Earnings Call Summary | BIO-key International(BKYI.US) Q4 2023 Earnings Conference
Earnings Call Summary | BIO-key International(BKYI.US) Q4 2023 Earnings Conference
The following is a summary of the BIO-key International, Inc. (BKYI) Q4 2023 Earnings Call Transcript:
以下是Bio-Key International, Inc.（BKYI）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
BIO-key grew its revenue by approximately 29% to $9.1 million, a marked improvement from $7 million in 2022.
The company witnessed a significant reduction in its operating loss by nearly two-thirds, to $3.6 million, signaling progress towards profitability.
Gross profit, however, declined to $3.3 million in 2023 due to a one-time, non-cash reserve of $2.8 million on slow-moving inventory, down from $4.6 million in 2022.
The net loss was trimmed by 48% to $6.2 million, compared to $12.2 million in 2022, a major improvement for the company.
Bio-Key的收入增長了約29％，達到910萬美元，較2022年的700萬美元有了顯著改善。
該公司的營業虧損大幅減少了近三分之二，至360萬美元，這表明在盈利方面取得了進展。
但是，由於緩慢流動庫存的一次性非現金儲備爲280萬美元，毛利從2022年的460萬美元下降至2023年的330萬美元。
淨虧損從2022年的1,220萬美元減少了48％，至620萬美元，這是該公司的重大改善。
Business Progress:
業務進展：
The company launched a new product, Passkey:YOU, that uses biometric authentication, which is expected to drive growth due to its usefulness for various enterprise use cases.
BIO-key's global reach is set to expand through its 150 global channel alliance partners and strategic partnerships with industry giants like SailPoint, Ping, and ForgeRock.
With 70% of its total revenue in 2023 being recurring, and a blended gross margin of approximately 65%, the company is showing stability.
Through office closures and equipment consolidation, BIO-key expects to save anywhere from $125,000 to $170,000 annually.
The company closed larger strategic deals internationally with entities like the International Defense Ministry and a large African bank, which significantly contributed to its growth.
In 2024, BIO-key plans to expand its presence across key regions globally and grow both of its product segments.
該公司推出了一款使用生物識別身份驗證的新產品PassKey: YOU，由於其對各種企業用例的實用性，預計將推動增長。
Bio-key將通過其150個全球渠道聯盟合作伙伴以及與SailPoint、Ping和ForgeRock等行業巨頭的戰略合作伙伴關係擴大其全球影響力。
該公司2023年總收入的70％是經常性的，混合毛利率約爲65％，因此該公司表現出穩定性。
通過關閉辦公室和整合設備，Bio-key預計每年將節省12.5萬美元至17萬美元不等。
該公司在國際上與國際國防部和一家大型非洲銀行等實體達成了更大規模的戰略協議，這爲其增長做出了重大貢獻。
2024年，Bio-Key計劃將其業務擴展到全球主要地區，並發展其兩個產品細分市場。
More details: BIO-key International IR
更多詳情： Bio-Key 國際投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。