Exhibit 99.1 BK Technologies Announces First Quarter 2025 Results WEST MELBOURNE, FL May 13, 2025 / BK Technologies Corporation (NYSE American: BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the first quarter ended March 31, 2025. The Company will host a conference call today, May 13, 2025, at 9:00 a.m. Eastern Time. First Quarter 2025 Financial and Operational Update 1 Represents a non-GAAP financial measure. Refer to the section entitled "Use of Non-GAAP Finan ...

Financial Performance - The net income for the three months ended March 31, 2025, was $2,132, leading to a basic income per share of $0.60 and diluted income per share of $0.55[57]. - The Company recorded an income tax expense of $670 for the three months ended March 31, 2025, resulting in an effective tax rate of 24.8%[47]. - Non-cash share-based employee compensation expense was $118 for the three months ended March 31, 2025, compared to $55 for the same period last year[58]. - The Company recorded non-cash share-based employee compensation expense of $275 for the three months ended March 31, 2025, compared to $121 for the same period last year, reflecting a significant increase of approximately 127%[61]. - The total lease cost for the three months ended March 31, 2025, was $169, slightly up from $168 for the same period last year[76]. Inventory and Receivables - Inventories as of March 31, 2025, totaled $16,233, a decrease from $17,636 as of December 31, 2024, with allowances for slow-moving inventory at approximately $1,624[46]. - The allowance for credit losses on trade receivables was approximately $50 on gross trade receivables of $10,221 as of March 31, 2025[45]. - The Company had purchase commitments for inventory totaling approximately $11,835 as of March 31, 2025[63]. Manufacturing and Operations - The Company transitioned its manufacturing activities to East West Manufacturing, which will exclusively manufacture the Company's radio product line under a three-year agreement[42]. - East West purchased 77,520 shares of the Company's common stock for $1,000, at a price per share of $12.90, based on the average closing price over the previous 30 trading days[42]. - The Company issued 89,248 shares of Common Stock to East West Manufacturing, LLC as a result of a cashless exercise of a warrant on May 2, 2025[78]. Liabilities and Legal Matters - The Company assessed its liabilities and contingencies related to legal matters, stating that no pending material claims or legal matters were present as of March 31, 2025[62]. - The Company recorded a decrease in the valuation allowance of approximately $3.6 million for deferred tax assets as of December 31, 2024[49]. Market Conditions - Geopolitical tensions have led to market volatility, which could impact the Company's operations and financial performance[65]. - Sales to United States government agencies represented approximately $2,078 (10.9%) of the Company's net total sales for the three months ended March 31, 2025, a decrease from $9,830 (53.9%) in the same period last year[64]. Credit Facilities - The Company entered into a new credit facility with Fifth Third Bank, providing a one-year revolving line of credit with a maximum commitment of $6 million, expandable to $10 million under certain conditions[41]. - The Company has not utilized funding under the $6 million Revolving Loan Commitment as of March 31, 2025, with no outstanding borrowings[66][70]. Capital Expenditures - Capitalized product development costs increased to $440 for the three months ended March 31, 2025, compared to $147 for the same period in 2024[52]. - As of March 31, 2025, the Company had outstanding stock options totaling 320,168, with a weighted average exercise price of $16.25 and an aggregate intrinsic value of $7,354,353[60]. Lease Information - The weighted average remaining lease term as of March 31, 2025, was 2.14 years, with a weighted average discount rate of 5.50%[77].

Core Insights - BK Technologies Corporation (BKTI) has experienced a significant stock price increase of 33.9% since its earnings report for the quarter ended December 31, 2024, outperforming the S&P 500 Index, which declined by 1.9% during the same period [1] Financial Performance - For Q4 2024, BK Technologies reported revenues of $17.9 million, a 9.9% increase from $16.3 million in the same quarter last year [2] - The diluted GAAP earnings per share (EPS) surged to $0.93 from $0.08, aided by a one-time, non-cash income tax benefit of $0.37 [2] - Non-GAAP adjusted diluted EPS rose to $0.61 from $0.20, marking a 205% year-over-year increase [2] - Full-year revenues reached $76.6 million, up 3.4% from $74.1 million in 2023 [3] - Full-year diluted GAAP EPS was $2.25 compared to a loss of $0.65 in the previous year, while non-GAAP adjusted EPS increased to $2.30 from break-even in 2023 [3] - Operating income for Q4 rose to $2.2 million from $0.4 million in the prior-year quarter, with full-year operating income at $7.8 million against an operating loss of $0.8 million in the previous year [3] Margins and Operational Metrics - Gross margins improved to 41.2% in Q4 from 35.1%, with a full-year gross margin of 37.9% compared to 30% in 2023 [4] - Non-GAAP adjusted EBITDA for Q4 was $2.8 million, up 116.9% from $1.3 million a year ago, while full-year adjusted EBITDA rose to $10.4 million from $1.5 million [5] - SG&A expenses for Q4 were $5.2 million, down 3% from $5.3 million in the same period last year [5] - The company ended 2024 with a backlog of $21.8 million, up from $16 million at the end of 2023, indicating strong future demand [5] Balance Sheet and Working Capital - Working capital improved to $23 million from $16.8 million a year earlier, with a strengthened balance sheet showing $7.1 million in cash and no long-term debt [6] - Shareholders' equity increased to $29.8 million from $21.3 million at the end of 2023 [6] Management Commentary - CEO John Suzuki highlighted Q4 as a period of exceptional execution, with revenue growth, margin expansion, and profitability exceeding expectations [7] - The success was attributed to strong market adoption of the BKR 9000 multiband radio, expanding sales beyond traditional segments [7] - Management noted a decrease in revenue expected from federal agencies, projecting only 35% of 2025 revenue from this source, down from 49% in 2023, indicating broader market penetration [7] Pricing and Future Outlook - The company implemented price increases of 5–10% on radios and accessories in early 2025, which are expected to be margin-accretive [8] - For fiscal 2025, BKTI targets single-digit revenue growth with gross margins of at least 42% and expects GAAP diluted EPS to exceed $2.40 and non-GAAP adjusted EPS to surpass $2.80 [11] New Developments - In March 2025, BK Technologies announced the rebranding and expansion of its SaaS business under the BK ONE Solutions unit, which includes new offerings aimed at enhancing first-responder communications [12] - Development is underway for the BKR 9500 mobile radio, expected to enter the market in 2027 [13]

Financial Data and Key Metrics Changes - Revenue for Q4 2024 increased by 9.9% to $17.9 million, with full-year revenue reaching $76.6 million, up from $74.1 million in 2023 [7][23] - Gross margin for Q4 2024 was 41.2%, compared to 35.1% in Q4 2023, and full-year gross margin improved to 37.9% from 30% in 2023 [23][25] - Fully diluted GAAP EPS for Q4 2024 was $0.93, significantly up from $0.08 in the prior year, while full-year GAAP EPS was $2.35 compared to a loss of $0.65 in 2023 [25][27] Business Line Data and Key Metrics Changes - The BKR 9000 product line showed strong order activity, with a backlog of $21.8 million at year-end, up $5.8 million from the previous year [12] - The shift in product mix towards the BKR 9000 contributed to improved gross margins, with expectations for continued momentum in 2025 [11][14] Market Data and Key Metrics Changes - The federal government is expected to contribute only 35% of revenue in 2025, down from 49% in 2023, indicating a shift towards state and local government markets [17] - Initial customer feedback on recent price increases of 5% to 10% has been supportive, with no observed demand changes [15] Company Strategy and Development Direction - The company aims for single-digit revenue growth in 2025, targeting a gross margin of at least 42% and GAAP diluted EPS exceeding $2.40 [31] - Investments in sales and marketing will be increased to accelerate the adoption of the BKR 9000, alongside R&D investments to enhance software capabilities [32][34] - The rebranding of the SaaS business unit to BK One Solutions aims to address interoperability challenges in public safety communications [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain macroeconomic environment, particularly regarding tariffs, and emphasized the importance of delivering quality products while maintaining profitability [14][17] - The company is optimistic about its growth trajectory and believes it is well-positioned to enhance shareholder value through 2025 and beyond [37] Other Important Information - The company reported a significant improvement in its balance sheet, with cash and cash equivalents of approximately $7.1 million and no debt as of December 31, 2024 [29] - Non-GAAP adjusted EBITDA for the full year 2024 was $10.4 million, a substantial increase from $1.5 million in 2023 [21][27] Q&A Session Summary Question: How has order activity been year to date? - Management indicated that first-quarter order volume is in line with expectations, with federal government funding expected to flow in the second quarter [40][42] Question: Where is the most interest for the BKR 9000? - Interest is primarily in the state and local markets, where the multiband capabilities of the BKR 9000 are particularly attractive [44][46] Question: What is the timeline for the software initiative to become a bigger part of the P&L? - Management is still assessing the market for the software solutions and expects to provide clarity on the potential size of the solutions business by the end of 2025 [48][52] Question: Can margin improvement continue even before the price increase? - Management expects healthy margins in Q1 but anticipates a drop in gross margin in Q2 due to tariffs, with expectations to stabilize in the second half of the year [82][84] Question: Will the software side become a revenue source? - While the software business is currently small, it is expected to grow, particularly with the addition of new products to the portfolio [92][94]

Financial Data and Key Metrics Changes - Revenue for Q4 2024 increased by 9.9% to $17.9 million, with full year revenue reaching $76.6 million, up from $74.1 million in 2023 [7][23] - Gross margin for Q4 2024 was 41.2%, compared to 35.1% in Q4 2023, and full year gross margin improved to 37.9% from 30% in 2023 [23][25] - Fully diluted GAAP EPS for Q4 2024 was $0.93, significantly up from $0.08 in the prior year, while full year GAAP EPS was $2.35 compared to a net loss of $0.65 in 2023 [25][27] Business Line Data and Key Metrics Changes - The BKR 9000 product line showed strong momentum, contributing to increased order activity and a backlog of $21.8 million at year-end, up $5.8 million from the previous year [11][12] - Non-GAAP adjusted EPS for Q4 2024 was $0.61, a significant increase from $0.20 in Q4 2023, with full year non-GAAP adjusted EPS reaching $2.30 compared to breakeven in 2023 [10][27] Market Data and Key Metrics Changes - The federal government is expected to contribute only 35% of revenue in 2025, down from 49% in 2023, indicating a shift towards state and local government markets [17] - Initial customer feedback on recent price increases of 5% to 10% has been supportive, with no observed demand changes [15] Company Strategy and Development Direction - The company aims for single-digit revenue growth in 2025, targeting a gross margin of at least 42% and GAAP diluted EPS exceeding $2.40 [31] - Investments in sales and marketing will be increased to accelerate the adoption of the BKR 9000, alongside R&D investments to enhance software capabilities [32] - The rebranding of the SaaS business unit to BK One Solutions aims to address interoperability challenges in public safety communications [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain macroeconomic environment, particularly regarding tariffs, and emphasized the importance of delivering quality products while maintaining profitability [14][17] - The company is optimistic about its growth trajectory, believing it is well-positioned to enhance shareholder value through 2025 and beyond [38] Other Important Information - The company reported a significant improvement in its balance sheet, with cash and cash equivalents of approximately $7.1 million and no debt as of December 31, 2024 [29] - Non-GAAP adjusted EBITDA for Q4 2024 was $2.8 million, compared to $1.3 million in Q4 2023, with full year adjusted EBITDA of $10.4 million [27][21] Q&A Session Summary Question: How has order activity been year to date and are sales cycles lengthening? - Management indicated that first quarter order volume is in line with expectations, with federal government funding now available for the second quarter [40][42] Question: Where is the most interest for the BKR 9000? - Interest is primarily in the state and local markets, where the multiband capabilities of the BKR 9000 are particularly attractive [44][46] Question: What is the timeline for the software initiative becoming a bigger part of the P&L? - Management is still assessing the market for the software solutions, with hopes to provide clarity by the end of 2025 [48][52] Question: Can the company continue to show margin improvement despite backlog not including price increases? - Management expects healthy margins in Q1 but anticipates a drop in gross margin in Q2 due to tariffs, with a return to around 42% in the second half of the year [84][86] Question: Will the software solutions become a revenue source? - While currently small, the software solutions are expected to grow and could become a breakeven or profit center in the future [92][96]

NYSE American: BKTI Fourth Quarter & Full Year 2024 Earnings Results Thursday, March 27th, 2025 Safe Harbor Statement 2 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 s ...

Revenue Growth - Full year 2024 revenue increased to $76.6 million, up from $74.1 million in 2023, representing a growth of 3.4%[10] - Fourth quarter revenue of $17.9 million increased 9.9% compared to $16.3 million in the fourth quarter of 2023[4] - For the three months ended December 31, 2024, net sales increased to $17,927,000, a 9.9% increase from $16,309,000 for the same period in 2023[27] Earnings Performance - Full year GAAP diluted EPS of $2.25 exceeded the target of $1.65 per share, while non-GAAP adjusted EPS of $2.30 surpassed the target of $1.92 per share[4] - The company reported a basic net income per share of $2.35 for the twelve months ended December 31, 2024, compared to a loss of $0.65 for the same period in 2023[27] - Adjusted earnings per share (diluted) for the twelve months ended December 31, 2024, was $2.30, compared to $0.00 for the same period in 2023[31] Profitability and Margins - Fourth quarter gross margin improved to 41.2%, up from 35.1% in the same period last year, and full year gross margin was 37.9%, compared to 30.0% in 2023[4][10] - Full year 2024 operating income totaled $7.8 million, a significant improvement from an operating loss of $777,000 in 2023[12] - Operating income for the twelve months ended December 31, 2024, was $7,828,000, compared to a loss of $777,000 for the same period in 2023[27] - Net income for the three months ended December 31, 2024, was $3,657,000, significantly up from $290,000 in the same period of 2023, representing a 1,160.3% increase[27] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $10,390,000, compared to $1,473,000 for the same period in 2023, indicating a substantial growth[31] Financial Health - Order backlog at December 31, 2024, was $21.8 million, compared to $16.0 million at December 31, 2023, indicating strong demand[5] - Total assets increased to $51,499,000 as of December 31, 2024, up from $49,408,000 as of December 31, 2023[29] - Current liabilities decreased to $13,974,000 as of December 31, 2024, down from $20,418,000 as of December 31, 2023, reflecting improved financial health[29] - Cash and cash equivalents increased to $7,075,000 as of December 31, 2024, compared to $3,456,000 as of December 31, 2023, indicating improved liquidity[29] - The company’s accumulated deficit decreased to $(15,850,000) as of December 31, 2024, from $(24,209,000) as of December 31, 2023, showing progress in profitability[29] Future Outlook - The company expects full year 2025 GAAP EPS to exceed $2.40 per diluted share and non-GAAP adjusted EPS to exceed $2.80 per diluted share[5] - The company is expanding its offerings with new software and products in 2025, including the establishment of a Solutions business unit[5] Expenses Management - Selling, General & Administrative expenses decreased to $21.2 million in 2024, down from $23.0 million in 2023[11] EBITDA Performance - Non-GAAP adjusted EBITDA for the fourth quarter of 2024 was $2.8 million, compared to $1.3 million in the fourth quarter of 2023[9]

Financial Agreements - The Company entered into a new credit facility with Fifth Third Bank, providing a one-year revolving line of credit with a maximum commitment of $6 million, expandable to $10 million under certain conditions[23]. - The Company signed a Master Supply Agreement with East West Manufacturing for LMR products, resulting in the purchase of 77,520 shares of common stock valued at $1 million, and a warrant to purchase 135,300 shares at $15.00 each[24]. - The Company’s share repurchase program allows for the repurchase of up to $5 million of common stock, with no expiration date[26]. Sales and Revenue - Sales to government and public safety users represented substantially all of the Company's sales for 2024 and 2023[46]. - Sales to the U.S. Government accounted for approximately 38% and 49% of total sales for the years ended December 31, 2024 and 2023, respectively[55]. - Total sales of LMR products were $76.6 million in 2024, up from $74.1 million in 2023, with U.S. sales at $74.9 million and international sales at $1.7 million[67]. Manufacturing and Production - The Company completed the transition of its manufacturing production to East West Manufacturing in Q3 2024[24]. - Approximately 17.0% of the Company's material and product procurements in 2024 were sourced internationally, with 79.9% from seven suppliers[53]. - The backlog of unshipped customer orders was approximately $21.8 million and $16.0 million as of December 31, 2024 and 2023, respectively[56]. - The backlog changes are primarily attributed to the timing of orders and fulfillment, influenced by supply chain factors[56]. Research and Development - Engineering and development expenses for 2024 were approximately $7.8 million, down from $9.3 million in 2023, with $1.3 million capitalized for the development of the BKR9500 mobile radio[48]. - The first product in the new BKR Series, the all-band BKR9000 portable radio, was released in April 2023, with ongoing development for the BKR9500 mobile radio[47]. - The Company has one U.S. patent awarded and two pending U.S. patent applications for its SaaS services products[43]. Workforce and Compliance - The company has 113 employees as of December 31, 2024, with 39 in customer service and distribution, and 34 in engineering[64]. - The company is subject to U.S. Federal Government procurement regulations, which may include audits and compliance reviews[59]. - Compliance with environmental and worker health and safety laws did not have a material effect on capital expenditures, earnings, or competitive position in 2024[63]. Market Position and Competition - The company competes primarily in the North American market, with Motorola Solutions, Inc. as a dominant competitor[57]. - The company’s wireless communications products are subject to FCC regulations, which may require migration to more spectrum-efficient digital technology[60]. - The company emphasizes a customer-centric approach and continuous improvement as part of its mission and guiding principles[66].

Core Viewpoint - BK Technologies Corporation (BKTI) has shown significant stock performance improvement, gaining 19% since its earnings report for Q3 2024, contrasting with the S&P 500's decline of 0.7% during the same period [1] Financial Performance Highlights - For Q3 2024, BK Technologies reported revenues of $20.2 million, a 0.5% increase from $20.1 million in the same quarter last year [2] - Gross margin improved to 38.8% from 31.9% year-over-year, attributed to a favorable sales mix and cost reductions [2] - Net income rose to $2.4 million, or $0.63 per diluted share, compared to $0.1 million, or $0.03 per share, in the prior year [2] - Operating income surged 339.6% to $2.6 million from $0.6 million, reflecting enhanced operational efficiency [2] Year-to-Date Performance - For the nine months ending September 30, 2024, revenue increased by 1.5% to $58.7 million from $57.8 million in the same period of 2023 [3] - Gross margin for the nine months was 36.9%, up from 28.6% in the previous year [3] - Year-to-date net income reached $4.7 million, or $1.30 per diluted share, compared to a loss of $2.5 million, or $0.74 per share, in the same period last year [3] Segment Performance - The BKR 5000 and BKR 9000 radios significantly contributed to revenues, driven by substantial orders from government and public safety agencies [4] Order Backlog and Management Commentary - The company's order backlog increased to $27 million as of September 30, 2024, up from $21.8 million a year earlier [5] - BK Technologies completed its manufacturing transition to East West, which is expected to enhance margins further [6] - CEO John Suzuki highlighted the commitment to advancing the BKR 9000 series and expanding the customer base in law enforcement and public safety markets [6] Factors Driving Results - The improvement in gross margin was driven by strategic outsourcing, cost optimization, and a favorable product mix, particularly with the BKR 9000 [7] - Selling, general, and administrative expenses decreased by 10.1% to $5.2 million in Q3 2024 from $5.8 million in the prior-year quarter due to effective cost controls [7] Guidance Update - BK Technologies raised its full-year GAAP EPS target to exceed $1.65 per share, up from $1.50, and its non-GAAP EPS target to exceed $1.92, up from $1.77 [8] - Revenues for 2024 are expected to remain consistent with 2023 levels, driven by margin improvements [8] Other Developments - During the quarter, BK Technologies secured a $3.3 million order from the Florida Forest Service for the BKR 9000 radio, demonstrating the product's versatility [9] - The company implemented a streamlined final assembly process for the BKR 9000, enabling production scalability [9] - BK Technologies reported no acquisitions or divestitures during the quarter, but improved working capital and a strengthened balance sheet with no outstanding debt as of quarter-end [10]

Financial Data and Key Metrics Changes - The company achieved GAAP earnings per share of $0.67 for Q3 2024, with year-to-date earnings per share of $1.33, marking the fifth consecutive quarter of profitability [8][22] - Revenue for Q3 totaled approximately $20.2 million, consistent with $20.1 million for the same quarter last year, indicating stable revenue performance [20] - Gross profit margin improved to 38.8% in Q3 2024, compared to 31.9% in Q3 2023, surpassing the target margin level of 35% for 2024 [21] - Non-GAAP adjusted net income was $2.7 million, or an adjusted EPS of $0.75 per basic share, compared to $1.1 million or $0.33 per basic share in Q3 2023 [23] Business Line Data and Key Metrics Changes - The backlog at the end of Q3 2024 was strong at $27 million, supported by solid order activity for the BKR5000 and BKR9000 radios [9][18] - Significant orders included a $3.3 million order from the Florida Forest Service for the BKR9000, highlighting strong demand from state and local agencies [11][12] Market Data and Key Metrics Changes - The company noted strong order activity for the BKR9000 from both new and existing customers, particularly from state and local agencies [16][17] - The total market for radios in the US is approximately $2.3 billion, with 85% of radios falling into categories relevant to law enforcement and structured fire services [43] Company Strategy and Development Direction - The company is focused on accelerating the adoption of the BKR9000 and expanding market share, with a vision to achieve $100 million in revenue and 50% gross margins by 2025 [29][38] - The transition to East West manufacturing is expected to enhance gross margins and allow for a focus on new product development [10][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revised financial targets, raising GAAP EPS expectations to exceed $1.65 per share and non-GAAP EPS to $1.92 per share for the full year of 2024 [15][28] - The company anticipates continued margin improvement through 2024 and 2025, aiming for gross margins of 50% [13][35] Other Important Information - The company has no debt and reported approximately $4.2 million in cash and cash equivalents as of September 30, 2024, with working capital improving to approximately $22.7 million [25][26] - A new streamlined build-to-order final assembly process for the BKR9000 was implemented, expected to produce up to 20,000 radios per year at full capacity [20] Q&A Session Summary Question: Was the $3.3 million order included in the quarter-end backlog? - Yes, it was included in the backlog [31] Question: What is the typical seasonality of the business? - Q2 and Q3 are the strongest quarters for orders and revenues, while Q4 tends to be weaker due to federal budget cycles [32][34] Question: What is the trajectory for gross margins going into Q4 and 2025? - The company is targeting gross margins of 50% and expects continued improvements [35] Question: What are the market segments where the company is most optimistic for the BKR9000? - The company sees strong opportunities in law enforcement and structured fire services, which represent a large market segment [43][44] Question: What is the status of the BKR9500 development? - The BKR9500 is expected to be brought to market by 2027, with development risks considered low [49][51] Question: What is the source of deferred revenue on the balance sheet? - Deferred revenue primarily comes from extended warranties and is recognized under GAAP until the warranty period is exercised [52][53]