Welcome to our dedicated page for Bio-Key Intl news (Ticker: BKYI), a resource for investors and traders seeking the latest updates and insights on Bio-Key Intl stock.
BIO-key International Inc (BKYI) delivers innovative biometric authentication solutions for enterprise security and identity management. This dedicated news hub provides investors and industry professionals with complete access to official company announcements and verified developments.
Track all critical updates including earnings disclosures, product launches, strategic partnerships, and regulatory filings. Our curated collection ensures efficient monitoring of BKYI's advancements in fingerprint biometrics, identity-as-a-service platforms, and cybersecurity innovations.
Discover updates on key operational areas: deployment of PortalGuard® identity solutions, government sector contracts, and advancements in passwordless authentication technology. Content is rigorously verified to support informed decision-making in the biometrics and cybersecurity markets.
Bookmark this page for streamlined access to BIO-key's latest milestones. Check regularly for authoritative updates on one of the biometric industry's most dynamic providers of hardware and software authentication solutions.
BIO-key International, Inc. (NASDAQ: BKYI) announced its partnership with Darksteel Technologies, a Managed Security Service Provider, to implement its PortalGuard Identity-as-a-Service (IDaaS) platform. The collaboration aims to enhance security for Darksteel's small-to-medium-sized clients by providing advanced identity authentication solutions, including multi-factor authentication and self-service password resets. Carlos Cisneros from Darksteel praised BIO-key’s offerings and expressed optimism for a long-term relationship.
BIO-key International, Inc. (NASDAQ: BKYI) announced its sponsorship and exhibition at the NACo Annual Conference, taking place from July 20-24, 2022, in Aurora, Colorado. Kimberly Biddings, VP of Product, will serve as an expert panelist discussing cybersecurity during the CIO Forum. With counties facing numerous cyberattacks, BIO-key aims to enhance cybersecurity through its PortalGuard IAM platform, offering unique Identity-Bound Biometric (IBB) authentication. Attendees can explore live demonstrations at Booth 507 and engage in discussions on multi-factor authentication, remote access security, and election security.
BIO-key International, Inc. (NASDAQ: BKYI) announced that its PortalGuard® Identity-as-a-Service (IDaaS) platform has won the "Identity Management Solution of the Year" award at the 2022 RemoteTech Breakthrough Awards, marking the second consecutive year of recognition. The award highlights PortalGuard's capabilities in securing remote access amidst rising demand for hybrid work environments. The platform's biometric features enhance security by verifying user identity, addressing vulnerabilities seen in traditional multi-factor authentication methods. The RemoteTech Breakthrough Awards evaluated over 1,700 nominations globally.
BIO-key International, Inc. (BKYI) will display its Identity and Access Management solutions at MSP EXPO from June 21-24, 2022, in Fort Lauderdale, Florida. The company aims to enhance its partnerships with Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) through its Channel Alliance Partner Program. BIO-key promotes its PortalGuard IAM platform to offer innovative cybersecurity solutions, addressing the rising demand due to increased cyberattacks and the need for multi-factor authentication. Key benefits include building recurring revenue and fostering customer relationships.
BIO-key International (NASDAQ: BKYI) announced its membership in the Amazon Web Services (AWS) Partner Network on June 21, 2022. This partnership aims to enhance identity and access management (IAM) solutions in the cloud, promoting scalability and reduced operational overhead. BIO-key will benefit from the AWS ISV Accelerate Program, allowing faster sales cycles by co-selling with AWS. Customers like Allan Hancock College and Orange Bank & Trust Company have successfully transitioned to BIO-key's PortalGuard IDaaS, realizing significant operational efficiencies and cost reductions.
BIO-key International, Inc. (Nasdaq: BKYI), a leading provider of identity and access management (IAM) solutions, will participate in the H.C. Wainwright Global Investment Conference 2022. The company's presentation will be available on demand starting May 24th at 7 AM ET. CEO Mike DePasquale will conduct virtual investor meetings on May 25th and 26th. Registration for the event can be completed through H.C. Wainwright’s website. BIO-key specializes in biometric authentication technology, delivering innovative, secure identity management solutions for organizations worldwide.
BIO-key International, Inc. (Nasdaq: BKYI) reported Q1 2022 results with revenue at $1.94M, up 3% year-over-year, driven by a 205% growth in software license fees. The company acquired Swivel Secure Europe, adding $368K in revenue in March. Despite a gross profit increase to $1.6M, operating loss widened to $1.0M due to higher expenses from R&D and acquisition costs. The firm maintains a strong outlook, projecting 2022 revenue between $10M and $13M, largely from recurring software licenses, supported by its successful PortalGuard platform and market awards.
BIO-key International, Inc. (NASDAQ: BKYI) will discuss its first quarter results in a conference call on May 16, 2022, at 10 a.m. ET. The earnings report will be available pre-market that morning. Key executives, including Chairman & CEO Mike DePasquale and CFO Cecilia Welch, will present during the call. Investors can access the live webcast or replay for three months, ensuring transparency in performance evaluation. The company specializes in Identity-Bound Biometrics and has extensive experience in identity and access management solutions.
