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BK Technologies Corporation - BKTI STOCK NEWS

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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.

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BK Technologies (BKTI) will host an investor conference call on May 9, 2024, to discuss its first-quarter operating results. Shareholders can access the call through dial-in or webcast on the company's website. Financial and operating results for the first quarter ended March 31, 2024, will be released prior to the call.
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BK Technologies (BKTI) announces receiving two purchase orders from the United States Department of Agriculture Forest Service for 5,620 BKR 5000 radios. These orders are part of a five-year blanket purchase agreement with the USFS. The USFS has purchased over 22,000 radios since June 2021, transitioning from the KNG Portable Series. CEO John Suzuki highlights the reliability and performance of the BKR 5000 radio, with various state and federal agencies also adopting the technology.
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BK Technologies introduces BKRplay IntelliPTT tethering feature for its InteropONE service, enhancing push-to-talk-over-broadband capabilities between smartphones and BKR radios. The feature is powered by BK's patent-pending technology and will be available for beta testing in the second quarter of 2024.
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BK Technologies Corporation (BKTI) reports a 45% increase in full-year revenue to $74.1 million, with fourth-quarter EPS of $0.08. The company aims for a full-year 2024 EPS exceeding $1.50. CEO John Suzuki highlights revenue growth, gross margin improvement, and strategic partnerships driving positive results.
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BK Technologies Corporation (BKTI) executives to attend 36th Annual Roth Conference in California.
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BK Technologies Corporation (BKTI) secures a purchase order for 315 BKR 9000 multiband radios from Boulder County, Colorado, to upgrade 26 fire agencies, enabling standardization and cost savings. CEO John Suzuki highlights the benefits of the multiband radio for various fire missions, emphasizing the endorsement from Boulder County.
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BK Technologies Corporation (BKTI) will host an investor conference call to discuss its Q4 and year-end 2023 results on March 14, 2024. Shareholders can join via phone or webcast. Financial results will be released prior to the call.
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BK Technologies Corporation receives a purchase order for 87 BKR 9000 multiband radios from the Arkansas Department of Agriculture's Forestry Division. The radios are compatible with Arkansas's P25 system, allowing for enhanced efficiency and mission-critical operations. The CEO, John Suzuki, emphasizes the unique operational capabilities and reliability of the BKR 9000, validating its effectiveness in forestry and emergency response efforts.
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BK Technologies Corporation (NYSE American:BKTI) announced the election of Joshua S. Horowitz as Chairman of the Board of Directors. Mr. Horowitz brings over 22 years of investing experience and extensive public company board experience. He is a professional investor and portfolio manager with a background in the financial industry and has served on the boards of various public companies. Mr. Horowitz's appointment reflects the company's commitment to addressing growing and diverse end markets with its portable communication technologies and expertise.
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BK Technologies Corporation (NYSE American:BKTI) announced a 68% increase in third-quarter revenue to $20.1 million, a 32% gross margin, and earnings per share of $0.03. The company also achieved profitability and announced plans to shift to an asset-light model by outsourcing manufacturing to East West Manufacturing.
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FAQ

What is the current stock price of BK Technologies Corporation (BKTI)?

The current stock price of BK Technologies Corporation (BKTI) is $38.4 as of December 20, 2024.

What is the market cap of BK Technologies Corporation (BKTI)?

The market cap of BK Technologies Corporation (BKTI) is approximately 117.0M.

What does BK Technologies Corporation specialize in?

BK Technologies specializes in designing, manufacturing, and marketing high-specification communications equipment for public safety professionals and government agencies.

What are the primary product lines of BK Technologies?

BK Technologies' primary product lines include the BKR Series radios, such as the BKR 5000 and BKR 9000, which are known for their compliance with APCO Project 25 specifications.

How has BK Technologies performed financially in recent quarters?

In the third quarter of 2023, BK Technologies reported a 68% increase in revenue and a return to profitability, driven by strong demand for their BKR 5000 and BKR 9000 radios.

What recent advancements has BK Technologies made?

BK Technologies has introduced the BKRplay IntelliPTT feature, enabling push-to-talk-over-broadband capabilities between smartphones and BKR Series radios, enhancing first responder communication.

What is the significance of BK Technologies outsourcing manufacturing?

Outsourcing manufacturing to East West Manufacturing is expected to simplify BK Technologies' supply chain management, reduce production costs, and allow the company to focus on core competencies in development and marketing.

Who are some of BK Technologies' major clients?

BK Technologies' major clients include the National Interagency Incident Communications Division, the Bureau of Land Management, and various state agencies such as CAL FIRE and the USDA Forest Service.

Where is BK Technologies headquartered?

BK Technologies is headquartered in West Melbourne, Florida.

How can I contact BK Technologies?

You can contact BK Technologies through their website at www.bktechnologies.com or directly at 1-800-821-2900.

What is the stock symbol for BK Technologies?

BK Technologies trades on the NYSE American market under the symbol BKTI.

What are the future plans for BK Technologies?

BK Technologies plans to continue driving growth through new product development, such as the BKR 9500 multiband mobile radio, and improving operational efficiency through their strategic outsourcing partnership.

BK Technologies Corporation

NYSE:BKTI

BKTI Rankings

BKTI Stock Data

117.00M
2.75M
17.11%
36.25%
0.28%
Communication Equipment
Radio & Tv Broadcasting & Communications Equipment
Link
United States of America
WEST MELBOURNE