BIO-key reported a second quarter GAAP loss of $0.56 per share on revenue of $1.92 million, up 12.9% year over year. The company said it is pleased with its progress and expects continued growth in the second half, supported by a solid pipeline and a large hardware order expected by year-end. BIO-key added that top line growth and financial discipline should position it to achieve profitability in the second half.
BIO-key International, Inc. Common StockQ2 revenue up 12.9% YoY and company expects profitability in H2, supported by pipeline and large hardware order.