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BKYI

BIO-key International Inc. Common Stock (BKYI) fair value

Industrials · Security & Protection Services · NASDAQ · United States
$3.39+23.72%
Market cap $6MNext earnings 2026-11-13Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 131% above our fair value
Price
$3.39
Model fair valueConfidence: low
about $1.47
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a loss-making company: Net cash floor.
ACCE opinionBIO-key International Inc. Common Stock (BKYI)
Fair value
Not available
ACCE price target
$2.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 23 Oct 2026, 01:53 CEST; previously $2.30 since 22 Oct 2026, 01:52 CEST.
Price used: $3.39 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
36
out of 100
Analysts
100% buy
1 covering
P/E
0.0x
forward 0.0x
1-year return
-55.4%
Dividend yield
0.00%

BIO-key International Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

BIO-key International sells biometric identity software, including its PortalGuard identity and access management platform and fingerprint-based authentication tools for enterprise and government customers. The appeal is the business model: an 81.3% gross margin means most incremental revenue drops to the gross profit line, and the company is growing top-line revenue at 13.1%. The case rests on whether that revenue growth can close a gap that is still wide, since the operating margin sits at -27.6% and return on equity at -107.9% reflects continuing losses. At a market cap of about $6M and a score of 32/100, this is a micro-cap that is not in any major index and carries real execution and financing risk, so it earns a look only if you believe operating leverage can arrive before the balance sheet forces the issue.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • severe
    Short interest near half float
    Short interest stands at 49.9% of float, an extreme level that signals heavy bearish positioning and potential squeeze volatility.
  • high
    Persistent cash burn
    Free cash flow is -$4,674,933 against a $6M market cap, while operating margin is -27.6% and net margin is -90.1%.
  • high
    Price well above ACCE target
    Shares trade 35.6% above the ACCE price target of $2.50, with the current price at $3.39.
  • moderate
    Weak return profile
    ROE is -107.9% and the ACCE score has slipped from 40 to 36 over 90 days, with the margin sub-score at just 17.

AI research notes

AI-assisted·How I use AIWritten Oct 24, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 13.1% year over year and has averaged 16.5% annual growth over five years, showing sustained demand for its products.
  • Its latest quarter beat expectations, with earnings per share of -0.56 against -0.82 expected, a 31.7% surprise.
Why it could disappoint
  • Free cash flow over the last twelve months was negative at -$5M, so the business is consuming cash rather than generating it.
  • The diluted share count rose 222.7% last fiscal year, meaning existing shareholders have been heavily diluted.
  • Net margin of -90.1% shows the company still loses most of each dollar of revenue, leaving profitability far from reach.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 13, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where BKYI's valuation models land
Price
$3.39
Model fair valueConfidence: low
about $1.47
Model
Fair value
Upside
Net cash floor
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 1 covering analyst
● Strong buy 0● Buy 1● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+28.9%
1 month
+36.1%
3 months
-25.5%
6 months
-44.4%
YTD
-37.2%
1 year
-55.4%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:53 CESTACCE price target$2.50$2.30$2.74
22 Oct 2026, 01:52 CESTACCE price target$2.30$1.77$2.10
15 Oct 2026, 00:00 CESTACCE price target$1.77first publication$2.83

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth40Value40Quality47Momentum17Total36
Valuation
Trailing P/E
0.0x
Forward P/E
0.0x
PEG
no data
P/B
0.82x
EV / Revenue
0.5x
Book value/sh
$3.99
Enterprise value
$3M
Profitability
ROE
-107.9%
FCF yield
-83.84%
ROIC
-45.0%
Health and risk
Debt / equity
0.09
Dividend yield
0.00%
Beta
0.50

Price

-56.0% · 1Y

Ask anything about BKYI

Answered from BIO-key International Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 11.6x
ROEbetter than 0% of peers
low -108%-108%high 11%
Div yieldbetter than 83% of peers
low 0.0%0.0%high 6.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
BKYI BIO-key International Inc. Common Stock$3.39----107.9%4736
GFAI Guardforce AI Co. Limited Ordinary Shares$0.19----19.6%3127
LEVEL.ST Nordic LEVEL Group AB (publ.)kr 0.30----14.2%3931
ALAQU.PA Aquila SA€3.70€522% below11.6x11.0%3946
PREC.ST Precise Biometrics AB (publ)kr 0.47----18.1%4723
IRIS.ST Irisity AB (publ)kr 0.22----50.2%3156
IVDA Iveda Solutions Inc. Common Stock$0.23----92.0%3922

Sector report card

Where BKYI ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Oct 13, 2026
    BIO-key Names Cybersecurity Veteran Stephen Morrow President of PortalGuard to Drive Accelerated Adoption of its Innovative IAM Solution
  • GlobeNewswire•Oct 13, 2026
    BIO-key Adds New Middle East Government Security Agency Customer, Expanding Regional Footprint
  • GlobeNewswire•Sep 29, 2026
    BIO-key Partners with Al Majlis Group to Expand Identity Security Across Arabian Gulf
20 more press releases · full archive on Investor+.INVESTOR
32 filings of 40
October 2026
Oct 6
8-KCurrent reportPeriod 2026-10-02
View on SEC →
Oct 2
8-KCurrent reportPeriod 2026-09-29
View on SEC →
September 2026
Sep 8
8-KCurrent reportPeriod 2026-09-03
View on SEC →
29 more filings + AI summaries on Investor+.INVESTOR