetrate key markets while promoting its innovative Identity-Bound Biometrics technology.
BIO-key International, Inc. (BKYI) reported a strong FY’21 with an 80% revenue increase to $5.1M, driven by its PortalGuard IAM solution. Key highlights include support for over 2.5M students, new government contracts, and the acquisition of Swivel Secure Europe, which generated $3.1M revenue in 2021. The company is optimistic about 2022, projecting revenue between $10-13M, equivalent to over 100% growth.
However, Q4'21 revenue fell to $935K from $1.1M YoY. Operating expenses rose to $8.4M, leading to an operating loss of $4.9M, though the net loss decreased from $9.8M in FY’20 to $5.1M.
BIO-key International, Inc. (Nasdaq: BKYI) announced that its Chairman and CEO, Mike DePasquale, will participate in the Maxim Group Emerging Growth Virtual Conference from March 28-30, 2022. The conference will include presentations, fireside chats, and roundtable discussions, allowing investors to engage directly with BIO-key’s leadership. Interested investors can register via the conference registration page starting March 28. BIO-key specializes in identity and access management solutions, revolutionizing secure access through Identity-Bound Biometrics.
BIO-key International (NASDAQ: BKYI) announced its participation as a sponsor and exhibitor at the 2022 CISOA Technology Summit in Ontario, California, from March 20-23. The event targets IT professionals in higher education, with a focus on enhancing cybersecurity strategies. BIO-key will showcase its PortalGuard platform, which helps educational institutions secure remote learning and meet cybersecurity requirements. Seminars by clients like College of the Canyons will highlight successful implementations. BIO-key's partnership with Pathify aims to improve student portal experiences.
BIO-key International, Inc. (NASDAQ: BKYI) will discuss its fourth quarter and full year 2021 results during a conference call on March 29, 2022, at 10 a.m. ET. The call will feature key executives including Chairman & CEO Mike DePasquale and CFO Cecilia Welch. Results will be available before market opening on the same day. The company emphasizes its role in identity and access management through innovative biometric solutions. Investors can access the call via dial-in or a live webcast.
BIO-key International, Inc. (NASDAQ: BKYI) is sponsoring a workshop titled “Cyber Security: A Primer for County Leaders” on March 14, 2022, during the NYSAC Legislative Conference. This initiative aims to educate county leaders about current cyber threats and defense strategies, especially in the wake of increased ransomware and phishing attacks. Michael DePasquale, Chairman and CEO, emphasizes the importance of understanding cyber risks to protect citizens. BIO-key continues to gain preference among county governments for its PortalGuard IAM platform and emphasizes affordable MFA solutions.
BIO-key International, Inc. (NASDAQ: BKYI) announced its acquisition of Swivel Secure Europe, S.A. (SSE), an IAM solutions provider in the EMEA markets. This acquisition significantly enhances BIO-key's capabilities, bringing in approximately $3.1M in revenue and $578K in operating income from SSE in 2021. Notably, SSE has a five-year exclusive distribution agreement for Swivel Secure Limited's software across EMEA, adding a ten-member sales team and strong partnerships with key firms such as SAP and IBM. This strategic move aims to strengthen BIO-key's cybersecurity offerings amid increasing threats.
BIO-key International (NASDAQ: BKYI) has launched a national enrollment program in partnership with Sterling Bank Nigeria's Specta, aiming to provide biometric equipment for the National Identity Management Commission’s enrollment initiative. The program, co-funded by the World Bank and the Nigerian government, seeks to enhance financial inclusion and identity verification across remote areas. Utilizing BIO-key’s mobile biometric solutions, the initiative will facilitate access to government and commercial services for Nigerian citizens, thereby supporting economic growth and technological advancement in the region.
BIO-key International, Inc. (NASDAQ: BKYI) announced that North Central College in Illinois has chosen its PortalGuard IDaaS platform to enhance security and improve user experience. The implementation will provide secure multi-factor authentication (MFA) and single sign-on (SSO) for campus applications, reducing IT costs related to support. BIO-key continues to expand its reach in the higher education sector, supporting over 2.5 million users. The company emphasizes its role in offering robust identity and access management solutions to meet the rising cyber threats facing educational institutions.
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