Core Insights - BIO-key International, Inc. specializes in biometric authentication solutions but faces significant challenges in capital utilization [1][6] - The company's Return on Invested Capital (ROIC) is -50.67%, which is substantially lower than its Weighted Average Cost of Capital (WACC) of 10.09% [2][6] - The negative ROIC indicates that BIO-key is not generating sufficient returns to cover its cost of capital, with a ROIC to WACC ratio of -5.02 [2][6] Peer Comparison - Boxlight Corporation and Safe & Green Holdings Corp. also report negative ROICs of -30.16% and -34.34%, respectively, with WACCs of 20.91% and 22.78% [3][6] - Their ROIC to WACC ratios of -1.44 and -1.51 suggest similar inefficiencies in capital utilization [3] - Senmiao Technology Limited and Sintx Technologies, Inc. exhibit even worse performance, with ROICs of -622.64% and -175.44%, respectively, indicating severe challenges in capital efficiency [4] Positive Outlier - SuperCom Ltd. demonstrates a positive ROIC of 2.63% and a WACC of 7.11%, with a ROIC to WACC ratio of 0.37, positioning it as a more effective user of capital compared to its peers [5][6]
BIO-key International, Inc. (NASDAQ:BKYI) Struggles with Capital Utilization Amidst Biometric Innovation