BeaconEquity.com announces the publication of an article covering BIO-Key’s first-quarter financial results, with revenue rising 22% and expenses falling to $2.4 million. Shares of BKYI surge more than 6% at noon today, fueled by word of the company’s posted financial results.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Bio-key International Inc. (OTCBB: BKYI), developer and marketer of advanced finger-based biometric identification solutions, yesterday reported its first-quarter financial results for the period ended March 31, 2009. The company stated the most recent quarter represents the second straight period of profitability following a profitable fiscal 2008.”
BIO-Key’s revenue rises 22% while expenses fall $2.4 million:
“The Wall, NJ-based company reported revenue of $3.1 million for the first quarter 2009, or an increase of 22% from $2.5 million reported for the equivalent quarter last year. … Operating expenses fell 22% to $2.4 million from $3.0 reported for last year's equivalent quarter. Operating income for the most recent quarter reached $284,248, compared with a loss of $937,186 for the first quarter last year. Gross margin rose to 86.9% in the current quarter, compared with 82.6% for the same period last year.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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