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

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

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

Did BK Technologies beat or miss consensus estimates last quarter?

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

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

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

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

- **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

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

BKTI

BKTI fundamentals

You can ask Aime