BIO-key International, Inc. , a leader in wireless public safety and finger-based biometric identification solutions, today announced its financial results for the second quarter ended June 30, 2007.
Total revenue from continuing operations for the three months ended June 30, 2007 decreased 19% to $2.5 million from $3.0 million reported in the recast financial statements for the corresponding period in 2006. The reduction in revenue from continuing operations in the second quarter of 2007 was primarily due to timing issues related to several large orders. Service revenue from continuing operations for the second quarter of 2006 included $773,000 from a long-term project that the Company had participated in as a subcontractor, compared to $310,000 of license revenue from the same project in 2007.
