BK Technologies Engages Hayden IR to Launch Comprehensive Investor Relations Program

Rhea-AI Summary

BK Technologies (NYSE American: BKTI) announced its engagement with Hayden IR to implement a new investor relations program. This move follows BK's revenue increase to over $40 million, up from less than $30 million in recent years. Chairman John Struble emphasized a commitment to organic growth and pursuing strategic M&A. President Tim Vitou highlighted a 25% reduction in operating expenses, saving approximately $3.3 million in Q2. The company is also set to launch the new BKR product line in late 2020, aligning with its goal of enhancing shareholder value.

Positive

• Revenue increased to over $40 million, up from less than $30 million in recent years.
• 25% reduction in operating expenses, equating to a savings of approximately $3.3 million in Q2.
• Launch of the new BKR product line anticipated for the second half of 2020.

Negative

• None.

WEST MELBOURNE, FL / ACCESSWIRE / August 12, 2020 / BK Technologies Corporation (NYSE American:BKTI), a holding company with an operating subsidiary that designs, manufactures and markets two-way radio communications equipment for public safety applications, today announced it has engaged Hayden IR, a highly recognized, national investor relations firm, to launch a comprehensive investor relations program.

John Struble, BK's Chairman of the Board commented, "We are focusing our attention on positioning BK as a growth company in the public safety markets. While we have grown revenue to over $40 million from less than $30 million only a few years ago, we are committed to pursuing further organic revenue growth while expanding our focus on strategic M&A opportunities outside of BK."

Tim Vitou, BK's President, commented "Over the past year, we have strengthened our finances and positioned BK Technologies for profitable growth. In Q2 alone we reported a reduction in total operating expenses by almost 25%; a savings of approximately $3.3 million. Furthermore, we recently completed the design of the first model in our new BKR family of products, which we anticipate will be available for sale during the second half of 2020. We believe it is an appropriate time to retain a national investor relations firm, to fully capitalize on these important milestones."

With offices in New York, Phoenix, Minneapolis, and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than two decades, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 150 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence, and corporate identity.

James Carbonara, Partner of Hayden IR, commented, "BK Technologies represents an enduring, compelling, and scalable opportunity. They have been a leading nationwide provider of reliable public safety two-way radios for over 70 years. With new products launching, an overhauled and more efficient expense structure, and on the cusp of profitability, BK Technologies is poised to generate substantial shareholder value. Now is the time for a broader investor audience to take notice. The team at Hayden IR looks forward to significantly raising the visibility of this timely opportunity, with the professional investment community."

About BK Technologies
BK Technologies Corporation is an American holding company deeply rooted in the public safety communications industry, with its operating subsidiary manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve our public safety heroes with reliable equipment when every moment counts. The Company's common stock trades on the NYSE American market under the symbol "BKTI". Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.

Company Contact:
Hayden IR
James Carbonara
james@haydenir.com
(646)-755-7412

SOURCE: BK Technologies Corporation

View source version on accesswire.com:
https://www.accesswire.com/601471/BK-Technologies-Engages-Hayden-IR-to-Launch-Comprehensive-Investor-Relations-Program

FAQ

What is BK Technologies' revenue growth?

BK Technologies reported revenue growth to over $40 million from less than $30 million in recent years.

How much has BK Technologies reduced its operating expenses?

BK Technologies achieved a 25% reduction in operating expenses, saving approximately $3.3 million in Q2.

What new products is BK Technologies launching?

BK Technologies is set to launch the new BKR product line in the second half of 2020.

Who is BK Technologies working with for investor relations?

BK Technologies has engaged Hayden IR to launch a comprehensive investor relations program.