BIO KEY INTERNATIONAL INC (BKYI) Jun 2024 Earnings Report

BIO-key International, Inc.: Investment Report

Overview

BIO-key International, Inc. is a leading developer of fingerprint identification biometric technology and software solutions, as well as enterprise-ready identity access management solutions. With a market capitalization of $3.37 million, the company's innovative products and services help customers secure their workforces and student populations. This report provides a comprehensive analysis of BIO-key International's financial performance, growth prospects, and recent news updates.

Core Metrics

  • Current price: $1.86
  • 52-week high: $14.40
  • 52-week low: $1.48
  • Market Cap: $3.37 million
  • P/E Ratio: N/A
  • Earnings per Share: -$15.21
  • 50-day average: $1.7514
  • 200-day average: $3.5107
  • Analyst Recommendations: Buy (1 analyst)

Financial Performance

BIO-key International's financial performance has been challenging, with revenue growth declining by 29.3% and an EBITDA margin of -92%. The company's operating cash flow is -$1.57 million, and its total cash stands at $690,449. The gross margin is 31.59%. Although the company's financials present challenges, its innovative products and services position it for potential growth.

Growth Prospects

BIO-key International's growth prospects are tied to the increasing demand for biometric technology and identity access management solutions. The company's innovative products, such as Passkey:YOU, provide a superior user experience and have the potential to drive revenue growth. Additionally, the company's focus on phish-resistant and tokenless biometric FIDO passkey authentication solutions could lead to increased adoption in the cybersecurity market.

News and Updates

Recent news highlights include the company's Q1 2024 earnings report, which fell short of revenue expectations. BIO-key International also announced its Q1 investor call, scheduled for June 18, 2024. Furthermore, the company introduced Passkey:YOU, a phish-resistant, phoneless, and tokenless biometric FIDO passkey authentication solution.

Upgrades and Downgrades

There have been no recent upgrades or downgrades from analysts.

Summary

In conclusion, BIO-key International, Inc. is a company with innovative products and services in the biometric technology and identity access management markets. While the company's financial performance presents challenges, its growth prospects are tied to increasing demand for its solutions. Analysts recommend a buy, and the company's recent product introductions and emphasis on cybersecurity could drive future growth.

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