Estados financieros detallados de BIO-key International, Inc. (BKYI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
BIO-key International, Inc. registró ingresos de $6.1M en el último ejercicio fiscal, con un CAGR de 5 años del 16.5%.
Márgenes de los últimos 12 meses: margen bruto 81.7%, margen operativo -46.4%, margen neto -50.0%.
Al precio actual de $2.56, BKYI presenta beneficios negativos (P/E no significativo) y un ROE del -53.82%. La capitalización bursátil es de $3M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $3.0M | $6.3M | $4.0M | $2.3M | $2.8M | $5.1M | $7.0M | $7.8M | $6.9M | $6.1M |
| Coste de Ventas | $729683 | $6.5M | $4.2M | $2.5M | $794826 | $1.7M | $2.4M | $6.3M | $1.3M | $1.4M |
| Beneficio Bruto | $2.2M | -$181318 | -$119648 | -$193717 | $2.0M | $3.4M | $4.6M | $1.4M | $5.6M | $4.7M |
| I+D | $2.0M | $1.7M | $1.4M | $1.3M | $1.4M | $2.4M | $3.3M | $2.4M | $2.5M | $2.6M |
| Generales y Administrativos | $4.4M | $5.7M | $5.3M | $5.0M | $5.8M | $6.0M | $9.4M | $7.9M | $7.1M | $6.4M |
| Gastos Operativos | $6.4M | $7.3M | $6.7M | $13.3M | $7.2M | $8.4M | $14.5M | $10.3M | $9.7M | $9.0M |
| Beneficio Operativo | -$4.2M | -$4.3M | -$6.9M | -$13.5M | -$5.2M | -$4.9M | -$9.9M | -$8.8M | -$4.0M | -$4.3M |
| EBITDA | -$4.1M | -$2.7M | -$5.1M | -$12.5M | -$4.9M | -$4.5M | -$11.4M | -$7.8M | -$3.5M | -$3.9M |
| Gastos por Intereses | 0 | 0 | 0 | $1.1M | $4.3M | $18000 | $10462 | $218270 | $299755 | $317626 |
| Beneficio Antes de Impuestos | -$4.2M | -$4.3M | -$6.9M | -$14.6M | -$9.7M | -$5.1M | -$11.9M | -$8.7M | -$4.3M | -$4.6M |
| Impuestos | $912 | 0 | $160 | 0 | 0 | 0 | -$20434 | -$134014 | -$22998 | -$16500 |
| Beneficio Neto | -$4.2M | -$4.3M | -$6.9M | -$14.6M | -$9.7M | -$5.1M | -$11.9M | -$8.5M | -$4.3M | -$4.6M |
| BPA | $-1533.23 | $-1291.14 | $-1303.65 | $-1476.89 | $-226.64 | $-117.03 | $-272.65 | $-152.10 | $-20.88 | $-10.77 |
| BPA Diluido | $-1286.65 | $-1094.25 | $-1053.95 | $-1476.89 | $-226.64 | $-117.03 | $-272.65 | $-152.10 | $-20.88 | $-10.77 |
| Acciones en Circulación (Diluidas) | $3880 | $4610 | $8061 | $9878 | $43181 | $43288 | $43682 | $56028 | $205988 | $664770 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.5M | $1.2M | $2.1M | $1.9M |
| Beneficio Bruto | $1.2M | $969974 | $1.8M | $1.7M |
| Beneficio Operativo | -$892190 | -$1.6M | -$117713 | -$529405 |
| EBITDA | -$874080 | -$1.5M | -$137870 | -$508572 |
| Beneficio Neto | -$964849 | -$1.7M | -$165036 | -$576852 |
| BPA | $-1.46 | $-1.85 | $-0.20 | $-0.56 |
| BPA Diluido | $-1.46 | $-1.85 | $-0.20 | $-0.56 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.1M | $288721 | $323943 | $79013 | $17.0M | $7.8M | $2.6M | $511399 | $437604 | $2.7M |
| Inversiones a Corto | 0 | 0 | 0 | $512821 | $512821 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.6M | $3.0M | $1.6M | $236941 | $903502 | $1.1M | $1.6M | $1.3M | $792399 | $1.2M |
| Inventario | $465428 | $946847 | $998829 | $429119 | $330947 | $4.9M | $4.4M | $445740 | $378307 | $370879 |
| Activos Corrientes | $4.9M | $7.0M | $4.2M | $1.4M | $18.9M | $14.0M | $9.0M | $2.6M | $1.9M | $4.6M |
| Inmovilizado Material | $67814 | $181165 | $148608 | $661988 | $569118 | $323268 | $304768 | $257081 | $213570 | $47953 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | $1.3M | $1.3M | 0 | 0 | 0 | 0 |
| Activos Intangibles | $10.7M | $8.1M | $7.0M | $228188 | $1.6M | $1.3M | $1.8M | $1.4M | $1.1M | $830357 |
| Activos Totales | $17.3M | $16.1M | $11.7M | $2.5M | $22.5M | $17.8M | $11.3M | $4.5M | $8.6M | $10.9M |
| Cuentas por Pagar | $466842 | $499230 | $481269 | $919294 | $244158 | $427772 | $1.1M | $1.3M | $818187 | $507357 |
| Deuda a Corto | 0 | 0 | 0 | $2.3M | $232000 | 0 | $2.7M | $138730 | $1.7M | $654632 |
| Pasivos Corrientes | $1.8M | $2.3M | $1.2M | $4.4M | $1.9M | $2.0M | $5.5M | $3.2M | $4.6M | $3.1M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | $326767 | $188787 | $44762 | $21266 |
| Pasivos Totales | $1.8M | $2.3M | $1.2M | $4.8M | $2.2M | $2.2M | $6.0M | $3.5M | $4.8M | $3.2M |
| Reservas | -$62.8M | -$67.1M | -$75.1M | -$89.7M | -$99.5M | -$104.6M | -$116.5M | -$125.0M | -$129.3M | -$133.9M |
| Patrimonio Neto | $15.5M | $13.8M | $10.5M | -$2.3M | $20.3M | $15.6M | $5.3M | $1.1M | $3.8M | $7.7M |
| Deuda Total | 0 | 0 | 0 | $2.8M | $730472 | $264162 | $3.2M | $365346 | $1.8M | $703626 |
| Deuda Neta | -$1.1M | -$288721 | -$323943 | $2.2M | -$16.8M | -$7.5M | $604942 | -$146053 | $1.3M | -$2.0M |
| Capital Circulante | $3.1M | $4.7M | $3.0M | -$3.0M | $17.1M | $12.0M | $3.5M | -$591232 | -$2.7M | $1.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.0M | $2.7M | $2.2M | $1.4M |
| Activos Totales | $10.1M | $10.9M | $10.7M | $7.5M |
| Pasivos Totales | $4.1M | $3.2M | $3.3M | $3.1M |
| Patrimonio Neto | $6.0M | $7.7M | $7.4M | $4.3M |
| Deuda Total | $1.5M | $703626 | $42409 | $149732 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$4.2M | -$4.3M | -$6.9M | -$14.6M | -$9.7M | -$5.1M | -$11.9M | -$8.5M | -$4.3M | -$4.6M |
| Amortizaciones | $62644 | $1.6M | $1.6M | $1.0M | $426906 | $514073 | $546012 | $590143 | $477530 | $351731 |
| Compensación en Acciones | $427842 | $940734 | $980224 | $947720 | $792095 | $314715 | $387907 | $265732 | $243251 | $146571 |
| Cambio en Capital Circulante | -$735527 | -$1.2M | $1.8M | $2.1M | -$1.4M | -$5.3M | -$299024 | -$244068 | $696881 | -$377553 |
| Flujo de Caja Operativo | -$4.4M | -$2.5M | -$1.6M | -$1.9M | -$5.0M | -$9.0M | -$6.2M | -$3.8M | -$2.9M | -$4.7M |
| Inversiones (CapEx) | -$52975 | -$226758 | -$82458 | -$30489 | -$35568 | -$42024 | -$82040 | -$1000 | -$13047 | -$12012 |
| Adquisiciones | 0 | 0 | 0 | 0 | -$1.9M | 0 | -$623578 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$535100 | -$630408 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.5M | -$2.7M | -$1.7M | -$1.9M | -$5.0M | -$9.0M | -$6.3M | -$3.8M | -$2.9M | -$4.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.1M | -$1.8M | -$358000 | -$845749 |
| Inversiones (CapEx) | -$1326 | -$4639 | 0 | 0 |
| Flujo de Caja Libre | -$1.1M | -$1.8M | -$358000 | -$845749 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $31660 | $49588 | $40744 | $42652 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +111.8% | -35.8% | -43.9% | +25.1% | +80.3% | +37.3% | +10.5% | -10.6% | -12.0% |
| Crecimiento Beneficio Neto (anual) | | -2.0% | -60.7% | -112.4% | +33.7% | +47.6% | -135.1% | +28.4% | +49.5% | -6.7% |
| Crecimiento BPA (anual) | | +15.8% | -1.0% | -13.3% | +84.7% | +48.4% | -133.0% | +44.2% | +86.3% | +48.4% |
| Cambio en Acciones (anual) | | +18.8% | +74.9% | +22.5% | +337.1% | +0.2% | +0.9% | +28.3% | +267.7% | +222.7% |
| Crecimiento FCF (anual) | | +40.2% | +37.0% | -10.9% | -165.1% | -80.9% | +30.0% | +39.9% | +22.9% | -59.7% |
| Margen Bruto | 75.5% | -2.9% | -3.0% | -8.5% | 72.0% | 67.3% | 65.2% | 18.5% | 81.4% | 77.5% |
| Margen Operativo | -141.2% | -67.8% | -169.8% | -596.2% | -183.4% | -96.6% | -141.4% | -113.8% | -57.9% | -69.9% |
| Margen EBITDA | -139.1% | -42.8% | -126.9% | -551.9% | -172.9% | -88.6% | -162.0% | -101.2% | -51.2% | -63.6% |
| Margen Neto | -140.8% | -67.8% | -169.8% | -643.4% | -341.0% | -99.0% | -169.7% | -109.9% | -62.1% | -75.3% |
| Margen FCF | -151.2% | -42.7% | -41.9% | -82.9% | -175.8% | -176.4% | -89.9% | -48.9% | -42.2% | -76.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.2% | 1.5% | 0.5% | 0.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1159.74 | $-584.00 | $-210.39 | $-190.41 | $-115.46 | $-208.38 | $-144.48 | $-67.72 | $-14.21 | $-7.03 |
| Dividendo por Acción | $137.91 | $136.75 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $3256 | $3907 | $6517 | $9878 | $43181 | $43288 | $43682 | $56028 | $205988 | $664770 |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -53.82% |
| Rentabilidad sobre capital invertido | -70.16% |
| Rentabilidad sobre activos | -45.81% |
| Margen bruto | 81.75% |
| Margen operativo | -46.42% |
| Margen neto | -50.00% |
Salud financiera
| Deuda / Patrimonio | 0.03 |
| Ratio corriente | 1.26 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2.49 | -1.97 | -0.83 | -0.49 | -2.80 | -3.40 | -0.39 | -0.20 | -0.82 | -0.50 |
| P/VC | 0.80 | 0.72 | 0.67 | -3.11 | 1.35 | 1.10 | 0.87 | 1.58 | 0.93 | 0.47 |
| P/V | 4.18 | 1.58 | 1.74 | 3.14 | 9.64 | 3.37 | 0.66 | 0.22 | 0.51 | 0.59 |
| Margen Bruto | 75.5% | -2.9% | -3.0% | -8.5% | 72.0% | 67.3% | 65.2% | 18.5% | 81.4% | 77.5% |
| Margen Operativo | -141.2% | -67.8% | -169.8% | -596.2% | -183.4% | -96.6% | -141.4% | -113.8% | -57.9% | -69.9% |
| Margen Neto | -140.8% | -67.8% | -169.8% | -643.4% | -341.0% | -99.0% | -169.7% | -109.9% | -62.1% | -75.3% |