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BKYI · Bio Key International Inc

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$2.12 -0.46 (-17.83%) At close · Nov 13
Market Cap
$3.05M
Shares
2.04M
Volume · Nov 13 219.91K Avg daily vol (3M) 5.36M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$2.12 Open$2.25 Day$2.06–2.37 52W close$1.65–10.30 Avg vol 30d5.8M Short int271K · 13.3% of shares · 1.0d Short vol46% Last earningsNov 13, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 13

Up next

Feb 11, 2027 Est · unconfirmed · in 13 wks

Latest documents

2026
Nov 13
Earnings call
License revenue rose 39% as gross margin reached 90%

BioKey reported third-quarter license fee revenue of $1.28 million, up 39%, lifting gross margin to 90%. It retired remaining note debt, won a Central Bank of Jordan initiative, and targets profitability with roughly $1.2 million in first-quarter license renewals.

5 source passages
License fee revenue grew 39% year over year, and that high margin recurring revenue lifted our gross margin to 90% from 77% a year ago, and helped reduce our operating loss by 8%. Total revenue for our Q326 was $1.48 million compared to $1.55 million in Q325. License fee revenue increased 39% to $1.28 million, representing 86% of total revenue versus 59% a year ago. In the third quarter, the Central Bank of Jordan selected BioKey for a national biometric authentication initiative. During the quarter, we retired the remaining balance of our note payable, leaving us free of our note debt. We expect roughly $1.2 million in annual license fee renewals in the first quarter alone, and we are targeting profitability as we approach that time frame. Open the document at this passage
Nov 13
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Going-concern doubt persists despite revenue growth

BIO-KEY INTERNATIONAL, INC. reported nine-month revenue of 5,548,305, net loss of 1,667,972 and operating cash outflow of 2,634,682. Management said substantial doubt exists about its ability to continue as a going concern.

Revenue $1.48M ▼ 4.3% Net loss $886.08K
Read from the first part of this long document
5 source passages
BIO-KEY INTERNATIONAL, INC. AND SUBSIDIARIES Total revenues | 1,482,781 | 1,549,706 | 5,548,305 | 4,853,772 Net loss | (1,667,972) | (2,868,790) Net cash used in operating activities | (2,634,682) | (2,838,088) The history of losses, the negative cash flow from operations, and the dependence by the Company on its ability to obtain additional financing to fund its operations after the current cash resources are exhausted raise doubt about the Company's ability to continue as a going concern. Open the document at this passage
Nov 13
Current report 8-K
Software license fees grew 39%, gross margin reached 90%

BIO-key reported Q3’26 license fee revenue growth of 39%, gross margin improvement to 90%, and an 8% narrowing of net loss to $(886K). Nine-month revenue rose 14% to $5.5M, working capital reached $3.1M, and the company retired its remaining note.

Financial results
6 source passages
Q3’26 license fee revenue rose 39% to $1.3M, reflecting continued growth in its base of annual recurring software revenue. Q3’26 gross margin improved to 90% vs. 77% in Q3’25, reflecting the increase in high-margin license fees as a percentage of total revenue. Q3’26 net loss narrowed 8% to $(886K) vs. $(965K) in Q3’25. 9M’26 revenues grew 14% to $5.5M, gross margin improved to 86% from 77%, and net loss improved 42% to $(1.7M) vs. $(2.9M) in 9M’25. Working capital improved to $3.1M at the close of Q3’26, from $1.4M at year-end 2025. BIO-key retired its remaining note in Q3’26. Open the document at this passage
Oct 30
Current report 8-K
Stockholders approve warrant-share issuance of up to 1,236,668 shares

On October 30, 2026, Bio Key International, Inc. stockholders approved issuing up to 1,236,668 common shares upon exercise of warrants issued in the August 10, 2026 warrant inducement transaction.

Shareholder vote results
2 source passages
At the reconvened Annual Meeting held on October 30, 2026, the Company’s stockholders approved Proposal 4 as set forth below. Proposal 4, which sought stockholder approval, for purposes of complying with Nasdaq Listing Rule 5635(d), of the issuance of up to 1,236,668 shares of the Company’s common stock upon the exercise of warrants issued in the Company’s August 10, 2026 warrant inducement transaction, was approved, and the final voting results were as follows: Open the document at this passage
Oct 30
Registration statement S-1/A
Resale registration covers shares issuable upon warrant exercise

BIO-key registered resale of up to 1,236,668 common shares issuable upon warrant exercise by Armistice Capital Master Fund Ltd.; full cash exercise would provide approximately $5,020,872.08, while sale proceeds go to the selling stockholder.

Read from the first part of this long document
4 source passages
BIO-key International, Inc. is a leading identity access management, or IAM, platform provider for the enterprise and large-scale customer and civil ID solutions. This prospectus covers the public sale of up to 1,236,668 shares of common stock issuable upon exercise of the Warrants (as defined below) by Armistice Capital Master Fund Ltd., the selling stockholder. If all Warrants exercisable for shares of common stock offered hereby are exercised for cash, we will receive aggregate gross proceeds of approximately $5,020,872.08. All of the proceeds from the sale of the shares covered by this prospectus will be received by the selling stockholder. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$6.63M
Trailing 12 months
Net income (TTM)
−$5.96M
Trailing 12 months
Revenue growth YoY
-4.3%
Year over year
Operating margin
-86.2%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-147.0%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+87.8%
Year over year · more shares
Price change (1Y)
—
Trailing year
Short interest
13.3%
Latest settlement · 1.0 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 13, 2026
Q3 FY26

TL;DR. License revenue grew 39% and lifted gross margin to 90%, while 9M revenue rose 14% and net loss improved 42%. International customer wins, a stronger pipeline, and debt retirement support management’s outlook for a solid finish to 2026 and a strong start to 2027. However, Q3 revenue declined 4%, hardware and service revenue fell, SG&A increased, and the warrant inducement generated a $4,502,004 deemed dividend.

Bullish
  • + Q3 license fee revenue grew 39% year over year, lifting gross margin to 90% from 77% and reducing the operating loss by 8%.
  • + For 9M'26, revenue grew 14%, gross margin improved to 86%, and net loss improved 42%.
  • + BIO-key won national biometric authentication and identity-security engagements in Jordan and Portugal.
  • + BIO-key retired its remaining note payable and became effectively free of debt, apart from a $12k European bank obligation.
  • + Management anticipates a solid finish to 2026 and a strong start to 2027, supported by government wins, an expanding pipeline, existing-customer deployments, and license renewals.
  • + EMESA revenue grew 39% to $924,760, with regional license fees more than doubling to $903,249 from $446,480.
Bearish
  • − Q3 total revenue declined 4% year over year as lower hardware sales offset software license growth.
  • − Q3 hardware revenue fell to $12,404 from $363,642 as new orders were primarily software-only and the prior period included large deployments.
  • − Service, maintenance, and other revenue decreased 27% to $195,128 because of renewal timing and the shift to partner-led SaaS and subscription deployments.
  • − Q3 SG&A rose 9% to $1,524,583, reflecting higher administrative personnel and annual meeting costs.
  • − A $4,502,004 non-cash deemed dividend increased the Q3 loss available to common stockholders to $5,388,087, or $4.01 per share.
  • − The company continues to disclose risks related to its history of losses, limited revenue, capital needs, and continuing as a going concern.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Bullish Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −52%
below
Price vs 50-day avg −14%
below
RSI (14) 43
neutral
MACD trend Negative
52-week position 5%
near low
Volume (OBV) Bullish div.
accumulating
Momentum
relative strength
Very Weak
1-month return −19%
trailing
6-month return −52%
trailing
YTD return −61%
this year
Relative strength −52%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $2 › 200d $4 — 200d above 50d
Institutional flow Accumulating
6 of 0 funds reported for Sep 30 · net +32.8K sh shares · +6 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
13.30% of shares out · ▼ -30.0% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
10 holders — mid 3-yr range
Squeeze score 63
elevated · 0–100
Fundamentals
Strong
Revenue growth +112%
Y/Y
Gross margin 72%
contracting
Free cash flow $-4.7M
Quant / Vol
risk profile
Very High
Volatility 162%
annualized · 1-yr
Max drawdown −84%
past year
ATR 19.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 1 of last 5
Latest guidance · from the 8-K filed Aug 14, 2026
Fully-reserved hardware revenue · 2H’26 $800,000
Previous outlook earlier release · from the 8-K filed May 18, 2026

Still-open targets the latest release did not restate under the same label.

Revenues · 1H'26 $5M
Prior guidance period ended · from the 8-K filed May 18, 2026
Revenues · Q2'26 $2.8M
Guided vs delivered · last 5 settled
Revenues Q2'26
guided $2.8M
$1.92M Miss −31.4%
Revenue Q1 '26
guided $2.2M
$2.15M Miss −2.5%
Full year revenue 2025
guided $6.5M – $7M
$5.94M Miss −12.0%
Full-year revenues full-year 2022
guided $7M – $9M
$7.02M In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
4 · 2 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−52% Bearish
Price vs 50-day avg
−14% Bearish
RSI (14)
43 Neutral
MACD trend
Negative Bearish
52-week position
5% Bearish
Volume (OBV)
Bullish div. Bullish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $2 › 200d $4 — 200d above 50d
Institutional flow Accumulating
6 of 0 funds reported for Sep 30 · net +32.8K sh shares · +6 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
13.30% of shares out · ▼ -30.0% MoM · 1.0 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
10 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2 Now $2 · 5% Range high $10
vs 200-day avg -52% vs 50-day avg -14%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Weighted average common shares outstanding (basic and diluted) 1,036,938 1H'26 —
non-recurring custom services revenue $4,000 the three months ended June 30, 2026 filing —
recurring maintenance and support revenue $227,000 the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Security & Protection Services — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
BKYI
Bio Key International Inc
this stock
$3.05M — +111.8% — 13.3%
ALLE
Allegion plc
$16.19B +20.6% +7.6% 23.9 3.0%
ADT
ADT Inc.
$7.23B +22.7% +4.7% — 2.8%
MSA
MSA Safety Inc
$6.71B +8.8% +3.7% 22.4 2.9%
BCO
Brinks Co
$4.81B +0.1% -5.7% 30.7 13.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
6
% held
1.6%
Reported
6 of 0
Top holder
StoneX Group Inc.
Held Float
View
Short & Settlement
Short Interest Falling
Shares short
270.7K
Days to cover
1.0d
Change
-115.8K sh
View
Short Volume
Short vol %
46%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
501.2K
Value
$1.4M
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
53.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$6.3M
Net income (FY)
$-7.2M
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 13, 2026
This year
35

BIO-KEY INTERNATIONAL, INC. reported nine-month revenue of 5,548,305, net loss of 1,667,972 and operating cash outflow of 2,634,682. Management said substantial doubt exists about its ability to continue as a going concern.

View
Exempt Offerings
Offering
$547.7K
Filed
Jan 4, 2024
View
Earnings & Events
Webcasts
Last webcast
Nov 13, 2026
View
Investor Relations
Latest news
BIO-key Q3 Software License Fees…
Published
Nov 13, 2026
View

Performance

5D 20D 120D MTD YTD
BKYI -10.9% -19.4% -51.8% -21.5% -60.7%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -13.5% -18.2% -52.3% -21.3% -71.4%
Key facts CIK 1019034 CUSIP 09060C606 13F (30d) 6 filings 6 filers Visit website Investor relations