DUBAI, United Arab Emirates and HOLMDEL, N.J., March 12, 2024 (GLOBE NEWSWIRE) -- Humanity International Investments (HII) and BIO-key® International, Inc. (NASDAQ:BKYI), announce significant milestones in HII's innovative Humanity Protocol initiative. Over 40,000 NFTs have been claimed to date, showcasing the project making remarkable strides in digital identity and blockchain technology integration. Humanity International Investments, under the Chairmanship of His Highness, Sheikh Marwan bin Mohamed bin R ...

MADRID, Spain and HOLMDEL, N.J., Jan. 22, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ:BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication solutions, today announced that Spain's Grupo Tragsa (the Tragsa Group) has partnered with Factum España to implement BIO-key's AuthControl Sentry solution. AuthControl Sentry, renowned for its comprehensive authenticati ...

HOLMDEL, N.J. and OELDE, Germany, Jan. 17, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ:BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring Identity-Bound Biometric (IBB) authentication solutions, today announced that Haver & Boecker, a global leader in processing and packaging technology for bulk materials, has implemented Multifactor Authentication (MFA) and Single Sign-On (SSO) technology for its digital platforms via P&W Netzw ...

FORM 10-Q For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT Commission file number 1-13463 DELAWARE 41-1741861 (State or Other Jurisdiction of Incorporation of Organization) (IRS Employer Identification Number) (Address of Principal Executive Offices) Securities registered pursuance to Section 12(b) of the Act: Common Stock, par value $0.0001 per share BKYI Nasdaq Capital Market Indicate by check mark whether the registrant has submitted e ...

BIO-key International, Inc. (NASDAQ:BKYI) Q2 2023 Earnings Conference Call August 15, 2023 10:00 AM ET Company Participants Bill Jones – Investor Relations Mike DePasquale – Chairman and Chief Executive Officer Ceci Welch – Chief Financial Officer Conference Call Participants Jack Vander Aarde – Maxim Group Operator Good morning, everyone. Thank you for standing by, and welcome to BIO-key International Second Quarter 2023 Conference Call. During management’s prepared remarks all participants will be in list ...

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE EXCHANGE ACT 3349 HIGHWAY 138, BUILDING A, SUITE E, WALL, NJ 07719 (Address of Principal Executive Offices) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ ...

BIO-key International, Inc. (NASDAQ:BKYI) Q1 2023 Results Conference Call May 16, 2023 10:00 AM ET Company Participants William Jones - Catalyst IR Michael DePasquale - Chairman and CEO Cecilia Welch - CFO Conference Call Participants Jack Vander Aarde - Maxim Group Operator Good morning, everyone. Thank you for standing by, and welcome to the BIO-key International's First Quarter 2023 Conference Call. [Operator Instructions]. As a reminder, this conference call is being recorded today, Tuesday, May 16, 202 ...

BIO-key International, Inc. (NASDAQ:BKYI) Q4 2022 Earnings Conference Call March 31, 2023 10:00 AM ET Company Participants William Jones - Catalyst IR Michael DePasquale - Chairman and CEO Galen Rodgers - VP of Channels Cecilia Welch - CFO Conference Call Participants Jack Vander Aarde - Maxim Group Operator Good morning, ladies and gentlemen. Thank you for standing by, and welcome to the BIO-key International Fourth Quarter Conference Call. During management's prepared remarks, all participants will be in ...

BIO-key International, Inc. (NASDAQ:BKYI) Q3 2022 Earnings Conference Call November 15, 2022 10:00 AM ET Company Participants Kimberly Johnson - Vice President, Product Michael DePasquale - Chairman and CEO Alex Rocha - Managing Director Cecilia Welch - CFO Conference Call Participants Operator Good morning, ladies and gentlemen. Thank you for standing by, and welcome to the BIO-key International Third Quarter Conference Call. During management's prepared remarks, all participants will be in a listen-only m ...

Financial Performance - Total revenues for the three months ended September 30, 2022, were $1,373,549, an increase of 5.8% compared to $1,298,829 for the same period in 2021[14] - Total revenues for the nine months ended September 30, 2022, reached $5,261,835, up 26.0% from $4,179,557 in the prior year[14] - Gross profit for the three months ended September 30, 2022, was $979,766, a decrease of 2.4% from $1,004,155 in the same quarter of 2021[14] - Operating loss for the three months ended September 30, 2022, was $(2,360,446), compared to $(993,976) for the same period in 2021[14] - The company reported a net loss of $(2,402,509) for the three months ended September 30, 2022, compared to $(1,023,647) in the same quarter of 2021[14] - The net loss for the nine months ended September 30, 2022, was $(5,120,869), compared to a net loss of $(3,036,761) for the same period in 2021, representing an increase of approximately 68.6%[24] Cash and Assets - Cash and cash equivalents decreased to $2,774,617 as of September 30, 2022, from $7,754,046 at December 31, 2021[10] - Total current assets decreased to $9,882,546 as of September 30, 2022, from $14,012,873 at December 31, 2021[10] - As of September 30, 2022, the company had a total cash balance of approximately $2.8 million and $1,808,036 in trade accounts receivable expected to be collected by early December[40] - The company anticipates converting approximately 50% of its $4.9 million inventory to cash over the next six months[40] - Total inventory as of September 30, 2022, is $4,892,667, a decrease from $4,940,660 as of December 31, 2021, representing a reduction of approximately 1%[72] Liabilities and Equity - Total liabilities increased to $3,827,503 as of September 30, 2022, compared to $2,153,586 at December 31, 2021[10] - Stockholders' equity decreased to $11,198,508 as of September 30, 2022, from $15,615,455 at December 31, 2021[10] - As of September 30, 2022, the total stockholders' equity was $11,198,508, with an accumulated deficit of $(109,696,339)[18] Revenue Breakdown - For the nine months ended September 30, 2022, license fees revenue amounted to $3,540,592, a significant portion of total revenue[43] - The company reported hardware revenue of $518,377 for the nine months ended September 30, 2022, compared to $1,182,784 for the same period in 2021, indicating a decline[43] - The company’s services revenue for the nine months ended September 30, 2022, was $1,202,866, showing growth compared to the previous year[43] Share-Based Compensation - The company incurred share-based compensation expenses of $236,108 for employees and consultants during the nine months ended September 30, 2022[24] - Share-based compensation expenses for the three months ended September 30, 2022, totaled $100,746, up from $58,050 in the same period of 2021[64] - Restricted stock compensation for the nine-month period ended September 30, 2022, was $156,880, compared to $52,081 for the same period in 2021[97] Acquisitions and Investments - The company made a purchase of Swivel Secure for $(543,578), net of cash acquired, during the nine months ended September 30, 2022[24] - The acquisition of Swivel Secure was completed for a total purchase price consideration of $2,373,487, including a cash payment of $1,273,483 and common stock valued at $600,004[58] - The company acquired accounts receivable, equipment, intangible assets, and goodwill from Swivel Secure totaling approximately $2,401,000, which includes $1,067,372 in goodwill[27] Future Outlook and Risks - The company expects additional cash flows in excess of $1 million annually from the acquisition of Swivel Secure, based on current recurring revenue and expense projections[40] - The earn-out from the Swivel Secure acquisition is contingent upon generating $3,000,000 in revenue and $1,000,000 in operating profit by January 31, 2023[57] - The Company has identified various risks and uncertainties that may affect future performance, including a history of losses and limited revenue[111] - The ongoing COVID-19 pandemic and geopolitical tensions, such as the situation in Ukraine, may affect the Company's business operations and sales cycles[111] - The Company has not provided specific future financial guidance or performance guarantees, emphasizing the uncertainty of forward-looking statements[111] Tax and Valuation - The Company recorded no income tax expense for the three and nine months ended September 30, 2022 and 2021, with an estimated annual effective tax rate of zero[105] - As of September 30, 2022, the Company provided a full valuation allowance against its net deferred tax assets, indicating a belief that these assets are unlikely to be realized[106]