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) operates in the biometric authentication and identity access management sector, where developments related to cybersecurity threats, regulatory changes, and technology adoption directly impact business operations. News coverage of the company typically focuses on product releases, customer deployments, financial performance, partnership announcements, and competitive positioning within the IAM market.
Product announcements represent a significant category of Bio-Key news, as the company introduces new fingerprint scanners, software capabilities, and authentication features. These releases often highlight certifications such as FBI FAP 20, PIV compliance, FIPS validation, and liveness detection capabilities that qualify products for use within government, defense, and regulated industries. Hardware product launches typically emphasize technical specifications, compatibility with authentication standards, and integration with the PortalGuard platform.
Customer deployment announcements provide insight into Bio-Key's market traction and sector penetration. Defense sector wins, government agency implementations, healthcare organization deployments, and higher education installations demonstrate the company's ability to secure contracts in competitive procurement processes. These announcements may reference deployment scale, geographic regions, and specific security requirements that Bio-Key's solutions address, though details are often limited by confidentiality agreements.
Partnership news covers distribution agreements, technology integrations, and strategic alliances that expand Bio-Key's market reach. International distributor partnerships enable entry into regional markets including Scandinavia, Middle East, Africa, and Southeast Asia. Technology partnerships with cloud platforms, identity providers, and security vendors demonstrate interoperability and ecosystem participation. Availability on marketplaces such as AWS expands procurement channels for cloud-centric customers.
Financial results announcements disclose revenue, gross margins, operating expenses, cash positions, and forward guidance. Investors monitor revenue trends, customer acquisition metrics, sector diversification, and progress toward profitability. Warrant inducement transactions, financing activities, and capital structure changes also generate news coverage relevant to shareholders evaluating the company's financial position.
Industry developments affecting the broader IAM and biometric authentication markets influence Bio-Key's business environment. Data breach incidents that compromise passwords increase demand for passwordless authentication. Regulatory mandates requiring multi-factor authentication create compliance-driven market opportunities. Technology trends including zero-trust architecture adoption, remote work proliferation, and cloud application migration shape customer requirements and buying criteria.
Competitive dynamics within the IAM market include activity by larger technology companies offering authentication capabilities alongside broader platforms, specialized biometric vendors, and identity-as-a-service providers. Bio-Key's positioning emphasizes Identity-Bound Biometrics as a differentiating technology, flexibility supporting multiple authentication methods and deployment models, and focus on high-security markets including defense and government.
Stock performance and analyst coverage provide additional news context for investors tracking Bio-Key shares. Price movements often correlate with product announcements, contract wins, financial results, and broader market conditions affecting small-cap technology stocks. The company's NASDAQ listing provides liquidity and visibility within public markets, though trading volumes and analyst coverage remain limited compared to larger cybersecurity companies.
BIO-key International (NASDAQ: BKYI), a provider of Identity and Access Management solutions featuring Identity-Bound Biometric capabilities, has scheduled its first quarter 2025 earnings conference call for Friday, May 16th at 10:00 AM ET. The company will release its Q1 2025 financial results after market close on Thursday. The conference call will be led by Chairman & CEO Mike DePasquale and CFO Cecilia Welch, followed by a Q&A session.
Investors can access the call via phone at 1-877-418-5460 (U.S.) or 1-412-717-9594 (International). A webcast replay will be available for 3 months, and an audio replay can be accessed using code 6501265.
BIO-key International (NASDAQ: BKYI), a provider of Identity and Access Management solutions, has successfully regained compliance with Nasdaq listing requirements. The company had received a non-compliance notice on April 17, 2025, due to failing to timely file its Annual Report (Form 10-K) for the year ended December 31, 2024, violating Nasdaq Listing Rule 5250(c)(1).
The notification did not immediately affect BKYI's listing status on the Nasdaq Capital Market. The company resolved the issue by filing its Form 10-K on April 23, 2025, and received confirmation of compliance restoration from Nasdaq on April 24, 2025, officially closing the matter.
BIO-key International (NASDAQ: BKYI) has announced a strategic partnership with Arrow ECS Iberia, a leading cybersecurity distributor in Spain and Portugal. The partnership, which adds Arrow ECS Iberia to BIO-key's Channel Alliance Partner program, aims to expand the availability of BIO-key's Identity and Access Management (IAM) solutions across the Iberian market.
The partnership will be officially unveiled at the Arrow ECS Event on April 2, 2025, at MEO ARENA in Lisbon, where over 800 partners and cybersecurity experts are expected to attend. BIO-key will showcase their solutions including Multi-factor Authentication (MFA), Single Sign-On (SSO), and Identity-Bound Biometrics (IBB).
Arrow ECS Iberia will provide pre-sales consultation, technical training, and deployment support for BIO-key's solutions, focusing on regulatory compliance with NIS2 and GDPR directives. The partnership targets key industries including financial services, healthcare, critical infrastructure, and the public sector.
BIO-key International (Nasdaq: BKYI) reported its Q4 and full-year 2024 results, showing significant financial improvements despite an 11% revenue decline to $6.9M. The company's strategic shift away from Swivel Secure products to focus on high-margin software solutions led to a 20% increase in software license revenue to $5.2M.
Key financial highlights include:
- Net loss reduced by 49% to $4.3M in 2024
- Gross profit grew to $5.6M in 2024 from $1.4M in 2023
- Operating expenses reduced by 6% to $9.7M
- Cash used in operations decreased 23% to $2.91M
Notable achievements include partnerships with California Ed Tech JPA (reaching 195 institutions), National Bank of Egypt deployment, and securing a $910K financial services contract and $500K in defense ministry orders. The company's focus on passwordless, phoneless, and tokenless authentication solutions shows growing market traction, particularly in EMEA regions.
BIO-key International (NASDAQ: BKYI) has successfully completed a rapid deployment of biometric-based Identity and Access Management (IAM) solutions for a new International Defense Agency customer. The implementation, completed in just four days, includes multiple integrated solutions:
- PortalGuard On-Prem for Multi-factor Authentication and Single Sign-On
- WEB-key biometric authentication
- FIPS-certified PIV-Pro and ECO2 Fingerprint Scanners
- Passkey:YOU FIDO2 Authentication for passwordless access
The deployment demonstrates BIO-key's capability to deliver high-security, passwordless and phoneless authentication solutions in critical environments, with planned expansion in the coming months.
BIO-key International (NASDAQ: BKYI), a provider of Identity and Access Management and Identity-Bound Biometric solutions, has scheduled its Q4 2024 earnings conference call for Thursday, March 27th, 2025, at 10:00 AM ET. The company will release its financial results before the market opens on the same day.
The conference call will feature a presentation and Q&A session led by Chairman & CEO Mike DePasquale and CFO Cecilia Welch. The event will provide investors with insights into the company's performance and strategic initiatives in the identity and access management sector.
BIO-key International (NASDAQ: BKYI) has announced a new partnership with California's Education Technology Joint Powers Authority (Ed Tech JPA), an alliance of 195 K-12 schools serving over 2.6M students. The company's PortalGuard Platform has been approved as an identity management solution following an extensive RFP process.
This partnership is particularly significant given California's recent Phone-Free Schools Act (AB-1326) mandating policies to limit smartphone use in schools by July 2026. PortalGuard offers phone-less and tokenless authentication options, providing up to seventeen authentication methods including biometrics, challenge-response, and door access cards.
The Ed Tech JPA centralizes software procurement for member schools, ensuring compliance with data privacy laws and offering standardized licensing terms. BIO-key's solution will be available to all Ed Tech JPA members at competitive pricing through an easy-to-use web portal.
BIO-key International (NASDAQ: BKYI) has secured a contract with the Wyoming Department of Education (WDE) to implement its PortalGuard IDaaS platform for up to 20,000 staff members. The solution will enhance security and user experience through Multi-Factor Authentication (MFA) and Single Sign-On (SSO) capabilities.
The platform addresses WDE's challenges in managing multiple account credentials and aims to reduce IT support costs, particularly for password resets. Key features include advanced MFA options for improved phish-resistance, a centralized Account Dashboard for users to manage authentication preferences, and an Application Launchpad providing one-click access to digital resources like Google Drive and Microsoft OneDrive. The Administrator Dashboard offers IT teams enhanced control and visibility of user access patterns.
BIO-key International (NASDAQ: BKYI) announced that three higher education institutions - Northeast Iowa Community College, Eastern University, and University of Guam - with over 30,000 users have migrated from on-premises deployments to the PortalGuard IDaaS cloud platform. These institutions join over 50 organizations with 4+ million users who have adopted BIO-key's cloud solution since its November 2020 launch.
The migration to PortalGuard IDaaS enables customers to implement IT infrastructure best practices, streamline operations, improve uptime, and enhance disaster recovery capabilities. The platform offers reduced total ownership costs, strengthened cyberattack protection, and comprehensive visibility into user access across enterprises. The solution supports Zero Trust security frameworks and helps organizations meet stricter IT standards and cybersecurity insurance requirements.
BIO-key International (NASDAQ: BKYI) announced that the National Bank of Egypt (NBE), Egypt's largest financial institution, is implementing BIO-key's PortalGuard identity and access management platform along with an Identity Governance solution. The deployment, managed by Raya Information Technology, will serve NBE's 30,000 employees.
The project integrates PortalGuard's Multi-Factor Authentication and Single Sign-On capabilities to secure and simplify application access. This implementation will eliminate the need for employees to manage 14 separate logins, streamlining access while enhancing security through MFA. The bank plans to extend these capabilities to millions of B2B and B2C customers in the future, incorporating a Security Operations Center with advanced risk analysis tools.
FAQ
What is the current stock price of Bio-Key Intl (BKYI)?
What is the market cap of Bio-Key Intl (BKYI)?
