BIO-key International (NASDAQ:BKYI – Get Free Report) and Bitfarms (NASDAQ:BITF – Get Free Report) are both small-cap technology companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, dividends, institutional ownership, analyst recommendations, risk, profitability and earnings.
Profitability
This table compares BIO-key International and Bitfarms’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| BIO-key International | -50.01% | -67.31% | -40.28% |
| Bitfarms | -48.26% | -4.48% | -3.71% |
Insider & Institutional Ownership
26.5% of BIO-key International shares are owned by institutional investors. Comparatively, 20.6% of Bitfarms shares are owned by institutional investors. 4.0% of BIO-key International shares are owned by insiders. Comparatively, 9.5% of Bitfarms shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Volatility and Risk
Earnings and Valuation
This table compares BIO-key International and Bitfarms”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| BIO-key International | $6.09 million | 0.39 | -$7.16 million | ($4.11) | -0.40 |
| Bitfarms | $229.28 million | 8.02 | -$138.65 million | ($0.23) | -13.26 |
BIO-key International has higher earnings, but lower revenue than Bitfarms. Bitfarms is trading at a lower price-to-earnings ratio than BIO-key International, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings
This is a breakdown of current ratings and price targets for BIO-key International and Bitfarms, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| BIO-key International | 1 | 1 | 0 | 0 | 1.50 |
| Bitfarms | 1 | 1 | 3 | 0 | 2.40 |
Bitfarms has a consensus target price of $3.90, indicating a potential upside of 27.87%. Given Bitfarms’ stronger consensus rating and higher possible upside, analysts plainly believe Bitfarms is more favorable than BIO-key International.
Summary
Bitfarms beats BIO-key International on 11 of the 14 factors compared between the two stocks.
About BIO-key International
BIO-key International, Inc. develops and markets fingerprint identification biometric technology and software solutions, and enterprise-ready identity access management solutions for commercial, government, and education customers in the United States and internationally. The company offers BIO-key PortalGuard and PortalGuard IDaaS solutions, a customer-controlled and neutral-by-design cloud-based identity platform that allows customers to integrate with any cloud or on-premises SaaS application, as well as windows device authentication through IAM platform. Its solutions enable its customers to secure their workforces and student populations; and make their partner networks more collaborative. In addition, it provides BIO-key VST and WEB-key products; and Civil and Large-Scale ID Infrastructure solutions that develops finger-based biometric technology. Further, it offers finger scanners for enterprise and consumer markets under SideSwipe, EcoID, and SidePass brand names. The company was formerly known as SAC Technologies and changed its name to BIO-key International, Inc. in 2002. BIO-key International, Inc. was founded in 1993 and is headquartered in Wall, New Jersey.
About Bitfarms
Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada. It also undertakes hosting of third-party mining hardware. The company was founded in 2017 and is based in Toronto, Canada.
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