BIO-key (NASDAQ: BKYI) forecasts 50% 1H 2026 revenue rise and profit
Rhea-AI Filing Summary
BIO-key International outlined a strong outlook for the first half of 2026, expecting a 50% increase in first-half revenues and profitability for the period ending June 30, 2026. This improvement is driven by building software license momentum and stronger hardware sales.
The company highlighted a one-year software license renewal with a longstanding foreign retail bank and more than $1M in contracts for Pocket 10 Finger Scanners and Mobile POS Pro devices across the first two quarters. Management also pointed to larger biometric authentication opportunities with foreign government agencies and regulated enterprises, supported by a growing base of annually recurring software and services revenues.
Positive
- Guides to 50% first-half 2026 revenue growth and profitability, supported by recurring software licenses and more than $1M in hardware contracts, indicating a potential shift from historical losses toward sustainable earnings.
Negative
- None.
Insights
BIO-key guides to 50% 1H 2026 revenue growth and profitability.
BIO-key International is signaling a material turnaround by forecasting a 50% increase in first-half 2026 revenues and profitability. The outlook is backed by a one-year software license renewal with a foreign retail bank and more than $1M in hardware contracts.
The mix of expanding recurring software licenses and sizable hardware orders suggests more diversified revenue. Management also cites potential deployments with a foreign tax agency and a foreign defense ministry, plus new enterprise discussions in regulated industries that value strong identity verification.
However, the safe harbor language reiterates risks such as a history of losses, need for additional capital, going concern uncertainties, competitive pressures in biometric IAM, geopolitical exposure, and compliance with SEC and Nasdaq requirements. Future filings covering results for the period ending June 30, 2026 will show how closely actual performance tracks this outlook.
8-K Event Classification
Key Figures
Key Terms
Identity and Access Management financial
biometric authentication technical
annually recuring software licenses and services revenues financial
forward-looking statements regulatory
going concern financial
internal controls over financial reporting regulatory
Earnings Snapshot
Company expects 50% revenue growth and profitability in the first half of 2026, supported by recurring software licenses and more than $1M in biometric hardware contracts.
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Exhibits. The following exhibit is furnished herewith:
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99.1
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Press Release, dated April 16, 2026 issued by the Company.
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BIO-KEY INTERNATIONAL, INC.
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Date: April 20, 2026
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By:
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/s/ Cecilia C. Welch
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Cecilia C. Welch
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Chief Financial Officer
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99.1
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Press Release, dated April 16, 2026, issued by the Company.
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Exhibit 99.1
BIO-key Expects 50% Increase in First Half Revenues, Driving Profitability in the Period
Holmdel, NJ – April 16, 2026 – BIO-key® International, Inc. (Nasdaq: BKYI), a global leader in Identity and Access Management (IAM) and biometric authentication technologies, previewed today its business outlook for the first half of 2026 (1H’26) ending June 30, 2026, supported by building software license momentum and strength in hardware revenues.
Expected 1H’26 Results:
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1H’26 revenues expected to grow 50% to approximately $5M vs. $3.3M in 1H’25 |
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Positive net income expected in 1H’26 vs. $1.9M net loss in 1H’25 |
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Cash position at the close of 1H’26 is expected to remain in line with $2.7M at year-end 2025 |
Q1’26 & Q2’26 Expected Revenues:
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Q1’26 revenues expected to grow 37% to $2.2M vs. $1.6M in Q1’25 |
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Q2’26 revenues expected to grow 65% to $2.8M vs. $1.7M in Q2’25 |
BIO-key’s improved 1H’26 results reflect the benefit of a $1.04M expanded, one-year software license renewal with a longstanding foreign retail bank customer in Q1’26 and more than $1M in contracts for the company’s Pocket 10 Finger Scanners and Mobile POS Pro point-of-sales devices in Q1 and Q2’26.
BIO-key CEO, Mike DePasquale commented, “Our groundwork last year positioned BIO-key for solid top- and bottom-line improvements that are now coming into focus in the first half of 2026. Building on our growing base of annually recuring software licenses and services revenues, we see improving traction with larger contract opportunities which we expect will benefit our results in the second half of 2026 and into 2027. These include an opportunity to deploy our biometric authentication technology with a foreign tax agency and potential deployment with a new foreign defense ministry, in addition to discussions with new enterprise customers, particularly in regulated industries where positive identity is essential.
“These developments underscore the demand we are creating directly and via partners, particularly in regions with favorable regulatory frameworks. Through disciplined management of margins and overhead, we expect our top-line growth to translate into meaningful improvement on the net income line and in our ability to fund further growth.”
About BIO-key International, Inc. (www.BIO-key.com)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its cloud-hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
BIO-key Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology and identity access management industries; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia, Africa and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; our ability to execute definitive agreements with Fiber Food Systems and/or its customers to utilize our access management solutions; our ability to integrate our solutions into any of Fiber Food System’s offerings; fluctuations in foreign currency exchange rates; the duration and extent of continued hostilities in Ukraine and its impact on our European customers; the impact of tariffs and other trade barriers which may make it more costly for us to import inventory from China and Hong Kong and certain product components from South Korea; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of non-compliance with Securities and Exchange Commission (“SEC”) and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future; any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.
Engage with BIO-key
| Facebook – Corporate: | https://www.facebook.com/BIOkeyInternational/ |
| LinkedIn – Corporate: | https://www.linkedin.com/company/bio-key-international |
| X – Corporate: | @BIOkeyIntl |
| X – Investors: | @BIO_keyIR |
| StockTwits: | BIO_keyIR |
Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com or 212-924-9800