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BIO-key International, Inc. Common Stock(BKYI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BKYI
09/15/2026: BKYI (1-star) is currently NOT-A-BUY. Pass it for now.
BIO-key International is a small-cap technology company specializing in biometric authentication and identity management software. The company is currently transitioning its focus toward its PortalGuard IDaaS platform to capture recurring revenue in the growing cybersecurity sector. While the firm possesses specialized biometric expertise, it faces intense competition from much larger, well-capitalized enterprise security providers. Key risks include inconsistent profitability, significant price volatility, and the challenge of scaling its software business. The stock may suit speculative investors interested in the cybersecurity space, though investors should monitor the company's ability to maintain cash flow and secure larger enterprise contracts against dominant industry incumbents.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company has struggled to demonstrate consistent, scalable revenue growth required for a typical growth-oriented profile. |
| Momentum investor | Weak fit | The stock lacks the consistent upward price action and volume characteristics typically sought by momentum traders. |
| Value investor | Mixed fit | While the market cap is low, evaluating 'value' is difficult given the lack of consistent earnings and profitability. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses entirely on operational funding. |
| Low-risk investor | Weak fit | The high volatility and operational risks make this unsuitable for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is subject to significant price swings, which can lead to substantial capital loss. |
| Valuation risk | Medium / high | Difficulty in predicting future cash flows complicates fair value assessment. |
| Competition risk (enterprise security) | High | Competition from multi-billion dollar firms with superior R&D budgets poses a constant threat. |
| Business quality | Medium | Profitability and cash flow consistency remain ongoing areas of concern. |
| Dividend income | Low / none | Investors should not expect any income from this security. |
| Execution risk | Medium / high | Success depends entirely on the effective marketing and adoption of the PortalGuard platform. |
Price Behavior

Steep Decline
The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -61.06% | Avg. Invested days 5 | Today’s Advisory PASS |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals 
Financial Health Rating 
Growth Momentum Score 
Ownership 
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue) 
Economic Dimensions
Quantitative Style Profile 
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 3.81M USD | Price to earnings Ratio - | 1Y Target Price 20 |
Price to earnings Ratio - | 1Y Target Price 20 | ||
Volume (30-day avg) 55.0K shares | Beta 0.4 | 52 Weeks Range 2.51 - 13.80 | Updated Date 09/15/2026 |
52 Weeks Range 2.51 - 13.80 | Updated Date 09/15/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -7.91 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Software Subscriptions | Recurring revenue from the PortalGuard IDaaS and on-premise identity management platforms. | The company earns money through recurring fees from customers using their software to secure their networks. |
| Hardware & Professional Services | Sales of biometric scanners and consulting/implementation fees for deploying security solutions. | This segment provides upfront revenue through device sales and setup support for new clients. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3.29M | Price to Sales(TTM) 0.57 |
Enterprise Value 3.29M | Price to Sales(TTM) 0.57 | ||
Enterprise Value to Revenue 0.49 | Enterprise Value to EBITDA -0.74 | Shares Outstanding 1.44M | Shares Floating 1.34M |
Shares Outstanding 1.44M | Shares Floating 1.34M | ||
Percent Insiders 8.66 | Percent Institutions 2.5 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About BIO-key International, Inc. Common Stock
Exchange NASDAQ | Headquarters Holmdel, NJ, United States | ||
IPO Launch date 1997-02-14 | Chairman & CEO Mr. Michael W. DePasquale | ||
Sector Industrials | Industry Security & Protection Services | Full time employees 41 | Website https://www.bio-key.com |
Full time employees 41 | Website https://www.bio-key.com | ||
BIO-key International, Inc. develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions in the United States and internationally. It offers BIO-key PortalGuard and PortalGuard IDaaS cloud-based identity platforms, which allows authentication through an IAM platform; and BIO-key VST and WEB-key; civil and large-scale ID infrastructure. The company also provides fingerprint readers for commercial companies under the SidePass, SideSwipe, and EcoID II brands; and identity and access management, user multi-factor authentication, single sign on, privilege entitlement, and access control. It serves commercial, government, and education customers. The company was formerly known as SAC Technologies and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Holmdel, New Jersey.

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