BIO-key International Inc. (BKYI) Financial Statements (2025 and earlier)

Company Profile

Business Address 101 CRAWFORDS CORNER RD
HOLMDEL, NJ 07733
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4385112,6367,75417,506592
Cash and cash equivalent4385112,6367,75416,99379
Short-term investments     513513
Receivables7181,2021,5231,053843126
Inventory, net of allowances, customer advances and progress billings3784464,4344,941331429
Inventory3784464,4344,941331429
Other current assets7499505060111
Other undisclosed current assets279364343216202108
Total current assets:1,8872,6228,98514,01318,9421,366
Noncurrent Assets
Operating lease, right-of-use asset7337197254487566
Property, plant and equipment140220107698296
Long-term investments and receivables5,000  566  
Long-term investments5,000  453  
Accounts and financing receivable, after allowance for credit loss    113  
Intangible assets, net (including goodwill)1,0981,4081,7632,5612,777154
Goodwill    1,2631,263 
Intangible assets, net (excluding goodwill)1,0981,4081,7631,2981,514154
Contract with customer, asset, after allowance for credit loss  230283249165232
Capitalized contract cost, net409     
Deposits noncurrent assets8 9999
Other undisclosed noncurrent assets    495974
Total noncurrent assets:6,7291,8952,3593,7563,5791,130
TOTAL ASSETS:8,6164,51711,34417,76922,5212,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0972,6222,1171,2577531,606
Accounts payable8181,3161,108428244919
Accrued liabilities1,2791,3061,009829508687
Deferred revenue773415462565657359
Debt  1392,716 2322,255
Other undisclosed current liabilities1,68338160177234171
Total current liabilities:4,5543,2135,4561,9991,8764,391
Noncurrent Liabilities
Long-term debt and lease obligation4518932787264390
Long-term debt, excluding current maturities45189327   
Liabilities, other than long-term debt245512606745 
Deferred revenue19628526745 
Deferred income tax liabilities  23170   
Operating lease, liability49 3887264390
Other undisclosed noncurrent liabilities      (390)
Total noncurrent liabilities:290240587154309390
Total liabilities:4,8443,4536,0432,1542,1854,782
Equity
Equity, attributable to parent3,7721,0645,30215,61520,335(2,285)
Common stock001111
Additional paid in capital133,030126,048122,029120,190119,84487,436
Accumulated other comprehensive income (loss)4923(243)   
Accumulated deficit(129,308)(125,007)(116,485)(104,575)(99,510)(89,723)
Total equity:3,7721,0645,30215,61520,335(2,285)
TOTAL LIABILITIES AND EQUITY:8,6164,51711,34417,76922,5212,497

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues6,9307,7557,0205,1142,8372,268
Sublease income     487566
Cost of revenue
(Cost of Product and Service Sold)
(1,289)(6,324)(2,440)(1,673)(795)(2,461)
Gross profit:5,6401,4314,5813,4422,042(194)
Operating expenses(9,651)(10,258)(14,504)(8,383)(7,365)(7,565)
Other undisclosed operating income     8536,690
Operating loss:(4,011)(8,826)(9,924)(4,942)(4,471)(1,069)
Nonoperating income (expense)(313)170(2,007)(124)(5,203)(13,520)
Loss, foreign currency transaction, before tax (13)(39) (50)  
Interest and debt expense(176)(218)(10)(18)(499)(1,069)
Loss from continuing operations before equity method investments, income taxes:(4,499)(8,874)(11,941)(5,084)(10,173)(15,658)
Other undisclosed income from continuing operations before income taxes17621810   
Loss from continuing operations before income taxes:(4,324)(8,656)(11,930)(5,084)(10,173)(15,658)
Income tax expense (benefit) 23134(20)   
Other undisclosed income from continuing operations      
Loss from continuing operations:(4,301)(8,522)(11,951)(5,084)(10,173)(15,658)
Loss before gain (loss) on sale of properties:(5,084)(10,173)(15,658)
Net loss:(4,301)(8,522)(11,951)(5,084)(10,173)(15,658)
Other undisclosed net income attributable to parent   41184991,069
Net loss attributable to parent:(4,301)(8,522)(11,910)(5,066)(9,674)(14,589)
Other undisclosed net loss available to common stockholders, basic     (113) 
Net loss available to common stockholders, diluted:(4,301)(8,522)(11,910)(5,066)(9,787)(14,589)

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net loss:(4,301)(8,522)(11,951)(5,084)(10,173)(15,658)
Comprehensive loss:(4,301)(8,522)(11,951)(5,084)(10,173)(15,658)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent26265(202)   
Comprehensive loss, net of tax, attributable to parent:(4,274)(8,256)(12,153)(5,084)(10,173)(15,658)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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