BIO-key Will Unveil its Q1 Results on Tuesday, May 15th

BIO-key will unveil its Q1 results on Tuesday, May 15th, the company has announced. The fiscal report will be issued after market close.

BIO-key to Issue Q1 Results on May 15thIn announcing the date for its quarterly update, BIO-key was of course tight-lipped about what it would entail. But it’s fair to expect some good news from the company: Its Q4 results showed a considerable jump in revenues and net income year over year, prompting BIO-key’s leadership to issue a revenue guidance of somewhere between $8 million and $12 million for 2018.

The company has also reported a number of new contracts over the course of the first quarter of 2018, kickstarting the year with an announcement of a contract from a government defense ministry, and proceeding to bring in contract wins in the manufacturing and banking sectors. That all suggests a continuation of BIO-key’s strong revenue trend as a growing number of organizations recognize the benefits, and even the necessity, of the kinds of biometric authentication solutions that BIO-key offers.

The company says it will follow the publication of its Q1 results with a conference call on Wednesday, May 16th, starting at 10:00 a.m. The call will be led by BIO-key CEO Mike DePasquale, COO Barbara Rivera, and CFO Cecilia Welch.

(Originally posted on FindBiometrics)