- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI Summary - About
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
09/28/2026: BKYI (1-star) is currently NOT-A-BUY. Pass it for now.
BIO-key International is a small-cap technology company providing biometric-based identity and access management solutions. The company's main strength lies in its specialized software platform, PortalGuard, which facilitates secure, passwordless authentication for enterprises. Its growth story centers on capitalizing on the secular trend toward cloud-based security. However, the company faces significant competition from much larger, well-funded technology firms, and it has historically struggled with profitability and cash flow. The stock is best suited for risk-tolerant investors who can monitor execution and liquidity developments. It is not currently suitable for value or dividend-focused investors, as the company remains in a growth and operational refinement phase.
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 | Mixed fit | The company targets high-growth security markets but has yet to demonstrate consistent profitable scaling. |
| Momentum investor | Weak fit | The stock lacks the consistent price uptrend and volume characteristics typically sought by momentum players. |
| Value investor | Weak fit | Lack of consistent earnings and cash flow makes traditional value metrics difficult to apply. |
| Dividend investor | Weak fit | The company does not pay a dividend and focuses capital on operational survival and growth. |
| Low-risk investor | Weak fit | High volatility and operational risks make this unsuitable for risk-averse portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock exhibits significant price swings due to its small-cap nature and speculative interest. |
| Valuation risk | High | Investors face uncertainty regarding fundamental value given the lack of consistent profitability. |
| Competition risk (Identity/Security market) | High | The company faces immense pressure from much larger, better-funded tech giants. |
| Business quality | Medium | The shift to a software-as-a-service model is positive, but history shows difficulty in sustaining margins. |
| Dividend income | Low / none | There is no income generation for shareholders. |
| Execution risk | Medium / high | The ability to scale sales and maintain market share against major competitors is a persistent challenge. |
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 2.57M USD | Price to earnings Ratio - | 1Y Target Price 20 |
Price to earnings Ratio - | 1Y Target Price 20 | ||
Volume (30-day avg) 56.0K shares | Beta 0.4 | 52 Weeks Range 1.63 - 13.80 | Updated Date 09/27/2026 |
52 Weeks Range 1.63 - 13.80 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -7.91 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Software/SaaS | PortalGuard and identity management platform subscriptions. | The company aims to make consistent money through subscription fees for their security software. |
| Hardware | Fingerprint scanner hardware sales. | A smaller, legacy revenue stream that complements their software solutions. |
| Services | Integration, consulting, and support services. | Revenue earned by helping companies set up and manage their security systems. |
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 3.04M | Price to Sales(TTM) 0.38 |
Enterprise Value 3.04M | Price to Sales(TTM) 0.38 | ||
Enterprise Value to Revenue 0.45 | 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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.

