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BK Technologies Corporation (NYSE American: BKTI) is a distinguished leader in the public safety communications industry, catering to the needs of government agencies and public safety professionals worldwide. Headquartered in West Melbourne, Florida, the company specializes in the design, manufacturing, and marketing of high-specification communications equipment known for their exceptional reliability and value.
BK Technologies operates through two primary business units: the Radio business unit, which focuses on two-way land mobile radios (LMRs) for government and public safety markets, as well as industrial and commercial enterprises; and the SaaS business unit, which enhances first responders' safety and efficiency through innovative public safety smartphone applications.
The company’s product portfolio includes the BKR Series, featuring the BKR 5000 and BKR 9000 multiband radios, known for their compliance with APCO Project 25 specifications. These radios are utilized globally under the BK Radio and Relm brand names, supporting lifecycle upgrades and critical operations for various public safety agencies.
Recently, BK Technologies has experienced significant growth, as evidenced by their financial results for the third quarter of 2023, which saw a 68% increase in revenue and a return to profitability. The company has secured major purchase orders from prominent agencies such as the National Interagency Incident Communications Division and the Bureau of Land Management, reinforcing the demand and trust in their products.
In addition to their robust product lineup, BK Technologies continues to innovate with the introduction of the BKRplay IntelliPTT feature, which enables push-to-talk-over-broadband capabilities between smartphones and BKR Series radios. This advancement is set to enhance the operational capabilities of first responders significantly.
The company’s strategic move to outsource manufacturing to East West Manufacturing aims to simplify supply chain management, reduce production costs, and focus on core competencies in development and marketing. This transition is expected to improve gross margins and ensure uninterrupted production and shipping.
BK Technologies remains committed to serving public safety professionals with superior communications solutions. Their dedication to innovation, quality, and reliability continues to drive their growth and market presence.
For more information, visit their website at www.bktechnologies.com or contact them at 1-800-821-2900.
BK Technologies Corporation (NYSE American: BKTI) announced securing new business from a Virginia municipal fire department for its BKR 5000 Digital P-25 portable communication technology and KNG mobile communications solutions. BK President Tim Vitou expressed satisfaction with the growing adoption of the KNG Series, indicating its adaptability to first responders' needs. The BKR 5000 offers customizable options tailored to mission-critical requirements and is expected to enhance BK's market presence and growth potential.
BK Technologies Corporation (BKTI) announced a new order from a Texas county fire department for its BKR 5000 Digital P-25 portable communications technology. This advanced system features Bluetooth, GPS, and a rugged design suitable for severe weather conditions. The new communications technology aims to enhance public safety operations. BK’s President highlighted the importance of providing reliable equipment to firefighters during increasing turbulent weather events. The BKR 5000 is positioned to expand BK's market presence in critical verticals.
BK Technologies Corporation (NYSE American: BKTI) announced a new order for its BKR 5000 portable communications technology from a municipality in Montana. This model marks the beginning of a new line incorporating multi-band products designed for public safety communications. The BKR 5000 comes in three tiers, ensuring flexibility for mission-critical needs, and is supported by various accessories. The company aims to leverage this momentum to expand into new vertical markets, enhancing growth and market share.
BK Technologies Corporation (BKTI) has declared a quarterly dividend of $0.02 per share, marking the nineteenth consecutive dividend. The dividend will be payable on January 19, 2021, to stockholders of record as of the close of business on January 4, 2021. Chairman John Struble expressed satisfaction in continuing the Company's capital return program. BK Technologies specializes in manufacturing reliable communications equipment for public safety professionals and maintains its headquarters in West Melbourne, Florida.
BK Technologies reported its financial results for Q3 and nine months ending September 30, 2020, highlighting an 8% revenue growth to approximately $12.8 million. Operating income surged by 253% to around $1 million, reflecting successful restructuring and cost reductions. The company launched the BKR 5000 radio with significant orders, including a $4.2 million contract from the Department of Energy. Despite a net loss of approximately $817,000 for nine months, working capital improved slightly to $14.4 million.
BK Technologies Corporation (NYSE American: BKTI) will host a conference call on November 12, 2020, at 9:00 a.m. EST to discuss its operating results for the third quarter and nine months ended September 30, 2020. The financial results will be released post-market on November 11, 2020. Participants can join by dialing 844-602-0380 or via webcast at www.bktechnologies.com. An archive will be available for 30 days following the call. BK Technologies focuses on high-quality communications equipment for public safety.
BK Technologies Corporation (NYSE American: BKTI) announced a $1.5 million order from a U.S. Department of the Interior agency for its Digital P-25 KNG2-Series portable radios and KNG Series mobile radios. This order is scheduled for fulfillment in Q4 2020. President Tim Vitou noted the long-term relationship with the DoI, emphasizing trust in BK's products. The KNG2-Series radios, essential for wildland firefighting, boast features such as long battery life and radio-to-radio programming. The company eyes future market expansion with the upcoming BKR product lines.
BK Technologies Corporation (NYSE American: BKTI) announced a significant $1.1 million order from a Tennessee state agency for its newly launched BKR 5000 Digital P-25 portable radio. This marks the first order of this model, which was launched just one month ago. The BKR 5000, designed for public safety communications, includes advanced features like Bluetooth and GPS, and is expected to enhance BKTI's growth in new vertical markets. The fulfillment is anticipated in the fourth quarter of 2020.
BK Technologies Corporation (BKTI) has declared a quarterly dividend of $0.02 per share, set to be paid on October 19, 2020, to shareholders on record as of October 5, 2020. This announcement marks the company's eighteenth consecutive quarterly dividend, reflecting its commitment to returning capital to shareholders. The company operates in the public safety communications sector, providing reliable communication equipment for government agencies and public safety professionals.
BK Technologies Corporation (NYSE American: BKTI) has launched the BKR 5000, a portable radio designed for public safety communications. This radio is part of the new BKR Series and supports APCO Project 25. The BKR 5000 offers customizable features such as Bluetooth, GPS, and a rugged IP68 design. Its user-friendly interface and ergonomic design cater to first responders' needs. The introduction of this product is anticipated to open new vertical markets and enhance BKTI's market share.
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