Financial Performance - Q3'25 total revenues decreased to $1.55M, down 27% from $2.14M in Q3'24, primarily due to large orders from two long-time customers in the previous year [3][12] - License fee revenue declined by $523,060 to $917,951 in Q3'25 from $1,441,011 in Q3'24, while hardware sales decreased 17% to $363,642 [13] - Total revenues for the three months ended September 30, 2025, were $1,549,706, a decrease from $2,144,804 in the same period of 2024, representing a decline of approximately 28% [27] - BIO-key's Q3'25 net loss was ($964,849), or ($0.15) per share, compared to a net loss of ($738,959), or ($0.39) per share in Q3'24 [16] - The net loss for the nine months ended September 30, 2025, was $2,868,790, compared to a net loss of $2,916,195 for the same period in 2024, showing a slight improvement of 2% [27] - Operating loss for the three months ended September 30, 2025, was $892,190, compared to an operating loss of $580,405 for the same period in 2024, indicating a deterioration of 54% [27] - The company reported a gross profit of $1,191,718 for the three months ended September 30, 2025, down from $1,679,694 in the same period of 2024, a decrease of 29% [27] Assets and Liabilities - At September 30, 2025, total current assets were $3.7M, including $2.0M in cash and cash equivalents, compared to $1.9M at December 31, 2024 [17] - Total current assets rose to $3,745,907 as of September 30, 2025, compared to $1,886,958 at December 31, 2024, reflecting an increase of 98% [25] - Cash and cash equivalents increased to $2,039,853 as of September 30, 2025, from $437,604 at the end of 2024, marking a significant increase of 367% [29] - Total liabilities decreased to $4,068,235 as of September 30, 2025, from $4,843,529 at December 31, 2024, a reduction of approximately 16% [26] - The company’s total stockholders' equity increased to $6,045,078 as of September 30, 2025, compared to $3,772,031 at December 31, 2024, an increase of 60% [26] Future Outlook - The company expects full year revenue for 2025 to be in the range of $6.5M to $7M, with solid growth anticipated in 2026 [11] Product Development - BIO-key launched the EcoID III USB fingerprint scanner, which is FBI FAP 20 certified, enhancing security and liveness detection [6][10] Strategic Initiatives - The company secured a significant new deployment in the Middle East defense sector, enhancing its footprint in high-assurance government environments [8][9] - BIO-key's CyberDefense Initiative aims to capitalize on expected increases in global defense spending, particularly in Europe and the Middle East [7] Shareholder Information - The weighted average common shares outstanding for the nine months ended September 30, 2025, were 5,754,077, compared to 1,726,716 for the same period in 2024, reflecting a significant increase in shares [27] Cash Flow - Cash flow from operating activities for the nine months ended September 30, 2025, was a net cash used of $2,838,088, compared to $2,399,508 for the same period in 2024, indicating an increase in cash outflow of 18% [29] Operating Expenses - Q3'25 gross margin remained strong at 77%, compared to 78% in Q3'24, with total operating expenses decreasing by 7.8% to $2.08M [15] - The company raised $3.1M in gross proceeds from a warrant exercise agreement on October 27, 2025, with 3,091,668 shares purchased at $1.02 per share [20]

Core Insights - BIO-key International, Inc. reported a decrease in total revenues for Q3'25, amounting to $1.55 million, down from $2.14 million in Q3'24, primarily due to the absence of large orders received in the previous year [3][12] - The company anticipates a strong finish to 2025, projecting full-year revenues between $6.5 million and $7 million, with expectations for continued growth into 2026 [11] Financial Performance - Q3'25 revenues decreased by 27.5% year-over-year, driven by a decline in license fee revenue, which fell by $523,060 to $917,951 from $1,441,011 in Q3'24 [12][13] - Hardware sales decreased by 17% to $363,642 in Q3'25 from $436,222 in Q3'24 [13] - Services revenues saw a slight increase to $268,113 in Q3'25 compared to $267,371 in Q3'24, with growth in recurring service revenue offsetting a decline in non-recurring custom service revenue [14] Cost Management - Total operating expenses decreased by 7.8% to $2,083,908 in Q3'25 from $2,260,099 in Q3'24, with SG&A expenses down by 13% [15] - Research, Development, and Engineering (RD&E) expenses increased by 4.6%, reflecting ongoing investment in next-generation products [15] Net Loss and Share Performance - The net loss for Q3'25 was $964,849, or $0.15 per share, compared to a net loss of $738,959, or $0.39 per share, in Q3'24 [16][29] - For the nine months ended September 30, 2025, the net loss improved to $2,868,790, or $0.50 per share, compared to $2,916,195, or $1.69 per share, in the same period of the previous year [16][29] Balance Sheet and Cash Flow - As of September 30, 2025, total current assets were $3.7 million, including $2.0 million in cash and cash equivalents, compared to total current assets of $1.9 million at the end of 2024 [17] - The company raised $3.1 million in gross proceeds from a warrant exercise agreement on October 27, 2025, which is not reflected in the Q3'25 financial statements [19] Strategic Initiatives - BIO-key launched its CyberDefense Initiative to capitalize on expected increases in global defense spending, particularly in Europe and the Middle East [6] - The company secured a significant biometric authentication deployment with a major new customer in the Middle East defense sector, enhancing its presence in high-assurance government and defense environments [7][8]

Core Insights - BIO-key International, Inc. has formed a strategic partnership with VaporVM to enhance its identity and access management solutions across the Middle East and Africa [1][2][4] Group 1: Partnership Overview - The collaboration aims to leverage VaporVM's cloud-native expertise and regional presence to deliver BIO-key's IAM solutions to various sectors [2][3] - VaporVM will integrate BIO-key's IAM and biometric solutions, providing local expertise and technical support [3][5] Group 2: Strategic Goals - The partnership is expected to strengthen cybersecurity measures for enterprises operating on major cloud platforms like AWS, Azure, and Google Cloud [3][4] - BIO-key's Regional Director emphasized the commitment to providing secure and scalable digital transformation solutions [4] Group 3: Company Background - BIO-key specializes in biometric-centric, multi-factor IAM software, securing access for over 40 million users [7] - The company's PortalGuard IAM solution offers various authentication methods, including passwordless options [7][9]

Group 1: Viasat Inc Financial Results - Viasat Inc reported adjusted earnings of 9 cents per share, surpassing market expectations of a loss of 62 cents per share [1] - The company's quarterly sales were $1.141 billion, slightly below the anticipated $1.148 billion [1] - Following the earnings report, Viasat shares increased by 13.2% to $40.54 in pre-market trading [1] Group 2: Notable Gainers - Masonglory Ltd saw a significant gain of 113.5%, reaching $2.03 in pre-market trading after a previous decline of 33% [2] - Integrated Media Technology Ltd rose by 117.1% to $1.59 after a drop of over 15% on Friday [2] - Greenidge Generation Holdings Inc surged 57.6% to $2.38 after securing a 5-year air permit renewal agreement with New York, which includes a commitment to cut emissions by 44% by 2030 [2] Group 3: Other Gainers - Inflarx NV increased by 34.2% to $1.65 after announcing it will present Phase 2a data for its oral C5aR inhibitor on November 10 [3] - Vivakor Inc gained 30.8% to $0.21 following a 12% rise on Friday [3] - Rumble Inc rose 22.2% to $7.20 after finalizing an acquisition deal with Northern Data AG to enhance its cloud computing capabilities [4] Group 4: Notable Losers - Lazydays Holdings Inc fell 38.6% to $0.99 after announcing plans to delist from Nasdaq [6] - CleanCore Solutions Inc declined 30.8% to $0.59 following a request to withdraw its registration statement [6] - Davis Commodities Ltd dropped 18.3% to $1.15 after a significant decline of 78% on Friday [6]

Core Insights - BIO-key International, Inc. is showcasing its passwordless authentication innovations at the Africa Tech Festival 2025, emphasizing its commitment to secure digital identity solutions in Africa [1][2][4]. Company Overview - BIO-key is a leader in biometric-centric Identity and Access Management (IAM), securing access for over 40 million users with its innovative solutions [7]. - The company offers a range of authentication options, including phoneless, tokenless, and passwordless biometric solutions, through its PortalGuard IAM platform [7]. Event Participation - BIO-key will demonstrate its Identity-Bound Biometrics (IBB) and the Passkey:YOU™ solution for personal passwordless authentication at Booth H72 during the event [3][6]. - The participation reflects BIO-key's strategy to support Africa's digital transformation and enhance secure access for governments, enterprises, and citizens [5]. Strategic Goals - The company aims to make enterprise-grade IAM accessible across various industries in Africa, highlighting the region's dynamic approach to digital identity and cybersecurity modernization [4][5].

Core Insights - BIO-key International, Inc. will host its third quarter investor call on November 14th at 10 a.m. ET, with results released before market opening [1] - The call will be led by Mike DePasquale, Chairman & CEO, and Cecilia Welch, CFO, and will include a Q&A session [1] Company Overview - BIO-key is a leader in Identity and Access Management (IAM) and biometric authentication technologies, securing access for over 40 million users [3] - The company offers a multi-factor identity and access management software that includes phoneless, tokenless, and passwordless biometric options [3] - Its PortalGuard IAM solution is available in both cloud-hosted and on-premise formats, providing cost-effective and secure access to various applications and transactions [3]

Core Insights - BIO-key International, Inc. has secured a significant deployment with a major defense-sector security organization in the Middle East, enhancing its presence in high-assurance government and defense environments [1][2]. Group 1: Deployment Details - The contract is one of BIO-key's largest security-sector deployments in the region, aimed at strengthening access security and streamlining credential management through biometric-based authentication without reliance on mobile devices or hardware tokens [2]. - The deployment is facilitated by a strategic partnership with Cloud Distribution, a Saudi-based Value-Added Distributor, which combines BIO-key's IAM solutions with local cybersecurity expertise [3]. Group 2: Strategic Commitment - The deployment underscores BIO-key's commitment to supporting national security and critical infrastructure protection in the Middle East, reflecting the trust in its technology for securing sensitive environments [4]. Group 3: Company Overview - BIO-key is a leader in biometric-centric, multi-factor identity and access management (IAM) software, securing access for over 40 million users and offering various authentication options, including phoneless, tokenless, and passwordless solutions [5].

Core Insights - BIO-key International, Inc. has entered into a warrant inducement agreement with an institutional investor to exercise outstanding warrants, resulting in the purchase of 3,091,668 shares at a reduced price of $1.02 per share, generating approximately $3.1 million in gross proceeds [1][3] Group 1: Warrant Inducement Agreement - The investor will exercise Series A and Series B Warrants to purchase 3,091,668 shares at $1.02 per share [1] - In exchange, the company will issue unregistered New Warrants for 6,183,336 shares at the same exercise price of $1.02, which are immediately exercisable and expire in five years [3] - The company plans to file a registration statement with the SEC for the resale of shares from the New Warrants [3] Group 2: Company Overview - BIO-key is focused on biometric authentication and Identity and Access Management (IAM) solutions, securing access for over 40 million users [4] - The company offers various authentication methods, including phoneless, tokenless, and passwordless options, through its PortalGuard IAM solution [4]

Core Insights - BIO-key International, Inc. has partnered with IT2Trust to enhance its presence in the Nordic market, focusing on delivering advanced Identity and Access Management (IAM) solutions with local expertise and cybersecurity leadership [1][2][5] Company Overview - BIO-key is a leader in biometric authentication and IAM solutions, securing access for over 40 million users with a range of authentication options including phoneless, tokenless, and passwordless methods [6] - IT2Trust is a prominent distributor of IT security and networking solutions in Scandinavia, providing consulting, training, and support services to strengthen digital resilience and compliance for enterprises and public organizations [5] Partnership Details - The collaboration will enable IT2Trust to distribute and support BIO-key's full portfolio of IAM and biometric authentication products, enhancing identity protection and regulatory compliance across Denmark, Sweden, Norway, and Finland [2][3] - This partnership is seen as a natural progression in BIO-key's European growth strategy, combining local market knowledge with global innovation to help organizations protect their data and digital future [5] Product Offerings - BIO-key's IAM solutions include PortalGuard, a comprehensive platform supporting multi-factor authentication (MFA), single sign-on (SSO), and centralized access management [8] - Other products include Passkey:YOU™, a FIDO2-compliant passwordless solution, and Identity-Bound Biometrics (IBB), which binds access to the individual rather than the device [8]

Core Insights - BIO-key International, Inc. has launched the EcoID III USB Fingerprint Scanner, enhancing its market position in biometric-centric Identity and Access Management (IAM) solutions [1][4] - The EcoID III features advanced capabilities such as liveness detection, FBI FAP 20 certification, and interoperability with over thirty existing fingerprint scanners [1][6] - The product aims to provide a cost-effective solution for organizations seeking high-quality biometric authentication [4] Product Features - The EcoID III offers robust liveness detection and anti-spoofing measures to prevent presentation attacks [6] - It ensures reliable performance in various environmental conditions, including bright sunlight and wet environments [6] - The scanner supports faster image capture with user guidance and allows for 360-degree finger placement for ease of use [6] - Encrypted device-to-host communication is included for enhanced security [6] Market Impact - The introduction of EcoID III is expected to make high-quality biometric solutions more accessible to a wider range of organizations [4] - BIO-key's solutions, including Identity-Bound Biometrics and PortalGuard IAM, are designed to facilitate a passwordless, phoneless, and tokenless future across various sectors [7][8]