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 Q4 2020

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Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

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.

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WEST MELBOURNE, FL / ACCESSWIRE / April 14, 2023 / BK Technologies (NYSE American:BKTI) today announced that it will be presenting at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 at 5:00 PM (Local Time -PDT). John Suzuki, Chief Executive Officer, and Scott Malmanger, Chief Financial Officer, will be hosting the presentation and answering questions at the conclusion.

BK Technologies to Present at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 & Hold 1x1 Meetings on Thursday, April 27, 2023

WEST MELBOURNE, FL / ACCESSWIRE / March 29, 2023 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order valued at $781,000 from the California Department of Forestry and Fire Protection for its KNG Series mobile radio. John Suzuki, CEO of BK Technologies, commented, "We are pleased to further our relationship with CAL FIRE as they continue to update and expand their radio fleet.

BK Technologies Receives $781,000 Order for KNG Series Mobile Radios from the California Department of Forestry and Fire Protection

WEST MELBOURNE, FL / ACCESSWIRE / March 23, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company") today announced that it will effect a one (1)-for-five (5) reverse stock split of its outstanding common stock, effective April 21, 2023 at 5:00 p.m., Eastern Time.

BK Technologies Announces Reverse Stock Split

WEST MELBOURNE, FL / ACCESSWIRE / March 21, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it will attend the International Wireless Communications Expo ("IWCE") 2023 in Las Vegas from March 27 to March 30, 2023. The Company will be at booth 1714 in the Las Vegas Convention Center on March 29 and March 30 where it will showcase the BKR 9000 multiband portable radio and InteropONE, the Company's new push-to-talk-over-cellular ("PTToC") service enabling universal interoperability between different technologies and service providers to deliver on-demand group communications for first responders.

BK Technologies To Attend IWCE 2023

BK Technologies Corp (NYSE:BKTI ) Q4 2022 Earnings Conference Call March 16, 2023 9:00 AM ET Company Participants John Suzuki - CEO & Director Scott Malmanger - CFO, Principal Accounting Officer & Company Secretary Conference Call Participants Bruce Galloway - Galloway Capital Operator Good morning, ladies and gentlemen, and welcome to the BK Technologies Corporation Conference Call for the Fourth Quarter and Year-end 2022. This call is being recorded.

BK Technologies Corp (BKTI) Q4 2022 Earnings Call Transcript

Achieves Full Year Record Revenue of $51 Million And Closes 2022 With Backlog of $27 Million WEST MELBOURNE, FL / ACCESSWIRE / March 16, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced financial and operating results for the fourth quarter and year ended December 31, 2022. The Company will host a conference call today, March 16, 2023 at 9:00 a.m.

BK Technologies Announces Fourth Quarter and Year-End 2022 Results

WEST MELBOURNE, FL / ACCESSWIRE / March 9, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has received its first purchase order for its InteropONE PTToC service from a large public safety agency in a top five U.S. metropolitan market. InteropONE facilitates multi-agency incident response and mutual aid in planned or unplanned incidents such as large public events, disaster relief, criminal intelligence, and mass violence, where a lack of communications can slow or hinder the response.

BK Technologies Receives First Purchase Order for InteropONE PTToC Service

WidePoint

FAIRFAX, VA / ACCESSWIRE / March 8, 2023 / WidePoint Corporation (NYSE American:WYY), the innovative technology Managed Solution Provider (MSP) specializing in Identity & Access Management (IAM), Telecommunications and Managed Mobility Services (MMS), Analytics & Billing as a Service (ABaaS), and IT as a Service (ITaaS), today announced that it has entered into a reseller agreement with BK Technologies Corporation (NYSE American: BKTI), for the resale of BK's InteropONE PTToC (Push-To-Talk Over Cellular) service to the U.S. Department of Homeland Security and the U.S. Department of State. InteropONE is the only PTToC (Push-To-Talk Over Cellular) service that enables operational interoperability to first responders through on-demand creation of user groups without requiring network pre-provisioning or gateways.

WidePoint Corporation Signs Reseller Agreement with BK Technologies Corporation for InteropONE PTToC Service

WEST MELBOURNE, FL / ACCESSWIRE / March 8, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has entered into a reseller agreement with WidePoint Corporation, for the resale of BK's InteropONE PTToC service to the U.S. Department of Homeland Security and the U.S. Department of State. InteropONE is the only PTToC (Push-To-Talk Over Cellular) service that enables operational interoperability to first responders through on-demand creation of user groups without requiring network pre-provisioning or gateways.

BK Technologies Signs Reseller Agreement with WidePoint Corporation for InteropONE PTToC Service

WEST MELBOURNE, FL / ACCESSWIRE / March 7, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has received a purchase order valued at $1.4 million from the Washington State Department of Natural Resources ("DNR") for its BKR 5000 portable communications technology and accessories. This is the second significant purchase of the BKR 5000 by the DNR following an order valued at $1.4 million placed in December 2022.

BK Technologies Receives $1.4 Million Follow-On Purchase Order for BKR 5000 from Washington State Department of Natural Resources

WEST MELBOURNE, FL / ACCESSWIRE / March 6, 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 fourth quarter and twelve months ended December 31, 2022 on Thursday, March 16, 2023 at 9:00 a.m. ET. The Company plans to release its financial and operating results for the fourth quarter and twelve months ended December 31, 2022 prior to the call on Thursday, March 16, 2023.

BK Technologies to Host Fourth Quarter and Full Year 2022 Conference Call on Thursday, March 16, 2023

WEST MELBOURNE, FL / ACCESSWIRE / February 27, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that John Suzuki, Chief Executive Officer, and Scott Malmanger, Chief Financial Officer, will attend the 35th Annual Roth Conference at the Ritz Carlton, Laguna Niguel in Dana Point, California. Mr. Suzuki and Mr.

BK Technologies to Attend 35th Annual Roth Conference

WEST MELBOURNE, FL / ACCESSWIRE / February 2, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced continued pre-order activity for its BKR 9000, with orders from the Pilot Point Fire Department and the Kenedy County Sheriff, both in Texas, as well as from Tulare County Fire, in California. The BKR 9000 is the Company's multiband portable communications technology for the public safety market, providing high performance all-band coverage at a cost-efficient price point.

BK Technologies' BKR 9000 Sees Pre-Order Momentum - Delivering All-Band Capability At An Accessible Price Point

Net sales declined by 5.8% year on year to $30.6 million in the first nine months of 2022 due to operational issues. However, the company added a second production line due to strong demand for BKR 5000 radios and delivered 11,200 radios in Q4 2022.

BK Technologies: The Tide Could Be Turning (Rating Upgrade)

WEST MELBOURNE, FL / ACCESSWIRE / January 4, 2023 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has delivered approximately 11,200 radios in the fourth quarter of 2022. The Company delivered a total of approximately 25,200 radios in 2022, up from 22,500 radios delivered for full year 2021.

BK Technologies Closes Out Year With Over 11,200 Radios Delivered in the Fourth Quarter 2022; Brings Year End Delivery Total to Over 25,000 Radios

WEST MELBOURNE, FL / ACCESSWIRE / December 22, 2022 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that its BKR 9000, which is the Company's next generation, multiband portable communications technology for the public safety market, has been delivered to a third-party lab for FCC (Federal Communications Commission) test and certification. Kyle Cerminara, Chairman of BK Technologies, commented, "This is a historic milestone for the engineering efforts at BK Technologies and I am so pleased that we have reached this important point in the development and launch of our BKR 9000.

BK Technologies Delivers BKR 9000 For FCC Test and Certification

Receives first task order for BKR 5000 in the amount of $1.3 million WEST MELBOURNE, FL / ACCESSWIRE / December 21, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced an approximately $2.0 million Standing Offer Agreement from the Saskatchewan Public Safety Agency (SPSA) for the supply of its portable communications technology and accessories. With this agreement, BK Technologies' total order bookings for 2022 reached a record $70 million year to date.

BK Technologies Awarded Approximately $2.0 Million Standing Offer Agreement by Saskatchewan Public Safety Agency; Pushes 2022 Total Order Bookings to a Record $70 Million Year-to-Date

WEST MELBOURNE, FL / ACCESSWIRE / December 20, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that its public safety smartphone application, BKRplay is now available for free download to owners of IOS or android smartphones. BKRplay hosts innovative public safety communications services designed for first responders, to help keep them safe and make them more efficient when they exit their vehicles during an incident response.

BK Technologies' BKRplay Now Available in the Apple App and Google Play Stores

WEST MELBOURNE, FL / ACCESSWIRE / December 15, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchased order in the amount of $500,000 from one of its resellers, for the Company's BKR 5000 portable communications technology. The order comes from the Santa Barbara County Fire Department in California as part of the department's lifecycle replacement program.

BK Technologies Receives Purchase Order Valued at $500,000 from Santa Barbara County Fire Department for BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / December 13, 2022 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced that it has received a purchase order valued at $1.4 million from the Washington State Department of Natural Resources ("DNR") for its BKR 5000 portable communications technology and accessories. This is the first significant purchase of the BKR 5000 by the DNR following a smaller order placed in March of 2022 for testing and approval purposes.

BK Technologies Receives $1.4 Million Purchase Order for BKR 5000 from Washington State Department of Natural Resources

BK Technologies Corporation (NYSE:BKTI ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants John Suzuki - CEO & Director John Nesbett - IMS Investor Relations Scott Malmanger - Interim CFO, Principal Accounting Officer & Company Secretary Conference Call Participants Brett Reiss - Janney Montgomery Scott Operator Good morning, ladies and gentlemen, and welcome to the BK Technologies Corporation Conference Call for the Third Quarter 2022. This call is being recorded.

BK Technologies Corporation (BKTI) Q3 2022 Earnings Call Transcript

Achieves Record Third Quarter Bookings of $28M WEST MELBOURNE, FL / ACCESSWIRE / November 3, 2022 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") today announced financial and operating results for the third quarter and nine months ended September 30, 2022. The Company will host a conference call today, November 3, 2022, at 9:00 a.m.

BK Technologies Announces Third Quarter 2022 Results

WEST MELBOURNE, FL / ACCESSWIRE / November 2, 2022 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK") today announced that it has named Scott Malmanger as Chief Financial Officer effective November 7, 2022. Mr. Malmanger previously served as interim Chief Financial Officer beginning in July 2022.

BK Technologies Names Scott Malmanger as Chief Financial Officer

WEST MELBOURNE, FL / ACCESSWIRE / October 26, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has commenced production of its KNG mobile series radios at its Melbourne, Florida manufacturing facility and expects the radios will be exclusively manufactured in the U.S. beginning in 2023. As previously announced, in April 2021 the Company expanded its printed circuit board assembly capabilities and capacity at its Melbourne facility with the addition of surface mount technology (SMT) equipment.

BK Technologies Commences Full Production of KNG Mobile Series Radios at Melbourne Facility

WEST MELBOURNE, FL / ACCESSWIRE / October 20, 2022 / BK Technologies Corporation (NYSE American:BKTI) will host an investor conference call with slide presentation to discuss its operating results for the third quarter and nine months ended September 30, 2022 on Thursday, November 3, 2022 at 9:00 a.m. ET. The Company plans to release its financial and operating results for the third quarter and nine months ended September 30, 2022 prior to the call on Thursday, November 3, 2022.

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