BIO-key International Inc. (BKYI) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5112,6367,75417,506592324
Cash and cash equivalents5112,6367,75416,99379324
Short-term investments    513513 
Receivables1,2021,5231,0538431261,574
Inventory, net of allowances, customer advances and progress billings4464,4344,941331429999
Inventory4464,4344,941331429999
Other current assets9950506011157
Other undisclosed current assets3643432162021081,276
Total current assets:2,6228,98514,01318,9421,3664,229
Noncurrent Assets
Operating lease, right-of-use asset37197254487566
Property, plant and equipment220107698296149
Long-term investments and receivables   566   
Long-term investments   453   
Accounts and financing receivable, after allowance for credit loss   113   
Intangible assets, net (including goodwill)1,4081,7632,5612,777154196
Goodwill   1,2631,263  
Intangible assets, net (excluding goodwill)1,4081,7631,2981,514154196
Contract with customer, asset, after allowance for credit loss 230283249165232319
Capitalized contract cost, net      
Deposits noncurrent assets  99999
Other undisclosed noncurrent assets   4959746,791
Total noncurrent assets:1,8952,3593,7563,5791,1307,463
TOTAL ASSETS:4,51711,34417,76922,5212,49711,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6222,1171,2577531,6061,030
Accounts payable1,3161,108428244919481
Accrued liabilities1,3061,009829508687548
Deferred revenue415462565657359
Debt1392,716 2322,255 
Contract with customer, liability197
Other undisclosed current liabilities38160177234171 
Total current liabilities:3,2135,4561,9991,8764,3911,226
Noncurrent Liabilities
Long-term debt and lease obligation18932787264390 
Long-term debt, excluding current maturities189327    
Liabilities, other than long-term debt512606745  
Deferred revenue28526745 
Deferred income tax liabilities23170   
Operating lease, liability  3887264390
Other undisclosed noncurrent liabilities     (390) 
Total noncurrent liabilities:240587154309390 
Total liabilities:3,4536,0432,1542,1854,7821,226
Equity
Equity, attributable to parent1,0645,30215,61520,335(2,285)10,466
Common stock011111
Additional paid in capital126,048122,029120,190119,84487,43685,599
Accumulated other comprehensive income (loss)23(243)    
Accumulated deficit(125,007)(116,485)(104,575)(99,510)(89,723)(75,134)
Total equity:1,0645,30215,61520,335(2,285)10,466
TOTAL LIABILITIES AND EQUITY:4,51711,34417,76922,5212,49711,692

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,7557,0205,1142,8372,2684,045
Sublease income    487566
Cost of revenue
(Cost of Goods and Services Sold)
(6,324)(2,440)(1,673)(795)(2,461)(4,164)
Gross profit:1,4314,5813,4422,042(194)(120)
Operating expenses(10,258)(14,504)(8,383)(7,365)(7,565)(6,749)
Other undisclosed operating income    8536,690 
Operating loss:(8,826)(9,924)(4,942)(4,471)(1,069)(6,869)
Nonoperating income (expense)170(2,007)(124)(5,203)(13,520)0
Investment income, nonoperating12043100
Loss, foreign currency transaction, before tax(39) (50)   
Interest and debt expense(218)(10)(18)(499)(1,069) 
Loss from continuing operations before equity method investments, income taxes:(8,874)(11,941)(5,084)(10,173)(15,658)(6,869)
Other undisclosed income from continuing operations before income taxes21810    
Loss from continuing operations before income taxes:(8,656)(11,930)(5,084)(10,173)(15,658)(6,869)
Income tax expense (benefit)134(20)    
Loss from continuing operations:(8,522)(11,951)(5,084)(10,173)(15,658)(6,869)
Loss before gain (loss) on sale of properties:(5,084)(10,173)(15,658)(6,869)
Net loss:(8,522)(11,951)(5,084)(10,173)(15,658)(6,869)
Other undisclosed net income attributable to parent  41184991,069 
Net loss attributable to parent:(8,522)(11,910)(5,066)(9,674)(14,589)(6,869)
Preferred stock dividends and other adjustments      (1,627)
Other undisclosed net loss available to common stockholders, basic    (113)  
Net loss available to common stockholders, diluted:(8,522)(11,910)(5,066)(9,787)(14,589)(8,496)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(8,522)(11,951)(5,084)(10,173)(15,658)(6,869)
Comprehensive loss:(8,522)(11,951)(5,084)(10,173)(15,658)(6,869)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent265(202)    
Comprehensive loss, net of tax, attributable to parent:(8,256)(12,153)(5,084)(10,173)(15,658)(6,869)

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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