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BK Technologies Corporation - BKTI STOCK NEWS

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.

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.

Rhea-AI Summary
BK Technologies Corporation (NYSE American:BKTI) announced a strategic shift to an asset-light strategy by signing a manufacturing and supply agreement with East West Manufacturing, LLC. East West will become the exclusive manufacturer of BK's radio product line, with a $2,000,000 investment in the Company. This move is expected to improve working capital, reduce inventory, and lower production costs.
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BK Technologies Corporation (BKTI) Receives $315,000 DoD Purchase Order for BKR 9000 Multiband Radio
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BK Technologies Corporation has developed a new feature for tethering its InteropONE service, allowing users of the BKR 5000 and BKR 9000 radios to have push-to-talk-over-broadband capabilities. This feature enables users to connect their BKR radios with Apple or Android smartphones, allowing push-to-talk calls to be made or received on the radios using a smartphone's cellular or WiFi connection. The tethering service utilizes smartphone broadband technology advancements without adding complexity or cost to the radios.
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BK Technologies Corporation will host an investor conference call to discuss its operating results for the third quarter ended September 30, 2023. The call will take place on November 9, 2023, at 9:00 a.m. ET. Shareholders and interested parties can participate by dialing (888) 506-0062 or (973) 528-0011 for international participants. The call will also be webcasted on the company's website. An online archive of the webcast will be available for thirty days following the call.
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BK Technologies Corporation receives purchase order for BKR 9000 radios from Hawaii Department of Health
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BK Technologies to attend The ThinkEquity Conference in New York City
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BK Technologies Corporation receives purchase order valued at $963,000 from Sandoval County Office of Emergency Management for its BKR 9000 multiband radio.
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BK Technologies Corporation receives $3.4 million in purchase orders from the National Interagency Fire Center for BKR 5000 radios.
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BK Technologies receives $2.1 million purchase orders from the Bureau of Land Management for radio replacements and testing
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BK Technologies Corporation announces retirement of President Tim Vitou
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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