“There is some reason for optimism about the company’s results. In Q2, BIO-key saw revenues of almost $2.3 million, a huge increase above Q2 2014’s $402,879.”
Fingerprint biometrics technology developer BIO-key will issue its third quarter fiscal results on November 16th, the company has announced. The company will also host a conference call that same day, at 10:00 a.m. ET.
There is some reason for optimism about the company’s results. In Q2, BIO-key saw revenues of almost $2.3 million, a huge increase above Q2 2014’s $402,879. And its net income rose to $753,000, compared against a $1,026,286 loss in Q2 of last year. The company has also been busy marketing its recently-launched SideSwipe fingerprint reader, in addition to the EcoID reader launched this past spring.
In a statement, BIO-key also indicated its management would “review the recently announced strategic investment received from a Hong-Kong based technology investor.” That refers to a major $8.4 million investment deal that will see the appointment of one of the investor’s representatives to BIO-key’s board of directors – the details of which will undoubtedly be of great interest to BIO-key’s stakeholders.
(Originally posted on FindBiometrics)