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BIO-key International, Inc. - BKYI STOCK NEWS

Welcome to our dedicated page for BIO-key International news (Ticker: BKYI), a resource for investors and traders seeking the latest updates and insights on BIO-key International stock.

BIO-key International, Inc. (OTCQB: BKYI) is a leading provider of biometric software and hardware authentication solutions for enterprises and consumers alike. Established in 1993, BIO-key has become a trusted name, servicing diverse sectors including Fortune 500 companies, government agencies, healthcare organizations, call centers, schools, retailers, and OEM partners.

BIO-key's product portfolio includes advanced fingerprint biometric identification and identity verification technologies, with popular offerings such as SideSwipe, SidePass, EcoID, and WEB-key. The company's innovative solutions ensure secure and seamless access management, making them a preferred choice for high-security requirements.

In 2016, BIO-key introduced a series of compact fingerprint readers designed for compatibility with Windows Hello. These readers are not only affordable but also easy to install and use, available through major retailers like Amazon, Microsoft, and Dell.com. The company further expanded its consumer reach by launching a series of biometric padlocks at the Consumer Electronics Show in 2017. Their product, TouchLock, received significant acclaim, being featured on over 30 morning television shows.

BIO-key continues to innovate with its 'Biometric of Things' (BoT) initiative, aiming to create a range of biometrically enabled, consumer-friendly products. The company’s focus on the power of a touch drives their mission to enhance security and user experience across various applications.

Financially, BIO-key generates revenue through services, license fees, and other streams. The company remains committed to partnerships and collaborations that expand their market presence and technological capabilities.

One notable partnership is with Humanity International Investments, under the chairmanship of His Highness, Sheikh Marwan bin Mohamed bin Rashid Al Maktoum. This strategic collaboration has led to the launch of the Humanity Protocol, a blockchain-based economic empowerment initiative. The project leverages BIO-key’s biometric palm scan technology to authenticate identities, enabling individuals, particularly in Africa, to claim their digital footprint through Non-Fungible Tokens (NFTs). With over 15,000 palm scans and plans to verify more users, the initiative marks a significant step forward in integrating biometric technology with blockchain for identity verification.

Overall, BIO-key International, Inc. is at the forefront of revolutionizing digital identity and access management, ensuring secure, user-friendly authentication solutions for millions worldwide.

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BIO-key International (Nasdaq: BKYI), a provider of Identity and Access Management (IAM) solutions, announced plans to file audited 2023 results and report Q1 2024 results next week. The company will also hold an investor call. Details will be provided once confirmed. BIO-key engaged Bush & Associates CPA on April 23, 2024, as its new independent registered public accounting firm.

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BIO-key International, Inc. (NASDAQ: BKYI) has won the Hot Company Multi-Factor Authentication award at the 12th Annual Global InfoSec Awards at #RSAC 2024. The company's IAM platform PortalGuard® offers innovative authentication solutions, including biometric options for maximum security.

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BIO-key International, Inc. received a notice of non-compliance from Nasdaq for failing to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company has 60 days to submit a plan to regain compliance with Nasdaq's listing requirements. If accepted, an extension of up to 180 days may be granted. BIO-key plans to file the Form 10-K promptly to meet Nasdaq's requirements.
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BIO-key International, Inc. partners with Asecus AG to implement AuthControl Sentry login solution for Ticino, Switzerland, enhancing digital security. The collaboration strengthens Office365 login protection and overall digital communications integrity.
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BIO-key International, Inc. announces preliminary results for Q4'23 and 2023, showcasing revenue growth, cost-cutting measures, and strategic outlook for 2024.
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BIO-key International, Inc. (BKYI) announces its Q4 2023 investor call with key executives. The company specializes in Identity and Access Management solutions. The recent stock price is $2.00 with a TTM revenue of $8.6M and a market cap of $3.9M. TTM revenue growth is at +39%.
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Humanity International Investments (HII) and BIO-key® International, Inc. (NASDAQ: BKYI) announce significant milestones in the Humanity Protocol initiative, with over 40,000 NFTs claimed to date. The partnership aims to revolutionize digital identity through biometric technology and blockchain integration, empowering individuals in Africa and beyond. The Community Staking program enhances financial inclusivity, with 40,000 registered users across 94 countries benefiting from this innovative approach.
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BIO-key International, Inc. announces a $1.5 million agreement with a financial services customer for biometric customer identification technology, serving over 25 million clients. The agreement anticipates 12% annual growth in users, showcasing the client's continued strong growth in enrollments over eight years.
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BIO-key® International, Inc. (NASDAQ: BKYI) announced that the City of Bridgetown Co-operative Credit Union Ltd. has selected BIO-key’s PortalGuard platform with Identity-Bound Biometrics to enhance secure login methodologies for staff access to critical systems and data. The project aims to meet cybersecurity insurance mandates and provide improved access workflows to support staff productivity. PortalGuard’s centralized biometrics excel at providing instant support across a multitude of devices without requiring a hardware authentication device such as a phone or token.
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BIO-key International, Inc. (BKYI) partners with Grupo Tragsa to implement AuthControl Sentry solution, enhancing data security and operational integrity. The collaboration with Factum España highlights Tragsa's proactive approach to cybersecurity, setting new standards for data protection and security.
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FAQ

What is the current stock price of BIO-key International (BKYI)?

The current stock price of BIO-key International (BKYI) is $0.9515 as of December 23, 2024.

What is the market cap of BIO-key International (BKYI)?

The market cap of BIO-key International (BKYI) is approximately 3.5M.

What does BIO-key International, Inc. do?

BIO-key is a provider of biometric software and hardware authentication solutions for enterprises and consumers, offering products like fingerprint readers and identity verification technologies.

When was BIO-key International, Inc. established?

BIO-key was established in 1993.

Who are BIO-key's customers?

BIO-key's customers include Fortune 500 companies, government agencies, healthcare organizations, call centers, schools, retailers, and OEM partners.

What are some popular products offered by BIO-key?

Some popular products include SideSwipe, SidePass, EcoID, WEB-key, and biometric padlocks like TouchLock.

What is the 'Biometric of Things' (BoT) initiative?

The BoT initiative aims to create biometrically enabled, consumer-friendly products that enhance security and user experience.

How does BIO-key generate revenue?

BIO-key generates revenue through services, license fees, and other streams.

What is the Humanity Protocol?

The Humanity Protocol is a blockchain-based economic empowerment initiative that uses BIO-key's biometric palm scan technology for identity verification, allowing individuals to claim their digital footprint through NFTs.

Who are BIO-key’s strategic partners?

One notable strategic partner is Humanity International Investments, led by His Highness, Sheikh Marwan bin Mohamed bin Rashid Al Maktoum.

Where can BIO-key products be purchased?

BIO-key products can be purchased through major retailers like Amazon, Microsoft, and Dell.com.

What type of biometric technology does BIO-key specialize in?

BIO-key specializes in fingerprint biometric technology for identification and identity verification.

BIO-key International, Inc.

Nasdaq:BKYI

BKYI Rankings

BKYI Stock Data

3.50M
2.93M
5.58%
9.26%
27.83%
Security & Protection Services
Services-prepackaged Software
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United States of America
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