---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-027413"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T17:59:24.786048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BIO-key Q3 revenues up 6% to $1.4M, net loss widens to $2.4M; FY22 guidance cut to $7-9M

## Summary
- Q3 revenue $1.4M (+6% YoY); YTD revenue $5.3M (+26%) on higher software and service fees.
- Net loss $2.4M ($0.29/share) vs loss of $1.0M ($0.13) in Q3'21; SG&A up $1.1M.
- Full-year 2022 revenue guidance lowered to $7M-$9M (37%-76% growth) citing slower sales and Africa delays.
- Gross margin fell to 71% from 77% due to third-party software costs from Swivel Secure acquisition.
- Cash $2.8M; current assets $9.9M; stockholders' equity $11.2M ($1.32/share) at Sept 30.

## SEC filing metadata
- accession: 0001437749-22-027413
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774922027413/0001437749-22-027413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774922027413/bkyi20221114_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-027413
- JSON: https://secwatch.observer/filing/0001437749-22-027413.json
- Plain text: https://secwatch.observer/filing/0001437749-22-027413.txt

## Key facts
- Earnings Releases
  BIO KEY INTERNATIONAL INC reported third quarter ended September 30, 2022 results: revenue $1.4M, net income $2.4M, EPS $0.29 per share. Guidance lowered.
  - Period: third quarter ended September 30, 2022
  - Revenue: $1.4M
  - Net income: $2.4M
  - EPS: $0.29 per share
  - Guidance: lowered
  - Result: reported results
  source text: --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_447392.htm EXHIBIT 99.1 ex_447392.htm Exhibit 99.1 Cyber-Security Provider BIO-key Reports Q3 and Year-to-Date Revenues Rose to $1.4M and $5.3M, Respectively, on Growing Software and Services Revenue; Investor Call Tomorrow at 10am ET WALL, NJ – November 14, 2022 - BIO-key ® International, Inc. (Nasdaq: BKYI),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019034/000143774922027413/0001437749-22-027413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.