Bio-Key International ( (BKYI) ) has released its Q3 earnings. Here is a breakdown of the information Bio-Key International presented to its investors.
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BIO-key International, Inc. is a leading provider of Identity and Access Management (IAM) and biometric authentication technologies, offering solutions that secure access for over forty million users globally. The company operates primarily in the cybersecurity sector, focusing on biometric-centric, multi-factor identity solutions.
In its latest earnings report for the third quarter of 2025, BIO-key International reported a decline in total revenues to $1.55 million, down from $2.14 million in the same period last year. The decrease was attributed to the absence of large orders from key customers that had boosted the previous year’s results. Despite this, the company highlighted strategic advancements, including the launch of its EcoID III fingerprint scanner and a significant new deployment in the Middle East defense sector.
Key financial metrics revealed a 7.8% reduction in operating expenses, driven by cost-cutting measures, although the company still reported a net loss of $964,849 for the quarter. The gross margin remained strong at 77%, and the company raised $3.1 million in gross proceeds from a warrant exercise agreement, which is expected to support future growth initiatives.
BIO-key’s strategic focus includes expanding its presence in Europe and the Middle East, leveraging its CyberDefense Initiative to capitalize on increased defense spending in these regions. The company is also enhancing its product offerings with advanced biometric solutions, aiming to capture opportunities in defense, finance, government, and higher education sectors.
Looking ahead, BIO-key anticipates a strong finish to 2025 with projected full-year revenues between $6.5 million and $7 million. The management remains optimistic about future growth, driven by strategic partnerships and a focus on cost reduction to achieve positive cash flow and profitability.