Navigation Links
BIO-key(R) Reports Profitability on Strong Revenue Growth for Second Quarter 2008
Date:8/10/2008

ne 30, 2008 increased 18.2% to $6.1 million from the corresponding period in 2007. Gross margin for the six months ended June 30, 2008 increased to 85.9% compared to 81.8% for the corresponding period in 2007. Gross profit increased by 24.1% to $5.3 million compared to $4.2 million in the corresponding period in 2007. Operating expenses from continuing operations for the six months ended June 30, 2008 decreased 20.8% to $5.9 million. BIO-key's operating loss for the six months ended June 30, 2008 improved by $2.6 million to ($0.6 million) from ($3.2 million) for the corresponding period in 2007.

BIO-key's net loss for the six months ended June 30, 2008 was ($0.7 million) compared to net income of $0.8 million for the six months ended June 30, 2007. Net income in 2007 included a gain of $4.1 million as a result of the sale of the Company's Fire/EMS Services division to ZOLL Data Systems.

Liquidity and Capital Resources

Consolidated cash and cash equivalents at June 30, 2008 was $600,000.

"Achieving profitability is only the first of several operating objectives that BIO-key's management team is focused on delivering to shareholders," stated DePasquale. "We also remain focused on strengthening our balance sheet through non-dilutive strategies. We believe that BIO-key is better positioned than ever to grow, gain market share and create long-term shareholder value."

Conference Call Details

BIO-key has scheduled a call for Monday, July 28th at 10:00 a.m. Eastern Time to discuss 2008 second 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 August 4, 2008 and may be accessed by dialing 303-590-3000 an
'/>"/>

SOURCE BIO-key International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related biology news :

1. BIO-key(R) Announces Contracts for New Criminal Justice Data Sharing Solution
2. BIO-key(R) International to Showcase Deployed Biometric Security Applications at 2007 Biometric Technology Expo
3. Radiant Systems Selects BIO-key(R) Biometric Software for POS Solution
4. Radiant Systems Selects BIO-key(R) Biometric Software for POS Solution
5. BIO-key(R) International to Showcase Deployed Biometric Security Applications at 2007 Biometric Technology Expo
6. Youngstown, Ohio Police Award Mobile Data Contract to BIO-key(R) International
7. Easton, PA Police Officers Armed With BIO-key(R) Mobile Data Solution Access Information Anytime, Anywhere
8. BIO-key(R) PocketCop(R) Project Leading the Nation According to Televised Report
9. BIO-key(R) and Tiger IT Awarded a Follow-on Contract for Nationwide Voter / Citizen Registration in Bangladesh
10. Wireless Public Safety Solution From BIO-key(R) and DaProSystems Links Virginia Law Enforcement Agencies
11. BIO-key(R) Receives $344,000 Contract Award from Hawaii County
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/20/2015)... , Mar. 19, 2015 Research and Markets ... "Hand Geometry - Global Strategic Business Report" report to ... for Hand Geometry in US$ Thousands. The report provides separate ... Japan , Europe , ... , and Rest of World. Annual estimates and ...
(Date:3/20/2015)... Markets ( http://www.researchandmarkets.com/research/vkzvcs/iris_biometrics ) has announced the addition ... report to their offering. This report analyzes ... report provides separate comprehensive analytics for the US, ... Europe , Asia-Pacific , ... . Annual estimates and forecasts are provided for ...
(Date:3/18/2015)... -- As mobile payments become more prevalent amongst ... apps continue to be introduced into the market place at ... industry in focus today are:  NXT-ID, Inc. (NASDAQ: ... ), Apple Inc. (NASDAQ: AAPL ), Google Inc. ... FB ) NXT-ID, Inc. (NASDAQ: ...
Breaking Biology News(10 mins):Hand Geometry - Global Strategic Business Report 2015: An Essential Security Component for both Government & Enterprise Sector 2Hand Geometry - Global Strategic Business Report 2015: An Essential Security Component for both Government & Enterprise Sector 3Hand Geometry - Global Strategic Business Report 2015: An Essential Security Component for both Government & Enterprise Sector 4Iris Biometrics - Global Strategic Business Report 2015: System & Network Access Control - A Robust Market Opportunity in the Offing 2Iris Biometrics - Global Strategic Business Report 2015: System & Network Access Control - A Robust Market Opportunity in the Offing 3Iris Biometrics - Global Strategic Business Report 2015: System & Network Access Control - A Robust Market Opportunity in the Offing 4Iris Biometrics - Global Strategic Business Report 2015: System & Network Access Control - A Robust Market Opportunity in the Offing 5Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 2Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 3Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 4Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 5Revolutionary Smart Wallet & Mobile Payment Choices Change the Game for Consumers - Company Begins Shipping Newest Digital Wallet to Customers 6
... The Springer journal Analytical and Bioanalytical Chemistry (ABC) ... Best Paper Award 2009. Frimat is the lead author ... cell patterning. The award, accompanied by 1,000 euros, was ... research careers. The ABC Best Paper Award has been ...
... , who studies spider silk at the University of California, ... prestigious TED Conference , held annually in Long Beach, ... 9-13. Hayashi,s talk on spiders and their silks is ... about 50 speakers at TED2010. Other speakers include singer ...
... LANSING, Mich. Scientists have long known that high blood ... but they didn,t know why or how. Now a Michigan ... cells to die, which could lead to new treatments that ... effect of diabetes and the leading cause of blindness in ...
Cached Biology News:New bioanalytical methods have potential for investigative and screening applications 2UC Riverside biologist is invited speaker at TED Conference 2MSU researcher identifies cell mechanism leading to diabetic blindness 2
(Date:3/26/2015)... 26, 2015 /PRNewswire/ - SQI Diagnostics Inc. ("SQI" or ... dealing with certain matters, including the appointment of auditors, ... March 26, 2015 (the "Meeting") was adjourned, as previously ... at 11:00 a.m. ( Toronto time). ... from that previous disclosed. The Meeting will reconvene at ...
(Date:3/26/2015)... , March 26, 2015 PAREXEL ... global clinical research organization , announced ... definitive agreement to acquire all of the ... a leading provider of specialized pharmacovigilance services, ... the collection, detection, assessment, monitoring, and prevention ...
(Date:3/25/2015)... pharmaceutical market is one of the most ... its absolute size, plus a growing economy and increasing ... Business Monitor International. The Russian market is set to ... market, with growth estimates around 10-15% annually reaching an ... About Green Cross Green Cross provides ...
(Date:3/25/2015)... 2015  S&P Capital IQ (MHFI) announced today ... coverage on Abattis Bioceuticals Corp . ... a specialty biotechnology company with capabilities through its ... proprietary ingredients, bio-similar compounds, patented equipment and consulting ... America . The company seeks to capitalize ...
Breaking Biology Technology:SQI Diagnostics Inc. Announces Adjournment of Meeting 2PAREXEL Announces Execution of Definitive Agreement to Acquire Quantum Solutions India, Strengthening Leadership In Pharmacovigilance Services 2PAREXEL Announces Execution of Definitive Agreement to Acquire Quantum Solutions India, Strengthening Leadership In Pharmacovigilance Services 3PAREXEL Announces Execution of Definitive Agreement to Acquire Quantum Solutions India, Strengthening Leadership In Pharmacovigilance Services 4S&P Capital IQ Initiates Coverage on Abattis Bioceuticals Corp. in S&P Capital IQ Factual Stock Reports 2S&P Capital IQ Initiates Coverage on Abattis Bioceuticals Corp. in S&P Capital IQ Factual Stock Reports 3S&P Capital IQ Initiates Coverage on Abattis Bioceuticals Corp. in S&P Capital IQ Factual Stock Reports 4S&P Capital IQ Initiates Coverage on Abattis Bioceuticals Corp. in S&P Capital IQ Factual Stock Reports 5
... months, Ive been using Skype , voice over IP ... make peer-to-peer voice calls from my computer to anyone else ... purely theoretical. Certainly I wanted to evaluate the software so ... download and try Skype was a soaring international phone bill. ...
... The Wisconsin Alumni Research Foundation has hired a ... since December 1 and was officially announced Wednesday. , ,WARF ... companies in Madison and elsewhere, and invests part of its ... ,Thomas Weaver replaced Mark Bear, who retired at the beginning ...
... Do you see that cloud, thats almost in shape like ... camel, indeed. ,Hamlet: Methinks it is like a weasel. ,Polonius: ... whale? ,Polonius: Very like a whale. , Hamlet , ... , ,Occasionally stumbling across truth but mostly skilled in ...
Cached Biology Technology:VoIP breaks out, but let's hope it doesn't become a verb 2VoIP breaks out, but let's hope it doesn't become a verb 3New WARF investment director plans to keep steady course 2Follow these three rules when choosing tech consultants 2Follow these three rules when choosing tech consultants 3Follow these three rules when choosing tech consultants 4
... control for microbiology and cell culture. The ... suitable for DASGIP bioreactors from 150 mL ... ranges from approximately 10 °C to 60 ... an individual electrical heating element with integrated ...
... reports the data from any one of IITC ... recorder. The final data is sent from the ... is automatic for Systolic, Mean, Heart Rate while ... is always in the position to override the ...
... DNA microarrays designed for your specific applications ... Paraflo microfluidic synthesis platform. Thousands of customer ... LC Sciences can provide assistance with custom ... part of our comprehensive Custom DNA Microarray ...
... screening and binding optimization and built on ... synthesis platform. These microarrays are available as ... Service. Probe Content Our ... than 1500 known aptamer sequences. Add up ...
Biology Products: