Welcome to our dedicated page for BK Technologies Corporation news (Ticker: $BKTI), a resource for investors and traders seeking the latest updates and insights on BK Technologies Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BK Technologies Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BK Technologies Corporation's position in the market.
BK Technologies (NYSE American:BKTI) announced first quarter 2024 results with an EPS of $0.19 and adjusted EBITDA of $1.4 million. Revenue was $18.2 million, essentially consistent with the previous year but up 12% sequentially. The company saw a decrease in gross profit margin, reduced inventory by $1.4 million, transferred production to East West Manufacturing, and introduced a new product development program for the BKR 9500 multiband mobile radio. Operating income improved, and net income was positive compared to a loss in the previous year. Non-GAAP Adjusted EBITDA was $1.4 million. The company is confident in achieving its full-year target of $1.50 per share.
