BIO-key International will present at the Microcap Conference in Atlantic City on January 29-30, 2025.
Quiver AI Summary
BIO-key International, Inc. will be presenting at the Microcap Conference on January 29-30, 2025, at the Borgata hotel in Atlantic City, where CEO Mike DePasquale will discuss the company's recent 18% revenue increase and new strategic partnerships, including a collaboration with Fiber Food Systems focused on food security and innovations in plant-based proteins. The company aims to explore additional opportunities in growth markets and enhance security through partnerships, including plans with Guinn Partners. The conference features various microcap companies and provides networking opportunities for investors.
Potential Positives
- BIO-key's Q3'24 revenues increased by 18% to $2.1 million, indicating strong growth driven by higher software license revenue.
- The company is actively pursuing strategic collaborations, including a recent partnership with Fiber Food Systems, Inc., which may enhance its market presence and diversify its offerings.
- CEO Mike DePasquale will have a platform to present and network with potential investors at the Microcap Conference, which can help attract further interest and investment in the company.
- BIO-key's innovative IAM solutions secure access for over forty million users, showcasing the wide adoption and trust in their technology.
Potential Negatives
- Company's history of losses and limited revenue raises concerns about its financial stability and long-term sustainability.
- Participation in a Microcap Conference may indicate the company is seeking to attract attention due to challenges in visibility or market presence.
- Statements about future partnerships and growth are framed as "forward-looking," which introduces uncertainty regarding the actual execution of these plans.
FAQ
What is BIO-key International’s focus in identity and access management?
BIO-key International specializes in Identity-Bound Biometrics for phoneless, tokenless, passwordless, and phish-resistant authentication solutions.
When will BIO-key present at the Microcap Conference?
BIO-key will present on January 29th at 2:00pm ET during the Microcap Conference at the Borgata hotel, Atlantic City.
Who should attend the Microcap Conference?
Qualified investors are welcome to register and attend the Microcap Conference for free.
What recent collaborations has BIO-key announced?
BIO-key has announced partnerships with Fiber Food Systems for food security and Guinn Partners for enhancing complex system security.
How has BIO-key's revenue performed recently?
BIO-key reported an 18% increase in Q3’24 revenues, reaching $2.1 million, driven mainly by higher software license revenue.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BKYI Hedge Fund Activity
We have seen 5 institutional investors add shares of $BKYI stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARMISTICE CAPITAL, LLC added 250,000 shares (+inf%) to their portfolio in Q3 2024
- VIRTU FINANCIAL LLC added 14,811 shares (+inf%) to their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 12,108 shares (-100.0%) from their portfolio in Q3 2024
- UBS GROUP AG added 3,861 shares (+157.8%) to their portfolio in Q3 2024
- TOWER RESEARCH CAPITAL LLC (TRC) removed 714 shares (-12.1%) from their portfolio in Q3 2024
- WELLS FARGO & COMPANY/MN added 39 shares (+1300.0%) to their portfolio in Q3 2024
- ABICH FINANCIAL WEALTH MANAGEMENT LLC removed 37 shares (-100.0%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ATLANTIC CITY, N.J. and HOLMDEL, N.J., Jan. 02, 2025 (GLOBE NEWSWIRE) --
BIO-key
®
International, Inc.
(NASDAQ: BKYI), an innovative provider of identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless, and phish-resistant authentication, will present and meet with investors at DealFlow Event’s Microcap Conference on Wednesday, January 29
th
& 30
th
at the Borgata hotel in Atlantic City, New Jersey.
CEO Mike DePasquale will present at 2:00pm ET on Wednesday and be available for meetings both days.
Registration Information:
Click here:
https://themicrocapconference.com/tickets/
to register and attend the Microcap Conference. Qualified investors are welcome to register and attend for free.
Mr. DePasquale, commented, “We look forward to networking with potential partners and strategic investors at DealFlow’s Microcap Conference. BIO-key’s Q3’24 revenues rose 18% to $2.1M principally due to higher software license revenue related to long-term customers. To support accelerating growth, we have been pursuing strategic collaborations that position our solutions for exciting new use cases, such as our recent agreement with
Fiber Food Systems, Inc
. which is focused on global food security, innovative food-technology, and producing high-demand consumer products and plant-based proteins. This collaboration combines BIO-key’s expertise in secure, scalable, and versatile IAM solutions with Fiber’s know-how and presence in food distribution channels.
“We also announced a planned partnership with
Guinn Partners
, an advanced engineering solutions provider for robotics, drones, and electric propulsion systems. We intend to demonstrate how biometric security can enhance the safety and functionality of complex systems for Guinn and its expanding customer base, and we continue to explore additional strategic partnership opportunities in other growth markets.”
A
bout The Microcap Conference and DealFlow Events
(
https://themicrocapconference.com
)
Organized by DealFlow Events, the 3-day Microcap Conference features publicly-traded microcaps and qualified private companies across various high-growth sectors, and no invitation is required. The event offers a platform for companies to showcase their value propositions through presentations, one-on-one meetings, interactive sessions and networking opportunities.
Keynote presentations and panel discussions led by renowned industry figures will provide insights on business, investing, entrepreneurial success, and other trends in US equity markets, from capital formation to regulatory updates, specific to the microcap community.
About BIO-key International, Inc.
(
www.BIO-key.com
)
BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.
Safe Harbor Statement
All statements contained in this press release other than statements of historical facts are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs and assumptions made by, and information currently available to, management pursuant to the "safe harbor" provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, the ability to execute definitive agreements with Fiber Food Systems Inc. and/or its customers to utilize our access management solutions; our ability to integrate our solutions into Fiber’s offerings; our history of losses and limited revenue; our ability to maintain the compliance we recently achieved with Nasdaq’s continued listing rule requiring stockholders’ equity of at least $2,500,000; as well as other factors set forth under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to rely on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements, whether as a result of new information, future events, or otherwise.
Engage with BIO-key | |
Facebook – Corporate: | https://www.facebook.com/BIOkeyInternational/ |
LinkedIn – Corporate: | https://www.linkedin.com/company/bio-key-international |
X – Corporate: | @BIOkeyIntl |
X – Investors: | @BIO_keyIR |
StockTwits: | BIO_keyIR |
Investor Contacts
William Jones, David Collins
Catalyst IR
BKYI@catalyst-ir.com
or 212-924-9800
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
