Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
BIO-key International Inc (BKYI) Q2 2024 Earnings Call Highlights: Navigating...
Revenue: $1.1 million in Q2 2024, down from $1.9 million in Q2 2023.Gross Margin: Improved to 77% in Q2 2024 from 69% in Q2 2023.Net Loss: $1.7 million, or $1 per share, in Q2 2024, improved from $2.6 million, or $4.71 per share, in Q2 2023.Operating Expenses: Reduced by $168,000 in Q2 2024 compared to Q2 2023.Cash and Cash Equivalents: $1.3 million as of June 30, 2024.Accounts Receivable: $932,000 as of June 30, 2024.Inventory: $433,000 net of reserves as of June 30, 2024.