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

MILESTONE SCIENTIFIC INC. is the larger business by last-quarter revenue ($2.1M vs $1.5M, roughly 1.3× BIO KEY INTERNATIONAL INC). MILESTONE SCIENTIFIC INC. runs the higher net margin — -53.0% vs -62.3%, a 9.3% gap on every dollar of revenue. On growth, MILESTONE SCIENTIFIC INC. posted the faster year-over-year revenue change (2.2% vs -27.7%). Over the past eight quarters, MILESTONE SCIENTIFIC INC.'s revenue compounded faster (-4.3% CAGR vs -7.9%).

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.

Boston Scientific Corporation (BSC) is an American biotechnology and biomedical engineering firm and multinational manufacturer of medical devices used in interventional medical specialties, including interventional radiology, interventional cardiology, peripheral interventions, neuromodulation, neurovascular intervention, electrophysiology, cardiac surgery, vascular surgery, endoscopy, oncology, urology and gynecology.

BKYI vs MLSS — Head-to-Head

Bigger by revenue
MLSS
MLSS
1.3× larger
MLSS
$2.1M
$1.5M
BKYI
Growing faster (revenue YoY)
MLSS
MLSS
+30.0% gap
MLSS
2.2%
-27.7%
BKYI
Higher net margin
MLSS
MLSS
9.3% more per $
MLSS
-53.0%
-62.3%
BKYI
Faster 2-yr revenue CAGR
MLSS
MLSS
Annualised
MLSS
-4.3%
-7.9%
BKYI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BKYI
BKYI
MLSS
MLSS
Revenue
$1.5M
$2.1M
Net Profit
$-964.8K
$-1.1M
Gross Margin
76.9%
73.0%
Operating Margin
-57.6%
-52.5%
Net Margin
-62.3%
-53.0%
Revenue YoY
-27.7%
2.2%
Net Profit YoY
-30.6%
46.4%
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
MLSS
MLSS
Q4 25
$2.1M
Q3 25
$1.5M
$2.4M
Q2 25
$1.7M
$2.3M
Q1 25
$1.6M
$2.2M
Q4 24
$1.5M
$2.0M
Q3 24
$2.1M
$2.5M
Q2 24
$1.1M
$1.9M
Q1 24
$2.2M
$2.2M
Net Profit
BKYI
BKYI
MLSS
MLSS
Q4 25
$-1.1M
Q3 25
$-964.8K
$-1.2M
Q2 25
$-1.2M
$-1.5M
Q1 25
$-736.5K
$-2.0M
Q4 24
$-1.4M
$-2.0M
Q3 24
$-739.0K
$-1.5M
Q2 24
$-1.7M
$223.6K
Q1 24
$-510.3K
$-1.4M
Gross Margin
BKYI
BKYI
MLSS
MLSS
Q4 25
73.0%
Q3 25
76.9%
69.5%
Q2 25
72.6%
69.6%
Q1 25
82.6%
73.8%
Q4 24
82.1%
75.0%
Q3 24
78.3%
73.0%
Q2 24
77.0%
76.1%
Q1 24
86.3%
74.5%
Operating Margin
BKYI
BKYI
MLSS
MLSS
Q4 25
-52.5%
Q3 25
-57.6%
-48.1%
Q2 25
-63.9%
-63.9%
Q1 25
-39.9%
-89.5%
Q4 24
-86.7%
-101.4%
Q3 24
-27.1%
-58.4%
Q2 24
-144.9%
-96.0%
Q1 24
-23.3%
-65.1%
Net Margin
BKYI
BKYI
MLSS
MLSS
Q4 25
-53.0%
Q3 25
-62.3%
-48.9%
Q2 25
-68.8%
-63.8%
Q1 25
-45.8%
-89.3%
Q4 24
-94.7%
-101.1%
Q3 24
-34.5%
-58.1%
Q2 24
-146.1%
12.1%
Q1 24
-23.4%
-64.1%
EPS (diluted)
BKYI
BKYI
MLSS
MLSS
Q4 25
Q3 25
$-0.01
Q2 25
Q1 25
Q4 24
Q3 24
$-0.02
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
BKYI
BKYI
MLSS
MLSS
Cash + ST InvestmentsLiquidity on hand
$2.0M
$1.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.0M
$2.8M
Total Assets
$10.1M
$7.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BKYI
BKYI
MLSS
MLSS
Q4 25
$1.1M
Q3 25
$2.0M
$1.3M
Q2 25
$2.3M
$1.3M
Q1 25
$3.1M
$2.2M
Q4 24
$437.6K
$3.3M
Q3 24
$1.8M
$4.8M
Q2 24
$1.3M
$5.8M
Q1 24
$690.4K
$5.0M
Stockholders' Equity
BKYI
BKYI
MLSS
MLSS
Q4 25
$2.8M
Q3 25
$6.0M
$2.5M
Q2 25
$6.9M
$3.3M
Q1 25
$7.5M
$4.5M
Q4 24
$3.8M
$5.8M
Q3 24
$133.0K
$7.2M
Q2 24
$-1.1M
$8.0M
Q1 24
$535.7K
$7.5M
Total Assets
BKYI
BKYI
MLSS
MLSS
Q4 25
$7.8M
Q3 25
$10.1M
$8.5M
Q2 25
$10.5M
$8.1M
Q1 25
$11.2M
$9.1M
Q4 24
$8.6M
$9.8M
Q3 24
$6.4M
$11.2M
Q2 24
$4.8M
$12.0M
Q1 24
$4.2M
$11.4M

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
MLSS
MLSS
Operating Cash FlowLast quarter
$-1.1M
$-226.1K
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-72.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-3.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BKYI
BKYI
MLSS
MLSS
Q4 25
$-226.1K
Q3 25
$-1.1M
$81.8K
Q2 25
$-880.0K
$-1.8M
Q1 25
$-835.3K
$-1.0M
Q4 24
$-514.6K
$-1.5M
Q3 24
$-1.3M
$-973.9K
Q2 24
$-1.4M
$783.7K
Q1 24
$297.1K
$-1.2M
Free Cash Flow
BKYI
BKYI
MLSS
MLSS
Q4 25
Q3 25
$-1.1M
Q2 25
$-881.5K
Q1 25
$-839.9K
Q4 24
$-524.6K
Q3 24
$-1.3M
Q2 24
Q1 24
$295.2K
FCF Margin
BKYI
BKYI
MLSS
MLSS
Q4 25
Q3 25
-72.5%
Q2 25
-51.9%
Q1 25
-52.3%
Q4 24
-35.9%
Q3 24
-60.5%
Q2 24
Q1 24
13.5%
Capex Intensity
BKYI
BKYI
MLSS
MLSS
Q4 25
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.3%
Q4 24
0.7%
Q3 24
1.0%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
BKYI
BKYI
MLSS
MLSS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.50×
Q1 24

Financial Flow Comparison

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

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