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, Inc. (BKYI) announced an expansion in its security solutions for higher education, particularly within the California Community College System, with over 55 colleges now receiving support. Mendocino College recently adopted BIO-key's PortalGuard IDaaS solution to enhance its online user experience and reduce IT costs related to password management. The solution offers secure single sign-on to critical applications like O365 and G-Suite, and is projected to cut IT help desk costs related to password resets by up to 95%. The growth of PortalGuard indicates a rising demand for robust identity management solutions.
BIO-key International (NASDAQ: BKYI) announces the launch of new biometrics hardware solutions, including the Pocket10™ fingerprint scanner and USB-C versions of the SidePass® and SideSwipe® scanners. Designed to meet rising demand from enterprises and government, these devices enhance mobile enrollment and provide secure authentication options. The global biometric market is projected to grow from $22 billion in 2021 to $55 billion by 2027. These innovations strengthen BIO-key's position as a leader in identity and access management solutions.
BIO-key International (NASDAQ: BKYI) has partnered with Kristel Communication Ltd., a Kenyan cybersecurity provider, to enhance its distribution of the PortalGuard Identity as a Service (IDaaS) solution in East Africa. Kristel will leverage its reseller network to sell BIO-key’s cloud-based identity management and biometric solutions, catering to commercial and government domains. The partnership aims to capitalize on the rising demand for IDaaS amid the shift to cloud computing and biometric authentication, as predicted by Gartner, which anticipates a 35% growth in the sector.
BIO-key International (Nasdaq: BKYI) has announced a $1.2M, three-year follow-on contract from a Fortune 500 telecommunications client. This order ensures continued support for its enterprise fingerprint biometric authentication platform, safeguarding access for hundreds of thousands of global personnel and supply chain partners. The company's solutions are designed to provide enhanced security and flexibility over traditional multi-factor authentication methods, addressing enterprise needs for secure access management.
BIO-key International (BKYI) announced significant growth in product revenue, rising from $257K to nearly $1.4M. The company reported two follow-on orders totaling nearly $500K from a renowned international defense ministry, expanding their biometric authentication solutions. This deployment enhances security for Microsoft applications through biometric single sign-on, demonstrating the efficacy of BIO-key's technology. The ministry's repeated orders reflect their satisfaction with BIO-key's services, indicating a strong partnership and ongoing demand.
BIO-key International, Inc. (NASDAQ: BKYI) has announced its PortalGuard IDaaS has been shortlisted as a finalist for SC Media's Trust Awards in the Best Authentication Technology category. This recognition highlights the platform's comprehensive identity and access management capabilities, which include multi-factor authentication, single sign-on, and over 15 authentication methods. With over 20 years of experience, PortalGuard serves various sectors, including healthcare and finance, addressing increasing cybersecurity threats.
BIO-key International, Inc. (Nasdaq: BKYI) announced its Q4 and FY 2020 results, reporting a 99% revenue increase in Q4 to $1.1M, and an overall 25% rise to $2.8M for the year. The company completed a $24.8M public offering and ended 2020 with $19.0M in current assets. Notable highlights include the acquisition of PortalGuard, which boosted growth potential and positioned the company for significant expansion, particularly with projected revenues in 2021 between $8M and $12M. Despite a net loss of $1.4M in Q4, improvements in gross margin and operating expenses reflect positive trends.
BIO-key International (BKYI) has announced the shipment of biometric hardware and software to Nigeria, valued at approximately $500K, marking progress in large-scale civil ID and financial inclusion projects. Initially secured in March 2020, these projects faced delays due to COVID-19 and civil unrest. CEO Michael W. DePasquale expressed optimism for increasing deliveries and technology deployments throughout 2021. The company aims to enhance economic empowerment and secure identity management solutions in Nigeria, supporting the government's efforts for financial inclusion.
BIO-key International (NASDAQ: BKYI) will host a conference call on March 25, 2021, at 10 a.m. ET to discuss its fourth quarter and full FY 2020 results. The results will be announced before the market opens. Participating in the call will be Mike DePasquale (Chairman & CEO), Cecilia Welch (CFO), and Fred Corsentino (Chief Revenue Officer). Investors can join the call by dialing 1-877-418-5460 for U.S. participants or 1-412-717-9594 for international attendees. A live webcast will also be available.
BIO-key International, Inc. (NASDAQ: BKYI) will host a conference call on March 25, 2020, at 10 a.m. ET to discuss its fourth quarter and full FY 2020 results. The call will feature key executives including Mike DePasquale, Cecilia Welch, and Fred Corsentino. Prior to the call, results will be announced before the market opens. Investors can access the call via dial-in numbers or through a live webcast available for three months post-event.
FAQ
What is the current stock price of Bio-Key Intl (BKYI)?
What is the market cap of Bio-Key Intl (BKYI)?
