BKTI
BK Technologies Corporation73.07
-2.11-2.81%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Shutdown mitigated by order pivot
Q&A eased federal shutdown worries, detailing a pivot to state/local orders if delays drag on—backlog mostly non-federal at 25-35% federal exposure. Management reaffirmed FY guidance despite friction, noting YTD gross margins hit 48.2% with Q4 stability expected and long-term upside via Vision 2030. Cash conversion remains favorable, no working capital drag foreseen. M&A and cap alloc details deferred to March. Backlog skews heavily state and local. Tone stayed bullish; watch Q4 shipments.
Key Stats
Market Cap
272.82MP/E (TTM)
21.94Basic EPS (TTM)
3.33Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
BK Technologies posted Q3 sales of $24.4M, up 21% y/y from $20.2M, with gross margin surging to 49.9% from 38.8% on better product mix and manufacturing efficiencies at East West. Operating income hit $4.8M, more than doubling y/y, while diluted EPS climbed to $0.87 from $0.63 amid dilution from options and RSUs. YTD sales rose 10% to $64.6M, operating income tripled to $11.8M, and EPS reached $2.38; cash swelled to $21.5M on $16.4M operating cash flow (FCF $13.9M derived), no debt drawn on $14M revolver. Cash fuels growth. Yet tariffs threaten costs.
8-K
Q3 revenue jumps 21%
BK Technologies posted Q3 revenue up 21% to $24.4M, net income rising 46% to $3.4M, with gross margin surging to 49.9% from 38.8% on BKR 9000 traction and $12.9M USDA Forest Service orders. Debt-free, cash hit record $21.5M. Reiterating full-year high single-digit growth, 47%+ margins, $3.15 GAAP EPS.
8-K
Credit facility amended, expanded
BK Technologies amended its $6.0 million revolving credit facility with Fifth Third Bank on October 30, 2025, scrapping the borrowing base for full access, expanding potential capacity to $14.0 million via accordion, and stretching maturity to October 30, 2028. Interest floats at SOFR plus 1.75%-2.25% tied to debt ratios, but requires zero balance for 30 straight days yearly. RELM Communications shed its guarantor role. Flexibility boosted, cleanup enforced.
8-K
Cyber incident contained swiftly
BK Technologies detected suspicious IT activity on September 20, 2025, prompting an investigation with external advisors that isolated affected systems and removed the intruder. Minor disruptions hit non-critical areas, but operations continued uninterrupted, with potential access to employee records by an unauthorized party. Insurance should cover most remediation costs. The incident won't materially affect finances. Risks linger from ongoing probes.
10-Q
Q2 FY2025 results
BK Technologies posted solid Q2 results, with net sales climbing 4.5% year-over-year to $21.2 million, driven by BKR series radio shipments and accessories, while gross margins surged to 47.4% from 37.3% thanks to better product mix and manufacturing efficiencies from the East West transition. Operating income doubled to $4.0 million, and diluted EPS hit $0.96, up from $0.47, with dilution from options and warrants adding 247K shares. Cash swelled to $11.9 million on $6.0 million operating cash flow, minus $1.5 million capex for a $4.5 million free cash flow (derived); the $6 million revolver remains untapped, bolstering liquidity. Backlog dipped to $16.0 million amid federal delays, yet demand holds firm. Tariffs on imported components pose supply chain risks.
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