Unidentified Analyst: Got a couple of questions on MobileAuth, I think in your last call, you mentioned that MobileAuth supports Face ID, but you also said our face-positive solution. Is that a BIO-key developed face technology or licensed? I wasn’t quite sure what that was?
Michael DePasquale: Yes, so it may have been a little bit confusing. I think what Kim was referencing is MobileAuth and what it supports across the board. So MobileAuth now supports palm scanning, right? So you can scan your palm. It’s server and device based. So you can scan your palm with MobileAuth and positively identify yourself. We now also support facial recognition, and that is a licensed product. We did not go out and believe that we needed to go out and develop financial – I’m sorry, facial algorithms to match faces when there’s really good technology out there that can be licensed at a very fair rate. So we now support facial recognition as part of the MobileAuth app, but what she also said was as an authenticator, as another authentication option, we support Face ID and Touch ID on the iPhone and Android biometrics.
So when you look at the MobileAuth, even PortalGuard in general, one of our distinct competitive advantages is the flexibility that we provide our customers. We support PINs, tokens cards, keys, and biometrics, right? And our biometrics are a stronger option. They can be centrally matched. They can be matched on the device. So now we’re supporting a full suite of authentication options, 16-plus options that our customers can pick, select and choose to secure their portals and their information and their front ends and their networks. So that’s what she was describing.
Unidentified Analyst: Okay. And so somebody can load the MobileAuth app on an iPhone, and it becomes sort of a plug-and-play device manager for multi-authentication on a cell phone is that right?
Michael DePasquale: It’s – right now, MobileAuth is an enterprise security solution. We focus on the enterprise. We don’t focus directly on the consumer. Our focus at BIO-key is securing enterprises. And we believe that MobileAuth will be an extension that gets us into what we call the CIAM space, the customer identity and access management space, where our customers, our enterprise customers will be able to use MobileAuth to authenticate their customers. So if you think about almost every large entity on the globe deals directly with consumers in some way, shape, or form. So for example, it may even be just registering the warranty for a product that a consumer buys even though they don’t buy it directly from the company, they buy it through a retailer or whatever.
So allowing our enterprise customers to be able to securely authenticate their customers is kind of the next extension, and we call that CIAM, or customer identity and access management. There is an app that is downloaded from the Apple Store or the Android Store that gets loaded onto the device, whatever it is, iPhone or Android phone. Samsung doesn’t really matter what brand. And then that links up to the enterprise and allows for secure access to whatever information they are securing or locking down.
Unidentified Analyst: Okay. On Swivel, are you still looking at a $3 million target or do you have any kind of adjustment on that? I know he’s indicating that…?
Michael DePasquale: We are hitting, as Alex described, we’re hitting all of our objectives as it relates to Swivel, and we expect to hit our nine-month and our 12-month objectives as well. Remember that we acquired the company in March. So we grabbed a little bit of revenue in the first quarter of last year. And through the nine-month period, we’ve generated just about one – a little under $1.6 million in revenue, represents about 30% of our overall total revenue. PistolStar, PortalGuard is about 33%. And BIO-key the core BIO-key company is about 36%. The difference between 2021 and 2022 is really the delta in Africa. Africa, we generated about $700,000 in revenue last year through nine months and this year as it relates to the hardware side its zero.
