BIO-key will publish its Q3 results after the market close on November 14th, the company has announced.
The update will mark the end of an eventful period for the company. BIO-key’s fingerprint reader technology made its television debut in October when its SideTouch USB solution was showcased on the Home Shopping Network, and the company has also been expanding promotion of its TouchLock biometric padlock solutions, which were first announced at the Consumer Electronics Show at the start of this year.
Those biometric padlocks played a significant part in a strong upwards trend reported by BIO-key in its Q2 update this past August, contributing $158,000 of its $886,881 in revenues despite their relatively recent introduction to the market. And those total revenues represented a 113 percent increase compared to Q2 of 2016, suggesting that BIO-key’s sales are on the upswing.
Of course, it isn’t yet clear what the larger fiscal picture will look like, with BIO-key having offered no hints in its announcement of the Q3 update to come. But the company did indicate that it will hold a conference call to discuss the results on November 15th at 10:00 a.m. ET, with CEO Mike DePasquale, CFO Cecilia Welch, and COO Barbara Rivera slated to participate.
November 2, 2017 – by Alex Perala