Quarterly UpdatesApr 16, 2026, 08:01 AM
BIO-key expects 1H'26 revenue to grow 50% to $5M
AI Summary
BIO-key International, Inc. previewed a strong business outlook for the first half of 2026, expecting revenues to grow 50% to approximately $5 million, up from $3.3 million in 1H'25. The company anticipates positive net income in 1H'26, a significant improvement from a $1.9 million net loss in 1H'25. This growth is driven by a $1.04 million software license renewal and over $1 million in hardware contracts, with management foreseeing continued traction in larger contract opportunities into 2027.
Key Highlights
- 1H'26 revenue expected to grow 50% to $5M vs. $3.3M in 1H'25.
- 1H'26 net income expected to be positive vs. $1.9M net loss in 1H'25.
- Q1'26 revenue expected to grow 37% to $2.2M vs. $1.6M in Q1'25.
- Q2'26 revenue expected to grow 65% to $2.8M vs. $1.7M in Q2'25.
- Secured $1.04M software license renewal and over $1M in hardware contracts.