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 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.
BIO-key International (NASDAQ:BKYI), a provider of identity and access management solutions, will present at DealFlow's Microcap Conference on January 29-30, 2024, at the Borgata hotel in Atlantic City. CEO Mike DePasquale will present on Wednesday at 2:00 PM ET and be available for meetings both days.
The company reported an 18% increase in Q3'24 revenues to $2.1M, primarily driven by higher software license revenue from long-term customers. BIO-key has been pursuing strategic collaborations, including a recent agreement with Fiber Food Systems focused on global food security and food technology, and a planned partnership with Guinn Partners, an engineering solutions provider for robotics and drones. These partnerships aim to integrate BIO-key's IAM solutions with new use cases and expand their market presence.
BIO-key International (NASDAQ: BKYI), a provider of identity and access management solutions, will participate in DealFlow's Microcap Conference on January 29th & 30th, 2025, at the Borgata hotel in Atlantic City. CEO Mike DePasquale will present on Wednesday at 2:00 PM ET and be available for meetings both days.
The company reported an 18% increase in Q3'24 revenues to $2.1M, primarily driven by higher software license revenue from long-term customers. BIO-key has been pursuing strategic collaborations, including recent agreements with Fiber Food Systems for food security and food-technology initiatives, and Guinn Partners for integrating biometric security in robotics and drone systems.
The Microcap Conference, organized by DealFlow Events, is a 3-day event featuring publicly-traded microcaps and qualified private companies across high-growth sectors. The conference offers company presentations, one-on-one meetings, and networking opportunities, with keynote presentations and panel discussions focused on business, investing, and regulatory updates.
BIO-key International (NASDAQ: BKYI) announces its recognition in two Gartner reports highlighting passwordless authentication. The company introduces enhanced MobileAuth options featuring PalmPositive and FacePositive biometric authentication solutions to combat identity fraud. Unlike Apple's biometric systems, MobileAuth restricts access to a single authorized user for apps managed by PortalGuard IDaaS.
The company's PortalGuard Identity-as-a-Service platform supports 17 authentication methods and integrates with major identity platforms like Cisco DUO, ForgeRock, PING, and Microsoft Entra ID. BIO-key claims their solution delivers ROI in approximately 18 months, faster than competing MFA solutions. The company is showcasing these solutions at the 2024 Gartner IAM summit in Grapevine, Texas.
BIO-key International (NASDAQ: BKYI) announced a strategic partnership with Guinn Partners to enhance security in autonomous systems and IoT applications. The collaboration combines BIO-key's biometric authentication technologies with Guinn Partners' engineering expertise in robotics, drones, and electric propulsion systems.
The partnership aims to integrate biometric security into Guinn Partners' platforms, focusing on joint product development and market expansion. A key application includes securing semi-autonomous roadside mowers and eVTOL aircraft systems. The global eVTOL aircraft market, valued at $1.35 billion in 2023, is projected to grow at 54.9% CAGR to reach $23.4 billion by 2030.
The collaboration will implement BIO-key's identity-bound biometrics for phoneless, tokenless, and passwordless authentication, ensuring only authorized personnel can access and manage autonomous fleets.
BIO-key International (NASDAQ: BKYI) has entered into an agreement with Fiber Food Systems, exchanging 595,000 BIO-key shares (19% of outstanding shares) for 5,000,000 shares of Boumarang Inc., strengthening BIO-key's balance sheet with $5M in net assets. The collaboration combines BIO-key's Identity and Access Management (IAM) solutions with Fiber's food tech expertise, aiming to enhance security and efficiency in food service locations. BIO-key's PortalGuard IAM platform, supporting over 35 million users worldwide, will be integrated into Fiber's planned food service operations across schools, universities, and institutional cafeterias.
BIO-key International reported an 18% revenue increase to $2.1M in Q3'24, with improved financial metrics across the board. The company's license revenue grew 52% to $1.4M, while gross profit improved to $1.7M (78.3% margin) from $0.3M in Q3'23. The net loss was reduced to $0.7M compared to $1.8M in Q3'23.
Notable achievements include securing a $910k order from a financial services customer, a $500k follow-on order from an international defense ministry, and expanding British Columbia's deployment by 10,000 users. The company also strengthened its cash position to $1.8M through a warrant inducement agreement raising $1.9M.
BIO-key International (NASDAQ: BKYI), a provider of Identity and Access Management and Identity-Bound Biometric solutions, has scheduled its Q3 2024 earnings conference call for Friday, November 15th at 10 a.m. ET. The company will release its financial results after market close on Thursday. The call will be led by Chairman & CEO Mike DePasquale and CFO Cecilia Welch, featuring a Q&A session.
Investors can join 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 audio replay can be accessed using code 7307131 at 1-877-344-7529 (U.S.) or 1-412-317-0088 (International).