Latest news with #BKTechnologies
Yahoo
a day ago
- Business
- Yahoo
BK Technologies Corp (BKTI) Q2 2025 Earnings Call Highlights: Revenue Growth and Margin ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BK Technologies Corp (BKTI) reported a 4.5% increase in second-quarter revenue to $21.2 million, aligning with their targeted single-digit growth for 2025. Gross margin improved significantly to 47.4% from 37.3% in the same quarter of the previous year, driven by a favorable sales mix and cost reduction initiatives. The company launched Relay 1, a portable repeater kit, and received a purchase order from Larimer County Sheriff's Office, indicating strong market acceptance. BK Technologies Corp (BKTI) received substantial federal orders, including a $12.9 million order from the USDA Forest Service, highlighting their strong position in the federal communications market. The company raised its full-year gross margin target to 47% and increased its GAAP EPS target to $3.15, reflecting confidence in their business trajectory and improved operating models. Negative Points Selling, general, and administrative expenses increased slightly to $6 million, reflecting strategic investments in engineering and product development. Engineering and product development expenses rose to 10.9% of sales, primarily due to non-capitalizable development costs for new products. Sales and marketing expenses increased to 9.2% of sales, driven by the addition of new sales personnel and increased trade show participation. The backlog at the end of Q2 was lower than anticipated at $16 million, partly due to the timing of federal orders. The company remains cautious about potential changes in tariff policies, which could impact future financial performance. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with BKTI. Q: Can you elaborate on the factors driving the improved gross margin outlook? A: (Scott Mellinger, CFO) The improved gross margin is primarily driven by a more favorable tariff environment and a shift towards higher-margin products. Additionally, cost savings from outsourcing production to East-West Manufacturing have significantly contributed to this improvement. Q: How is the BKR 9,000 performing in terms of sales, and what is the sales cycle like? A: (John Suzuki, CEO) We expect to ship 2 to 3 times more BKR 9,000 radios this year compared to last year. The sales cycle for the BKR 9,000 can vary; for larger customers, it can take up to 18 months, while smaller customers might take around 6 months to make a purchase decision. Q: What is the current backlog, and how does it compare to expectations? A: (Scott Mellinger, CFO) The backlog at the end of Q2 was approximately $16 million, which was slightly lower than anticipated due to federal orders received early in July. Considering these orders, the backlog is reasonable. Q: Can you provide an update on the development of the BKR 9,500 and its market potential? A: (John Suzuki, CEO) The BKR 9,500 development is on track, and we expect to start recognizing revenue from it in 2027. The market for mobile radios like the BKR 9,500 is substantial, representing about 35-40% of the $2.3 billion U.S. device market. Q: How do you view the impact of tariffs on your financial guidance? A: (Scott Mellinger, CFO) While the tariff situation is not ideal, we believe it is mostly behind us for this year. Our products produced in Mexico and Canada are coming in tariff-free under USMCA, which gives us confidence in our gross margin guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
06-08-2025
- Business
- Associated Press
BK Technologies to Host Second Quarter 2025 Conference Call on Thursday, August 14, 2025
WEST MELBOURNE, FL / ACCESS Newswire / August 6, 2025 / 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 and six months ended June 30, 2025, on Thursday, August 14, 2025, at 9:00 a.m. ET. The Company plans to release its financial and operating results for the second quarter and six months ended June 30, 2025, prior to the call on Thursday, August 14, 2025. Shareholders and interested parties may participate in the conference call by dialing (888) 506-0062 and international participants should dial (973) 528-0011 and use access code: 189911. The call and the accompanying slide deck will also be webcast at: The conference call and slide deck may also be accessed via the 'Events & Presentations' page of the Company's website at Please allow extra time prior to the call to visit the site. An online archive of the webcast will be available on the Company's website for thirty (30) days following the call at A replay of the conference call will be available one hour after completion of the call until Thursday, August 21, 2025, by dialing (877) 481-4010 and international participants should dial (919) 882-2331. All callers must use access code 52724 to access the replay. About BK Technologies BK Technologies Corporation, through its operating subsidiaries, designs and manufactures high-specification, communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies' Solutions business focuses on new, innovative public safety LMR/broadband convergence solutions that makes second responders safer and more productive. BK Technologies is honored to serve these heroes when every moment counts. The Company's common stock trades on the NYSE American market under the symbol 'BKTI'. Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at or directly at 1-800-821-2900. Company Contact: IMS Investor Relations John Nesbett/Jennifer Belodeau [email protected] (203) 972-9200 SOURCE: BK Technologies Corporation press release
Yahoo
15-05-2025
- Business
- Yahoo
BKTI Stock Gains Post Strong Q1 Earnings, Margins and Radio Demand
Shares of BK Technologies Corporation BKTI have gained 0.96% since the company reported its earnings for the quarter ended March 31, 2025. This compares with the S&P 500 Index's 0.98% gain over the same period. Over the past month, BKTI has advanced 1.4%, significantly underperforming the broader S&P 500, which jumped 11.6% during that time. BK Technologies posted solid financial performance for the first quarter of 2025, with revenues rising 4.5% year over year to $19.1 million from $18.2 million in the first quarter of 2024. Diluted earnings per share (EPS) surged 189.5% to $0.55 from $0.19 in the year-ago period, while non-GAAP adjusted diluted EPS jumped 126.7% to $0.68 from $0.30. Operating income surged to $2.9 million from $0.9 million in the year-ago period, and net income rose to $2.1 million from $0.7 million. Gross margin also saw a notable expansion, increasing to 47% from 34.5%, reflecting a favorable product mix and benefits from BK Technologies' transition to contract manufacturing with East West Manufacturing. The first quarter marked BK Technologies' seventh consecutive quarter of profitability. Adjusted EBITDA climbed 128.8% to $3.2 million from $1.4 million posted in the same quarter last year. The company's order backlog stood at $18.8 million at the end of March 2025, slightly down from $19 million a year ago. Working capital rose to $24.6 million as of March 31, 2025, up from $23 million at year-end 2024. This increase was supported by a stronger cash position, which grew to $8.9 million from $7.1 million at the end of Dec. 31, 2024. Total shareholders' equity also increased from $29.8 million at the end of Dec. 31, 2024, to $32.4 million at the end of March 31, 2025. BK Technologies maintained a debt-free balance sheet, providing financial flexibility to pursue growth initiatives. Revenue growth was driven primarily by continued demand for the BKR Series radios, particularly the BKR 9000 multiband radio, which is becoming an increasingly significant contributor to total revenues. The BKR 9000's higher average selling price compared to the BKR 5000 is expected to support future margin and revenue expansion as its adoption scales further. BK Technologies Corporation price-consensus-eps-surprise-chart | BK Technologies Corporation Quote CEO John Suzuki emphasized that the strong first-quarter results underscore BKTI's operational and strategic progress. He credited the gross margin improvement to a favorable sales mix, cost-reduction initiatives and the successful transition to a contract manufacturing model through East West Manufacturing, which also enabled BK Technologies to avoid tariffs under the USMCA agreement. Suzuki noted that while federal orders were light in the first quarter due to the delayed passing of a full-year continuing resolution, this has since been resolved, and BKTI has begun to see increased federal order activity. He expressed optimism about the opportunities ahead and reiterated the company's full-year guidance targets. Management noted that the first and fourth quarters are typically softer due to seasonal factors, including limited wildland fire activity and the federal fiscal year-end cycle. Nonetheless, the company saw solid traction from state and local government customers during the quarter, although federal orders were modest due to a delay in the passing of a continuing resolution by Congress. Gross margin improvement, from 34.5% to 47%, played a pivotal role in the bottom-line growth. This margin expansion was supported by cost containment, enhanced manufacturing efficiencies and product mix optimization, particularly with the increased contribution from higher-margin products, such as the BKR 9000. On the cost side, selling, general, and administrative expenses rose 13.7% to $6 million from $5.3 million a year ago. However, this increase was more than offset by higher revenue and improved cost structure, allowing for a significant boost in operating income. BK Technologies reaffirmed its full-year 2025 targets of GAAP diluted EPS exceeding $2.40 and non-GAAP adjusted diluted EPS above $2.80. Management expects single-digit revenue growth and aims for gross margins of at least 42% for the year, supported by scaling sales of the BKR 9000 and continued operational improvements. Additionally, BKTI outlined plans to incrementally invest in sales and marketing to accelerate adoption of the BKR 9000 and to strengthen its software capabilities via expanded R&D and engineering efforts. Development of the next-generation BKR 9500 mobile radio is also underway, with revenue contribution expected in 2027. No acquisitions, divestitures or major restructuring activities were reported during the quarter. However, BKTI emphasized a strengthened balance sheet, ending the quarter with $24.6 million in working capital, including $19.1 million in cash, cash equivalents, and receivables, up from $23 million at the end of 2024. BK Technologies also reported no outstanding debt, giving it financial flexibility to support its growth strategy. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BK TECHNOLOGIES, INC. (BKTI): Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
04-04-2025
- Business
- Associated Press
BK Technologies Launches RelayONE; Receives Purchase Order from Larimer County Sheriff's Office in Fort Collins, Colorado
WEST MELBOURNE, FLORIDA / ACCESS Newswire / April 4, 2025 / BK Technologies Corporation (NYSE American:BKTI) (the 'Company,' 'BK Technologies') today announced the launch of RelayONE, a rapidly deployed portable repeater kit designed to extend range and facilitate interoperability among different types of public safety and military radios. RelayONE now delivers enhanced interoperability by enabling compatibility with the BKR 9000 multiband radio, providing communications on VHF, UHF, or 700/800 MHz via a single radio. This product is a part of the newly rebranded BK ONE family of offerings focused on developing innovative interoperable communications applications for first responders. In conjunction with the launch of RelayONE, the Larimer County Sheriff's Office, based in Fort Collins, Colorado, has purchased RelayONE kits for use by the Larimer County Search and Rescue (LCSAR). Larimer County has a total population of about 360,000, and Fort Collins is its most populous city and county seat. LCSAR has approximately 80 active professional search and rescue members and averages 70 call outs per year. James Teel, General Manager of Solutions, commented, 'The launch of RelayONE enables us to enhance the flexibility of our rapidly deployed portable repeater and expand into new markets with customers that require multiband interoperability. We're pleased to have the opportunity to provide our RelayONE solution to the Larimer County Sheriff's Office to aid in their search and rescue operations. RelayONE and the broader BK ONE brand reflect our commitment to delivering innovative interoperable solutions that promote a unified first responder response and enhance safety and efficiency in the field.' About BK Technologies BK Technologies Corporation, through its operating subsidiaries, designs and manufactures high-specification, communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies' Solutions business focuses on new, innovative public safety LMR/broadband convergence solutions that makes first responders safer and more productive. BK Technologies is honored to serve these heroes when every moment counts. The Company's common stock trades on the NYSE American market under the symbol 'BKTI'. Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at or directly at 1-800-821-2900. Forward-Looking Statements This press release contains statements about future events and expectations which are 'forward-looking statements' within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to the Company's long-term strategic plan, and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: changes or advances in technology; SaaS and Radio business lines and the products offered thereunder; disruption in the global supply chain creating delays, unavailability and adverse conditions; successful introduction of new products and technologies, including our ability to successfully develop and sell our anticipated SaaS products, and our new multiband radio product and other related products in the planned new BKR Series product line; competition in the land mobile radio industry; general economic and business conditions, including higher inflation and its impacts, federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital;impact of geopolitical instability, including as a result of the military conflicts between Russia and Ukraine, and in the Middle East; the duration and impact of the COVID-19 pandemic; reliance on contract manufacturers and suppliers; risks associated with fixed-price contracts; heavy reliance on sales to agencies of the U.S. Government and our ability to comply with the requirements of contracts, laws and regulations related to such sales; allocations by government agencies among multiple approved suppliers under existing agreements; our ability to comply with U.S. tax laws and utilize deferred tax assets; our ability to attract and retain executive officers, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and to consummate, acquisition, disposition or investment transactions, and risks incumbent to being a noncontrolling interest stockholder in a corporation; impact of our capital allocation strategy; risks related to maintaining our brand and reputation; impact of government regulation; impact of rising health care costs; our business with manufacturers located in other countries, including changes in the U.S. Government and foreign governments' trade and tariff policies; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results and stock price; acts of war or terrorism, natural disasters and other catastrophic events; any infringement claims; data security breaches, cyber-attacks and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE American listing; risks related to being a holding company; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statement. This press release and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to generally accepted accounting principles ('GAAP'). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the release. (203) 972-9200
Associated Press
04-03-2025
- Business
- Associated Press
BK Technologies Rebrands and Expands SaaS Solutions Business Unit
- Newly formed Solutions unit is dedicated to developing innovative and interoperable communications applications to promote unified response for planned and emergency events - Solutions unit includes the BK ONE family of offerings, comprised of InteropONE, LocateONE, RelayONE and future offerings WEST MELBOURNE, FL / ACCESS Newswire / March 4, 2025 / BK Technologies Corporation (NYSE American:BKTI) (the 'Company,' 'BK Technologies') today announced the establishment of its Solutions unit, representing the expansion and relaunch of its software-as-a-service (SaaS) solutions business unit to now include SaaS, software applications and certain hardware offerings under the BK ONE brand name. The unit is dedicated to developing innovative solutions that create reliable communication platforms to promote fast, unified responses for planned and emergency events. James Teel will continue his leadership role of the expanded Solutions business unit. The BK ONE portfolio of solutions includes: InteropONE, BK's Push-To-Talk Over Broadband (PTToB) service that enables the on-demand creation of user groups that can include anyone with an active smartphone; LocateONE, an on-premise solution that provides real-time tracking of personnel and assets in the field using GPS functionality; and RelayONE, a rapidly deployed portable repeater kit designed to extend range and facilitate interoperability among different types of public safety and military radios. BK ONE will also include future interoperability-centric solutions that are currently under development. The BK ONE portfolio of solutions is designed to enhance the effectiveness of first responders and other public safety personnel while keeping them safer John Suzuki, CEO of BK Technologies, commented, 'Interoperability between communication devices and platforms has long been a challenge for the public safety market. In the field, first responders are increasingly using public safety smartphone applications, often through a variety of smartphone providers and platforms. When a crisis hits, BK ONE offers rapidly deployable interoperability solutions which significantly increase the effectiveness of the public safety response while keeping the first responders safe. When a BK ONE solution is teamed with a BKR Series radio, the first responder receives an enhanced user experience, a benefit that we believe will drive sales of both our BK ONE solutions and our BKR series radios.' About BK Technologies BK Technologies Corporation, through its operating subsidiaries, designs and manufactures high-specification, communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies' Solutions business focuses on new, innovative public safety LMR/broadband convergence solutions that makes first responders safer and more productive. BK Technologies is honored to serve these heroes when every moment counts. The Company's common stock trades on the NYSE American market under the symbol 'BKTI'. Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at or directly at 1-800-821-2900. Forward-Looking Statements This press release contains statements about future events and expectations which are 'forward-looking statements' within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to the Company's long-term strategic plan, and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: changes or advances in technology; SaaS and Radio business lines and the products offered thereunder; disruption in the global supply chain creating delays, unavailability and adverse conditions; successful introduction of new products and technologies, including our ability to successfully develop and sell our anticipated SaaS products, and our new multiband radio product and other related products in the planned new BKR Series product line; competition in the land mobile radio industry; general economic and business conditions, including higher inflation and its impacts, federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital;impact of geopolitical instability, including as a result of the military conflicts between Russia and Ukraine, and in the Middle East; the duration and impact of the COVID-19 pandemic; reliance on contract manufacturers and suppliers; risks associated with fixed-price contracts; heavy reliance on sales to agencies of the U.S. Government and our ability to comply with the requirements of contracts, laws and regulations related to such sales; allocations by government agencies among multiple approved suppliers under existing agreements; our ability to comply with U.S. tax laws and utilize deferred tax assets; our ability to attract and retain executive officers, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and to consummate, acquisition, disposition or investment transactions, and risks incumbent to being a noncontrolling interest stockholder in a corporation; impact of our capital allocation strategy; risks related to maintaining our brand and reputation; impact of government regulation; impact of rising health care costs; our business with manufacturers located in other countries, including changes in the U.S. Government and foreign governments' trade and tariff policies; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results and stock price; acts of war or terrorism, natural disasters and other catastrophic events; any infringement claims; data security breaches, cyber-attacks and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE American listing; risks related to being a holding company; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statement. This press release and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to generally accepted accounting principles ('GAAP'). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the release. Company Contact: (203) 972-9200
