BIO-key International Receives Nasdaq Non-Compliance Notice for Late Filing

🌥️Trending News

BIO-KEY ($NASDAQ:BKYI): BIO-key International, a publicly traded company on the NASDAQ, recently received a non-compliance notice from the NASDAQ for their late filing of documents. BIO-key International is a biometric security solutions provider that offers a wide range of biometric identification, authentication, and verification technologies. The company’s solutions are used in both physical and online environments to help protect users against identity theft, secure resources and enable convenience. The notice from the Nasdaq informs BIO-key International that they have failed to meet the standards set by the NASDAQ listing rules.

In response to this notice, BIO-key International aims to file all outstanding documents as quickly as possible. The company is also working with their advisors and auditors to ensure they can meet all of the Nasdaq’s requirements and regain compliance. BIO-key International remains committed to providing timely disclosure of their financial results and other material information related to their business.

Price History

BIO-KEY International, a biometrics and identity management provider, has recently received a non-compliance notice from the Nasdaq for filing their quarterly report late. On Tuesday, the stock opened at $0.8 and closed at $0.8, up by 2.6% from its previous day’s closing price. The company had delayed the filing due to certain accounting issues that had to be resolved prior to filing. It is expected that BIO-KEY will resolve the issue in the near future and get back in compliance with the Nasdaq listing requirements. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Bio-key International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Bio-key International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Bio-key International. More…

Key Ratios Snapshot

Some of the financial key ratios for Bio-key International are shown below. More…

Analysis

As part of our analysis of BIO-KEY INTERNATIONAL‘s financials, GoodWhale has performed a Star Chart evaluation. This evaluation revealed that while BIO-KEY INTERNATIONAL is strong in terms of assets and growth, it is weak in terms of dividend and profitability. Furthermore, its health score of 3/10 is quite low, meaning it is less likely to safely ride out any crisis without the risk of bankruptcy. Based on these findings, we have classified BIO-KEY INTERNATIONAL as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. These characteristics may appeal to certain types of investors, such as those who are looking for high-growth opportunities and are comfortable taking on higher levels of risk. On the other hand, those looking for more stability may not find this company attractive. Ultimately, whether BIO-KEY INTERNATIONAL is a suitable investment opportunity will depend on the investor’s individual risk tolerance and financial goals. More…

Peers

They are a prominent player in the biometric authentication and cybersecurity space, competing against other companies such as C-Link Squared Ltd, Liberty Defense Holdings Ltd, and First Responder Technologies Inc. All of these companies are focused on developing solutions that improve security and safety in the digital world.

– C-Link Squared Ltd ($SEHK:01463)

C-Link Squared Ltd is a technology company that specializes in the development and implementation of secure communications, networking and analytics solutions. It operates in a wide range of industries, including government, healthcare, law enforcement, finance, and more. The company has a market cap of 4.2 billion as of 2023 and a Return on Equity (ROE) of 2.3%. This indicates that its profitability is strong and that it is well positioned to continue to grow and expand its operations. Through its strong performance, C-Link Squared Ltd has been able to generate consistent returns to its shareholders.

– Liberty Defense Holdings Ltd ($TSXV:SCAN)

Liberty Defense Holdings Ltd is an advanced security technology company that specializes in the development of integrated, multi-layered 3D radar and artificial intelligence solutions for public safety and security. The company’s products use radar imaging and advanced algorithms to detect hidden weapons, explosives, and other threats in both indoor and outdoor settings. Liberty Defense Holdings Ltd has a market cap of 19.7M as of 2023. Its Return on Equity (ROE) is -233.9%, indicating that the company’s profits are not keeping up with its investments. This suggests that Liberty Defense Holdings Ltd may be struggling to generate adequate returns on its investments and that further investments may be necessary in order to improve its financial health.

– First Responder Technologies Inc ($OTCPK:WPNNF)

First Responder Technologies Inc is a company that provides software-as-a-service solutions to first responders and public safety agencies. The company’s market cap of 3.19M as of 2023 reflects its current size and financial stability. With a Return on Equity of 17.14%, First Responder Technologies Inc is an attractive investment for investors seeking long-term returns with a relatively low level of risk. The company’s products are designed to help first responders and public safety agencies increase efficiency, reduce costs, and improve their overall response time. In addition, First Responder Technologies Inc is committed to providing innovative services and solutions that can help first responders save lives and protect their communities.

Summary

Investors should be aware that the company has indicated that it intends to file the Form 10-Q in due course. Despite this late filing, investors may be interested in evaluating BIO-KEY International for potential opportunities based on its current financials and operations. The company’s biometric security solutions provide customers with access control, identity verification, and secure authentication. BIO-KEY is dedicated to providing innovative and cost-effective authentication solutions that are user-friendly and secure.

Additionally, the company’s recent strategic acquisitions have opened up potential new growth opportunities. Investors may wish to evaluate BIO-KEY International for its potential as a long-term investment.