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    Dan Cummings

    Research Analyst at Private Investor

    Dan Cummings is an Analyst at Private Investor, specializing in the evaluation of equities across multiple sectors for private investment purposes. Although his current focus and company coverage are not publicly disclosed, there is limited available performance data or rankings, and no verified success metrics are published. Cummings’ career background, professional credentials, or securities registrations have not been substantiated by publicly available sources. Specific details about his timeline, past employers, or notable recognitions remain undisclosed.

    Dan Cummings's questions to BIO KEY INTERNATIONAL (BKYI) leadership

    Dan Cummings's questions to BIO KEY INTERNATIONAL (BKYI) leadership • Q3 2024

    Question

    Asked about the nature of revenue from the defense ministry and British Columbia deals, the drivers and sustainability of high gross margins, the amount of hardware sold and expected to be sold, one-time financing costs, the rationale for exiting the Swivel Secure services agreement, and the status of accounts receivable.

    Answer

    The executives clarified that the defense ministry deal is perpetual with a maintenance component, while the British Columbia deal is subscription-based. High gross margins are sustainable due to a focus on license sales, selling written-down hardware, and exiting a low-margin service contract. A large hardware order is expected in Q4. Most financing costs were in Q3, and the majority of Q3 receivables have been collected.

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