Financial PerformanceBKYI reported better-than-expected 3Q24 results with revenue of $2.1M, above our estimate.
Future GrowthManagement expects to deliver year-over-year revenue growth and improved profitability in 2025 compared to 2024, with the primary driver attributed to larger deployments and accelerating high-margin recurring license revenues.
Product InnovationBKYI recently entered the passkey authentication market with the recent launch of “Passkey:YOU”, a unique password-less authentication solution that leverages biometric security to deliver secure passkeys without the use of phones.