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) reported a significant Q3 2020 performance, with revenues surpassing $943K, over double that of Q3 2019's $453K, largely due to the PistolStar/PortalGuard acquisition. The company's gross margin improved to 78%, a substantial recovery from a negative margin in the prior year. Despite an operating loss of $1.1M and a net loss of $3.3M, BIO-key ended the quarter with $18.4M in cash, bolstered by a recent public offering. The firm anticipates continued growth and expansion in global markets, particularly in Africa, with key projects expected to commence soon.
BIO-key International, Inc. (NASDAQ: BKYI) will host a conference call on November 12, 2020, at 10 a.m. ET to discuss its third quarter 2020 financial results. The company will release the results before the market opens. Key executives, including Chairman & CEO Mike DePasquale and CFO Cecilia Welch, will participate. Investors can access the call via dial-in numbers or through a live webcast, available for replay for three months. BIO-key specializes in identity access management and biometric solutions.
BIO-key International (NASDAQ: BKYI) announced that Marion Technical College has selected its identity and access management solutions to implement Two-Factor Authentication (2FA) and Single Sign-On (SSO) for critical applications. This move aims to enhance security and improve user experience for students and faculty accessing platforms like Office 365 and Canvas. The integration of SSO with 2FA is expected to reduce login frustrations and enhance data protection. BIO-key's President highlighted the increasing demand for cybersecurity in educational institutions.
BIO-key International (NASDAQ: BKYI) announced the deployment of its PortalGuard Identity and Access Management solution at San Juan College, New Mexico. This advanced IAM solution enhances security and supports various Single Sign-On protocols for seamless access to cloud applications. The college transitioned from a free, less efficient IAM platform to PortalGuard, which simplifies user authentication and includes features like Self-Service Password Management and Multi-Factor Authentication. President Mark Cochran highlighted the solution's efficiency and potential cost savings.
BIO-key International (NASDAQ: BKYI) announced its selection by the U.S. General Services Agency (GSA) to implement its PortalGuard IAM solution, enhancing secure two-factor authentication for a public communication application. The GSA's Office of Information Technology required two-factor authentication for its Listserv web interface, and BIO-key's solution offers a streamlined enrollment process with fifteen authentication methods, including biometrics and SMS PINs. CEO Mike DePasquale emphasized the importance of stringent security compliance for government agencies.
On October 8, 2020, BIO-key International (BKYI) announced its selection by the U.S. Government Services Agency (GSA) to provide its PortalGuard identity and access management solution. This initiative aims to implement secure two-factor authentication for a public-facing communication application, enhancing security for Listserv users. PortalGuard offers various authentication methods, including biometrics and SMS. CEO Mike DePasquale emphasized the importance of stringent security compliance for government agencies.
BIO-key International (BKYI) has been selected by Partners in Health (PIH) to implement its PortalGuard Identity and Access Management (IAM) solution. This initiative aims to resolve PIH's difficulties with password resets and enhance secure access to critical applications for a global, often remote user base. The project initially focused on self-service password resets but expanded to include a single sign-on solution for various enterprise applications. Mark Cochran emphasized the importance of effective IAM in managing healthcare access swiftly and safely.
BIO-key International, Inc. (NASDAQ: BKYI) announced updates on its African business, focusing on Nigeria despite COVID-19 impacts. The company's Nigeria subsidiary is pursuing new revenue opportunities while leveraging existing contracts for secure identity solutions. BIO-key's technology will be deployed in externally funded programs, with ongoing collaborations with the Technology Transfer Institute and local partners. Executives express optimism about growth in the African biometric market, asserting a strong position to capitalize on upcoming projects.
BIO-key International, Inc. (NASDAQ: BKYI) announced that Eastern Florida State College has selected its PortalGuard identity and access management (IAM) solution to enhance security and user experience. The previous IAM system was inadequate, prompting the college to choose BIO-key for its expertise in the educational sector. PortalGuard will facilitate seamless Single Sign-On (SSO) for approximately 30,000 students and staff, allowing for improved password management. The deployment process aims to be completed within two weeks after the procurement decision.
BIO-key International (NASDAQ: BKYI) has announced that its long-time client ICU Medical is expanding the use of BIO-key biometric authentication within its new staff training program. This enhancement aims to streamline check-ins and automate FDA compliance recordkeeping. Since 2005, ICU Medical has utilized BIO-key solutions to improve operations, effectively managing user access without physical tokens. The integration into the iLearning platform is expected to facilitate faster training sign-ins and improve user experience.
