Fingerprint device firm BIO-key has reported that revenues increased to US$2.3 million in the second quarter of 2015 compared to $403,000 for the same period last year.Net income also rose to $753,000, or $0.01 per basic and diluted share, compared to a net loss of $1,026,286, or ($0.02) per basic and diluted share, in Q2 '14.The major driver behind the increase is a rise in license fee revenue to $2,017,535 from $121,078 in Q2 '14, principally reflecting a large telecommunications license signed in Q2 '15.Sales in highly regulated industries represented approximately 83% of total sales, with the OEM channel representing approximately 80% of total sales.The company says that these figures keep it on track to achieve its full year 2015 revenue guidance range of $5.0 million to $7.0 million, compared to revenue of $4.0 million in 2014.Michael DePasquale, Chairman and CEO of BIO-key commented, “BIO-key continues to see growth in demand for our products as enterprises and governments move to deploy stronger user authentication technologies. Network breaches, identity theft and fraud are on the rise as traditional password and other single factor authentication methods continue to fail. BIO-key's proven, scalable and highly secure fingerprint biometric software solutions directly address this problem, providing security and convenience in a cost effective manner.”He added that he firm's growth outlook “is supported by a steady increase in customer dialogues across healthcare, financial services, mobile communications and government markets. The prospects are considering deployment of fingerprint biometrics to solve key cybersecurity, regulatory and fraud prevention goals.” NoteBIO-key will be exhibiting at connect:ID 2016, 14-16 March, Washington DC. connect:ID is an international conference and exhibition that focuses on all aspects of identity technologies and the opportunities for their management in both the physical and digital worlds. http://www.connectidexpo.com