BIO-key(R) International, Inc. Reports Profitable
Post# of 35435
BIO-key(R) International, Inc. Reports Profitable 2012 First Quarter Financial Results
Print
Alert
Bio-Key Intl (OTCBB:BKYI)
Intraday Stock Chart
Today : Tuesday 8 May 2012
Click Here for more Bio-Key Intl Charts.
BIO-key International, Inc. (OTCBB:BKYI), a leader in finger-based biometric identification solutions, today reported financial results for the first quarter ended March 31, 2012.
Total revenue for the three months ended March 31, 2012 was approximately $1.4 million, which was equal to the $1.4 million reported for the quarter ended March 31, 2011.
BIO-key's gross margin for the first quarter of 2012 was 87% compared to 92% for the same period in 2011. Operating expenses for the first quarter of 2012 decreased 15% to approximately $859,371 compared to $1,006,253 in the comparable quarter ended March 31, 2011. Operating income for the first quarter of 2012 was $369,626 compared to $283,988 reported in the quarter ended March 31, 2011.
Net income for the first quarter of 2012 was $363,498, a 51% improvement over the net income of approximately $240,071 for the comparable quarter in 2011.
(0)
(0)