---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-009483"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T03:34:29.124569+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BIO-key narrows FY2024 net loss 49% to $4.3M on revenue of $6.9M (down 11%)

## Summary
- Net loss improved to $4.3M ($2.10/sh) from $8.7M ($15.21/sh) in 2023, reflecting higher gross margin and lower costs.
- Revenue decreased 11% to $6.9M due to exit from low-margin Swivel Secure distribution; license fee revenue up 20% to $5.2M.
- Gross profit rose to $5.6M from $1.4M, benefiting from higher-margin license sales and a $3.6M hardware reserve in 2023.
- Operating expenses reduced 6% to $9.7M; cash used in operations down 23% to $2.91M.
- Recent partnerships include CA Ed Tech JPA (195 institutions), National Bank of Egypt, and a $910K biometric order from financial services firm.

## SEC filing metadata
- accession: 0001437749-25-009483
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774925009483/0001437749-25-009483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774925009483/bkyi20250327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-009483
- JSON: https://secwatch.observer/filing/0001437749-25-009483.json
- Plain text: https://secwatch.observer/filing/0001437749-25-009483.txt

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