NJ TECH CORNER: BIO-Key International, Inc.
Company Overview
Investment & Financial Information
BIO-key International, Inc. (NASDAQ: BKYI) is a provider of biometric authentication and security solutions. In October, 2019, the company announced that federal government employees are using BIO-key’s Eco-ID, a compact fingerprint scan, for Microsoft Windows devices. Founded in 1993, the Wall-based company listed 15 full-employees as of Mar. 28, 2019.
| Shares of common stock outstanding (as of April 22, 2019, ): | 14,071,688 |
| Share price of stock (as of Nov. 8, 2019) | $0.56 |
| Share price of stock (one year ago) | $1.25 |
| Current valuation (as of Nov.8, 2019) | $7.88 million |
| Valuation one year ago | $13.34 million |
| Stock Symbol: | (NASDAQ:BKYI) |
| Revenues (at year end Dec. 31, 2018) | $4.0 million |
| Revenues (at year end Dec. 31, 2017) | $6.3 million |
| Net Income (Loss) (at year end Dec. 31, 2018) | ($6.8 million) |
| Net Income (Loss) (at year end Dec. 31, 2017) | ($4.2 million) |
Management Team
| Name | Age | Title |
| Michael W. Depasquale | 64 | Chairman and CEO |
| Cecilia Welch | 59 | Chief Financial Officer |
| Mira K. LaCous | 57 | Chief Technology Officer |
| James Sullivan | 51 | Senior Vice President of Global Sales |
Board of Directors
| Name | Age | Title |
| Michael W. DePasquale | 64 | Chairman and CEO |
| Robert J. Michel | 62 | Chief Financial Officer, Daxor Corporation |
| Thomas E. Bush III | 66 | Founder, Tom Bush Consulting; former Director, Federal Bureau of Investigation’s CJIS Division |
| Thomas Gilly | 59 | Entrepreneur, investor and advisor for mobile and IoT products, digital media and social computing; former Executive, Apple Computer |
| Wong Kwok Fong | 55 | Co-chairman of Board of Directors; Managing Director, BIO-key Hong Kong Limited; Co-Founder, China Goldjoy Group Ltd. |
| Yao Jianhui | 47 | Chairman and CEO, China Goldjoy Group, Ltd.; Chairman of Board of Directors, Baoneng Holding Co. Ltd. |
| Pieter Knook | 58 | Member, Board of Directors of private equity-backed and early-stage technology companies; former Director of Internet Services, Vodaphone Group; former President, Microsoft Asia |
| Fabian Shin | 47 | Independent non-executive Director of several Hong Kong listed companies, former Deputy Chief Executive Officer, CMB International Capital Corp, Limited |
Noteworthy Control
| Name | Shares of common stock owned | % of total common shares |
| Wong Kwok Fong | 4,390,708 | 31.0% |
| Giant Leap International, Ltd. | 958,289 | 6.8% |
| Micron Technology Development, Ltd. | 2,178,484 | 15.5% |
[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]
