Core Viewpoint - BK Technologies Corporation reported significant improvements in both earnings and revenues for the second quarter of 2024, indicating a positive trend in financial performance and market demand for its products [1][2][10]. Financial Performance - Adjusted earnings per share (EPS) reached 55 cents, a turnaround from a loss of 25 cents in the same period last year [1] - GAAP EPS was 47 cents compared to a loss of 39 cents in the prior year [1] - Net income for the quarter was $1.7 million, recovering from a net loss of $1.3 million a year ago [7] - Operating income totaled $2 million, contrasting with an operating loss of $0.8 million in the previous year [7] - Adjusted EBITDA was a profit of $2.5 million, compared to a loss of $0.8 million in the same quarter last year [7] Revenue Details - Revenues amounted to $20.3 million, reflecting a year-over-year increase of 6.6% [2] - The revenue growth was primarily driven by shipments of BKR 9000 radio products and increased sales of radio accessories [2] Order Backlog - The order backlog stood at $26.9 million as of June 30, 2024, up from $24 million a year earlier, indicating growing market demand [3] - A significant purchase order from CalFire exceeded $15 million for various radio products, highlighting strong customer interest [3] Gross Margin and Operating Expenses - Gross profit margin improved to 37.3%, up from 27.4% in the previous year, attributed to cost-reduction initiatives [5] - Selling, general, and administrative expenses decreased by 7.8% to $5.5 million [6] Liquidity and Cash Flow - Cash and cash equivalents at the end of the second quarter were $2.9 million, down from $3.3 million at the end of the first quarter [8] - Cumulative net cash provided by operating activities was $2.9 million, an increase from $1.5 million a year ago [8] Guidance - Management has projected an adjusted EPS of $1.77 for the year 2024, indicating optimism for continued growth [9] Overall Assessment - The company demonstrated strong financial results with encouraging top-line and bottom-line performance, supported by robust purchase orders and a positive outlook for future earnings [10]

EX-99.1 2 bkti_ex991.htm PRESS RELEASE EXHIBIT 99.1 Second Quarter 2024 Financial and Operational Update BK Technologies Announces Second Quarter 2024 Results Second Quarter GAAP EPS of $0.47 Reiterates Target of Full Year 2024 GAAP EPS to exceed $1.50 WEST MELBOURNE, FL August 8, 2024 / 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, 2024. The Company will host a confere ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-32644 BK Technologies Corporation (Exact name of registrant as specified in its charter) | --- | --- | --- | |--------- ...

BKTI Technologies Corporation (NYSE:BKTI) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants John Nesbett - IMS Investor Relations John Suzuki - Chief Executive Officer Scott Malmanger - Chief Financial Officer Conference Call Participants Aaron Martin - AIGH Investment Partners Jon Old - Long Meadow Investors LLC Operator Good morning, ladies and gentlemen, and welcome to the BK Technologies Corporation Conference Call for the First Quarter 2024. This call is being recorded. All p ...

EX-99.1 2 bkti_ex991.htm PRESS RELEASE EXHIBIT 99.1 BK Technologies Announces First Quarter 2024 Results First Quarter EPS of $0.19 Adjusted EBITDA of $1.4 Million WEST MELBOURNE, FL May 9, 2024 / BK Technologies Corporation (NYSE American: BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the first quarter ended March 31, 2024. The Company will host a conference call today, May 9, 2024, at 9:00 a.m. Eastern Time. John Suzuki, CEO of BK Technologies commented, "Our ...

Exhibit Index 29 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☐ Nevada 83-4064262 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value $0.60 per share BKTI NYSE American FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO S ...

BK Technologies Corp (NYSE:BKTI) Q4 2023 Results Conference Call March 14, 2024 9:00 AM ET Company Participants John Nesbett - IMS Investor Relations John Suzuki - Chief Executive Officer Scott Malmanger - Chief Financial Officer Conference Call Participants Brett Reiss - Janney Montgomery Scott Aaron Martin - AIGH Investment Partners Operator Good morning, ladies and gentlemen, and welcome to the BK Technologies Corporation Conference Call for the Fourth Quarter and Full Year 2023. This call is being recor ...

WEST MELBOURNE, FL March 14, 2024 / BK Technologies Corporation (NYSE American: BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the fourth quarter and year ended December 31, 2023. The Company will host a conference call today, March 14, 2024, at 9:00 a.m. Eastern Time. Revenue decreased 20% to $16.3 million, compared with $20.3 million for the fourth quarter of 2022 primarily due to record radio unit shipments in the fourth quarter of 2022, as a result of improv ...

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☐ For the fiscal year ended December 31, 2023 Commission file number: 001-32644 Registrant's telephone number, including area code: (321) 984-1414 Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 1 ...

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 Q ...