BIO-key to Issue Q2 Update Ahead of Market Open on August 14

BIO-key has set a date for the publication of its Q2 results: They will be issued on Tuesday, August 14th, along with an outlook for the months ahead.

The company’s quarterly results will be published before the market opens, with a conference call slated to begin at 10:00 AM ET. The call will feature senior members of the biometrics specialist’s executive team: COO Barbara Rivera, CFO Cecilia Welch, and CEO Mike DePasquale.

It has been an eventful few months since BIO-key’s Q1 update. The company has won some important new patents, established major partnerships for distribution of its biometric lock products, and extended its global presence with deployments in Hungary and Peru. The company also completed a capital restructuring effort in June that is estimated to save BIO-key well over half a million dollars in future preferred stock dividend payments.

Meanwhile, the market appetite for biometric security has continued its upward trajectory, opening new opportunities for BIO-key’s solutions, perhaps particularly in the enterprise sector as more organizations seek to leverage fingerprint authentication to secure sensitive assets against potential data breaches.

BIO-key is inviting its stakeholders to call in to its conference call the morning of August 14th, and will also present its update via webcast, with a digital recording to be available for 30 days afterwards.

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August 13, 2018 – by Alex Perala