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Bio-Key International (BKYI)
:BKYI
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.35Last Year’s EPS
-5.54Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -27.68%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
The earnings call revealed a strategic shift towards higher-margin products, resulting in improved gross profit and margin. Despite a decline in total revenue due to exiting low-margin services, the company is showing promising growth prospects for 2025 with increased demand for its IAM solutions and several strategic partnerships. However, the decline in hardware and service revenue presents challenges that need addressing.Company Guidance
During BIO-key International's 2024 Fourth Quarter Conference Call, the company reported a strategic pivot that resulted in significant financial changes. They strengthened their financial position with approximately $3.8 million from a warrant exercise and reduced outstanding debt to $730,000 from $1.5 million. License fee revenue increased by 20% to $5.2 million, contributing to a gross profit rise of 8% to $5.4 million, achieving an adjusted gross margin of 78% compared to 64% in 2023. However, total revenue declined by 11% to $6.9 million due to exiting a low-margin software relationship. Operating expenses were reduced by 6%, and cash burn was trimmed by 23% to $2.9 million. The company is optimistic about 2025, citing encouraging order activity, a strong presence in international defense, and a strategic focus on core solutions like PortalGuard IAM and identity-bound biometrics. They project growth in hardware and services revenue and intend to leverage partnerships and market expansions to drive growth and profitability.Increased Gross Profit and Margin
BIO-key's gross profit rose to $5.4 million in 2024, an 8% increase, with an adjusted gross margin of 78% compared to 64% in 2023.
License Revenue Growth
High-margin software license fee revenue increased by 20% to $5.2 million in 2024.
Reduced Cash Burn and Expenses
Operating expenses were reduced by 6% in 2024, and cash burn was trimmed by 23% to $2.9 million.
Contract Wins and Strategic Partnerships
Secured a $910,000 contract with a foreign financial services client and a significant partnership with the National Bank of Egypt.
Strong Start to 2025
Encouraging order activity and customer interest in 2025, with an emphasis on passwordless, phoneless, and tokenless IAM solutions.
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BKYI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKYI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 27, 2025 | $1.12 | $0.86 | -23.21% |
| Nov 14, 2024 | $1.02 | $0.94 | -7.84% |
| Aug 14, 2024 | $1.40 | $1.25 | -10.71% |
| Jun 17, 2024 | $1.86 | $1.50 | -19.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bio-Key International (BKYI) report earnings?
Bio-Key International (BKYI) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Bio-Key International (BKYI) earnings time?
Bio-Key International (BKYI) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKYI EPS forecast?
BKYI EPS forecast for the fiscal quarter 2025 (Q1) is -0.35.
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