Last $0.12 USD
Change Today -0.0055 / -4.31%
Volume 292.0K
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As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

bio-key international inc (BKYI) Snapshot

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09/16/13 - $0.36
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bio-key international inc (BKYI) Details

BIO-key International, Inc. develops and markets fingerprint biometric technology and related security software solutions to private and public sector customers. Its solutions enable application developers, value added resellers, and channel partners to integrate fingerprint biometrics into their application. The company’s products include Vector Segment Technology SDK, a biometric software development kit; Intelligent Image Indexing, a biometric identification solution that offers one-to-many user identifications; and WEB-key, an authentication-transaction security platform for securing user authentication across unprotected networks, including the Internet. Its products also include Biometric Service Provider, which provides support for the BioAPI for a compliant interface to applications using biometrics for verification and identification; and ID Director, a solution for single sign on integration with CA Technologies SiteMinder, Oracle’s Fusion Middleware SSO, IBM Tivoli Access Manager, and other solutions. The company markets its products through its direct sales force of professionals, as well as through resellers, integrators, and partner networks to government and corporate customers primarily in North America. The company was formerly known as SAC Technologies, Inc. and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Wall, New Jersey.

17 Employees
Last Reported Date: 03/31/14
Founded in 1993

bio-key international inc (BKYI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $257.8K
Chief Technology Officer
Total Annual Compensation: $151.3K
Vice President of Marketing
Total Annual Compensation: $144.3K
Compensation as of Fiscal Year 2013.

bio-key international inc (BKYI) Key Developments

BIO-key International, Inc. to Expand Footprint in the Healthcare Market

BIO-key International, Inc. has added three additional eye care center customers, Eyecare Medical, Portland, ME, Hollingshead Eye Center, Boise, Idaho and I Care San Antonio in Texas. With the addition of these three new customers, BIO-key now provides fingerprint authentication solutions for 57 eye care centers throughout the U.S. BIO-key is delivering this capability through partners Medflow and Davlong, both of which have a strong presence in the eye care market. The federal government has mandated the universal adoption of electronic health records for today's healthcare providers. The doctors, nurses and assistants affected are all benefiting from the streamlined and paperless electronic process. Yet, there is one area that offers opportunity for improvement: the authentication process. Healthcare professionals are required to remember and enter lengthy, sophisticated passwords, every time they update a patient record, as part of the authentication process. During a typical day, providers enter their password dozens of times, and in the hospital pharmacy has seen this number reach as high as two hundred times. Passwords are extremely vulnerable to compromise and increase risk for the entire organization. When healthcare organizations replace cumbersome authentication methods, such as passwords, with BIO-key one touch fingerprint ID, they enhance security, improve workflow, reduce stress, meet compliance requirements and generate additional revenue by optimizing patient interactions.

BIO-key International, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

BIO-key International, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $402,789 against $422,257 a year ago. Operating loss was $1,124,497 against $540,183 a year ago. Net loss was $1,026,286 against $554,831 a year ago. Basic and diluted loss per share was $0.01 against $0.01 a year ago. For the six months, the company reported revenues of $1,770,311 against $1,226,900 a year ago. Operating loss was $1,217,852 against $848,238 a year ago. Net loss was $1,325,500 against $870,409 a year ago. Basic and diluted loss per share was $0.01 against $0.01 a year ago. For the third quarter of 2014, the company expects revenue between $800,000 and $1.2 million, representing growth of 100%-200% over third quarter of 2013. Gross margin is expected to exceed 85%. The company expects to generate operating income with incremental revenue above $1.5 million in sales.

BIO-key International, Inc. to Report Q2, 2014 Results on Aug 13, 2014

BIO-key International, Inc. announced that they will report Q2, 2014 results on Aug 13, 2014


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