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BK Technologies Corp - BKTI STOCK NEWS

Welcome to our dedicated news page for BK Technologies (Ticker: BKTI), a resource for investors and traders seeking the latest updates and insights on BK Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BK Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BK Technologies's position in the market.

News
BK Technologies Receives Two Purchase Orders from USDA Forest Service for a Total of 5,620 BKR 5000 Radios
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
none
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News
BK Technologies Unveils BKRplay IntelliPTT Feature Enabling Push-To-Talk-Over Broadband Capabilities for BKR 5000 and BKR 9000 Customers
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.8%
Tags
none
-
News
BK Technologies Announces Fourth Quarter and Year End 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.52%
Tags
none
News
BK Technologies To Attend 36th Annual Roth Conference
Rhea-AI Summary
BK Technologies Corporation (BKTI) executives to attend 36th Annual Roth Conference in California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
conferences
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News
BK Technologies Receives Purchase Order for BKR 9000 Radios from Boulder County, Colorado
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
none
-
News
BK Technologies to Host Fourth Quarter and Full Year 2023 Conference Call on Thursday, March 14, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
conferences
News
BK Technologies Receives Purchase Order for BKR 9000 Radios from the Arkansas Department of Agriculture Forestry Division
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
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News
Joshua S. Horowitz Elected Chairman of the Board of Directors of BK Technologies
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
management
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News
BK Technologies Announces Third Quarter 2023 Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.96%
Tags
earnings
News
BK Technologies Signs Transformational Agreement with East West Manufacturing
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.26%
Tags
none
Stock BKTI logo
BK Technologies Corp

NYSE:BKTI

BKTI Rankings

#4736 Ranked by Market Cap
#2208 Ranked by Stock Gains
N/A Ranked by Dividends

BKTI Stock Data

49.40M
11.24M
17.24%
40.75%
0.04%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States
West Melbourne

About BKTI

bk technologies is deeply rooted in the public safety communications industry and manufactures high specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. advances include a broad new line of leading digital two way radios compliant with apco project 25 specifications. bk technologies’ products are manufactured and distributed worldwide under bk radio and relm brand names. the company maintains its headquarters in west melbourne, florida and can be contacted through its web site at www.relm.com or directly at 1 800 821 2900. the company’s common stock trades on the nyse mkt market under the symbol “rwc”.