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Side-by-side financial comparison of BIO KEY INTERNATIONAL INC (BKYI) and CXApp Inc. (CXAI). Click either name above to swap in a different company.

BIO KEY INTERNATIONAL INC is the larger business by last-quarter revenue ($1.5M vs $1.0M, roughly 1.5× CXApp Inc.). BIO KEY INTERNATIONAL INC runs the higher net margin — -62.3% vs -544.1%, a 481.9% gap on every dollar of revenue. On growth, BIO KEY INTERNATIONAL INC posted the faster year-over-year revenue change (-27.7% vs -38.5%). BIO KEY INTERNATIONAL INC produced more free cash flow last quarter ($-1.1M vs $-3.6M). Over the past eight quarters, BIO KEY INTERNATIONAL INC's revenue compounded faster (-7.9% CAGR vs -25.0%).

Bio Key International Inc develops and supplies biometric identity verification and access management solutions, including fingerprint, palm and facial recognition technologies. Its products serve enterprise, government, healthcare, education and retail sectors across North America, Europe and Asia, helping clients enhance security and streamline identity validation workflows.

CXApp Inc. is a technology firm specializing in digital workplace experience solutions. It offers cloud-based software tools for employee engagement, office space optimization, visitor management, and hybrid work coordination, serving mid-to-large enterprises across North America, APAC and Europe.

BKYI vs CXAI — Head-to-Head

Bigger by revenue
BKYI
BKYI
1.5× larger
BKYI
$1.5M
$1.0M
CXAI
Growing faster (revenue YoY)
BKYI
BKYI
+10.7% gap
BKYI
-27.7%
-38.5%
CXAI
Higher net margin
BKYI
BKYI
481.9% more per $
BKYI
-62.3%
-544.1%
CXAI
More free cash flow
BKYI
BKYI
$2.5M more FCF
BKYI
$-1.1M
$-3.6M
CXAI
Faster 2-yr revenue CAGR
BKYI
BKYI
Annualised
BKYI
-7.9%
-25.0%
CXAI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BKYI
BKYI
CXAI
CXAI
Revenue
$1.5M
$1.0M
Net Profit
$-964.8K
$-5.6M
Gross Margin
76.9%
86.9%
Operating Margin
-57.6%
-576.9%
Net Margin
-62.3%
-544.1%
Revenue YoY
-27.7%
-38.5%
Net Profit YoY
-30.6%
-56.7%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BKYI
BKYI
CXAI
CXAI
Q4 25
$1.0M
Q3 25
$1.5M
$1.1M
Q2 25
$1.7M
$1.2M
Q1 25
$1.6M
$1.2M
Q4 24
$1.5M
$1.7M
Q3 24
$2.1M
$1.9M
Q2 24
$1.1M
$1.8M
Q1 24
$2.2M
$1.8M
Net Profit
BKYI
BKYI
CXAI
CXAI
Q4 25
$-5.6M
Q3 25
$-964.8K
$-3.2M
Q2 25
$-1.2M
$-3.1M
Q1 25
$-736.5K
$-1.6M
Q4 24
$-1.4M
$-3.5M
Q3 24
$-739.0K
$-5.4M
Q2 24
$-1.7M
$-5.3M
Q1 24
$-510.3K
$-5.2M
Gross Margin
BKYI
BKYI
CXAI
CXAI
Q4 25
86.9%
Q3 25
76.9%
89.0%
Q2 25
72.6%
86.0%
Q1 25
82.6%
87.7%
Q4 24
82.1%
86.0%
Q3 24
78.3%
80.4%
Q2 24
77.0%
80.0%
Q1 24
86.3%
82.0%
Operating Margin
BKYI
BKYI
CXAI
CXAI
Q4 25
-576.9%
Q3 25
-57.6%
-343.4%
Q2 25
-63.9%
-336.1%
Q1 25
-39.9%
-306.0%
Q4 24
-86.7%
-169.7%
Q3 24
-27.1%
-194.3%
Q2 24
-144.9%
-206.7%
Q1 24
-23.3%
-197.3%
Net Margin
BKYI
BKYI
CXAI
CXAI
Q4 25
-544.1%
Q3 25
-62.3%
-283.4%
Q2 25
-68.8%
-256.7%
Q1 25
-45.8%
-132.0%
Q4 24
-94.7%
-213.6%
Q3 24
-34.5%
-286.5%
Q2 24
-146.1%
-297.6%
Q1 24
-23.4%
-284.4%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BKYI
BKYI
CXAI
CXAI
Cash + ST InvestmentsLiquidity on hand
$2.0M
$11.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$14.0M
Total Assets
$10.1M
$32.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKYI
BKYI
CXAI
CXAI
Q4 25
$11.1M
Q3 25
$2.0M
$5.1M
Q2 25
$2.3M
$4.9M
Q1 25
$3.1M
$3.9M
Q4 24
$437.6K
$4.9M
Q3 24
$1.8M
Q2 24
$1.3M
Q1 24
$690.4K
Stockholders' Equity
BKYI
BKYI
CXAI
CXAI
Q4 25
$14.0M
Q3 25
$6.0M
$15.2M
Q2 25
$6.9M
$14.3M
Q1 25
$7.5M
$15.6M
Q4 24
$3.8M
$15.6M
Q3 24
$133.0K
$13.6M
Q2 24
$-1.1M
$16.3M
Q1 24
$535.7K
$20.9M
Total Assets
BKYI
BKYI
CXAI
CXAI
Q4 25
$32.4M
Q3 25
$10.1M
$28.5M
Q2 25
$10.5M
$29.6M
Q1 25
$11.2M
$29.3M
Q4 24
$8.6M
$31.8M
Q3 24
$6.4M
Q2 24
$4.8M
Q1 24
$4.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BKYI
BKYI
CXAI
CXAI
Operating Cash FlowLast quarter
$-1.1M
$-3.6M
Free Cash FlowOCF − Capex
$-1.1M
$-3.6M
FCF MarginFCF / Revenue
-72.5%
-355.5%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-3.4M
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKYI
BKYI
CXAI
CXAI
Q4 25
$-3.6M
Q3 25
$-1.1M
$-2.8M
Q2 25
$-880.0K
$-3.0M
Q1 25
$-835.3K
$-979.0K
Q4 24
$-514.6K
$-2.7M
Q3 24
$-1.3M
$-2.1M
Q2 24
$-1.4M
$-1.9M
Q1 24
$297.1K
$-650.0K
Free Cash Flow
BKYI
BKYI
CXAI
CXAI
Q4 25
$-3.6M
Q3 25
$-1.1M
$-2.8M
Q2 25
$-881.5K
$-3.0M
Q1 25
$-839.9K
$-984.0K
Q4 24
$-524.6K
Q3 24
$-1.3M
$-2.1M
Q2 24
$-1.9M
Q1 24
$295.2K
$-668.0K
FCF Margin
BKYI
BKYI
CXAI
CXAI
Q4 25
-355.5%
Q3 25
-72.5%
-248.1%
Q2 25
-51.9%
-247.2%
Q1 25
-52.3%
-80.4%
Q4 24
-35.9%
Q3 24
-60.5%
-109.3%
Q2 24
-108.6%
Q1 24
13.5%
-36.7%
Capex Intensity
BKYI
BKYI
CXAI
CXAI
Q4 25
0.2%
Q3 25
0.1%
0.4%
Q2 25
0.1%
0.9%
Q1 25
0.3%
0.4%
Q4 24
0.7%
0.0%
Q3 24
1.0%
0.2%
Q2 24
0.0%
0.5%
Q1 24
0.1%
1.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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