BIO-key International, Inc. develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions in the United States and internationally. It offers BIO-key PortalGuard and PortalGuard IDaaS cloud-based identity platforms, which allows authentication through an IAM platform; and BIO-key VST and WEB-key; civil and large-scale ID infrastructure. The company also provides fingerprint readers for commercial companies under the SidePass, SideSwipe, and EcoID II brands; and identity and access management, user multi-factor authentication, single sign on, privilege entitlement, and access control. It serves commercial, government, and education customers. The company was formerly known as SAC Technologies and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Holmdel, New Jersey.
BIO-key’s Bottom Line Improves 51% on 13% Rise in Q2 Revenues Reflecting Strength with Government, Defense, and Financial Sector Customers Globally; Call Tomorrow at 10am ET
BIO-key reported Q2 revenue of $1.9 million, up 13% year-over-year, while narrowing its net loss by 51% to $577,000 driven by a 14-point improvement in gross margin to 87%.
Management maintained a positive outlook for the second half of 2026, targeting revenue growth and profitability as a delayed $0.8M hardware order shifts into the period.
The balance sheet was strengthened this week with $2.5M raised from warrant exercises at $4.06 per share, bringing total cash to over $4.5M to support new government and financial sector wins.