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BIO key International Inc

BIO key International Inc (BKYI)

1.81
0.08
(4.62%)
At close: 22 January 8:00AM
1.78
-0.03
( -1.66% )
After Hours: 10:17AM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
1.78
Bid
1.78
Offer
1.80
Volume
1,831,101
1.72 Day's Range 1.9699
0.5187 52 Week Range 3.68
Market Cap
Previous Close
1.73
Open
1.75
Last Trade
4
@
1.78
Last Trade Time
10:42:07
Financial Volume
US$ 3,335,245
VWAP
1.8214
Average Volume (3m)
6,254,465
Shares Outstanding
3,127,049
Dividend Yield
-
PE Ratio
-0.67
Earnings Per Share (EPS)
-2.73
Revenue
7.76M
Net Profit
-8.52M

About BIO key International Inc

BIO-key International Inc is a fingerprint biometric technology company. It develops and markets advanced fingerprint biometric identification and identity verification technologies, as well as related identity management and credentialing hardware and software solutions. Its product portfolio compr... BIO-key International Inc is a fingerprint biometric technology company. It develops and markets advanced fingerprint biometric identification and identity verification technologies, as well as related identity management and credentialing hardware and software solutions. Its product portfolio comprises SideSwipe, SidePass, EcoID, WEB-key, and others. The company generates its revenue in the form of Services, License fees, and others. Show more

Sector
Prepackaged Software
Industry
Prepackaged Software
Website
Headquarters
Wilmington, Delaware, USA
Founded
-
BIO key International Inc is listed in the Prepackaged Software sector of the NASDAQ with ticker BKYI. The last closing price for BIO key was US$1.73. Over the last year, BIO key shares have traded in a share price range of US$ 0.5187 to US$ 3.68.

BIO key currently has 3,127,049 shares in issue. The market capitalisation of BIO key is US$5.41 million. BIO key has a price to earnings ratio (PE ratio) of -0.67.

BKYI Latest News

Three Higher Education Customers with 30,000+ Users Migrate to BIO-key's PortalGuard IDaaS Cloud Platform for Streamlined Operations and Enhanced Access Management

HOLMDEL, N.J., Jan. 21, 2025 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software for...

National Bank of Egypt Enhances Enterprise Security with Multi-Factor Authentication and Single Sign-On Solutions from BIO-key

CAIRO, Egypt and HOLMDEL, N.J., Jan. 15, 2025 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of Identity and Access Management (IAM) solutions featuring...

New Jersey Based Biometric and Cyber Security Solutions Provider BIO-key to Present and Participate at DealFlow’s Atlantic City Microcap Conference Jan. 29th and 30th

ATLANTIC CITY, N.J. and HOLMDEL, N.J., Jan. 02, 2025 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions...

BIO-Key Responds to the Cry for Secure Authentication with New Passwordless Options at the 2024 Gartner® Identity & Access Management Summit: North America

HOLMDEL, N.J., Dec. 09, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions for...

Engineering Solutions Provider Guinn Partners and BIO-key Partner to Transform Access-Control and Cyber Security for IoT and Autonomous Systems

AUSTIN, Texas and HOLMDEL, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.2919.46308724831.493.681.32509737952.27292632CS
40.79580.71065989850.9853.680.95138669132.23152897CS
120.2113.37579617831.573.680.7762544651.85959205CS
260.2214.10256410261.563.680.518742798331.89138191CS
52-0.05-2.732240437161.833.680.518721773651.89194822CS
156-37.64-95.484525621539.4252.20.51878795952.69847804CS
260-96.14-98.182189542597.92371.520.5187129414464.67735186CS

BKYI - Frequently Asked Questions (FAQ)

What is the current BIO key share price?
The current share price of BIO key is US$ 1.78
How many BIO key shares are in issue?
BIO key has 3,127,049 shares in issue
What is the market cap of BIO key?
The market capitalisation of BIO key is USD 5.41M
What is the 1 year trading range for BIO key share price?
BIO key has traded in the range of US$ 0.5187 to US$ 3.68 during the past year
What is the PE ratio of BIO key?
The price to earnings ratio of BIO key is -0.67
What is the cash to sales ratio of BIO key?
The cash to sales ratio of BIO key is 0.73
What is the reporting currency for BIO key?
BIO key reports financial results in USD
What is the latest annual turnover for BIO key?
The latest annual turnover of BIO key is USD 7.76M
What is the latest annual profit for BIO key?
The latest annual profit of BIO key is USD -8.52M
What is the registered address of BIO key?
The registered address for BIO key is 251 LITTLE FALLS DRIVE, WILMINGTON, DELAWARE, 19808
What is the BIO key website address?
The website address for BIO key is www.bio-key.com
Which industry sector does BIO key operate in?
BIO key operates in the PREPACKAGED SOFTWARE sector

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BKYI Discussion

View Posts
tw0122 tw0122 11 hours ago
$1.80s quick flipper .. Three Higher Education Customers with 30,000+ Users Migrate to BIO-key's PortalGuard IDaaS Cloud Platform for Streamlined Operations and Enhanced Access Management
January 21 2025 - 7:58AM


BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) software for phoneless, tokenless, passwordless, and phishing-resistant authentication, announced today that three additional customers:Northeast Iowa Community College – Peosta, IA;
Eastern University – St. Davids, PA; and 
University of Guam – Mangilao, Guam,with over 30,000 users, have migrated their on-premises deployments of PortalGuard to the PortalGuard IDaaS enterprise security platform. These customers join over 50 organizations with 4+ million users that have embraced BIO-key’s cloud-based solution since its November 2020 launch.Migrating to the PortalGuard IDaaS platform enables BIO-key customers to adopt IT infrastructure best practices, streamline and centralize operations, improve uptime, enhance resource access efficiency, and enable seamless disaster recovery. PortalGuard IDaaS adoption enhances operational effectiveness, reduces the total cost of ownership, and strengthens protection against cyberattacks. By partnering with BIO-key experts, organizations can collaboratively manage end-user access to applications and data while ensuring robust security controls are in place.The growing threat of security breaches, stricter IT standards, and more demanding cybersecurity insurance requirements are prompting organizations to embrace cloud-based solutions for protecting their applications and data. With PortalGuard IDaaS, BIO-key customers can seamlessly transition to a unified identity management system that provides comprehensive visibility into user access across the entire enterprise, regardless of login location. This integrated solution boosts productivity by minimizing workflow disruptions and enhances support for Zero Trust security frameworks, which are increasingly essential for maintaining a strong security posture."IT leaders are shifting from on-premises technology to flexible, scalable, and cost-effective cloud solutions," said Mark Cochran, President of BIO-key – PortalGuard. "With PortalGuard IDaaS, organizations can adjust resources as needed, eliminate wasteful spending, and quickly respond to peak demands. Our cloud solution not only offers greater agility and cost savings but also provides opportunities for organizations to transform these benefits into a competitive advantage, all while reducing reputational risks.About BIO-key International, Inc. (www.BIO-key.com)BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
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TrendTrade2016 TrendTrade2016 6 days ago
OUCH THEY GOT YA GOOD HERE...WATCH THOSE ALGO ROBOTS!
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crudeoil24 crudeoil24 6 days ago
NEW JERSEY > Corporate Headquarters. 101 Crawfords Corner Road. Suite 4116. Holmdel, NJ 07733. Office: 1-866-846-2594. ...
New England Office. 10 Corporate Drive. Suite 209. Bedford, NH 03110. ...
Technology, R&D. 2121 Cliff Drive. Suite 100. Eagan, MN 55122. ...
International Office. Paseo de la Castellana, 200. 28046 Madrid, Spain.
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crudeoil24 crudeoil24 6 days ago
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless, and phish-resistant authentication, will present and meet with investors at DealFlow Event’s Microcap Conference on Wednesday, January 29th & 30th at the Borgata hotel in Atlantic City, New Jersey.
CEO Mike DePasquale will present at 2:00pm ET on Wednesday and be available for meetings both days.
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crudeoil24 crudeoil24 6 days ago
Our collaboration between Raya Information Technology and BIO-key represents a major milestone in strengthening our cybersecurity infrastructure,” stated Abeer Khedr, Information Security Director at the National Bank of Egypt. “This project empowers us to secure access to our critical systems today and lays the groundwork for delivering secure and seamless authentication for millions of our B2B and B2C customers in the near future.”
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crudeoil24 crudeoil24 6 days ago
BIO-key revolutionizes authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) solutions, securing access for over forty million users globally. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premises PortalGuard solution provides cost-effective, easy-to-deploy, convenient, and secure access to networks, information, applications, and high-value transactions.
👋 1 👍️ 1 😃 1 🤑 1 🧠 1
crudeoil24 crudeoil24 6 days ago
BKYI is a great $$$$$ opportunity.
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Strukture Strukture 6 days ago
Here we go - Boom
That 2.50 break was a strong trigger
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glenn1919 glenn1919 6 days ago
BKYI................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
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tw0122 tw0122 6 days ago
Walk like an Egyptian move $2.32 + 70% 2m floater 
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glenn1919 glenn1919 2 weeks ago
BKYI...............................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
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glenn1919 glenn1919 3 weeks ago
bkyi.....................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
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tw0122 tw0122 3 weeks ago
$1.60s cash some out
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glenn1919 glenn1919 3 weeks ago
bkyi............................................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
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tw0122 tw0122 4 weeks ago
Biometrics activated
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glenn1919 glenn1919 4 weeks ago
bkyi............................https://stockcharts.com/h-sc/ui?s=bkyi&p=W&b=5&g=0&id=p86431144783
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tw0122 tw0122 4 weeks ago
Not much but biometrics hot back to $2s no surprises here with 2m float
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tw0122 tw0122 4 weeks ago
Ready to supersize here nice low floater 2m
$1.33 + 21%
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nicky2000 nicky2000 1 month ago
Any news here?
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wickw50 wickw50 2 months ago
BIO-key and Fiber Food Systems Inc. Collaborate to Enhance Security and Efficiency in the Food Tech Sector


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BurgerKing82 BurgerKing82 2 months ago
Anything left in bkyi?
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wickw50 wickw50 2 months ago
BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Unaudited)   Three Months Ended  Nine Months Ended   September 30,  September 30,   2024  2023  2024  2023 Revenues                Services $267,371  $587,893  $764,062  $1,740,880 License fees  1,441,011   950,015   4,165,669   3,764,342 Hardware  436,422   279,200   537,562   424,582 Total revenues  2,144,804   1,817,108   5,467,293   5,929,804 Costs and other expenses                Cost of services  110,723   125,039   322,957   639,996 Cost of license fees  146,732   253,891   443,384   1,022,919 Cost of hardware  207,655   97,674   260,684   240,074 Cost of hardware - reserve  -   1,000,000   -   2,500,000 Total costs and other expenses  465,110   1,476,604   1,027,025   4,402,989 Gross profit  1,679,694   340,504   4,440,268   1,526,815                  Operating Expenses                Selling, general and administrative  1,607,925   1,776,305   5,332,764   5,851,201 Research, development and engineering  652,174   529,757   1,850,929   1,778,097 Total Operating Expenses  2,260,099   2,306,062   7,183,693   7,629,298 Operating loss  (580,405)  (1,965,558)  (2,743,425)  (6,102,483)Other income (expense)                Interest income  2   5,917   53   5,944 Loss on foreign currency transactions  -   -   -   (15,000)Loan fee amortization  (60,000)  -   (64,000)  - Change in fair value of convertible note  -   167,283   -   264,706 Interest expense  (98,556)  (45,655)  (108,823)  (159,380)Total other income (expense), net  (158,554)  127,545   (172,770)  96,270                  Loss before provision for income tax  (738,959)  (1,838,013)  (2,916,195)  (6,006,213)                 Provision for (income tax) tax benefit  -   189   -   (142,811)                 Net loss $(738,959) $(1,837,824) $(2,916,195) $(6,149,024)                 Comprehensive loss:                Net loss $(738,959) $(1,837,824) $(2,916,195) $(6,149,024)Other comprehensive income (loss) – Foreign currency translation adjustment  89,933   35,364   51,878   127,394 Comprehensive loss $(649,026) $(1,802,460) $(2,864,317) $(6,021,630)                 Basic and Diluted Loss per Common Share $(0.39) $(3.22) $(1.69) $(10.79)                 Weighted Average Common Shares Outstanding:                Basic and diluted  1,889,694   570,753   1,726,716   569,882  All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023. 
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wickw50 wickw50 2 months ago

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wickw50 wickw50 2 months ago

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wickw50 wickw50 2 months ago

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wickw50 wickw50 2 months ago

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wickw50 wickw50 3 months ago
Nice movement. 
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tw0122 tw0122 3 months ago
Superb pump to $1.95 keep an eye on NBIS ipo branch off of Yandez autonomous AI play
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subslover subslover 3 months ago
AMAZING VOLUME 73 mil shares!!!!😲
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ecmoney ecmoney 3 months ago
Circuit breaker


Ec
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tw0122 tw0122 3 months ago
Got out a little too early but it's all good. 
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TheFinalCD TheFinalCD 3 months ago
1.80 the guy is good almost 200k shares https://x.com/READY_2_PROFIT/status/1851251209232953721
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glenn1919 glenn1919 3 months ago
BKYI...........................................https://stockcharts.com/h-sc/ui?s=BKYI&p=W&b=5&g=0&id=p86431144783
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TheFinalCD TheFinalCD 3 months ago
https://x.com/short_cap/status/1851224524819210674
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tw0122 tw0122 3 months ago
Checkout NWTN nice gains BKYI
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TheFinalCD TheFinalCD 3 months ago
1.55 congrat$

another moon alert @ .98
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subslover subslover 3 months ago
That's a nice little order for this Company: BIO-key Secures $910,000 Order to Upgrade Long-Time Financial Services Customer to Enhanced Biometric Customer Identification Technology
HOLMDEL, N.J., Oct. 29, 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 Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication, announced that it has received a $910,000 order from a long-term financial services customer to upgrade to BIO-key’s “fingerprint only” Biometric Customer Identification Technology.

The technology enhancement builds on the customer’s expanding deployment of BIO-key technology to verify the identity of customers, now totaling over 25 million enrolled individuals. Previously customers were verified at a branch location by matching their fingerprint scan and their ID number, account number or card. By upgrading to BIO-key’s “fingerprint only” identification, the customer will be able to identify each of its clients by a simple fingerprint scan – without the need for a card, account or ID number, saving an estimated thirty seconds per client encounter.

The financial services customer plans to upgrade all its users to BIO-key’s fingerprint-only identity solution in order to further streamline what is already a best-in-class client experience of its existing BIO-key-based verification solution. The new client identification solution will be entirely hosted on Amazon Web Services (AWS) infrastructure in order to support the technical demands of real-time, one-to-many biometric identification as compared to one-to-one matching of a fingerprint scan with a biometric associated with an account number, ID number or card.

Following full deployment of the enhanced biometric customer identification solution during 2025, BIO-key expects annual recurring revenue (ARR) from this financial services customer to increase to approximately $1.4M per year.

“This financial services customer remains on the cutting edge of biometric technology deployment as it works to deliver the best possible customer experience and protection against fraud”, said Jim Sullivan, BIO-key’s SVP of Strategy and CLO. “After closely working with our team on advance testing, they found that upgrading to BIO-key’s one-to-many fingerprint-only identification technology would not only provide a better user experience but would also save a substantial amount of time at every client encounter, avoiding the time to retrieve a physical ID card. BIO-key’s unparalleled accuracy in identification and speed of indexed search makes this leap in efficient customer engagement possible. The upgrade advances our customer’s commitment to leveraging the power of biometric technology to execute secure digital, paper-less transactions for their clients. We believe this is one of the world’s largest deployments of one-to-many biometric technology in a private commercial or enterprise setting. Working with the client and our partner at AWS, we intend to publish a more detailed whitepaper on this deployment in order to support other enterprises’ understanding the benefits our advanced biometric identity solutions can provide.”
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tw0122 tw0122 3 months ago
Time to flip out $1.17 smaller gains lock them in 
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tw0122 tw0122 3 months ago
.99 with 2m float. A little morning coffee brew
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Monksdream Monksdream 3 months ago
BKYI new 52 week low
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wickw50 wickw50 3 months ago
BIO-key Accelerates Zero Trust Solutions at Industry-Leading Cybersecurity Conference, ISC² Security Congress 2024

Showcasing cutting-edge phoneless, tokenless, and passwordless authentication


LAS VEGAS and HOLMDEL, N.J., Oct. 14, 2024 (GLOBE NEWSWIRE) -- BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring phoneless, tokenless, passwordless and phish-resistant authentication solutions, announced the company will sponsor, speak, and exhibit at ISC2 Security Congress 2024, in Las Vegas on October 14 – 16, 2024. BIO-key will be hosting a session on Passkeys. Passkeys and zero trust are core enabling concepts of the National Institute of Standards and Technology (NIST) guidance on cybersecurity for digital identities. Passkeys are identified as aiding adherence to NIST Authentication Assurance Levels (AAL) standards in the NIST 800-63B Passkey Supplementary Guidelines released in May 2024.

Passkeys have historically been stored or secured by phones, personal laptops or hardware tokens but many enterprise users work in phone-free, roving user environments. The cost of hardware tokens for thousands of users becomes a drain on critical security budgets. BIO-key’s core differentiator in the authentication category is allowing users to take advantage of a biometric passwordless authentication solution that does not require the use of phones or tokens. This unique capability fills a crucial business use case gap that traditional MFA overlooks – roving users working without phones, providing a secure authentication experience that reduces the total cost of ownership and provides the highest levels of usability and security. BIO-key’s award-winning unified IAM platform, PortalGuard®, has helped organizations of all sizes balance risk with flexibility and productivity for users and identity administrators. The company’s newest offering, Passkey:YOU brings a phoneless, tokenless, passwordless experience to any IdP via a managed passkey secured by a touch of a fingerprint or any door badge.

The ISC2 Security Congress, themed “Boldly Forward,” brings together thousands of cybersecurity professionals and inspires attendees from all stages of the cybersecurity profession to elevate their careers, providing the opportunity to acquire new strategies, skills, and expertise to overcome the industry’s most pressing challenges.

“Continuous Education is vital for security professionals to stay ahead of innovative threat actors,” states BIO-key’s Director of Marketing, Mary Roark, CISSP. “Conferences such as this provide attendees with interactive sessions where everyone can learn something new and put it into practice as soon as they return to the office.”

Attendees are encouraged to stop by booth 716 or join the virtual conference to learn about BIO-key’s IAM solutions and the new Passkey: YOU. If you plan to attend the event, we invite you to our live speaking session: "Introducing Passkey:YOU – a Passwordless Authentication Solution that Checks All the Boxes." Join us on Monday, October 14, from 12:45 to 1:10 PM PT in Theatre 1.

“From shared workstations to remote access, to users prohibited from having phones or tokens, enterprises face a complex and ever-changing landscape of access requirements,” said Galen Rodgers, VP of North America Sales & Channel. “Traditional authentication methods are insufficient, so security leaders attending ISC2 are exploring solutions that can offer flexibility to accommodate the needs of diverse users and use cases while maintaining the highest level of security. BIO-key is confident that adding passkeys and biometric authentication will accelerate their zero trust strategies.”

RESOURCES:
https://www.bio-key.com/identity-bound-biometrics/passkey-authentication/

About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over thirty-five million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

BIO-key Safe Harbor Statement

All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission (“SEC”) and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to remediate during fiscal year 2024 certain material weaknesses in our internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.

Engage with BIO-key
Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/
LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-international
X – Corporate: @BIOkeyIntl
X – Investors: @BIO_keyIR
StockTwits: BIO_keyIR

Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI @Bacchus-9800
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Monksdream Monksdream 3 months ago
BKYI a new 52 week low
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wickw50 wickw50 4 months ago
New 52 week low… eom
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wickw50 wickw50 4 months ago
BIO-key Expands Deployment with Province of British Columbia, Adds 10,000 Biometric Users for Sign-on and Physical Access Control


VANCOUVER, British Columbia and HOLMDEL, N.J., Sept. 23, 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 Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, announced that its long-time customer, the province of British Columbia, has placed new orders with BIO-key. 10,000 users will be added to their existing deployment of WEB-key software, integrated with Broadcom’s SiteMinder infrastructure to streamline and strengthen access to a series of new applications via SAML 2.0 federation standards.

BIO-key has worked closely with the province’s cybersecurity team to integrate BIO-key’s state-of-the-art, cloud-enabled biometric authentication platform with its existing authentication infrastructure to deliver advanced and secure biometric access to systems, applications and facilities across the organization.

Since 2012, BIO-key’s secure biometric authentication platform has been integrated with the province’s authentication infrastructure to provide the strongest biometric ID without requiring phones or tokens. In 2017, the province expanded the platform to incorporate physical access control using the same fingerprint biometric for door access. This differentiated approach delivers secure sign in and streamlined access to facilities for users who roam among different workstations and locations without requiring added costs and risks of “what-you-have” token and card solutions that only verify that the card or token is present, not the user. BIO-key credentials derive from the individual themselves, so access cannot be shared, delegated, phished or forgotten.

Jim Sullivan, BIO-key’s SVP Strategy and Chief Legal Officer, said, “The British Columbia government has been a leader in providing secure biometric authentication with BIO-key solutions for more than a decade. They recognize that unique ‘roving user’ scenarios call for uncompromising yet user-friendly security. We are pleased to be the trusted provider of the highest level of security, by ensuring only the right user accesses the most sensitive information. BIO-key has a long history providing highly secure, robust and cost-efficient solutions in government, defense, finance, retail and other highly-regulated industries. Today, we are finding that BIO-key’s superior user experience, through phoneless, tokenless and passwordless solutions, translates very well to many enterprise use cases, particularly where we bring multi-factor authentication to roving workforces."

About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

Engage with BIO-key
Facebook – Corporate: https://www.facebook.com/BIOkeyInternational/
LinkedIn – Corporate: https://www.linkedin.com/company/bio-key-international
X – Corporate: @BIOkeyIntl
X – Investors: @BIO_keyIR
StockTwits: BIO_keyIR

Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com
212-924-9800
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luckydude777 luckydude777 4 months ago
Wow - thanks for the post.
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wickw50 wickw50 4 months ago
GLOBENEWSWIRE
BIO-key International Enters into $1.9 Million Warrant Inducement

Provided by GlobeNewswire
Sep 12, 2024 1:18pm
HOLMDEL, N.J., Sept. 12, 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 Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, today announced it has entered into a warrant inducement agreement with an existing institutional investor for the immediate exercise of certain outstanding warrants that the Company issued on October 30, 2023. Pursuant to the warrant inducement agreement, the investor has agreed to exercise outstanding warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock at an amended exercise price of $1.85. The gross proceeds from the exercise of the warrants are expected to be approximately $1.9 million, prior to deducting placement agent fees and estimated offering expenses.

The closing of the warrant exercise transactions is expected to occur on or about September 13, 2024, subject to satisfaction of customary closing conditions.

Maxim Group LLC is acting as the exclusive Placement Agent for the transaction.

In consideration for the immediate exercise of the warrants, the Company also agreed to issue to the investor unregistered Series A Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock and Series B Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock, each with an exercise price of $1.85 per share (the “New Warrants”). The Series A and Series B warrants share substantially the same terms, are immediately exercisable and will expire five years from the date of issuance. The Company has agreed to file a registration statement within forty five (45) days with the Securities and Exchange Commission (“SEC”) covering the resale of the shares of common stock issuable upon exercise of the New Warrants. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About BIO-key International, Inc.

BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over thirty-five million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

Forward-Looking Statements

All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, the ability to satisfy the closing conditions related to the transaction and the overall timing and completion of such closing; our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs and comply with Nasdaq continued listing rules to maintain stockholders’ equity of at least $2,500,000; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission (“SEC”) and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to remediate during fiscal year 2024 certain material weaknesses in our internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

Investor Contact

William Jones, David Collins
Catalyst IR
BKYI @Bacchus-9800
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wickw50 wickw50 4 months ago
I have been here for almost 20 years on this stock. Made a small profit, on a quick flip in the first year… decided to wait until the bottom to buy back in. Guess what… still looking for the bottom after numerous reverse splits… apparently, there is no bottom….
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wickw50 wickw50 4 months ago
And… now we know why they pumped the price up….


BIO-key International Enters into $1.9 Million Warrant Inducement


HOLMDEL, N.J., Sept. 12, 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 Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, today announced it has entered into a warrant inducement agreement with an existing institutional investor for the immediate exercise of certain outstanding warrants that the Company issued on October 30, 2023. Pursuant to the warrant inducement agreement, the investor has agreed to exercise outstanding warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock at an amended exercise price of $1.85. The gross proceeds from the exercise of the warrants are expected to be approximately $1.9 million, prior to deducting placement agent fees and estimated offering expenses.

The closing of the warrant exercise transactions is expected to occur on or about September 13, 2024, subject to satisfaction of customary closing conditions.

Maxim Group LLC is acting as the exclusive Placement Agent for the transaction.

In consideration for the immediate exercise of the warrants, the Company also agreed to issue to the investor unregistered Series A Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock and Series B Warrants to purchase an aggregate of 1,030,556 shares of the Company's common stock, each with an exercise price of $1.85 per share (the “New Warrants”). The Series A and Series B warrants share substantially the same terms, are immediately exercisable and will expire five years from the date of issuance. The Company has agreed to file a registration statement within forty five (45) days with the Securities and Exchange Commission (“SEC”) covering the resale of the shares of common stock issuable upon exercise of the New Warrants. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About BIO-key International, Inc.

BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over thirty-five million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

Forward-Looking Statements

All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, the ability to satisfy the closing conditions related to the transaction and the overall timing and completion of such closing; our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs and comply with Nasdaq continued listing rules to maintain stockholders’ equity of at least $2,500,000; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission (“SEC”) and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to remediate during fiscal year 2024 certain material weaknesses in our internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

Investor Contact

William Jones, David Collins
Catalyst IR
BKYI @Bacchus-9800
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luckydude777 luckydude777 4 months ago
Now moving on DOWN. Time to move on.
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luckydude777 luckydude777 4 months ago
Moving on UP.
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