From Financial Modeling Prep: 2025-03-27 21:00:00

BIO-key International, Inc. (NASDAQ: BKYI) reported an earnings per share (EPS) of -$0.53, missing the estimated EPS of -$0.35. The company’s revenue was approximately $1.46 million, below the estimated $2.5 million. Despite a revenue decline, BKYI managed to reduce its net loss by 49% to $4.3 million in 2024.

BKYI is a key player in the Identity and Access Management (IAM) solutions sector, offering high-margin software solutions like PortalGuard IAM and Identity-Bound Biometrics. The company faces competition in the IAM market, impacting its financial performance.

On March 27, 2025, BKYI reported an EPS of -$0.53, lower than the estimated -$0.35, with revenue of $1.46 million falling short of the $2.5 million estimate due to exiting a low-margin services relationship with Swivel Secure.

Despite a revenue decline, BKYI reduced its net loss by 49% to $4.3 million in 2024, thanks to higher gross margins and reduced operating costs. The company saw a 20% growth in high-margin software license fee revenue, offsetting an 11% decrease in overall revenue.

BKYI’s financial ratios reveal challenges, with a negative P/E ratio of -0.18, a price-to-sales ratio of 0.42, and an enterprise value to sales ratio of 0.52. The company’s high debt-to-equity ratio of 18.52 and current ratio of 0.78 suggest potential liquidity issues.

Despite financial challenges, BKYI remains focused on strengthening core solutions and enhancing financial performance in the IAM market.



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