BK Technologies Corp

BK Technologies Corp. is a holding company, which engages in the provision of two-way radio communications equipment. It offers product to the fire, EMS, police, federal, and municipalities agencies. The company was founded on October 24, 1997 and is headquartered in West Melbourne, FL.

Earnings data Q1 2021

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Earnings data Q3 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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BK Technologies reports 184% revenue growth, aims for $100M by 2025

BK Technologies demonstrated strong revenue growth and a focus on product certification and market expansion. However, the company needs to address profitability and operational efficiency while capitalizing on the potential of its products in the public safety sector.

BKTI reports 57% revenue growth in Q2 2023 earnings call

BKTI's Q2 2023 showed robust revenue growth and significant achievements in product certifications and large orders. However, challenges in gross margin performance and financial losses need to be addressed. The company's focus on cost reduction and plans for production ramp-up present opportunities for improvement.

BK Technologies Corporation reports robust Q3 performance and strategic shifts

BK Technologies Corporation delivered strong Q3 2023 results, marked by significant revenue growth, improved gross margin, and progress in the SaaS business unit. The company's strategic decision to shift production operations and the anticipation of achieving the high end of the annual shipment target position it for continued success and growth.

BK Technologies Corp reports robust Q2 performance and strategic growth plans

BK Technologies Corp's Q2 2024 performance reflects strong growth, improved margins, and operational efficiency, positioning the company for continued success.
With a focus on enhancing profitability, reducing costs, and exploring strategic opportunities, BK Technologies Corp is poised to navigate challenges and capitalize on growth prospects.
The company's solid liquidity position, successful product traction, and strategic initiatives underscore its resilience and potential for sustained performance in the market.

BK Technologies Corp reports robust Q3 earnings and growth prospects

BK Technologies Corp delivered strong financial results in Q3 2024 with improved gross margins and solid earnings.
The company's transition to East West manufacturing is driving margin improvement and operational efficiency.
While facing challenges in meeting revised targets, BK Technologies Corp is well-positioned for growth.
Opportunities in backlog delivery, margin enhancement, and product demand offer avenues for future success.

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The BKR 9000's compatibility with Arkansas P25 system boosts efficiency by allowing single radio use across all operations WEST MELBOURNE, FL / ACCESSWIRE / January 25, 2024 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order for 87 of its BKR 9000 multiband radios from the Arkansas Department of Agriculture's Forestry Division. The BKR 9000 is compatible with Arkansas's P25 system, allowing the Forestry Division to significantly enhance efficiency by carrying out their responsibilities using a single radio model across all operations.

BK Technologies Receives Purchase Order for BKR 9000 Radios from the Arkansas Department of Agriculture Forestry Division

WEST MELBOURNE, FL / ACCESSWIRE / December 20, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced that the Board of Directors has elected Joshua S. Horowitz as Chairman.

Joshua S. Horowitz Elected Chairman of the Board of Directors of BK Technologies

BK Technologies Corporation (NYSE:BKTI ) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Jen Belodeau - Vice President, IR John Suzuki - President & Chief Executive Officer Scott Malmanger - Chief Financial Officer Conference Call Participants Aaron Martin - AIGH Investments Brett Reiss - Janney Montgomery Scott Orin Hirschman - AIGH Investment Partners Operator Good morning, ladies and gentlemen, and welcome to the BK Technologies Corporation Conference Call for the Third Quarter 2023. This call is being recorded.

BK Technologies Corporation (BKTI) Q3 2023 Earnings Call Transcript

Third Quarter Revenue Increases 68% - Company Achieves Profitability With Third Quarter EPS of $0.03 - WEST MELBOURNE, FL / ACCESSWIRE / November 9, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the third quarter and nine months ended September 30, 2023. The Company will host a conference call today, November 9, 2023 at 9:00 a.m.

BK Technologies Announces Third Quarter 2023 Results

Strategic shift to asset-light strategy expected to significantly improve working capital, reduce inventory, and lower production costs East West to become shareholder of BK Technologies WEST MELBOURNE, FL / ACCESSWIRE / November 8, 2023 / BK Technologies Corporation (NYSE American:BKTI) ("BK", "the Company") today announced that it has signed a manufacturing and supply agreement ("the Agreement") with East West Manufacturing, LLC ("East West") to transition BK's West Melbourne, Florida manufacturing activities to East West's facilities. East West will become the exclusive manufacturer of the Company's radio product line.

BK Technologies Signs Transformational Agreement with East West Manufacturing

WEST MELBOURNE, FL / ACCESSWIRE / November 7, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it is has received a purchase order valued at $315,000 from the United States Department of Defense ("DoD") for the Company's BKR 9000 multiband radio as the DoD adds capabilities to its existing fleet of radios. John Suzuki, CEO of BK Technologies, commented, "We're pleased to expand our partnership with the Department of Defense as they expand their existing fleet of multiband radios with this order for the BKR 9000.

BK Technologies Receives $315,000 Purchase Order from the United States Department of Defense for the BKR 9000 Multiband Radio

WEST MELBOURNE, FL / ACCESSWIRE / October 31, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has developed a new feature for tethering its InteropONE service that enables push-to-talk-over-broadband capabilities for users of the Company's BKR 5000 and BKR 9000 radios. The new tethering feature will augment the BKR 5000 and BKR 9000 with patent pending technology that enables users to connect BKR radios with Apple or Android smartphones.

BK Technologies to Introduce InteropONE Tethering Feature Enabling Push-To-Talk-Over Broadband Capabilities for BKR 5000 and BKR 9000 Radio Customers

WEST MELBOURNE, FL / ACCESSWIRE / October 30, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") will host an investor conference call with a slide presentation to discuss its operating results for the third quarter ended September 30, 2023 on Thursday, November 9, 2023 at 9:00 a.m. ET. The Company plans to release its financial and operating results for the third quarter ended September 30, 2023 prior to the call on Thursday, November 9, 2023.

BK Technologies to Host Third Quarter 2023 Conference Call on Thursday, November 9, 2023

WEST MELBOURNE, FL / ACCESSWIRE / October 19, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it received a purchase order and subsequently shipped its BKR 9000 multiband radios to the Hawaii Department of Health, Emergency Medical Services & Injury Prevention System Branch. The 50-unit purchase was made through Pacific Infrastructure Group in Hilo, Hawaii, an authorized dealer of BK Technologies communications technology.

BK Technologies Ships BKR 9000 Multiband Radios to State of Hawaii Department of Health

West Melbourne, Florida--(Newsfile Corp. - October 5, 2023) - BK Technologies Corporation (NYSE American: BKTI) today announced that John Suzuki, Chief Executive Officer, and Scott Malmanger, Chief Financial Officer, will attend The ThinkEquity Conference at the Mandarin Oriental Hotel in New York City on Thursday, October 19, 2023. Mr. Suzuki and Mr.

BK Technologies To Present at The ThinkEquity Conference

WEST MELBOURNE, FL / ACCESSWIRE / October 3, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from the Sandoval County Office of Emergency Management valued at $963,0000, for its BKR 9000 multiband radio. The purchase was made through Advanced Communications and Electronics of Albuquerque, New Mexico, an authorized dealer of BK Technologies communications technology.

BK Technologies Receives Purchase Order from Sandoval County, New Mexico for BKR 9000

WEST MELBOURNE, FL / ACCESSWIRE / September 28, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received two purchase orders for a total value of $3.4 million from the National Interagency Fire Center, National Interagency Incident Communications Division ("NIICD"), as part of an ongoing annual lifecycle replacement program. NIICD manages a fleet of thousands of radios and has standardized on the BKR 5000, and this is the agency's third year purchasing the BKR 5000.

BK Technologies Receives Two Purchase Orders Totaling $3.4 Million for the BKR 5000 from the National Interagency Incident Communications Division

WEST MELBOURNE, FL / ACCESSWIRE / September 27, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received purchase orders totaling $2.1 million from the Bureau of Land Management ("BLM"). The orders, from several BLM offices in the western U.S., are primarily for the Company's BKR 5000 radio as the agency conducts a lifecycle replacement program for its communications technology.

BK Technologies Receives Purchase Orders Totaling $2.1 Million from Bureau of Land Management

WEST MELBOURNE, FL / ACCESSWIRE / September 19, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that President Tim Vitou, 66, will retire effective October 12, 2023, after a distinguished 40-year career in the wireless communications industry, more than 15 years of which were spent with BK Technologies. John Suzuki, BK's Chief Executive Officer will assume the responsibilities of President.

BK Technologies Announces Retirement of Tim Vitou, President

WEST MELBOURNE, FL / ACCESSWIRE / September 7, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Company's Board of Directors will be compensated entirely in BK Technologies common stock for their services in fiscal year 2023. In addition, the Company announced that its Chief Executive Officer has elected to receive 50% of his base salary in Restricted Share Units ("RSUs") and its Chief Financial Officer elected to receive 10% of his base salary in RSUs.

BK Technologies Board, Chief Executive Officer and Chief Financial Officer Elect to Receive Common Stock in lieu of Cash Compensation

WEST MELBOURNE, FL / ACCESSWIRE / September 7, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that John Suzuki, Chief Executive Officer, joined Robert Kraft, CEO of Planet Microcap, to discuss the Company's business strategy including the continued traction of the BKR 5000 radio, the recently launched BKR 9000 multiband radio, and SaaS offerings such as InteropONE, the only Push To Talk Over Cellular service that enables operational interoperability to first responders and individuals across the entire crisis management process through on-demand creation of user groups in five minutes or less. Please use this link to view the full video interview: About BK Technologies BK Technologies Corporation manufactures high-specification, American-made communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies.

BK Technologies CEO John Suzuki Joins Planet Microcap to Discuss Business Strategy

WEST MELBOURNE, FL / ACCESSWIRE / August 30, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced new features for InteropONE, the only PTToC ("Push To Talk Over Cellular") service that enables operational interoperability to first responders and individuals across the entire crisis management process through on-demand creation of user groups in five minutes or less. The new capabilities provide an enhanced interface for both the group owner and users, allowing for the handover of group ownership based on work shifts or command changes, and the ability to utilize private or group messages to share a location or any point on a map to facilitate situational awareness and team coordination, file attachments such as a person of interest photo, incident video, or a building floor plan, and web page links.

BK Technologies Announces New Features to Enhance InteropONE PTToC Service

WEST MELBOURNE, FL / ACCESSWIRE / August 10, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the second quarter and six months ended June 30, 2023. The Company will host a conference call today, August 10, 2023 at 9:00 a.m.

BK Technologies Announces Second Quarter 2023 Results

WEST MELBOURNE, FL / ACCESSWIRE / July 27, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") will host an investor conference call with a slide presentation to discuss its operating results for the second quarter ended June 30, 2023 on Thursday, August 10, 2023 at 9:00 a.m. ET. The Company plans to release its financial and operating results for the second quarter ended June 30, 2023 prior to the call on Thursday, August 10, 2023.

BK Technologies to Host Second Quarter 2023 Conference Call on Thursday, August 10, 2023

WEST MELBOURNE, FL / ACCESSWIRE / June 15, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order valued at $924,000 from the Washington State Department of Natural Resources ("Washington DNR"). This is a follow-on order to the $1.4 million order announced on March 7, 2023, from the Washington DNR and includes the Company's BKR 5000 radios as the agency continues to conduct a lifecycle replacement program for its communications technology.

BK Technologies Receives $924,000 Purchase Order for BKR 5000 Radios from the Washington State Department of Natural Resources

The company shipped over 10,000 radios in Q1 which allowed it to boost its gross profit margin to 26.1%. In my view, BKTI could be back in the black by the end of 2023 thanks to decreasing materials costs as well as the high-margin BKR 9000 radios. The first shipment of BKR 9000s was made in early June and this product should start to have some positive impact on the gross margin in Q4.

BK Technologies: Margins Are Improving And BKR 9000 Shipments Begin (Rating Upgrade)

WEST MELBOURNE, FL / ACCESSWIRE / June 13, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from the United States Department of Agriculture Forest Service (USFS) for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement (BPA) with the U.S. Department of Agriculture, announced in May 2021.

BK Technologies Awarded Purchase Order for Delivery of 2,438 BKR5000 Radios from USDA Forest Service

WEST MELBOURNE, FL / ACCESSWIRE / June 7, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has delivered its first shipment of the BKR 9000 multiband radio to a U.S. Army Base located in the continental United States, as part of the base's portable communications technology lifecycle replacement program. The BKR 9000 radio is the Company's first multiband portable radio for the public safety market, providing high performance all-band coverage at a cost-efficient price point.

BK Technologies Delivers First Shipment of BKR 9000 Multiband Radio to U.S. Army Base

WEST MELBOURNE, FL / ACCESSWIRE / June 5, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received approval from the Federal Communications Commission (FCC) for the BKR 9000 multiband radio. The BKR 9000 radio is the Company's first multiband portable radio for the public safety market, providing high performance all-band coverage at a cost-efficient price point.

BK Technologies Receives FCC Approval for BKR 9000 Multiband Radio

WEST MELBOURNE, FL / ACCESSWIRE / May 23, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from the United States Department of Agriculture Forest Service (USFS) for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement (BPA) with the U.S. Department of Agriculture, announced in May 2021.

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