BIO-key's net loss was ($0.9 million) for the first quarter ended March 31, 2008 compared to a net loss of ($0.6 million) for the fourth quarter of 2007. The first quarter 2008 net loss per share was ($0.02) compared to a net loss per share of ($0.02) for the previous quarter.
Liquidity and Capital Resources
Consolidated cash and cash equivalents at March 31, 2008 was $0.6 million. In addition, the Company held approximately $0.2 million in restricted cash at the conclusion of the first quarter of 2008.
Conference Call Details
BIO-key has scheduled a call for Thursday, May 15th at 9:00 a.m. Eastern Time to discuss 2008 first quarter financial results. Dialing 303-205-0033 and asking for the BIO-key call at least 10 minutes prior to the start time can access the conference call live. The conference call will also be broadcast live over the Internet by logging onto http://www.bio-key.com. A telephonic replay of the conference call will be available through May 22, 2008 and may be accessed by dialing 303-590-3000 and using the pass code 11114279#. Additionally, an archive of the webcast will be available shortly after completion of the call on the Company's website (http://www.bio-key.com) for a period of three months.
BIO-key International, Inc., headquartered in Wall, New Jersey,
develops and delivers advanced identification solutions and information
services to law enforcement departments, public safety agencies, government
and private sector customers. BIO-key's mobile wireless technology provides
first responders with critical, reliable, real-time data and images from
local, state and national databases. BIO-key's high performance, scalable,
cost-effective and easy-to-deploy biometric finger identifi
|SOURCE BIO-key International, Inc.|
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