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 (BKYI) announced significant growth in product revenue, rising from $257K to nearly $1.4M. The company reported two follow-on orders totaling nearly $500K from a renowned international defense ministry, expanding their biometric authentication solutions. This deployment enhances security for Microsoft applications through biometric single sign-on, demonstrating the efficacy of BIO-key's technology. The ministry's repeated orders reflect their satisfaction with BIO-key's services, indicating a strong partnership and ongoing demand.
BIO-key International, Inc. (NASDAQ: BKYI) has announced its PortalGuard IDaaS has been shortlisted as a finalist for SC Media's Trust Awards in the Best Authentication Technology category. This recognition highlights the platform's comprehensive identity and access management capabilities, which include multi-factor authentication, single sign-on, and over 15 authentication methods. With over 20 years of experience, PortalGuard serves various sectors, including healthcare and finance, addressing increasing cybersecurity threats.
BIO-key International, Inc. (Nasdaq: BKYI) announced its Q4 and FY 2020 results, reporting a 99% revenue increase in Q4 to $1.1M, and an overall 25% rise to $2.8M for the year. The company completed a $24.8M public offering and ended 2020 with $19.0M in current assets. Notable highlights include the acquisition of PortalGuard, which boosted growth potential and positioned the company for significant expansion, particularly with projected revenues in 2021 between $8M and $12M. Despite a net loss of $1.4M in Q4, improvements in gross margin and operating expenses reflect positive trends.
BIO-key International (BKYI) has announced the shipment of biometric hardware and software to Nigeria, valued at approximately $500K, marking progress in large-scale civil ID and financial inclusion projects. Initially secured in March 2020, these projects faced delays due to COVID-19 and civil unrest. CEO Michael W. DePasquale expressed optimism for increasing deliveries and technology deployments throughout 2021. The company aims to enhance economic empowerment and secure identity management solutions in Nigeria, supporting the government's efforts for financial inclusion.
BIO-key International (NASDAQ: BKYI) will host a conference call on March 25, 2021, at 10 a.m. ET to discuss its fourth quarter and full FY 2020 results. The results will be announced before the market opens. Participating in the call will be Mike DePasquale (Chairman & CEO), Cecilia Welch (CFO), and Fred Corsentino (Chief Revenue Officer). Investors can join the call by dialing 1-877-418-5460 for U.S. participants or 1-412-717-9594 for international attendees. A live webcast will also be available.
BIO-key International, Inc. (NASDAQ: BKYI) will host a conference call on March 25, 2020, at 10 a.m. ET to discuss its fourth quarter and full FY 2020 results. The call will feature key executives including Mike DePasquale, Cecilia Welch, and Fred Corsentino. Prior to the call, results will be announced before the market opens. Investors can access the call via dial-in numbers or through a live webcast available for three months post-event.
BIO-key International, Inc. (BKYI) announced its participation in the Maxim Group Emerging Growth Virtual Conference on March 18, 2021. The company's Chairman and CEO, Mike DePasquale, will join a 'Security IT' roundtable discussion from 11 AM to 12 PM ET. Attendees can access the conference, featuring various industry discussions and live Q&A sessions, through the registration page. This event showcases BIO-key’s innovative identity and access management solutions powered by biometrics, highlighting its commitment to secure authentication services.
BIO-key International (NASDAQ: BKYI) announced an expansion of its Channel Alliance Partner (CAP) program, enhancing benefits for Managed Service Providers (MSPs) and others. This initiative aims to create new revenue opportunities through the PortalGuard IDaaS, a cloud-based authentication platform. The program focuses on key markets such as financial, government, and healthcare, leveraging biometric identity for secure access. BIO-key is committed to supporting partners with training and a direct touch model to ensure success.
BIO-key International (NASDAQ: BKYI) has announced an expansion of its biometric multi-factor authentication (MFA) solution for election workers in a West Coast state. This initiative aims to secure voter registration data statewide, building on previous deployments in various states. The solution includes BIO-key's biometric software and FIPS compliant fingerprint scanners to enhance election security. The rollout will allow access to a centralized voter registration system via Citrix, ensuring strong user identity verification against current threats.
BIO-key International (NASDAQ: BKYI) announced a partnership with Appsian to enhance ERP system security through its PortalGuard solution. This partnership aims to deliver robust identity and access management (IAM) solutions, catering to businesses needing improved ERP security. BIO-key will also present at the PeopleSoft Innovation Summit on February 17, 2021, targeting organizations looking for secure access solutions for legacy ERP systems. This collaboration underscores the importance of frictionless user experience combined with strong security measures.
