NASDAQ : BKYI
BIO-key International, Inc. — Financial statements
Industrials · Security & Protection Services · United States
Last price 2.7 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.55M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
BIO-key International, Inc. (BKYI) reported revenue of 6.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.70M | 5.94M | 6.93M | 7.75M | 7.02M | 5.11M |
| Cost of Revenue | 1.25M | 1.37M | 1.29M | 6.32M | 2.44M | 1.67M |
| Gross Profit | 5.45M | 4.56M | 5.64M | 1.43M | 4.58M | 3.44M |
| Selling, General & Admin | 6.10M | 6.28M | 7.14M | 7.86M | 9.36M | 6.03M |
| Research & Development | 2.64M | 2.61M | 2.51M | 2.39M | 3.25M | 2.36M |
| Operating Expenses | 8.74M | 8.89M | 9.65M | 10.26M | 12.62M | 8.38M |
| Operating Income | -3.29M | -4.33M | -4.01M | -8.83M | -8.04M | -4.94M |
| Interest Expense | -231.91K | -317.63K | -299.75K | -218.27K | -1.16M | -18.00K |
| Interest & Investment Income | 2.75K | 3.79K | 110.00 | 11.53K | 233.00 | 4.08K |
| Currency Exchange Gain (Loss) | -13.00K | -39.00K | -50.00K | |||
| EBT Excluding Unusual Items | -3.52M | -4.64M | -4.32M | -9.07M | -9.19M | -5.01M |
| Impairment of Goodwill | -2.39M | |||||
| Gain (Loss) on Sale of Investments | -2.50M | -2.50M | -452.82K | -60.00K | ||
| Gain (Loss) on Sale of Assets | 20.00K | |||||
| Other Unusual Items | 396.20K | 103.80K | ||||
| Pretax Income | -6.02M | -7.14M | -4.32M | -8.66M | -11.93M | -5.07M |
| Income Tax Expense | 16.50K | 16.50K | -23.00K | -134.01K | -20.43K | |
| Net Income | -6.04M | -7.16M | -4.30M | -8.52M | -11.91M | -5.07M |
| Net Income to Common | -6.04M | -7.16M | -4.30M | -8.52M | -11.91M | -5.07M |
| Shares Outstanding (Basic) | 919.88K | 664.77K | 205.98K | 56.03K | 43.68K | 43.29K |
| Shares Outstanding (Diluted) | 919.88K | 664.77K | 205.98K | 56.03K | 43.68K | 43.29K |
| EPS (Basic) | -6.56 | -10.77 | -20.88 | -152.10 | -272.65 | -117.03 |
| EPS (Diluted) | -6.56 | -10.77 | -20.88 | -152.10 | -272.65 | -117.03 |
| Free Cash Flow | -4.16M | -4.68M | -2.93M | -3.79M | -6.31M | -9.02M |
| Free Cash Flow Per Share | -4.53 | -7.04 | -14.21 | -67.72 | -144.48 | -208.39 |
| Gross Margin | 81.32% | 76.88% | 81.39% | 18.46% | 65.25% | 67.29% |
| Operating Margin | -49.11% | -72.89% | -57.88% | -113.82% | -114.47% | -96.62% |
| Profit Margin | -90.10% | -120.55% | -62.06% | -109.89% | -169.65% | -99.05% |
| Free Cash Flow Margin | -62.14% | -78.83% | -42.24% | -48.93% | -89.90% | -176.37% |
| EBITDA | -2.99M | -3.98M | -3.61M | -8.40M | -7.69M | -4.67M |
| EBITDA Margin | -44.66% | -66.96% | -52.14% | -108.28% | -109.60% | -91.33% |
| D&A For EBITDA | 298.12K | 351.73K | 398.01K | 429.69K | 341.91K | 270.72K |
| EBIT | -3.29M | -4.33M | -4.01M | -8.83M | -8.04M | -4.94M |
| EBIT Margin | -49.11% | -72.89% | -57.88% | -113.82% | -114.47% | -96.62% |
| Revenue as Reported | 6.70M | 5.94M | 6.93M | 7.75M | 7.02M | |
| Advertising Expenses | 287.00K | 353.00K | 340.00K | 842.00K | 527.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.38M | 2.69M | 437.60K | 511.40K | 2.64M | 7.75M |
| Cash & Short-Term Investments | 1.38M | 2.69M | 437.60K | 511.40K | 2.64M | 7.75M |
| Accounts Receivable | 1.73M | 1.22M | 792.40K | 1.30M | 1.57M | 1.02M |
| Receivables | 1.73M | 1.22M | 792.40K | 1.30M | 1.57M | 1.10M |
| Inventory | 375.74K | 370.88K | 378.31K | 445.74K | 4.43M | 4.94M |
| Prepaid Expenses | 320.09K | 251.32K | 278.65K | 364.17K | 342.71K | 216.04K |
| Total Current Assets | 3.81M | 4.54M | 1.89M | 2.62M | 8.98M | 14.01M |
| Property, Plant & Equipment | 183.53K | 115.70K | 213.57K | 257.08K | 304.77K | 323.27K |
| Long-Term Investments | 2.50M | 2.50M | 5.00M | 452.82K | ||
| Goodwill | 1.26M | |||||
| Other Intangible Assets | 718.43K | 830.36K | 1.10M | 1.41M | 1.76M | 1.35M |
| Long-Term Deferred Charges | 266.51K | 311.59K | 409.43K | 229.81K | 283.07K | 249.01K |
| Other Long-Term Assets | 7.98K | 7.98K | 7.98K | 8.71K | 8.71K | |
| Total Assets | 7.48M | 8.30M | 8.62M | 4.52M | 11.34M | 17.77M |
| Accounts Payable | 411.20K | 507.36K | 818.19K | 1.32M | 1.11M | 427.77K |
| Accrued Expenses | 1.17M | 1.32M | 1.22M | 1.31M | 1.01M | 829.00K |
| Short-Term Debt | 699.77K | 604.10K | 1.53M | 2.60M | ||
| Current Portion of Long-Term Debt | 12.35K | 50.53K | 132.73K | 138.73K | 120.00K | |
| Current Portion of Leases | 66.58K | 27.73K | 24.64K | 37.83K | 159.66K | 177.19K |
| Current Income Taxes Payable | 15.99K | 55.99K | ||||
| Current Unearned Revenue | 653.53K | 572.51K | 773.27K | 414.97K | 462.42K | 565.36K |
| Total Current Liabilities | 3.01M | 3.10M | 4.55M | 3.21M | 5.46M | 2.00M |
| Long-Term Debt | 44.76K | 188.79K | 326.77K | |||
| Long-Term Leases | 83.15K | 21.27K | 48.99K | 37.83K | 86.97K | |
| Long-Term Unearned Revenue | 35.37K | 62.58K | 196.24K | 28.30K | 52.13K | 67.30K |
| Long-Term Deferred Tax Liabilities | 16.50K | 16.50K | 23.00K | 170.28K | ||
| Total Liabilities | 3.15M | 3.20M | 4.84M | 3.45M | 6.04M | 2.15M |
| Common Stock | 109.00 | 109.00 | 37.00 | 103.00 | 55.00 | 786.00 |
| Additional Paid-In Capital | 141.59M | 141.50M | 133.03M | 126.05M | 122.03M | 120.19M |
| Retained Earnings | -137.25M | -136.47M | -129.31M | -125.01M | -116.49M | -104.58M |
| Comprehensive Income & Other | -6.29K | 74.80K | 49.29K | 22.82K | -242.60K | |
| Total Common Equity | 4.33M | 5.11M | 3.77M | 1.06M | 5.30M | 15.62M |
| Shareholders' Equity | 4.33M | 5.11M | 3.77M | 1.06M | 5.30M | 15.62M |
| Total Liabilities & Equity | 7.48M | 8.30M | 8.62M | 4.52M | 11.34M | 17.77M |
| Total Debt | 861.85K | 703.63K | 1.78M | 365.35K | 3.24M | 264.16K |
| Net Cash (Debt) | 517.45K | 1.99M | -1.34M | 146.05K | -604.94K | 7.49M |
| Net Cash Per Share | 0.56 | 3.00 | -6.50 | 2.61 | -13.85 | 173.03 |
| Filing Date Shares Outstanding | 1.44M | 1.09M | 581.40K | 181.42K | 51.06K | 46.70K |
| Total Common Shares Outstanding | 1.09M | 1.09M | 371.55K | 103.28K | 51.06K | 43.63K |
| Working Capital | 793.45K | 1.44M | -2.67M | -591.23K | 3.53M | 12.01M |
| Book Value Per Share | 3.99 | 4.71 | 10.15 | 10.30 | 103.83 | 357.89 |
| Tangible Book Value | 3.62M | 4.28M | 2.67M | -344.43K | 3.54M | 13.01M |
| Tangible Book Value Per Share | 3.33 | 3.94 | 7.20 | -3.33 | 69.31 | 298.09 |
| Machinery | 992.82K | 1.24M | 1.24M | 1.05M | 995.86K | |
| Leasehold Improvements | 44.11K | 44.11K | 34.90K | 34.90K | 25.14K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.04M | -7.16M | -4.30M | -8.52M | -11.91M | -5.07M |
| Depreciation & Amortization | 323.54K | 377.15K | 477.53K | 429.69K | 497.26K | 503.94K |
| Other Amortization | 421.31K | 434.89K | 299.90K | 171.29K | 1.30M | 138.81K |
| Asset Writedown & Restructuring Costs | 2.39M | |||||
| Loss (Gain) From Sale of Investments | 2.50M | 2.50M | 452.82K | 60.00K | ||
| Stock-Based Compensation | 155.64K | 166.57K | 243.25K | 265.73K | 387.91K | 314.71K |
| Provision & Write-off of Bad Debts | -250.00K | -235.00K | -272.53K | 850.00K | 490.11K | 200.00K |
| Other Operating Activities | -1.32M | -438.62K | -58.41K | 3.10M | 461.77K | 150.00K |
| Change in Accounts Receivable | -367.58K | -178.42K | 880.98K | -478.56K | -339.38K | -661.62K |
| Change in Inventory | 1.26M | 520.83K | 280.44K | 402.13K | 106.29K | -4.61M |
| Change in Accounts Payable | -478.10K | -310.63K | -502.99K | 57.73K | 239.14K | 183.61K |
| Change in Unearned Revenue | -281.23K | -334.41K | 526.24K | -71.29K | -120.08K | -69.68K |
| Change in Income Taxes | 15.00K | -121.76K | ||||
| Change in Other Net Operating Assets | -84.21K | -13.11K | -502.79K | 128.14K | -185.00K | -122.71K |
| Operating Cash Flow | -4.16M | -4.67M | -2.91M | -3.79M | -6.23M | -8.98M |
| Capital Expenditures | -5.96K | -12.01K | -13.05K | -1.00K | -82.04K | -42.02K |
| Cash Acquisitions | -623.58K | |||||
| Other Investing Activities | 9.00K | |||||
| Investing Cash Flow | -5.96K | -12.01K | -13.05K | -1.00K | -696.62K | -42.02K |
| Short-Term Debt Issued | 1.00M | 2.00M | 2.00M | |||
| Total Debt Issued | 1.00M | 1.00M | 2.00M | 2.00M | ||
| Short-Term Debt Repaid | -455.00K | -762.61K | -2.20M | -155.14K | -250.00K | |
| Long-Term Debt Repaid | -146.39K | -150.02K | -119.25K | |||
| Total Debt Repaid | -567.93K | -601.39K | -912.63K | -2.32M | -155.14K | -250.00K |
| Net Debt Issued (Repaid) | 432.07K | 398.61K | 1.09M | -2.32M | 1.85M | -250.00K |
| Issuance of Common Stock | 3.16M | 6.97M | 1.91M | 4.30M | ||
| Other Financing Activities | -204.13K | -452.92K | -168.61K | -543.89K | 56.38K | 31.40K |
| Financing Cash Flow | 3.39M | 6.91M | 2.83M | 1.43M | 1.90M | -218.60K |
| Foreign Exchange Rate Adjustments | -121.19K | 25.51K | 26.47K | 236.89K | -96.11K | |
| Net Cash Flow | -896.04K | 2.26M | -73.80K | -2.12M | -5.12M | -9.24M |
| Free Cash Flow | -4.16M | -4.68M | -2.93M | -3.79M | -6.31M | -9.02M |
| Free Cash Flow Margin | -62.14% | -78.83% | -42.24% | -48.93% | -89.90% | -176.37% |
| Free Cash Flow Per Share | -4.53 | -7.04 | -14.21 | -67.72 | -144.48 | -208.39 |
| Levered Free Cash Flow | -2.67M | -2.79M | -1.19M | -91.54K | -2.97M | -6.60M |
| Unlevered Free Cash Flow | -2.79M | -2.85M | -1.13M | 44.88K | -3.40M | -6.60M |
| Cash Interest Paid | 60.48K | 60.79K | 175.75K | 218.27K | 10.46K | |
| Cash Income Tax Paid | 25.68K | |||||
| Change in Working Capital | 47.10K | -315.75K | 696.88K | -83.62K | -299.02K | -5.28M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.13M | 5.84M | 6.36M | 5.43M | 5.36M | 17.31M |
| Enterprise Value | 3.61M | 5.27M | 7.03M | 7.87M | 3.29M | 8.05M |
| Last Close Price | 2.45 | 5.39 | 17.10 | 30.00 | 105.32 | 397.80 |
| Forward PE | 245.00 | 245.00 | 245.00 | 245.00 | 34.44 | |
| PS Ratio | 0.62 | 0.98 | 0.92 | 0.70 | 0.76 | 3.38 |
| PB Ratio | 0.61 | 1.14 | 1.69 | 5.11 | 1.01 | 1.11 |
| P/TBV Ratio | 1.14 | 1.37 | 2.38 | 1.51 | 1.33 | |
| EV/Sales Ratio | 0.54 | 0.89 | 1.01 | 1.01 | 0.47 | 1.57 |
| Debt / Equity Ratio | 0.20 | 0.14 | 0.47 | 0.34 | 0.61 | 0.02 |
| Net Debt / Equity Ratio | -0.12 | -0.39 | 0.35 | -0.14 | 0.11 | -0.48 |
| Net Debt / EBITDA Ratio | 0.17 | 0.50 | -0.37 | 0.02 | -0.08 | 1.60 |
| Net Debt / FCF Ratio | 0.12 | 0.42 | -0.46 | 0.04 | -0.10 | 0.83 |
| Asset Turnover | 0.74 | 0.70 | 1.05 | 0.98 | 0.48 | 0.25 |
| Inventory Turnover | 3.61 | 3.67 | 3.13 | 2.59 | 0.52 | 0.64 |
| Quick Ratio | 1.03 | 1.26 | 0.27 | 0.56 | 0.77 | 4.39 |
| Current Ratio | 1.26 | 1.47 | 0.41 | 0.82 | 1.65 | 7.01 |
| Return on Equity (ROE) | -107.91% | -161.24% | -177.88% | -267.77% | -113.88% | -28.18% |
| Return on Assets (ROA) | -22.85% | -31.97% | -38.18% | -69.56% | -34.51% | -15.33% |
| Return on Capital Employed (ROCE) | -73.60% | -83.10% | -98.70% | -677.00% | -136.50% | -31.30% |
| Earnings Yield | -267.82% | -122.52% | -67.57% | -156.82% | -222.10% | -29.26% |
| FCF Yield | -100.89% | -80.12% | -45.99% | -69.83% | -117.69% | -52.10% |
| Buyback Yield / Dilution | -137.47% | -222.74% | -267.63% | -28.26% | -0.91% | -65.75% |