Bio-key International Plunges 11.61% on Mixed Earnings
1min read On March 27, 2025, Bio-key International's stock experienced a significant drop of 11.61% in pre-market trading.
Bio-key International reported a 49% reduction in its 2024 net loss, bringing it down to $4.3 million. This improvement was driven by higher gross margins and lower operating costs, despite an 11% decrease in revenue due to business transitions.
Analysts are projecting that bio-key international will report an earnings per share (EPS) of -$0.35 for the upcoming quarter. The company is expected to release its quarterly earnings data on March 27th before the market opens.
Bio-key International has a short interest of 41,800 shares, representing 2.10% of the float. This indicates a moderate level of bearish sentiment among investors.
Ask Aime: What caused the 11.61% drop in Bio-key International's stock?
Bio-key International recently completed the deployment of biometric-based identity and access management solutions for a new international defense agency customer, showcasing its capabilities in the cybersecurity sector.
