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BIO-key® Reports Strong 2010 Second Quarter and Six Month Financial Results
Date:7/28/2010

WALL, N.J., July 28 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (OTC Bulletin Board: BKYI), a leader in finger-based biometric identification solutions, today reported financial results for the second quarter and six month period ended June 30, 2010. For clarity and consistency, the data presented in this release relative to the same periods in 2009 includes only the results of the company's fingerprint-based Biometrics Division. The company completed the sale of its Law Enforcement Division on December 8, 2009.

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Total revenue for the three months ended June 30, 2010 was $1,433,051 compared to $280,685 in the same period last year, an increase of 411%. Driving this increase were higher service and licensing sales to both new and existing customers.  

Gross profit and gross profit margin for the second quarter of 2010 were $1,329,210 and 92.7% respectively, as compared to $212,254 and 75.6% respectively, for the three months ended '/>"/>

SOURCE BIO-key International, Inc.
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