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 Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 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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WEST MELBOURNE, FL / ACCESSWIRE / February 17, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from Marine Corps Base Camp Pendleton for its new BKR 5000 portable communications technology, as part of their life cycle replacement program for the Camp Pendleton Fire Department (CPFD). The Camp Pendleton Fire Department is a full-service fire and emergency services first responder comprised of 175 firefighters and emergency services personnel located at 11 fire stations across the base.

Camp Pendleton Fire Department Selects BK Technologies' BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / February 3, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that its original contract with an electric utility agency of the U.S. Department of Energy (DoE), signed in August 2020, has been amended to increase its ceiling from $4.2 million to $7 million. By the terms of the agreement, BK will continue to provide its KNG2 and KNG Digital P-25 portable and mobile radios with related accessories, to be deployed at more than 35 sites in the U.S. The amended one-year contract was effective as of June 2021 and expires in June 2022, providing for purchases of equipment up to $7 million and includes two additional one-year extension options.

BK Technologies Announces Amendment to Contract Awarded by Agency of the U.S. Department of Energy; Contract Ceiling Raised to $7 Million

WEST MELBOURNE, FL / ACCESSWIRE / January 26, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from the Walla Walla, Washington Police Department for its new BKR 5000 portable communications technology. The purchase was made through Advanced Paging and Communications of Spokane, Washington, an authorized dealer of BK Technologies communications technology.

Walla Walla, Washington Police Department Selects BK Technologies' BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / January 11, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that Executive Vice President and Chief Financial Officer Bill Kelly, 65, will retire after a distinguished 26-year career with the Company. BK Technologies has initiated an external search for a new Chief Financial Officer and Kelly has agreed to stay on board through this process (no later than June 30, 2022) and serve in a consulting role through the transition as needed.

BK Technologies Announces Planned Retirement of Chief Financial Officer Bill Kelly After Distinguished 26-Year Career With The Company

WEST MELBOURNE, FL / ACCESSWIRE / December 28, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order valued at $1.0 million from the United States Department of Agriculture Forest Service (USFS) for its new 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 $1.0 Million Purchase Order from USDA Forest Service for BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / December 22, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced the appointment of Inez M. Tenenbaum and R.

BK Technologies Appoints Inez M. Tenenbaum and R.

WEST MELBOURNE, FL / ACCESSWIRE / December 21, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Company expects to close out fiscal 2021 with record bookings of over $54 million. The Company expects to ship and realize revenue from these bookings in 2021 and the first half of 2022.

BK Technologies Achieves Record Bookings

WEST MELBOURNE, FL / ACCESSWIRE / December 21, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that its Board of Directors has authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million in common shares. Share repurchases under the new authorization may begin immediately and the program does not have an expiration date.

BK Technologies Announces Share Repurchase Program

WEST MELBOURNE, FL / ACCESSWIRE / December 15, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Minnesota Department of Natural Resources ("DNR") Division of Forestry has chosen the Company's BKR 5000 portable communications technology for purchase and deployment for its lifecycle replacement plan. BK Technologies has been a longstanding provider of portable communications technology to the Minnesota DNR Division of Forestry, supporting its oversight of 59 state forests, school trust acres and other forested lands, which total 4.2 million acres across the state.

BK Technologies' BKR 5000 Chosen by Minnesota Department of Natural Resources Division of Forestry

WEST MELBOURNE, FL / ACCESSWIRE / November 23, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Wyoming State Forestry Division has selected BK's new BKR 5000 portable communications technology for purchase and deployment as the agency implements its lifecycle replacement program and expands its communications products for use in their State Trust Land Management, Fire Management and Assistance Forestry programs. BK Technologies has provided portable communications technology to the Wyoming State Forestry Division for many years, spanning generations of the Company's product line.

Wyoming State Forestry Division Selects BK Technologies' BKR 5000

BK Technologies Corporation (BKTI) CEO John Suzuki on Q3 2021 Results - Earnings Call Transcript

WEST MELBOURNE, FL / ACCESSWIRE / November 11, 2021 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK") today announced financial and operating results for the third quarter and nine months ended September 30, 2021. The Company will host a conference call today, November 11, 2021, at 9:00 AM eastern time.

BK Technologies Announces Third Quarter 2021 Results

WEST MELBOURNE, FL / ACCESSWIRE / November 10, 2021 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK") today announced that the California Department of Forestry and Fire Protection has placed an order for 500 of BK's KNG2 Series radios for purchase and deployment. The California Department of Forestry and Fire Protection (CAL FIRE) is dedicated to the fire protection and stewardship of over 31 million acres of California's privately-owned wildlands.

BK Technologies Receives Purchase Order for 500 KNG2 Series Radios from California Department of Forestry and Fire Protection

WEST MELBOURNE, FL / ACCESSWIRE / October 28, 2021 / BK Technologies Corporation (NYSE American:BKTI) will host an investor conference call to discuss its operating results for the third quarter and nine months ended September 30, 2021 on Thursday November 11, 2021 at 9:00 a.m. ET. On the call will be John Suzuki, CEO; Timothy Vitou, President; and William Kelly, Executive Vice President and Chief Financial Officer.

BK Technologies to Host Third Quarter 2021 Conference Call on Thursday, November 11, 2021

WEST MELBOURNE, FL / ACCESSWIRE / October 19, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced the appointment of Sean Conroy as Director of Supply Chain. Conroy has nearly 20 years of experience in supply chain management, operations, and LEAN manufacturing.

BK Technologies Appoints Sean Conroy as Director of Supply Chain

WEST MELBOURNE, FL / ACCESSWIRE / October 15, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Helena Fire Department in Helena, MT has selected BK's new BKR 5000 portable communications technology for purchase and deployment as part of its lifecycle replacement program for aging radios in its wildland fire fleet. BK President Tim Vitou commented, "The Helena Fire Department is a valued, longtime customer and we're pleased to continue our work with them as they upgrade to our new BKR 5000 portable communications technology.

Helena, MT Fire Department Selects BK Technologies' BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / October 7, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the U.S. Army has chosen the Company's BKR 5000 portable communications technology for purchase and deployment at Camp Arifjan Army Base in Arifjan, Kuwait. Situated to the south of Kuwait City, within the sovereign State of Kuwait, Camp Arifjan is vital to U.S. military operations in the Southwest Asian Theater.

BK Technologies' BKR 5000 Selected by U.S. Army for Use at Camp Arifjan in Kuwait

WEST MELBOURNE, FL / ACCESSWIRE / September 28, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that its longtime customer, the Nevada Bureau of Land Management ("BLM Nevada") has chosen the Company's BKR 5000 for purchase and as it conducts a lifecycle replacement program for its fire and land management portable communications technology. 67% of Nevada, or 48 million acres, are public lands.

Nevada Bureau of Land Management to Deploy BK Technologies' BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / September 23, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that its Board of Directors has declared a quarterly dividend of $0.02 per share of the Company's common stock, payable on October 18, 2021, to stockholders of record of the Company's common stock as of the close of business on October 7, 2021. General Gray Payne, Chairman of the Board, said, "We are pleased to continue the Company's capital return program with the declaration of our twenty-second consecutive quarterly dividend.

BK Technologies Declares Quarterly Dividend of $0.02 per Share

WEST MELBOURNE, FL / ACCESSWIRE / September 22, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received an order for the purchase and deployment of its BKR 5000 portable communications technology, from the Mississippi Forestry Commission, as part of the Commission's lifecycle replacement program. The Mississippi Forestry Commission (‘MFC") is a longstanding customer of BK Technologies, employing its portable communications technology in its activities around forest protection, management, inventory, and information distribution, necessary for Mississippi's sustainable forest economy.

BK Technologies Receives Order from Mississippi Forestry Commission for BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / September 14, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that the Arizona Department of Forestry and Fire Management has selected BK's new BKR 5000 portable communications technology for purchase and deployment as the agency implements its lifecycle replacement program. BK Technologies has served as a long-term provider of portable communications technology to the Arizona Department of Forestry and Fire Management, which provides resources for the prevention and suppression of wildland fire on 22 acres of State Trust land, as well as private property located outside incorporated communities.

Arizona Department of Forestry & Fire Management Selects BK Technologies' BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / September 2, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that Grand Teton National Park (GRTE) has selected BK's new BKR 5000 portable communications technology for purchase and deployment to its Wildland Fire Management program. BK Technologies has been a longstanding provider of portable communications technology to the GRTE's Wildland Fire Management program serving the 310,000 acres that encompass the Grand Teton National Park.

BK Technologies Receives Purchase Order from Grand Teton National Park for BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / August 24, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from the National Interagency Fire Center (NIFC) Radio Cache for its new BKR 5000 portable communications technology. The National Interagency Incident Communications Division Radio Cache is the wildland fire community's national radio and repeater cache.

BK Technologies Receives Purchase Order from the National Interagency Fire Center Radio Cache for BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / August 12, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced financial and operating results for the second quarter and six months ended June 30, 2021. The Company will host a conference call today, August 12, 2021, at 9:00 AM eastern time.

BK Technologies Announces Second Quarter 2021 Results

WEST MELBOURNE, FL / ACCESSWIRE / August 10, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order valued at $2.5 million from the United States Department of Agriculture Forest Service (USFS) for its new 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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