---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-017237"
form_type: "8-K"
ticker: "BKYI"
cik: "0001019034"
company_name: "BIO KEY INTERNATIONAL INC"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T04:16:26.214583+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BIO-key Q1 rev $1.6M, net loss widens; Nasdaq bid price deficiency notice

## Summary
- Q1 2025 revenue $1.6M (-25% YoY); net loss $736k vs $510k; EPS ($0.16) vs ($0.32).
- Cash and equivalents $3.1M at Mar 31, up from $438k at Dec 31, on warrant exercises.
- Nasdaq notice on May 9: bid price below $1.00 for 30 days; compliance deadline Nov 5, 2025.
- Gross margin 82.6%; SG&A down 23% YoY to $1.37M; operating expenses reduced 18%.
- New partnerships: Arrow ECS Iberia, California Ed Tech JPA; deployed PortalGuard for National Bank of Egypt (30k users).

## SEC filing metadata
- accession: 0001437749-25-017237
- form_type: 8-K
- ticker: BKYI
- cik: 0001019034
- company_name: BIO KEY INTERNATIONAL INC
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019034/000143774925017237/0001437749-25-017237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019034/000143774925017237/bkyi20250512_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-017237
- JSON: https://secwatch.observer/filing/0001437749-25-017237.json
- Plain text: https://secwatch.observer/filing/0001437749-25-017237.txt

## Key facts
- Listing & Compliance Notices
  BIO KEY INTERNATIONAL INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: May 9, 2025, the Company received notice from the staff of The Nasdaq Stock Market, LLC (“Nasdaq”) stating that the Company’s closing bid price for the last 30 consecutive business days was less than $1.00 per share. As a result, the Company does not satisfy the continued listing requirement to maintain a minimum bid price of $1.00 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). The notification had no immediate effect on the listing or trading of the common stock on the Nasdaq Capital Market. Nasdaq Listing Rule 5810(c)(3)(A) provides a compliance period of 1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1019034/000143774925017237/0001437749-25-017237-index.htm

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