BIO-key (BKYI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

BIO-key Revenue Highlights

Latest Revenue (Y)

$100.00K

Latest Revenue (Q)

$1.61M

Main Segment (Y)

License

Main Geography (Y)

North America

BIO-key Revenue by Period

BIO-key Revenue by Year

Date	Revenue	Change
2024-12-31	$100.00K	-98.71%
2023-12-31	$7.75M	10.46%
2022-12-31	$7.02M	37.26%
2021-12-31	$5.11M	80.29%
2020-12-31	$2.84M	25.10%
2019-12-31	$2.27M	-43.94%
2018-12-31	$4.04M	-35.83%
2017-12-31	$6.30M	111.81%
2016-12-31	$2.98M	-43.44%
2015-12-31	$5.26M	31.34%
2014-12-31	$4.01M	101.71%
2013-12-31	$1.99M	-48.23%
2012-12-31	$3.84M	9.32%
2011-12-31	$3.51M	-0.33%
2010-12-31	$3.52M	49.34%
2009-12-31	$2.36M	-81.69%
2008-12-31	$12.88M	28.91%
2007-12-31	$9.99M	-34.26%
2006-12-31	$15.19M	6.80%
2005-12-31	$14.23M	155.95%
2004-12-31	$5.56M	960.53%
2003-12-31	$524.10K	237.26%
2002-12-31	$155.40K	100.00%
2001-12-31	-	-100.00%
2000-12-31	$1.00	-100.00%
1999-12-31	$157.97K	-58.92%
1998-12-31	$384.58K	-17.15%
1997-12-31	$464.17K	1350.53%
1996-12-31	$32.00K	-

BIO-key generated $100.00K in revenue during NA 2024, up -98.71% compared to the previous quarter, and up 4.41% compared to the same period a year ago.

BIO-key Revenue by Quarter

Date	Revenue	Change
2025-03-31	$1.61M	9.91%
2024-12-31	$1.46M	-31.82%
2024-09-30	$2.14M	87.93%
2024-06-30	$1.14M	-47.68%
2024-03-31	$2.18M	135.78%
2023-12-31	$925.10K	-49.40%
2023-09-30	$1.83M	-5.21%
2023-06-30	$1.93M	-37.45%
2023-03-31	$3.08M	75.37%
2022-12-31	$1.76M	28.02%
2022-09-30	$1.37M	-29.46%
2022-06-30	$1.95M	0.31%
2022-03-31	$1.94M	107.63%
2021-12-31	$934.93K	-28.02%
2021-09-30	$1.30M	30.92%
2021-06-30	$992.09K	-47.47%
2021-03-31	$1.89M	77.53%
2020-12-31	$1.06M	12.77%
2020-09-30	$943.33K	207.13%
2020-06-30	$307.14K	-41.22%
2020-03-31	$522.49K	-1.45%
2019-12-31	$530.17K	17.11%
2019-09-30	$452.71K	-37.85%
2019-06-30	$728.38K	32.04%
2019-03-31	$551.62K	-67.84%
2018-12-31	$1.72M	131.86%
2018-09-30	$739.75K	-1.12%
2018-06-30	$748.14K	-11.09%
2018-03-31	$841.46K	-72.46%
2017-12-31	$3.06M	224.20%
2017-09-30	$942.42K	6.26%
2017-06-30	$886.88K	-37.47%
2017-03-31	$1.42M	-16.46%
2016-12-31	$1.70M	293.52%
2016-09-30	$431.46K	3.76%
2016-06-30	$415.81K	-3.43%
2016-03-31	$430.59K	-74.21%
2015-12-31	$1.67M	149.27%
2015-09-30	$669.85K	-70.53%
2015-06-30	$2.27M	250.29%
2015-03-31	$648.83K	-31.82%
2014-12-31	$951.70K	-25.87%
2014-09-30	$1.28M	218.74%
2014-06-30	$402.79K	-70.55%
2014-03-31	$1.37M	317.56%
2013-12-31	$327.50K	-24.12%
2013-09-30	$431.58K	2.21%
2013-06-30	$422.26K	-47.52%
2013-03-31	$804.64K	-45.74%
2012-12-31	$1.48M	261.74%
2012-09-30	$409.92K	-23.05%
2012-06-30	$532.71K	-62.23%
2012-03-31	$1.41M	158.58%
2011-12-31	$545.45K	-4.99%
2011-09-30	$574.09K	-41.67%
2011-06-30	$984.15K	-29.96%
2011-03-31	$1.41M	148.78%
2010-12-31	$564.81K	3.37%
2010-09-30	$546.38K	-61.87%
2010-06-30	$1.43M	46.80%
2010-03-31	$976.17K	-3.74%
2009-12-31	$1.01M	93.39%
2009-09-30	$524.35K	-80.67%
2009-06-30	$2.71M	-12.27%
2009-03-31	$3.09M	-20.16%
2008-12-31	$3.87M	34.35%
2008-09-30	$2.88M	-19.48%
2008-06-30	$3.58M	40.92%
2008-03-31	$2.54M	-3.85%
2007-12-31	$2.64M	-

BIO-key generated $1.61M in revenue during Q1 2025, up 9.91% compared to the previous quarter, and up 173.73% compared to the same period a year ago.

BIO-key Revenue Breakdown

BIO-key Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 19	Dec 18
Hardware	$631.70K	$1.19M	$646.49K	-	-
License	$5.19M	$4.34M	-	-	-
Service	$1.11M	$2.22M	$925.25K	$1.01M	-
License Fees and Other	-	-	-	-	$1.74M

BIO-key's latest annual revenue breakdown by segment (product or service), as of Dec 24: License (74.89%), Service (16.00%), and Hardware (9.12%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Service	$322.00K	$272.60K	$344.44K	$267.37K	$283.57K	$213.12K	$478.00K	$587.89K	$620.47K	$207.52K	$214.27K	$237.37K	$231.99K	$241.61K	$235.27K	$225.74K	$249.12K	$302.45K
Hardware	$568.82K	$235.80K	$94.13K	$436.42K	$83.49K	$17.65K	$769.43K	$279.20K	$72.69K	-	-	-	-	-	-	-	-	-
License	$806.09K	$1.10M	$1.02M	$1.44M	$774.23K	$1.95M	$3.39M	$950.01K	-	-	-	-	-	-	-	-	-	-

BIO-key's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: License (47.50%), Hardware (33.52%), and Service (18.98%).

BIO-key Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
EMESA	$1.72M	$3.80M	-	-	-
Africa	$1.65M	-	-	-	-
Asia	$91.31K	$67.84K	$13.91K	$23.11K	-
North America	$3.46M	$3.24M	$422.27K	$1.16M	$1.30M
South America	-	$654.45K	$42.00K	$18.30K	-
EMEA	-	-	-	$54.92K	$94.12K

BIO-key's latest annual revenue breakdown by geography, as of Dec 24: North America (49.99%), EMESA (24.84%), Africa (23.85%), and Asia (1.32%).

Quarterly Revenue by Country

Country	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
EMESA	$969.44K	$408.13K	$434.61K	$884.43K	$235.99K	$166.26K	$2.77M	$1.02M	$69.09K	$111.34K	$24.84K	-	-	-	-	-	-	-	-	-
North America	$615.25K	$578.28K	$907.52K	$979.92K	$848.68K	$728.13K	$1.07M	$768.70K	$280.19K	$301.09K	$355.63K	$270.67K	$259.96K	$272.28K	$359.61K	$439.54K	$450.99K	$209.85K	$196.32K	-
Asia	$48.73K	$31.50K	$56.11K	$22.00K	$13.20K	-	-	-	-	-	$53.00	$3.71K	$3.78K	$3.90K	$2.52K	$3.85K	$3.85K	$8.35K	$7.07K	-
Africa	$63.48K	$589.25K	$1.35M	$258.46K	$43.42K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
South America	-	-	-	-	-	$1.29M	$602.43K	$26.01K	$26.01K	$22.68K	-	$15.28K	-	$42.00K	-	$684.84K	$3.75K	$13.80K	$375.00	$375.00
EMEA	-	-	-	-	-	-	-	-	-	-	-	-	$13.81K	$12.76K	$10.46K	$17.89K	$56.53K	$22.89K	$10.93K	$3.77K
Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$207.52K

BIO-key's latest quarterly revenue breakdown by geography, as of Jun 25: EMESA (57.13%), North America (36.26%), Africa (3.74%), and Asia (2.87%).

BIO-key Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
XPON	Expion360	$5.62B	$2.05M
BAER	Bridger Aerospace Group	$98.61M	$15.65M
SUNE	SUNation Energy	$79.63M	$12.64M
PMAX	Powell Max Limited Class A Ordinary Shares	$36.46M	$3.07M
RAYA	Erayak Power Solution Group	$20.32M	$10.83M
CIGL	Concorde Group Ltd Class A Ordinary Shares	$10.66M	-
IVDA	Iveda Solutions	$6.02M	$1.48M
RVSN	Rail Vision	$421.00K	$142.00K
BKYI	BIO-key	$100.00K	$1.61M
DGLY	Digital Ally	$100.00	$5.63M

BKYI Revenue FAQ

What is BIO-key’s yearly revenue?

BIO-key's yearly revenue for 2024 was $100K, representing a decrease of -98.71% compared to 2023. The company's yearly revenue for 2023 was $7.75M, representing an increase of 10.46% compared to 2022. BKYI's yearly revenue for 2022 was $7.02M, representing an increase of 37.26% compared to 2021.

What is BIO-key’s quarterly revenue?

BIO-key's quarterly revenue for Q1 2025 was $1.61M, a 9.91% increase from the previous quarter (Q4 2024), and a -26.32% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $1.46M, a -31.82% decrease from the previous quarter (Q3 2024), and a 58.07% increase year-over-year (Q4 2023). BKYI's quarterly revenue for Q3 2024 was $2.14M, a 87.93% increase from the previous quarter (Q2 2024), and a 17.31% increase year-over-year (Q3 2023).

What is BIO-key’s revenue growth rate?

BIO-key's revenue growth rate for the last 3 years (2022-2024) was -98.58%, and for the last 5 years (2020-2024) was -96.47%.

What are BIO-key’s revenue streams?

BIO-key's revenue streams in c 24 are Hardware, License, and Service. Hardware generated $631.7K in revenue, accounting 9.12% of the company's total revenue, down -47.09% year-over-year. License generated $5.19M in revenue, accounting 74.89% of the company's total revenue, up 19.52% year-over-year. Service generated $1.11M in revenue, accounting 16.00% of the company's total revenue, down -50.04% year-over-year.

What is BIO-key’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of BIO-key was License. This segment made a revenue of $5.19M, representing 74.89% of the company's total revenue.