Table of Contents The Company's income tax provision is based on management's estimate of the effective tax rate for the full year. The tax provision (benefit) in any period will be affected by, among other things, permanent, as well as temporary, differences in the deductibility of certain items, changes in the valuation allowance related to net deferred tax assets, in addition to changes in tax legislation. As a result, the Company may experience significant fluctuations in the effective book tax rate (th ...

BK Technologies Corp. (NYSE:BKTI) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET Company Participants Jen Belodeau - IMS IR John Suzuki - CEO Scott Malmanger - CFO Conference Call Participants Matt Williams - Friess Associates Aaron Martin - AIGH Investment Partners Scott Weis - Semco Orin Hirschman - AIGH Investment Partners Operator Greetings. Welcome to the BK Technologies Second Quarter 2023 Conference Call. At this time all participants are in a listen-only mode. A question and answer sess ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q For the quarterly period ended June 30, 2023 Commission File Number: 001-32644 Nevada 83-4064262 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Registrant's telephone number, including area code: (321) 984-1414 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 ...

BK Technologies Corp. (NYSE:BKTI) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company Participants John Nesbett - IMS IR John Suzuki - CEO Scott Malmanger - CFO Conference Call Participants Orin Hirschman - AIGH Partners Scott Weis - Semco Capital Operator Good morning, ladies and gentlemen, and welcome to the BKTI First Quarter 2023 Earnings Call. This call is being recorded. [Operator Instructions] Following management’s remarks, the call will be open to questions. There is a slide presentation ...

BK TECHNOLOGIES CORPORATION Condensed Consolidated Balance Sheets (In thousands, except share data) | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|----------| | Accrued compensation and related taxes | 1,573 | 1,143 | | Accrued warranty expense | 669 | 591 | | Accrued other expenses and oth ...

Financial Data and Key Metrics Changes - In Q4 2022, the company reported sales of approximately $20.3 million, up from $12.8 million in the same quarter last year, indicating significant growth [72] - Gross profit margins decreased to 22% in Q4 2022 from 36% in the same quarter last year, primarily due to increased material and freight costs, along with a one-time inventory adjustment of $254,000 [8][9] - The company recorded a net loss of $961,000 or $0.06 per share in Q4 2022, compared to a net loss of $303,000 or $0.02 per share in the prior year [9] Business Line Data and Key Metrics Changes - The BKR 5000 radio saw strong demand, with a record shipment of 11,200 units in Q4 2022, more than double the amount shipped in Q3 2022 [3] - The company is targeting the shipment of 32,000 to 36,000 radio units in 2023, representing a growth of 25% to 40% compared to 2022 [4] Market Data and Key Metrics Changes - The addressable market for the InteropONE service is estimated to be around $150 million, assuming low single-digit market penetration [25] - The company has received its first order from a large public safety agency in a top 5 U.S. metropolitan market, indicating growing market interest [66] Company Strategy and Development Direction - The company aims to establish a strong presence in federal, state, and local public safety markets with the BKR 9000 and InteropONE [11] - The focus for 2023 includes maximizing production efficiency and targeting a gross margin of 35% for the full year [27][57] - The decision to suspend dividends was made to prioritize capital allocation towards organic growth, particularly for the BKR 5000, BKR 9000, and the SaaS division [26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2023 with strong backlog and bookings momentum, alongside the anticipated launch of the BKR 9000 [4] - The company expects margin improvement in Q1 2023 and throughout the year, driven by incremental product cost improvements [14][27] - Management highlighted the importance of the InteropONE service in improving first responder response times, which could save lives [7] Other Important Information - The company has approximately $1.9 million in cash and cash equivalents and only $329,000 in long-term debt, providing a solid liquidity position for growth [56] - The company added a second production line at its facility, significantly increasing manufacturing capacity [67] Q&A Session Summary Question: What does the gross margin say about the ability to raise prices? - Management indicated that while there is some ability to raise prices, many contracts were signed at earlier pricing levels, which are still being fulfilled [17][77] Question: When will sales of the BKR 9000 commence? - Sales of the BKR 9000 cannot begin until FCC authorization is received, which is expected shortly [18][68] Question: Does everyone need the InteropONE app for it to work? - The app is free to download, and users can join a talk group quickly through a text message link sent by a host agency [20][35][82]

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. [Operator I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated Filer ☒ Smaller reporting company ☒ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURS ...

| --- | --- | --- | |--------------------------------------|-----------------|-----------------| | | | | | | | | | SECOND QUARTER 2022 EARNINGS RESULTS | BK TECHNOLOGIES | | | NYSE American: BKTI | | August 11, 2022 | DISCLOSURES 2 2 Forward-Looking Statements This presentation contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company's operations, economic p ...

BK Technologies Corporation (NYSE:BKTI) Q2 2022 Earnings Conference Call August 11, 2022 9:00 AM ET Company Participants John Suzuki - Chief Executive Officer Scott Malmanger - Chief Financial Officer Conference Call Participants Aaron Martin - AIGH Investment Partners Orin Hirschman - AIGH Investment Partners Operator Good morning, ladies and gentlemen and welcome to the BK Technologies Corporation Conference Call for the Second Quarter 2022. This call is being recorded. [Operator Instructions] Following m ...