BK Technologies Corp BKTI
BK Technologies Corporation (NYSE American: BKTI) (together with its wholly owned subsidiaries, "BK," the "Company," "we" or "us") is a holding company that, through BK Technologies, Inc., its operating subsidiary, provides public safety grade communications products and services designed to make first responders safer and more efficient. All operating activities described herein are undertaken by our operating subsidiary.
In business for over 70 years, BK operates two key product group offerings: Radio and Solutions.
The Radio product group designs, manufactures and markets wireless communications products and related accessories consisting of two-way land mobile radios ("LMRs"). Two-way LMRs can be radios that are hand-held (portable) or installed in vehicles (mobile).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.1M | $76.6M | $74.1M | $51.0M | $45.4M | $44.1M | $40.1M | $49.4M | $39.4M | $50.7M |
| Cost of revenue | $44.1M | $47.5M | $51.9M | $41.1M | $29.1M | $26.1M | $24.4M | $29.4M | $29.8M | $180.0K |
| Gross profit | $42.0M | $29.1M | $22.2M | $9.8M | $16.3M | $18.0M | $15.7M | $20.0M | $9.6M | $50.5M |
| R&D | $10.6M | $7.8M | $9.3M | $9.6M | — | $7.9M | $9.8M | $7.8M | $5.0M | $4.1M |
| SG&A | $26.0M | $21.2M | $23.0M | $20.9M | $17.5M | $17.0M | $20.0M | $17.6M | $14.6M | $12.8M |
| Total operating expenses | — | $68.8M | $74.9M | $62.0M | $46.6M | $43.1M | $44.5M | $47.0M | $44.4M | $46.4M |
| Operating income | $16.0M | $7.8M | -$777.0K | -$11.1M | -$1.2M | $994.0K | -$4.4M | $2.4M | -$5.0M | $4.3M |
| Interest expense | $265.0K | $266.0K | $575.0K | $144.0K | $53.0K | $8.0K | — | — | — | — |
| Pre-tax income | $16.1M | $7.4M | -$2.2M | -$11.6M | -$1.5M | $197.0K | -$3.6M | -$472.0K | -$4.8M | $4.3M |
| Income tax | $2.6M | $984.0K | $54.0K | $0 | $187.0K | $3.0K | $987.0K | $277.0K | $1.8M | $1.6M |
| Net income | $13.5M | $8.4M | -$2.2M | -$11.6M | -$1.7M | $194.0K | -$2.6M | -$195.0K | -$3.6M | $2.7M |
| EPS, basic | 3.69 | 2.35 | -0.65 | — | -0.11 | 0.02 | -0.21 | -0.01 | -0.27 | 0.20 |
| EPS, diluted | 3.44 | 2.25 | -0.65 | — | -0.11 | 0.02 | -0.21 | -0.01 | -0.27 | 0.19 |
| Shares, diluted (wtd. avg.) | $3.9M | $3.7M | $3.4M | $16.9K | $14.9K | $12.6M | $12.7K | $13.5K | $13.6K | $13.8K |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $22.8M | $7.1M | $3.5M | $1.9M | $10.6M | $6.8M | $4.7M | $11.3M | $7.1M | $10.9M |
| Receivables | $7.2M | $7.3M | $7.9M | $10.6M | $8.2M | $6.5M | $4.0M | $5.7M | $5.5M | $3.4M |
| Inventory | $15.9M | $17.6M | $24.0M | $22.1M | $17.0M | $10.5M | $13.5M | $11.5M | $14.4M | $14.0M |
| Total current assets | $49.0M | $36.9M | $37.2M | $36.2M | $37.4M | $25.7M | $23.9M | $30.9M | $37.0M | $29.8M |
| Property, plant and equipment | $4.2M | $4.9M | $5.4M | $4.9M | $4.6M | $3.6M | $4.0M | $2.7M | $2.2M | $2.5M |
| Total assets | $63.8M | $51.5M | $49.4M | $48.8M | $50.4M | $38.6M | $37.9M | $39.2M | $42.8M | $42.5M |
| Accounts payable | $4.8M | $6.3M | $9.8M | $12.9M | $5.9M | $5.1M | $5.3M | $5.6M | $6.0M | $2.0M |
| Total current liabilities | $11.6M | $14.0M | $20.4M | $23.0M | $12.2M | $9.5M | $9.4M | $9.9M | $10.3M | $6.4M |
| Total liabilities | $19.1M | $21.7M | $28.1M | $28.7M | $17.8M | $15.0M | $14.7M | $11.5M | $10.8M | $6.8M |
| Retained earnings | -$2.3M | -$15.8M | -$24.2M | -$22.0M | -$8.8M | -$5.7M | -$1.2M | -$2.4M | -$5.5M | $240.0K |
| Total equity | $44.7M | $29.8M | $21.3M | $20.1M | $32.6M | $23.6M | $23.3M | $27.7M | $32.0M | $35.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $19.4M | $12.8M | $1.7M | -$9.0M | -$6.3M | $4.4M | -$2.5M | $5.3M | -$2.3M | $10.7M |
| Depreciation and amortisation | $1.8M | $1.7M | $1.6M | $1.4M | $1.4M | $1.3M | $1.2M | $868.0K | $808.0K | $748.0K |
| Stock-based compensation | — | — | $200.0K | $271.0K | $253.0K | $129 | $148.0K | $95.0K | $55.0K | $49.0K |
| Capital expenditure | $1.0M | $1.2M | $2.1M | $1.8M | $2.4M | $946.0K | $2.5M | $1.4M | $628.0K | $1.4M |
| Investing cash flow | -$3.1M | -$2.6M | -$2.1M | -$1.8M | -$2.3M | -$946.0K | -$2.5M | $3.2M | $2.0M | -$1.9M |
| Financing cash flow | -$595.0K | -$6.6M | $2.0M | $2.1M | $12.4M | -$1.3M | -$1.7M | -$4.4M | -$3.5M | -$2.6M |
| Dividends paid | — | — | $0 | $2.0M | $1.2M | — | — | — | — | — |
| Buybacks | $1.2M | $0 | $650.0K | — | $0 | $269.0K | $1.0M | $3.3M | $648.0K | $162.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-016248.
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