BKTI
BK Technologies Corporation73.07
-2.11-2.81%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A clarifies cap alloc, pricing
Q&A shed light on BKR 9,000 traction, with expansion driven by new fire and law enforcement orders and zero customer pushback. Management outlined capital allocation priorities: first, portfolio investments; second, acquisitions boosting radio adoption; buybacks only if no better uses. Pricing stays flat to grab market share from 3.5% toward 10%, shifting later to hikes. R&D expenses persist post-9,500 launch for roadmap sustainment. A minor slide fix confirmed 2026 GAAP EPS at $3.15. Vision 2030 leans on 9,000 penetration over 9,500. Share gains matter most now.
Key Stats
Market Cap
272.82MP/E (TTM)
21.94Basic EPS (TTM)
3.33Dividend Yield
0%Recent Filings
8-K
BKTI smashes 2025 results
BK Technologies crushed 2025 targets, posting Q4 revenue up 20% to $21.5 million and full-year revenue up 12.5% to $86.1 million, with gross margins soaring to 48.8% from 37.9%. Cash hit a record $22.8 million on a debt-free balance sheet. BKR9500 FCC submission eyed for H2 2026. 2026 guidance: $90 million revenue, +50% margins, GAAP EPS over $3.15—yet expensing engineering costs trims EPS by $1.05.
10-K
FY2025 results
BK Technologies drove FY2025 sales to $86.1M, up 12.5% y/y from $76.6M, fueled by BKR9000 portable LMR demand from public safety agencies despite softer wildland fire orders. Gross margins leaped to 48.8% from 37.9%, thanks to manufacturing shift to East West and cost cuts, yielding $16.0M operating income versus $7.8M prior year—Q4 momentum sustained via healthy $14.2M backlog. Cash swelled to $22.8M on $19.4M operating flows; repurchased $1.2M shares under $5M program. No debt on $14M revolver. U.S. government reliance poses budget risk.
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.
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