BIO-key Intl Q2 EPS $(1.00) Up From $(4.71) YoY, Sales $1.14M Down From $1.93M YoY
Portfolio Pulse from Benzinga Newsdesk
BIO-key International (NASDAQ: BKYI) reported a Q2 EPS of $(1.00), an improvement from $(4.71) YoY, but sales decreased by 40.83% to $1.14M from $1.93M YoY.
August 14, 2024 | 8:31 pm
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NEUTRAL IMPACT
BIO-key International reported a significant improvement in EPS to $(1.00) from $(4.71) YoY, but experienced a substantial decline in sales by 40.83% to $1.14M.
The improvement in EPS is a positive sign, indicating better cost management or other efficiencies. However, the significant drop in sales is concerning and could offset the positive sentiment from the EPS improvement. The mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100