Home / Going-concern warnings / BIO KEY INTERNATIONAL INC
Filed 2025-05-15 路 Form 10-Q 路 Accession 0001437749-25-017209 nano
Price before filing: $8.29 (2025-05-14 close, split/dividend-adjusted)
Market cap at flag: $4.9M (2025-05-15) 路 Latest: $2.7M (2026-10-16)
| Window | BKYI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -1.1% | +2.6% | -3.7% | 2025-06-16 |
| 90 days | -4.5% | +10.1% | -14.5% | 2025-08-13 |
| 180 days | -0.8% | +16.9% | -17.7% | 2025-11-11 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider bought $11K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-15: red flag filed | |||||||
| 2025-06-03 | DEPASQUALE MICHAEL W Chief Executive Officer, Director | Purchase | 4,000 | $0.83 | $3K | no | Form 4 |
| 2025-06-03 | DEPASQUALE MICHAEL W Chief Executive Officer, Director | Purchase | 5,000 | $0.81 | $4K | no | Form 4 |
| 2025-06-13 | DEPASQUALE MICHAEL W Chief Executive Officer, Director | Purchase | 5,000 | $0.78 | $4K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-14 to 2025-06-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The history of significant losses, the negative cash flow from operations, the limited cash resources on hand and the dependence by the Company on its ability, to obtain additional financing to fund its operations after the current cash resources are exhausted raises substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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