BIO-key International reports Q3 revenue of $1.55 million

Reuters

2025/11/14

BIO-key International reports Q3 revenue of $1.55 million

BIO-key International Inc. reported total revenues of $1.6 million for the third quarter of 2025, compared to $2.1 million in the same period last year. The year-over-year decrease was mainly due to two large orders in Q3 2024 totaling approximately $665,000. As of September 30, 2025, total current assets were $2.2 million, including $1.1 million in cash and cash equivalents, $0.5 million in accounts receivable, and $0.6 million in inventory. The company issued a $1.0 million senior secured promissory note on September 30, 2025. Subsequent to the quarter, on October 27, 2025, BIO-key raised $3.1 million in gross proceeds from a warrant exercise agreement with an existing institutional investor. Business developments included a significant new deployment of biometric and multi-factor authentication technologies for a Middle East defense sector organization and additional hardware and license orders totaling $134,000 in Q4 2025 to a foreign defense ministry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BIO-key International Inc. published the original content used to generate this news brief on November 14, 2025, and is solely responsible for the information contained therein.

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The year-over-year decrease was mainly due to two large orders in Q3 2024 totaling approximately $665,000. As of September 30, 2025, total current assets were $2.2 million, including $1.1 million in cash and cash equivalents, $0.5 million in accounts receivable, and $0.6 million in inventory. The company issued a $1.0 million senior secured promissory note on September 30, 2025. Subsequent to the quarter, on October 27, 2025, BIO-key raised $3.1 million in gross proceeds from a warrant exercise agreement with an existing institutional investor. 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BIO-key International Inc. published the original content used to generate this news brief on November 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BKYI","symbol_name":"BIO-key International, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251114:nNDL79wRDN:1","article_id":"2583050575","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583050575","pubTimestamp":1763124462,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BIO-key International Inc. reported total revenues of $1.6 million for the third quarter of 2025, compared to $2.1 million in the same period last year. 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