BIO-key International, Inc. Common Stock logo

BIO-key International, Inc. Common Stock(BKYI)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$2.74
10/27/2026
(24-hour delay)

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)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for BKYI

10/27/2026: BKYI (1-star) is currently NOT-A-BUY. Pass it for now.

BIO-key International is a technology company focused on identity and access management through biometric authentication. Its primary strengths lie in its specialized biometric expertise and the PortalGuard software platform, which it has successfully transitioned toward a recurring revenue model. The main growth opportunity resides in the increasing demand for secure, passwordless enterprise authentication. However, the company faces significant risks, including persistent operational losses, heavy competition from major technology providers, and limited financial scale. The stock may suit investors willing to tolerate high volatility, though its long-term financial health remains subject to successful execution in a crowded and competitive cybersecurity landscape.

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 styleFitWhy
Growth investorWeak fitThe company lacks consistent, high-growth revenue trends necessary for traditional growth investment.
Momentum investorWeak fitThis stock generally lacks the price momentum typically required by momentum strategies.
Value investorWeak fitPersistent unprofitability makes traditional value metrics like P/E ratios inapplicable.
Dividend investorWeak fitThe company does not pay dividends and lacks the cash flow to support future payouts.
Low-risk investorWeak fitHigh price volatility and operational risks make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to extreme price swings often decoupled from fundamental performance.
Valuation riskHighThe absence of earnings makes valuation highly speculative.
Competition risk (Enterprise Software)HighSmaller players struggle against the integrated, enterprise-grade offerings of industry titans.
Business qualityMediumThe company has struggled to achieve a durable competitive advantage or sustained profitability.
Dividend incomeLow / noneThere is no income generation for shareholders.
Execution riskHighThe successful transition to a scalable SaaS business model remains uncertain.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

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 star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/27/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
BKYI receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
BKYI has moderate overall fundamentals (3 stars), with soft financial health, soft growth momentum, and moderate ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-6.7%), weak cash generation (FCF margin -76.7%), negative revenue growth (-12.0%).

Financial Health Rating

★★★★★
BKYI's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 13.3%). Cash strength is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
BKYI's growth profile is soft, with the least-weak measure being earnings growth at -6.7% FY2025 versus FY2024. By comparison, while revenue growth (-12.0%, negative) and free-cash-flow growth (-59.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 2.5% (soft) and 66.4% of outstanding shares are publicly tradable (solid). Insider ownership of 8.66% supports management-shareholder alignment.

Top 5 Institutional Investors

HARBOUR INVESTMENTS, INC. 0.00%
Jane Street Group LLC 0.00%
Tower Research Capital LLC 0.00%
Vanguard Capital Management, LLC 0.00%
Citigroup Inc 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
BKYI generates approximately $775 of gross profit, $-699 of operating income, and $-767 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.36%

Quantitative Style Profile

★★★★★
BKYI has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 5.80M USD
Price to earnings Ratio -
1Y Target Price 20
Price to earnings Ratio -
1Y Target Price 20
Volume (30-day avg) 11.0M shares
Beta 0.5
52 Weeks Range 1.55 - 13.80
Updated Date 10/27/2026
52 Weeks Range 1.55 - 13.80
Updated Date 10/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -8.02

How Company Makes Money

Business areaWhat it includesRetail investor read
Software SubscriptionsPortalGuard identity management SaaS platform and recurring licensing fees.This is the primary focus, aiming for predictable recurring revenue.
Hardware SalesFingerprint scanners and biometric peripheral hardware.A legacy component that is increasingly secondary to software revenue.
Professional ServicesConsulting, implementation, and maintenance for enterprise clients.Service-based revenue tied to project-specific installations.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE -
Forward PE -
Enterprise Value 6.38M
Price to Sales(TTM) 0.87
Enterprise Value 6.38M
Price to Sales(TTM) 0.87
Enterprise Value to Revenue 0.95
Enterprise Value to EBITDA -0.74
Shares Outstanding 2.04M
Shares Floating 1.35M
Shares Outstanding 2.04M
Shares Floating 1.35M
Percent Insiders 8.66
Percent Institutions 2.51

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon 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)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon 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)

Information icon 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)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.