Michael W. DePasquale
from are my I'm today. first Thank Thank call and for hosting joining time home. since BIO-key you and These joining the morning the good times this unprecedented you Scott call everyone. for
six Before all have appropriate responders, to pay We with in I to nurses they it's that working virus. start, for New you been front impacted live what also homage a if gratitude sudden you first lines the corona want incredibly done past York and have them those speaking the owe of the thank my I for debt weeks. our area, to. greater of I'm believe all doctors, supporting productive will BIO-key the the remaining in over environment. work to through know all of change in teammates And I
as first XXXX. Today, we reported well the as fiscal quarter of results for XXXX fiscal
travel of to Our results were XX-K. the and delayed XXXX, our impact the on timely our the audit, year-end and filing due of of work completion restrictions,
For QX requested results our XX-Q. a audited discuss on similar quarter with our them reporting, call. reasons, that than so we've have QX results first extension our XXXX for delay provided Rather filing preliminary are year full we we our to able
Our end with or SEC will month. on of Form quarter results first on XX-K the finalized has filed XX-Q Form for the filed before the and be the been
and deeply not did challenging relative going we materialize can as the software results, disappointing into a both cash from and year fiscal license as see revenues XXXX our our As to expected. you that flows was significant from expectations anticipated
did progressed, not revenue development other While business initiatives we but yield contributions. meaningful
million XXXX. the has exercise business share. the convertible emerged my I through it than we would we as note remarks $X.X able financing, difficulties, more past over managed in BIO-key created from on rather were proceeds of Our warrants the dwell a the be at further focus But per constructive in year, as think on for to well to with company, liquidity revenue address which shortfall the $X.XX challenges short-term how
BIO-key as in are without there kill promising saying focus year of outlook to doesn't the the refined has history. question, of emerged challenges you certainly and from makes you Well, reminded stronger. our some most I'm with it what last truth a
months in of and Our two discussed in the Africa. during systems been to rooted potential. software little very our initial million Recall, enthusiasm consulting customers XX now this earlier next total third $XX a in our intentions opportunities over expect successful we is hardware for large in that secured we quarter and to in future two opportunities services enormous deliver unlocking for first pursue Africa year contracts a over and call we've six months later, we
pressing Africa established added result to value establish very Our Bank, has size its region relationships, how We've suited our designed population the that role bringing and that most in program, was specific success region solutions and large Africa been knowledge, long and BIO-key the and some the Capitec there. and into development to direct success that such instrumental deployment but region large attractive could the in opportunities. security We've had our prevention capabilities have of fraud South felt a business in as governmental had it customer resellers of generally which with efforts found advance play relationships small and with of opportunity, given challenges. enterprise Channel to market continent's Partner well represents past, solving some an the Africa's in biometric are our difficult
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and solutions place we a those as to pause put now for Though of protection and a expect the as a normal works secure in progressed temporary more conditions who and outside government the in enterprise to is business causing Enterprise security. fully more increased activity, of great our pandemic the infrastructure enterprise are we deal interest Network working its
to our BIO-key law most designated continued worked and healthcare, of in remotely. essential operate at past service, the have though, over team defense, given as the enforcement, two Fortunately, an government our full staffing work months,
As have a to customers, support. remained with we prospects provide and contact continued service result excellent our and have in partners, and
refrain, the which very other a have client multifactor workforces. dialogues, corona the altered the help address distributed desire to being has solutions been that to we and importance demands substantially virus similar to and increased of enterprises clear can the workforce these Through are identity are companies to extend secure solutions and base. priority namely and substantially extent pandemic, it given and these Through become by expanded a encouraging and thinking dialogues hearing help the remote biometrics
So multi-factor matter our focused rounding win become for to that can shop we compete to on coming opportunities, of authentication better of stop their so out and choice no customers solutions position for one BIO-key suite authentication a we're intently methods.
a Though our solutions, expertise value biometric for manage close our a While is future this hope to did our to strategic in ability would about want more it around priority periods. in and underscore major and remote remains I cloud. to securely this second the premature the technology in say the about say globe in more core in to is U.S. plans, in BIO-key have to be and authentication I
and and outlook variables to for financial any understandably outlook. our more too there frankly provide year, many to remain to the of path Finally, sort interactions current with to schedules, timing, I'm reliable respect provide business a guidance normal the reluctant fiscal regarding
large we've forward. work BIO-key these positioned to on to advance third and prior can to performance, two that However, execute is what made likely I we've very contracts steps we've our deposits improve We're we quarter, perhaps the our that require in time, bottom on at before taken confident contracts. same reiterate moving line clear the will that it very significant commence
year growth BIO-key is profitability XXXX. and approximately we achieve Given timeliness full believe project and to scale of the two the years, substantial positioned likely for well
remain engaged several business U.S., in countries in actively Asia Africa. in and markets addition in also We other to the in in here developments
can been muted distributed in threats forced against expect fully the businesses that and we workers increased by efforts remote their that the opportunities our a to meaningful While more world situation, progress far of a to virus in corona invest has workforce. we're protecting be optimistic yield
look across Africa of African completed for as that of two a And will pursue Nigeria is position We to opportunities as also into just growth and Africa impact on we scale expected basis. are are the other forward and large full final outside and duration, the they likely I their global providing the to projects BIO-key confident the expected more revenue Given planning our timing mentioned, business and and us profitability allow visibility alone substantial scale the year underway. projects for XXXX.
now turn in me Fred. Let developments our few Fred review to the Corsentino business. over specific a to call
