BIO-key (BKYI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

BIO-key Revenue Highlights

Latest Revenue (Y)

$7.75M

Latest Revenue (Q)

$2.14M

Main Segment (Y)

License

Main Geography (Y)

EMESA

BIO-key Revenue by Period

BIO-key Revenue by Year

Date	Revenue	Change
2023-12-31	$7.75M	10.46%
2022-12-31	$7.02M	37.26%
2021-12-31	$5.11M	80.29%
2020-12-31	$2.84M	25.10%
2019-12-31	$2.27M	-43.94%
2018-12-31	$4.04M	-35.83%
2017-12-31	$6.30M	111.81%
2016-12-31	$2.98M	-43.44%
2015-12-31	$5.26M	31.34%
2014-12-31	$4.01M	101.71%
2013-12-31	$1.99M	-48.23%
2012-12-31	$3.84M	9.32%
2011-12-31	$3.51M	-0.33%
2010-12-31	$3.52M	49.34%
2009-12-31	$2.36M	-81.69%
2008-12-31	$12.88M	28.91%
2007-12-31	$9.99M	-34.26%
2006-12-31	$15.19M	6.80%
2005-12-31	$14.23M	155.95%
2004-12-31	$5.56M	960.53%
2003-12-31	$524.10K	237.26%
2002-12-31	$155.40K	100.00%
2001-12-31	-	-100.00%
2000-12-31	$1.00	-100.00%
1999-12-31	$157.97K	-58.92%
1998-12-31	$384.58K	-17.15%
1997-12-31	$464.17K	1350.53%
1996-12-31	$32.00K	-

BIO-key generated $7.75M in revenue during NA 2023, up 10.46% compared to the previous quarter, and up 191.74% compared to the same period a year ago.

BIO-key Revenue by Quarter

Date	Revenue	Change
2024-09-30	$2.14M	87.93%
2024-06-30	$1.14M	-47.68%
2024-03-31	$2.18M	135.78%
2023-12-31	$925.10K	-49.40%
2023-09-30	$1.83M	-5.21%
2023-06-30	$1.93M	-37.45%
2023-03-31	$3.08M	75.37%
2022-12-31	$1.76M	28.02%
2022-09-30	$1.37M	-29.46%
2022-06-30	$1.95M	0.31%
2022-03-31	$1.94M	107.63%
2021-12-31	$934.93K	-28.02%
2021-09-30	$1.30M	30.92%
2021-06-30	$992.09K	-47.47%
2021-03-31	$1.89M	77.53%
2020-12-31	$1.06M	12.77%
2020-09-30	$943.33K	207.13%
2020-06-30	$307.14K	-41.22%
2020-03-31	$522.49K	-1.45%
2019-12-31	$530.17K	17.11%
2019-09-30	$452.71K	-37.85%
2019-06-30	$728.38K	32.04%
2019-03-31	$551.62K	-67.84%
2018-12-31	$1.72M	131.86%
2018-09-30	$739.75K	-1.12%
2018-06-30	$748.14K	-11.09%
2018-03-31	$841.46K	-72.46%
2017-12-31	$3.06M	224.20%
2017-09-30	$942.42K	6.26%
2017-06-30	$886.88K	-37.47%
2017-03-31	$1.42M	-16.46%
2016-12-31	$1.70M	293.52%
2016-09-30	$431.46K	3.76%
2016-06-30	$415.81K	-3.43%
2016-03-31	$430.59K	-74.21%
2015-12-31	$1.67M	149.27%
2015-09-30	$669.85K	-70.53%
2015-06-30	$2.27M	250.29%
2015-03-31	$648.83K	-31.82%
2014-12-31	$951.70K	-25.87%
2014-09-30	$1.28M	218.74%
2014-06-30	$402.79K	-70.55%
2014-03-31	$1.37M	317.56%
2013-12-31	$327.50K	-24.12%
2013-09-30	$431.58K	2.21%
2013-06-30	$422.26K	-47.52%
2013-03-31	$804.64K	-45.74%
2012-12-31	$1.48M	261.74%
2012-09-30	$409.92K	-23.05%
2012-06-30	$532.71K	-62.23%
2012-03-31	$1.41M	158.58%
2011-12-31	$545.45K	-4.99%
2011-09-30	$574.09K	-41.67%
2011-06-30	$984.15K	-29.96%
2011-03-31	$1.41M	148.78%
2010-12-31	$564.81K	3.37%
2010-09-30	$546.38K	-61.87%
2010-06-30	$1.43M	46.80%
2010-03-31	$976.17K	-3.74%
2009-12-31	$1.01M	93.39%
2009-09-30	$524.35K	-80.67%
2009-06-30	$2.71M	-12.27%
2009-03-31	$3.09M	-20.16%
2008-12-31	$3.87M	34.35%
2008-09-30	$2.88M	-19.48%
2008-06-30	$3.58M	40.92%
2008-03-31	$2.54M	-3.85%
2007-12-31	$2.64M	-

BIO-key generated $2.14M in revenue during Q3 2024, up 87.93% compared to the previous quarter, and up 111.19% compared to the same period a year ago.

BIO-key Revenue Breakdown

BIO-key Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 19	Dec 18
License	$4.34M	-	-	-
Service	$2.22M	$925.25K	$1.01M	-
Hardware	$1.19M	$646.49K	-	-
License Fees and Other	-	-	-	$1.74M

BIO-key's latest annual revenue breakdown by segment (product or service), as of Dec 23: License (55.99%), Service (28.61%), and Hardware (15.40%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Hardware	$436.42K	$83.49K	$17.65K	$769.43K	$279.20K	$72.69K	-	-	-	-	-	-	-	-	-
License	$1.44M	$774.23K	$1.95M	$3.39M	$950.01K	-	-	-	-	-	-	-	-	-	-
Service	$267.37K	$283.57K	$213.12K	$478.00K	$587.89K	$620.47K	$207.52K	$214.27K	$237.37K	$231.99K	$241.61K	$235.27K	$225.74K	$249.12K	$302.45K

BIO-key's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: License (67.19%), Hardware (20.35%), and Service (12.47%).

BIO-key Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Asia	$67.84K	$13.91K	$23.11K	$4.00K	-
EMESA	$3.80M	-	-	-	-
South America	$654.45K	$42.00K	$18.30K	$8.51K	-
North America	$3.24M	$422.27K	$1.16M	$1.30M	$14.03K
EMEA	-	-	$54.92K	$94.12K	$3.00K
Service	-	-	-	-	$925.25K

BIO-key's latest annual revenue breakdown by geography, as of Dec 23: EMESA (48.96%), North America (41.73%), South America (8.44%), and Asia (0.87%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
North America	$979.92K	$848.68K	$728.13K	$1.07M	$768.70K	$280.19K	$301.09K	$355.63K	$270.67K	$259.96K	$272.28K	$359.61K	$439.54K	$450.99K	$209.85K	$196.32K	$2.00K	$8.28K	$3.00K	-
Africa	$258.46K	$43.42K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia	$22.00K	$13.20K	-	-	-	-	-	$53.00	$3.71K	$3.78K	$3.90K	$2.52K	$3.85K	$3.85K	$8.35K	$7.07K	$5.00K	$2.00K	$3.50K	-
EMESA	$884.43K	$235.99K	$166.26K	$2.77M	$1.02M	$69.09K	$111.34K	$24.84K	-	-	-	-	-	-	-	-	-	-	-	-
South America	-	-	$1.29M	$602.43K	$26.01K	$26.01K	$22.68K	-	$15.28K	-	$42.00K	-	$684.84K	$3.75K	$13.80K	$375.00	$375.00	$262.00	$845.00	$5.29K
EMEA	-	-	-	-	-	-	-	-	-	$13.81K	$12.76K	$10.46K	$17.89K	$56.53K	$22.89K	$10.93K	$3.77K	$17.47K	$3.00K	$22.59K
Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$207.52K	-	-	-

BIO-key's latest quarterly revenue breakdown by geography, as of Sep 24: North America (45.69%), EMESA (41.24%), Africa (12.05%), and Asia (1.03%).

BIO-key Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ADT	ADT	$4.98B	$1.22B
CXW	CoreCivic	$1.90B	$491.56M
GFAI	Guardforce AI	$36.28M	$17.87M
SNT	Senstar	$32.79M	$7.51M
KSCP	Knightscope	$12.80M	$2.54M
LGMK	LogicMark	$9.93M	$2.85M
BKYI	BIO-key	$7.75M	$2.14M

BKYI Revenue FAQ

What is BIO-key’s yearly revenue?

BIO-key's yearly revenue for 2023 was $7.75M, representing an increase of 10.46% compared to 2022. The company's yearly revenue for 2022 was $7.02M, representing an increase of 37.26% compared to 2021. BKYI's yearly revenue for 2021 was $5.11M, representing an increase of 80.29% compared to 2020.

What is BIO-key’s quarterly revenue?

BIO-key's quarterly revenue for Q3 2024 was $2.14M, a 87.93% increase from the previous quarter (Q2 2024), and a 17.31% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.14M, a -47.68% decrease from the previous quarter (Q1 2024), and a -40.83% decrease year-over-year (Q2 2023). BKYI's quarterly revenue for Q1 2024 was $2.18M, a 135.78% increase from the previous quarter (Q4 2023), and a -29.27% decrease year-over-year (Q1 2023).

What is BIO-key’s revenue growth rate?

BIO-key's revenue growth rate for the last 3 years (2021-2023) was 51.63%, and for the last 5 years (2019-2023) was 242.00%.

What are BIO-key’s revenue streams?

BIO-key's revenue streams in c 23 are License, Service, and Hardware. License generated $4.34M in revenue, accounting 55.99% of the company's total revenue Service generated $2.22M in revenue, accounting 28.61% of the company's total revenue, up 139.82% year-over-year. Hardware generated $1.19M in revenue, accounting 15.40% of the company's total revenue, up 84.69% year-over-year.

What is BIO-key’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of BIO-key was License. This segment made a revenue of $4.34M, representing 55.99% of the company's total revenue.