Sales Performance - For Q3 2019, sales decreased by 11.3% to approximately $11.8 million compared to $13.3 million in Q3 2018[89] - For the nine months ended September 30, 2019, sales totaled approximately $32.7 million, down 15.4% from $38.7 million in the same period last year[89] - The company anticipates sales growth and the expected production and sale of new products to favorably impact overall gross profit margins in the future[102] - The sales funnel includes potential new customers in federal, state, and local public safety agencies, with strengthened sales and marketing resources[99] Profitability - Gross profit margin for Q3 2019 improved to approximately 43.3%, compared to 41.1% in Q3 2018[90] - For the nine-month period ended September 30, 2019, gross profit margin was approximately 40.4%, down from 41.8% in the same period last year[90] - The company recognized operating income of approximately $295,000 in Q3 2019, compared to $878,000 in Q3 2018[91] - Operating income for Q3 2019 was approximately $295,000, or 2.5% of sales, down from $878,000, or 6.6% of sales in Q3 2018[111] - Net income for Q3 2019 was approximately $238,000 ($0.02 per share), down from $650,000 ($0.05 per share) in Q3 2018[94] - The company recorded a net loss of approximately $1.3 million for the nine months ended September 30, 2019, compared to net income of approximately $1.2 million for the same period last year[122] Expenses - SG&A expenses for Q3 2019 totaled approximately $4.8 million, representing 40.8% of sales, a decline of 15.3% from the previous quarter[91] - SG&A expenses for Q3 2019 totaled approximately $4.8 million, or 40.8% of sales, compared to $4.6 million, or 34.5% of sales in Q3 2018[105] - Engineering and product development expenses for Q3 2019 were approximately $2.4 million, representing 20.1% of total sales, up from $2.1 million, or 15.9% of total sales in Q3 2018[106] - Marketing and selling expenses for Q3 2019 were approximately $1.4 million, or 11.5% of sales, unchanged from the same quarter last year[109] - General and administrative expenses for Q3 2019 totaled approximately $1.1 million, or 9.1% of total sales, compared to $1.1 million, or 8.3% of total sales in Q3 2018[110] Cash Flow and Working Capital - As of September 30, 2019, working capital totaled approximately $17.1 million, down from $21.0 million as of December 31, 2018[95] - Cash provided by operating activities for the nine months ended September 30, 2019, totaled approximately $1.0 million, down from $2.6 million for the same period last year[121] - As of September 30, 2019, the company's cash and cash equivalents balance was approximately $8.8 million, which is expected to meet working capital requirements for the foreseeable future[131] Investments and Future Products - The company recognized an unrealized loss of approximately $258,000 on its investment in 1347 Property Insurance Holdings, Inc. for Q3 2019, compared to a loss of $191,000 in Q3 2018[113] - The company anticipates introducing a new multi-band product in the market in the second half of 2020, following design changes aimed at improving functionality and performance[107] Accounting Policies - No changes were made to critical accounting policies during the quarter ended September 30, 2019[133]

Financial Performance - For Q2 2019, net sales totaled approximately $13.3 million, a decrease of 2.7% compared to $13.7 million in Q2 2018[47] - Sales for the six months ended June 30, 2019, were approximately $20.9 million, down 17.6% from $25.4 million in the same period last year[44] - Net loss for Q2 2019 was approximately $247,000 ($0.02 per share), compared to net income of approximately $947,000 ($0.07 per share) in Q2 2018[46] - The company recorded a net loss of approximately $1.6 million for the six months ended June 30, 2019, compared to net income of approximately $503,000 for the same period last year[57] Profitability Metrics - Gross profit margin for Q2 2019 was approximately 42.9%, slightly down from 43.1% in Q2 2018, but improved from 31.9% in Q1 2019[49] - For the six-month period ended June 30, 2019, gross profit margin decreased to 38.9% from 42.2% in the same period last year[44] - Operating income for Q2 2019 was approximately $20,000, or 0.2% of sales, down from $1.3 million, or 9.7% of sales in Q2 2018[52] Expenses - Selling, general and administrative expenses for Q2 2019 were approximately $5.7 million, representing 42.7% of sales, compared to $4.6 million (33.3% of sales) in Q2 2018[44] - Engineering and product development expenses for Q2 2019 exceeded those of the comparable period last year, indicating increased investment in new product development[44] - Engineering and product development expenses for Q2 2019 totaled approximately $3.1 million, or 23.3% of total sales, compared to $1.9 million, or 13.8% of total sales in Q2 2018[50] - General and administrative expenses for Q2 2019 were approximately $1.3 million, or 9.8% of total sales, up from $1.0 million, or 7.5% of total sales in Q2 2018[50] Cash Flow and Working Capital - For the six months ended June 30, 2019, net cash used in operating activities was approximately $1.3 million, compared to cash provided of approximately $0.7 million in the same period last year[57] - As of June 30, 2019, working capital totaled approximately $17.1 million, down from approximately $21.0 million as of December 31, 2018[46] - As of June 30, 2019, the company had a cash and cash equivalents balance of approximately $7.4 million[59] Other Financial Information - The company recognized an unrealized loss of approximately $148,000 on its investment in 1347 Property Insurance Holdings, Inc. for Q2 2019[53] - The Credit Facility provides a maximum borrowing availability of $1.0 million, with no outstanding borrowings as of June 30, 2019[59] - The company expects its effective tax rate for 2019 to be comparable to last year, with net deferred tax assets totaling approximately $3.7 million as of June 30, 2019[54] - The company experienced a 73.9% increase in sales from Q1 2019 to Q2 2019, attributed to improved orders from federal government customers[47]

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 March 31, 2019 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) Nevada 83-4064262 (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————— FORM 10-K ——————— ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ ——————— BK TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) ——————— Nevada 001-32644 59-3486297 (State or ot ...