BIO-key Sees Revenue Boost and Reduced Losses in Q1 2024
Key Financial Highlights
BIO-key International has reported a 19% increase in Q1 2024 revenue, reaching $2.2 million compared to the same period last year. The company, a leading provider of identity and access management solutions, announced a gross profit of $1.9 million with a staggering 86% gross margin. This achievement was mainly driven by a significant order from a financial services customer in South Africa.
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