What is the market's earnings forecast for BK Technologies next quarter?

What guidance did BK Technologies's management provide for the next earnings period?

What is BK Technologies's latest dividend and current dividend yield?

What is BK Technologies's gross profit margin?

What is the revenue and EPS growth rate for BK Technologies year over year?

What were the key takeaways from BK Technologies's earnings call?

What does BK Technologies do and what are its main business segments?

What factors drove the changes in BK Technologies's revenue and profit?

- **Record Growth**: Q4 2025 revenue up 20% YoY to $21.5 million, with 50.4% gross margin and $4.7 million EBITDA. Full-year 2025 revenue +12.5% to $86.1 million.
- **Vision 2030 Ambitions**: Target $170 million revenue by 2030, 60% gross margin, and 35% EBITDA margin. 2026 guidance: $90 million+ revenue, 50%+ gross margin.
- **Product Pipeline**: BKR 9500 mobile radio on track for H1 2027 launch, expected to drive 2:1 handheld-to-mobile sales ratio.
- **Financial Strength**: $22.8 million cash balance, no debt. 2026 tax rate increase to 25% may impact EPS by ~$0.55.

**【CEO Summary Section】**
- **Q4 2025 Financial Highlights**: Revenue of $21.5 million (+20% YoY), driven by BKR 9000 radio adoption. Gross margin expanded to 50.4% (vs. 41.2% YoY), with adjusted EBITDA of $4.7 million (+78% YoY). Full-year 2025 revenue reached $86.1 million (+12.5% YoY), exceeding high-single-digit guidance.
- **Vision 2030 Goals**: Target $170 million revenue by 2030, 60% gross margin, and 35% EBITDA margin. 2026 guidance includes $90 million+ revenue, 50%+ gross margin, and non-GAAP EPS of $3.55.
- **Product Momentum**: BKR 9500 mobile radio set for H1 2027 launch, expected to complement BKR 9000 sales at a 2:1 ratio. 2025 BKR 9000 shipments tripled YoY.

**【CFO Financial Commentary】**
- **Q4 2025 Financials**: GAAP net income $4.2 million (EPS $1.12), non-GAAP EPS $1.17. Full-year 2025 GAAP EPS $3.69, non-GAAP EPS $4.32. Cash balance reached $22.8 million (vs. $7.1 million YoY), with no debt.
- **Cost Management**: SG&A expenses grew 23% YoY to $26 million, driven by marketing and R&D investments. Operating income doubled to $16 million (vs. $7.8 million YoY), with 18.6% operating margin.
- **Tax Impact**: 2026 effective tax rate expected at 25%, reducing EPS by ~$0.55 YoY.

**【Q&A Key Highlights】**
- **Sales Cycle & Market Share**: BKR 9000 adoption driven by new customers, no pushback reported. 2025 sales mix: 70% new customers, 30% replacements.
- **Capital Allocation**: Prioritize R&D, acquisitions in adjacent markets, and share buybacks (19,000 shares repurchased in Q4 2025).
- **Pricing Strategy**: Focus on market share growth before considering price hikes, given 3.5% current market share and 10%+ target.
- **BKR 9500 Development**: $2 million R&D expense for 2026, with ongoing engineering investment post-launch.

BK Technologies Corporation(BKTI)-20260312-2025 Q4 Earnings call transcript

- **Revenue Surges 21% YoY**: Q3 2025 revenue of $24.4 million, up 21%, fueled by federal orders and BKR 9000 sales.
- **Gross Margin Soars to 49.9%**: Tariff price hikes and higher-margin product mix drive 11.1ppt margin expansion vs. Q3 2024.
- **Net Income Up 46%**: $3.4 million net income, with non-GAAP EPS of $1.27, reflecting strong cost control.
- **Cash Position Strengthens**: $21.5 million cash, up from $7.1 million, enabling strategic investments.
- **Shutdown Mitigation Plan**: Federal order delays offset by state/local shipments, maintaining revenue guidance.
- **BKR 9000 Growth**: 2x-3x 2024 unit sales on track, driving long-term margin expansion.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $24.4 million, a 21% year-over-year increase, driven by $12.9 million in federal orders from the USDA Forest Service.
- **Gross Margin Expansion**: Improved to 49.9% (vs. 38.8% in Q3 2024), driven by higher-margin BKR 9000 multiband radio sales and tariff-related price hikes.
- **Profitability**: Net income rose 46% to $3.4 million, with non-GAAP EPS of $1.27. Full-year targets include high single-digit revenue growth, 47%+ gross margin, and GAAP EPS of $3.15.
- **Mitigation Strategy**: Federal government shutdown risk managed by holding shipments and redirecting inventory to state/local customers, maintaining revenue guidance.

**【CFO Financial Commentary】**
- **Financial Health**: Cash increased to $21.5 million (from $7.1 million at year-end 2024), with no debt, enabling strategic investments.
- **Cost Management**: SG&A expenses rose to $7.3 million (vs. $5.2 million in Q3 2024), driven by sales, marketing, and engineering investments.
- **Tax Adjustment**: $1.5 million provision for R&D tax credit adjustments under The Big Beautiful Bill impacted Q3 net income.
- **Liquidity**: Working capital improved to $33.8 million, up from $23 million at year-end 2024, supporting operational flexibility.

**【Q&A Highlights】**
- **Government Shutdown Impact**: Management confident in Q4 execution, with mitigation plan to fulfill state/local orders if federal shutdown persists.
- **Gross Margin Outlook**: Q3 gross margin of 49.9% reflects strong product mix; full-year target of 47%+ achievable despite potential federal order delays.
- **Cash Flow Efficiency**: Positive cash flow from operations exceeds adjusted EBITDA, with operating leverage driving profitability growth.
- **Long-Term Strategy**: Vision 2030 includes further margin expansion and potential M&A, details to be shared in Q4 2025 call.
- **BKR 9000 Momentum**: On track to ship 2x-3x 2024 units in 2025, with pricing stability and higher-margin sales driving growth.


BK Technologies Corporation (BKTI) Q3 2025 Earnings Call Transcript

- **Revenue Growth Accelerating**: Q2 2025 revenue up 4.5% YoY to $21.2M, with high single-digit full year growth expected. Gross margin target raised to 47%+.
- **Profitability Soars**: Non-GAAP EPS of $1.30 (vs $0.55 YoY), full year GAAP EPS guidance raised to $3.15 (from $2.40).
- **Federal Demand Surges**: $17.8M in July federal orders, including $12.9M from USDA Forest Service.
- **Product Momentum**: BKR 9000 shipments up 2-3x YoY; BKR 9500 mobile radio launch planned for 2027.
- **Tariff Clarity**: USMCA-covered products remain duty-free, supporting margin expansion.

**【CEO Summary Section】**
- **Revenue Growth**: Q2 2025 revenue of $21.2 million, up 4.5% YoY, with high single-digit growth expected for the full year. Updated gross margin target raised to 47%+ (previously 42%+). 
- **Profitability**: GAAP EPS of $0.96 (vs $0.47 YoY), Non-GAAP EPS of $1.30 (vs $0.55 YoY). Full year GAAP EPS guidance raised to $3.15 (from $2.40), Non-GAAP to $3.80 (from $2.80).
- **Product Success**: BKR 9000 radios seeing 2-3x YoY shipment growth. July federal orders totaled $17.8 million, including $12.9M from USDA Forest Service.
- **New Product Launches**: RelayONE (BK ONE family) received first purchase order from Larimer County Sheriff's Office. BKR 9500 mobile radio development on track for 2027 launch.

**【CFO Financial Commentary】**
- **Gross Margin**: 47.4% in Q2 (vs 37.3% YoY), driven by higher-margin BKR 9000 sales and manufacturing cost savings.
- **Expenses**: SG&A of $6M (vs $5.5M YoY), with increases in R&D ($2.3M vs $2M) and sales/marketing ($1.9M vs $1.7M).
- **Liquidity**: $11.9M cash on hand, no debt, and working capital improving to $28.9M.
- **Tax Rate**: Expect 25-26% federal/state rate in 2026 as NOLs expire.

**【Q&A Highlights】**
- **Gross Margin Drivers**: Tariff clarity (USMCA-covered products remain duty-free), higher BKR 9000 mix, and East-West manufacturing cost savings.
- **BKR 9000 Sales Cycle**: 6-18 months depending on agency size; small departments buying 2-3 radios at a time, larger agencies taking 2+ years to refresh fleets.
- **Federal Orders**: DOGE delays resolved; Q2 backlog of $16M reflects federal budget execution.
- **OpEx Outlook**: Continued investment in BKR 9500 development and sales/marketing to accelerate BKR 9000 adoption.


BK Technologies Corporation (BKTI) Q2 2025 Earnings Call Transcript

- **Revenue Resilience**: Q1 2025 revenue up 4.5% YoY to $19.1M, driven by 47% gross margin (vs. 34.5% in Q1 2024).
- **Profitability Milestone**: 7th consecutive quarter of profit, with net income tripling to $2.1M.
- **Tariff Risk Management**: 10% Vietnam tariffs in Q2, potential 25% Mexico tariffs in Q3; 95%+ production now tariff-free.
- **Growth Engine**: BKR 9000 revenue up sequentially, targeting 2-3x 2024 levels.
- **Cash Flow Strength**: $8.9M cash, no debt, with 2025 EPS targets >$2.40 (GAAP) and >$2.80 (Non-GAAP).

**【CEO Summary Section】**
- Q1 2025 revenue of $19.1 million, up 4.5% YoY and 6.3% sequentially, driven by higher-margin BKR 9000 sales.
- Gross margin improved to 47% (vs. 34.5% Q1 2024), aided by contract manufacturing shift and product mix.
- 7 consecutive quarters of profitability, with net income of $2.1M ($0.55/diluted) vs. $0.19/diluted in Q1 2024.
- 2025 targets: 42%+ gross margin, GAAP EPS >$2.40, Non-GAAP EPS >$2.80.
- Tariff risks: 10% Vietnam tariffs in Q2, potential 25% Mexico tariffs in Q3 if trade deal fails.
- BKR 9000 revenue up sequentially, expected to grow 2-3x 2024 levels.

**【CFO Financial Commentary】**
- Q1 2025: 
  - GAAP net income $2.1M, Non-GAAP adj. EPS $0.68 vs. $0.30 in Q1 2024.
  - Adjusted EBITDA $3.2M vs. $1.4M in Q1 2024.
  - Cash $8.9M, no debt, working capital $24.6M.
- SG&A $6M (up 13% YoY) due to marketing and R&D investments.
- Deferred tax assets mostly utilized; cash taxes ~20-25% of income.

**【Q&A Highlights】**
- Seasonality: Q1/Q4 typically lower due to federal budget cycle; Q2/Q3 fire season drives demand.
- Tariff impact: Vietnam tariffs reduce Q2 margin by ~1-2%, but USMCA tariff-free for Mexico products so far.
- BKR 9000 growth: Sequentially up in Q1, targeting 2-3x 2024 revenue.
- SG&A: Fixed costs with incremental R&D; long-term leverage expected.
- Federal orders: Continuing resolution delays in Q1, but funding approved; orders may be backloaded to Q2/Q3.

BK Technologies Corporation (BKTI) Q1 2025 Earnings Call Transcript

- **Record 2024 Performance**: Full year revenue $76.6M (+3.4% YoY), non-GAAP EPS $2.30 vs. $1.92 target. Q4 gross margin 41.2%, highest in company history.
- **BKR 9000 Dominance**: 35% of 2025 revenue from federal (down from 49%), state/local adoption driving 9000 sales. Price increases effective April 2025.
- **2025 Guidance**: Target GAAP EPS >$2.40, non-GAAP >$2.80. Gross margin >42% post price hikes, offsetting 25% tariffs.
- **Solutions Growth**: BK ONE solutions (e.g., LocateONE) diversifying revenue. Early 2025 focus on proving SaaS viability, with 2030 vision for solutions scale.
- **Balance Sheet Strength**: $7.1M cash, no debt, working capital $23M, supporting R&D and sales expansion.


**【CEO Summary Section】**
- **Q4 2024 Results**: Revenue of $17.9 million (+9.9% YoY), gross margin 41.2%, GAAP EPS $0.93 (incl. $0.37 one-time tax benefit). Non-GAAP EPS $0.61 vs. $0.20 YoY. Full year 2024 revenue $76.6 million (+3.4% YoY), gross margin 37.9%, surpassing targets of $74M and 35% margin. Non-GAAP EPS $2.30 vs. revised target of $1.92.
- **BKR 9000 Momentum**: Backlog $21.8M (+5.8M YoY), 35% 2025 revenue from federal vs. 49% in 2023. Price increases (5-10%) effective April 2025, with no demand pushback.
- **2025 Guidance**: Target single-digit revenue growth, 42%+ gross margin, GAAP EPS >$2.40, non-GAAP EPS >$2.80. Investments in sales, marketing, R&D, and new BKR 9500 mobile radio (2027 launch).
- **BK ONE Solutions**: Rebranded SaaS unit (InteropONE, LocateONE, RelayONE) to address public safety interoperability. Early adoption seen in wildland fire and state/local markets.

**【CFO Financial Commentary】**
- **Q4 2024 Financials**: GAAP net income $3.7M ($1.03 EPS), non-GAAP adj. EBITDA $2.8M. Full year 2024: GAAP net income $8.4M ($2.35 EPS), non-GAAP adj. EBITDA $10.4M. Cash $7.1M, no debt, working capital $23M.
- **Margin Expansion**: Gross margin up 6.1ppt YoY (35.1% to 41.2%), SG&A down 7.4% YoY ($23M to $21.2M). Tax rate expected 21-26% post one-time benefit.
- **Balance Sheet Strength**: Shareholders' equity $29.8M vs. $21.3M YoY, supporting growth initiatives.

**【Q&A Key Highlights】**
- **Order Activity**: Q1 2025 in line with expectations; federal funding delays pushed orders to Q2+. State/local BKR 9000 adoption strong.
- **Tariff Mitigation**: Price increases offsetting 25% tariffs; EastWest manufacturing flexibility for long-term solutions. Q2 2025 gross margin may dip below 42% before price hikes kick in.
- **SaaS Growth**: BK ONE solutions (e.g., LocateONE, RelayONE) diversifying revenue beyond InteropONE. Early 2025 focus on proving SaaS viability, with 2030 vision for solutions scale.
- **BKR 9000 Margins**: Base 60% gross margin, tariffs and price increases to be monitored. Higher price points offsetting cost pressures.
- **2025 Outlook**: Conservative guidance reflects macro uncertainty; potential updates as tariffs stabilize and price increases flow through.


Actual																-1.3	-0.7	0	-0.07	-0.39	0.03	0.19	0.3	0.55	0.71	0.61	0.68	1.3	1.27	1.17
Forecast																	-0.95	0.25								0.35	0.44	0.61	0.96	0.7
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+26.32%	-100.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+74.29%	+54.55%	+113.11%	+32.29%	+67.14%

Actual	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	12.11M	11.92M	20.34M	18.72M	19.00M	20.07M	16.31M	18.23M	20.30M	20.18M	17.90M	19.05M	21.16M	24.41M	21.51M
Forecast	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--	13.20M	18.15M	--	--	--	--	--	--	--	16.80M	17.00M	19.70M	22.10M	19.50M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.72%	+12.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+6.55%	+12.08%	+7.44%	+10.46%	+10.30%

BKTI

BKTI fundamentals

BKTI Q4 2025 Earnings

Earnings Call

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BKTI

BKTI fundamentals

BKTI Q4 2025 Earnings

Earnings Call

BKTI Earnings Call Summary for Q4/20259:00 AM on Mar 12, 2026

BKTI Earnings Call Summary for Q3/20259:00 AM on Nov 6, 2025

BKTI Earnings Call Summary for Q2/20259:00 AM on Aug 14, 2025

BKTI Earnings Call Summary for Q1/20259:00 AM on May 13, 2025

BKTI Earnings Call Summary for Q4/2024Invalid Date on Mar 27, 2025

You can ask Aime