BK Technologies Reports Third Quarter of Fiscal Year 2026 Results
The company expects disrupted BKR 9000 shipments to shift into 2027 rather than become lost business.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
BK Technologies (NYSE American: BKTI) reported third-quarter 2026 revenue of $25.3 million, with growth driven by federal orders. Revenue rose 3.6% year over year, gross margin reached 50.7%, and net income increased to $3.7 million, or $0.93 per diluted share. Operating income declined to $4.4 million from $4.8 million. Quarter-end cash was $29.2 million, with no debt.
An October 8 roof collapse temporarily disrupted BKR 9000 production. The company expects affected shipments to move into 2027 and production to normalize during the first quarter. Its revised 2026 outlook calls for approximately $85 million in revenue, $2.40 GAAP diluted earnings per share and $3.15 adjusted diluted earnings per share, retaining a gross margin target of at least 50%. The board doubled the buyback authorization to $10 million. BKR 9500 mass production remains targeted for March 2027.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter revenue rose 3.6% to $25.3 million from $24.4 million a year earlier.
- Moderate pointThird-quarter net income rose to $3.7 million from $3.4 million; diluted EPS increased to $0.93 from $0.87.
- Moderate pointShare repurchase authorization doubled to $10 million, with approximately $8.4 million available. 3.8% of market cap
- Moderate pointTrailing-twelve-month non-GAAP after-tax free cash flow totaled $18.9 million.
- Moderate pointTango Tango investment of $3.0 million through a convertible note creates a two-way commercial channel for BK radios. 1.1% of market cap
10 minor points
- Minor pointThird-quarter gross margin increased to 50.7% from 49.9% a year earlier.
- Minor pointQuarter-end cash totaled $29.2 million, with no debt.
- Minor pointNine-month revenue increased 8.3% to $70.0 million from $64.6 million a year earlier.
- Minor pointNine-month gross margin expanded 320 basis points to 51.4% from 48.2% a year earlier.
- Minor pointNine-month net income rose to $9.7 million from $9.3 million; diluted EPS increased to $2.39 from $2.38.
- Minor pointWorking capital rose to $48.8 million at September 30, 2026, from $37.3 million at year-end 2025.
- Minor pointU.S. Forest Service took delivery of 3,000 BKR 5000 Orange radios and adopted the model as its standard.
- Minor pointEl Paso distribution center commenced customer shipments during the quarter, expanding distribution capacity.
- Minor point. Forward-looking: it has not happened yet and may not happen.BKR 9500 development remains on track for mass production by March 2027, the company expects.
- Minor point. Forward-looking: it has not happened yet and may not happen.Full-year 2026 gross margin target remains at least 50%.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.BKR 9000 shipment delays are expected to extend into 2027, with normal production expected during the first quarter.
- Moderate pointThird-quarter operating income fell to $4.4 million from $4.8 million; operating margin declined to 17.5% from 19.8%.
- Moderate pointThird-quarter selling, general and administrative expenses increased to $8.4 million from $7.3 million a year earlier.
- Minor pointThird-quarter adjusted earnings fell to $4.7 million from $4.9 million; adjusted diluted EPS declined to $1.16 from $1.24.
- Minor pointThird-quarter adjusted EBITDA fell to $5.2 million from $5.3 million; its margin decreased to 20.5% from 21.5%.
5 minor points
- Minor pointNine-month selling, general and administrative expenses increased to $24.4 million from $19.4 million a year earlier.
- Minor pointNine-month operating income decreased to $11.5 million from $11.8 million a year earlier.
- Minor pointNine-month adjusted earnings fell to $12.3 million from $12.4 million; adjusted diluted EPS declined to $3.04 from $3.16.
- Minor pointNine-month adjusted EBITDA margin fell to 19.6% from 20.0%, although adjusted EBITDA rose to $13.7 million from $12.9 million.
- Minor point. Forward-looking: it has not happened yet and may not happen.BKR 9500 FCC certification remains pending; the company expects certification by year-end.
News Explained
BK Technologies reports it committed
Key Figures
- Third-quarter revenue
- $25.3 million
- Q3 FY2026; increased 3.6% year over year
- Gross margin
- 50.7%
- Q3 FY2026; compared with 49.9% in Q3 FY2025
- Net income
- $3.7 million
- Q3 FY2026; increased 9% year over year
- FY2026 revenue outlook
- $85 million
- Updated full-year outlook
- GAAP diluted EPS outlook
- $2.40
- Updated FY2026 outlook
- Non-GAAP adjusted diluted EPS outlook
- $3.15
- Updated FY2026 outlook
- Gross margin target
- At least 50%
- FY2026 target reaffirmed
- Affected shipments
- 2027
- Shipment delays anticipated to move into 2027
Previous Earnings Reports
-
Reiterated the $90 million FY2026 revenue target that the current release updates downward.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
convertible note financial
fcc certification regulatory
non-gaap financial
land mobile radio technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
WEST MELBOURNE, FL / ACCESS Newswire / November 12, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies"), a provider of advanced public safety communications solutions, today announced financial and operating results for the third quarter of fiscal year 2026 ended September 30, 2026. The Company will host a conference call today, November 12, 2026, at 8:30 a.m. Eastern Time.
John Suzuki, CEO of BK Technologies, commented, "Our third quarter results underscore the durability of our business model and demonstrate our ability to consistently deliver profitable growth. Federal demand was a key growth driver leading to record third quarter revenue of
"We also continued to execute on our operational and strategic priorities. Our new El Paso distribution center, operated with East West Manufacturing, came online and commenced customer shipments during the quarter. This facility expands our footprint and brings us closer to more customers, expediting factory-to-customer lead times considerably, and represents another example of our commitment to serving first responders with the products they demand most. We continue to strengthen our competitive positioning through diligent investments, proactively identifying opportunities in an evolving industry. Our
"Subsequent to quarter end, and as previously disclosed, our West Melbourne headquarters experienced a partial roof collapse during a severe thunderstorm on October 8. Most importantly, the incident occurred after business hours, and no employees were injured. Our team responded immediately, activating our emergency recovery plan within the first hour and working diligently to restore affected operations. We are exceptionally proud of how our employees have responded to this unforeseen challenge.
"While the incident temporarily disrupted production of our BKR 9000 radios, our underlying business fundamentals and long-term strategic priorities remain unchanged. We expect the resulting shipment delays to be a matter of timing rather than lost business, with affected shipments anticipated to move into 2027 as production returns to normal levels during the first quarter.
"Importantly, development of our BKR 9500 in-vehicle multiband radio continues to progress. Field validation on live customer systems has performed well, FCC certification is expected by year-end, and we remain on track to achieve mass production by March 2027. We continue to make meaningful progress on the product initiatives that will drive BK Technologies' next phase of growth.
"Reflecting the anticipated deferral of BKR 9000 shipments, we are updating our full-year 2026 outlook to approximately
"We believe it is important to distinguish this temporary operational disruption from the underlying trajectory of our business. Our balance sheet remains strong, with
"I want to thank our employees, customers, business partners, and the City of West Melbourne for their extraordinary efforts and support. We remain confident in our ability to restore normal operations, fulfill our customer commitments, and execute our Vision 2030 strategy."
Third Quarter 2026 Financial Review
Revenue of
Gross margin of
Selling, General & Administrative expenses totaled
Operating income was
BK Technologies recorded net income of
The Company reported non-GAAP adjusted earnings1 of
Non-GAAP adjusted EBITDA1 for the third quarter of 2026 was
Working capital totaled
The Company's Board of Directors doubled its authorized share repurchase program to
Nine Months 2026 Financial Review
Revenue of
Gross margin of
Selling, General & Administrative expenses totaled
Operating income totaled
BK Technologies recorded net income of
The Company reported non-GAAP adjusted earnings1 of
Non-GAAP adjusted EBITDA1 was
Conference Call and Webcast
BK Technologies will host a conference call and webcast for investors today, November 12, 2026, at 8:30 a.m. Eastern Time. Shareholders and interested parties may participate in the conference call by dialing (888) 506-0062 and international participants should dial (973) 528-0011 and use access code: 855460. The call and the accompanying slide deck will also be webcast at: https://www.webcaster5.com/Webcast/Page/2208/54679
The conference call and slide deck may also be accessed via the Events page of the Company's website at www.bktechnologies.com. Please allow extra time prior to the call to visit the site.
An online archive of the webcast will be available on the Company's website for thirty (30) days following the call at www.bktechnologies.com. A replay of the conference call will be available one hour after completion of the call until Thursday, November 26, 2026, by dialing (877) 481-4010 and international participants should dial (919) 882-2331. All callers must use access code 54679 to access the replay.
Use of Non-GAAP Measures
BK Technologies prepares its consolidated financial statements in accordance with United States generally accepted accounting principles ("GAAP"). In addition to disclosing financial results prepared in accordance with GAAP, the Company discloses non-GAAP financial measures. Management believes the non-GAAP financial measures discussed in this release are important to the reader of the Consolidated Financial Statements. The Company has provided the non-GAAP financial information presented in the press release, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in the press release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with the GAAP financial measures presented in the press release. The non-GAAP financial measures in the press release may differ from similar measures used by other companies.
Adjusted Earnings Before Interest Taxes Depreciation and Amortization (Adjusted EBITDA). Adjusted EBITDA and Adjusted EBITDA margin are considered non-GAAP financial measures under the SEC's rules because they exclude certain amounts included in net income provided in the statement of operations attributable to the Company calculated in accordance with GAAP, the most directly comparable financial measure calculated in accordance with GAAP. Management believes Adjusted EBITDA and Adjusted EBITDA margin can help the investors better understand operational factors associated with the Company's financial performance because it excludes the following from consideration: interest, taxes, depreciation and amortization, and infrequent or unusual losses or gains (i.e., non-recurring and incremental restructuring charges that are not expected to be routinely incurred year over year because of the Company's strategy and operating experience). Adjusted EBITDA margin is defined as Adjusted EBITDA divided by total revenue. See Reconciliation to GAAP below for calculation methodology and details regarding Adjusted EBITDA and Adjusted EBITDA Margin.
Adjusted earnings per share (Adjusted EPS). Adjusted EPS is considered a non-GAAP financial measure under the SEC's rules because it excludes certain amounts included in the basic and diluted earnings per share attributable to the Company calculated in accordance with GAAP EPS, the most directly comparable financial measure calculated in accordance with GAAP. Adjusted EPS is a non-GAAP financial measure that adjusts GAAP EPS for expense items that are typically strategic in nature or that management otherwise does not view as reflecting the operating performance of the Company. Management believes Adjusted EPS can help the reader better understand the operating performance of the core businesses and their ability to generate earnings. The Company has non-cash charges for stock-based compensation that do not reflect the operating performance of the LMR and Solutions businesses. The Company also recorded a one-time, non-cash income tax provision expense for NOL carryforwards during the second, third and fourth quarters of 2025. Management believes that these one-time charges do not reflect the operational profitability of the business for the second, third and fourth quarters of 2025 compared to prior periods. See Reconciliation to GAAP below for calculation methodology and details regarding Adjusted EPS.
Free cash flow after tax (FCFAT). Free Cash flow After-tax is considered a non-GAAP financial measure under the SEC's rules. FCFAT is used in addition to and in conjunction with results presented in accordance with GAAP, and FCFAT should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review our financial statements and publicly-filed reports in their entirety and to not rely on any single financial measure. FCFAT, which we reconcile to "net income," adjusted for interest income or expense, depreciation and amortization and income taxes, as further adjusted for non-cash stock-based compensation expense and non-cash deferred income tax provision or expense, is a measure of cash flow from operations. Management also views FCFAT, as a measure of the Company's ability to reduce debt, add to cash balances, pay dividends, and repurchase stock. FCFAT has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. For example, FCFAT does not incorporate payments made on finance lease obligations or required debt service payments. In addition, different companies define FCFAT differently. Therefore, we believe it is important to view FCFAT as a complement to our entire consolidated statements of consolidated operations and cash flows. FCFAT conversion is useful to investors for the foregoing reasons and as a measure of the rate at which the Company converts its net income reported in accordance with GAAP to cash inflows, which helps investors assess whether the Company is generating sufficient cash flow to provide an adequate return.
We do not provide reconciliations of forward-looking non-GAAP guidance due to the inherent difficulty in quantifying certain items necessary to provide such reconciliations as a result of their unknown effect, timing and potential significance.
About BK Technologies
BK Technologies Corporation (NYSE American:BKTI) manufactures high-specification communications equipment of unsurpassed reliability and value for public safety and government agencies. BK's BKR 9000 handheld multiband radio and next generation BKR9500 in-vehicle multiband radio combines advanced features with rugged durability and interoperability to meet the critical demands of first responders. BK's Solutions business unit, which includes the BK ONE family of offerings, combines land mobile radio (LMR) and LTE/5G to create seamless connectivity among first responders for planned and emergency events. BK Technologies is headquartered in West Melbourne, Florida. For more information, visit www.bktechnologies.com.
Forward-Looking Statements
This press release contains statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to the Company's long-term strategic plan and guidance, and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties, and other factors, many of which are outside of our control, that may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: changes or advances in technology; the success of our Solutions and Radio business lines and the products offered thereunder; successful introduction of new products and technologies, including our ability to successfully develop and sell our current and anticipated Solutions products, and our new multiband radio product and other related products in the BKR Series product line; competition in the land mobile radio industry; general economic and business conditions, including the impacts of inflation, fluctuating interest rates, tariffs and other trade barriers and restrictions, potential tariff refunds, labor and supply shortages and disruptions, federal, state and local government budget deficits and spending limitations, any impact from a prolonged shutdown of the U.S. Government, the effects of natural disasters, changes in climate, severe weather events, geopolitical conflicts and other events, acts of war or terrorism, global health crises and other catastrophic events, as well as the broader impacts to financial markets and the global macroeconomic and geopolitical environments, including a potential U.S. or global downturn or recession; the availability, terms and deployment of capital; reliance on contract manufacturers and suppliers; risks associated with fixed-price contracts; heavy reliance on sales to agencies of the U.S. Government and our ability to comply with the requirements of contracts, laws and regulations related to such sales; allocations by government agencies among multiple approved suppliers under existing agreements; our ability to comply with U.S. tax laws and utilize deferred tax assets; our ability to attract and retain executive officers, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and to consummate, acquisition, disposition or investment transactions; impact of our capital allocation strategy; risks related to maintaining our brand and reputation; impact of government regulation; impact of rising health care costs; our business with manufacturers located in other countries, including the effects of changes in the U.S. Government and foreign governments' trade and tariff policies, such as fluctuating tariffs imposed by the U.S. and the imposition of increased tariffs and other trade barriers and retaliatory measures by foreign governments; our inventory and debt levels; our ability to comply with the terms, including financial covenants, of our outstanding debt, including fluctuating interest rates; protection of our intellectual property rights; fluctuation in our operating results and stock price; any infringement claims; data security breaches, cyber-attacks and other factors impacting our technology systems or third-party information technology systems upon which we rely; widespread outages, interruptions, or other failures of operational, communication, or other systems; availability of adequate insurance coverage; environmental, social and governance matters; maintenance of our NYSE American listing; risks related to being a holding company; our ability to maintain effective internal control over financial reporting; and the effect on our stock price and ability to raise capital through future sales of shares of our common stock or otherwise. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statement except as required by law.
This press release and related communications contain specifically identified non-GAAP financial measures, which supplement the results that are reported according to generally accepted accounting principles ("GAAP"). These non-GAAP financial measures may be useful to investors but should not be viewed in isolation from, or as a substitute for, GAAP results. Differences between non-GAAP financial measures and comparable GAAP financial measures are reconciled in the release. We do not provide reconciliations of forward-looking non-GAAP guidance due to the inherent difficulty in quantifying certain items necessary to provide such reconciliations as a result of their unknown effect, timing and potential significance.
Company Contact:
Hayden IR
Brett Maas
Brett@haydenir.com
(646) 536-7331
1 Represents a non-GAAP financial measure. Refer to the section entitled "Use of Non-GAAP Measures" and Reconciliation to GAAP later in this press release.
BK TECHNOLOGIES CORPORATION
Consolidated Statements of Operations
(In thousands, except share and per share data) (Unaudited)
| Three Months Ended | Nine Months Ended | |||||||||||||||
| 9/30/2026 | 9/30/2025 | 9/30/2026 | 9/30/2025 | |||||||||||||
Sales, net | $ | 25,285 | $ | 24,411 | $ | 69,991 | $ | 64,630 | ||||||||
Cost of products | 12,476 | 12,222 | 34,010 | 33,453 | ||||||||||||
Gross Profit | 12,809 | 12,190 | 35,981 | 31,177 | ||||||||||||
Selling, general and administrative expenses | 8,381 | 7,344 | 24,445 | 19,419 | ||||||||||||
Operating income | 4,428 | 4,845 | 11,536 | 11,758 | ||||||||||||
Other income (expense): | ||||||||||||||||
Interest income | 244 | 94 | 617 | 136 | ||||||||||||
Gain on disposal of property, plant and equipment | - | - | 12 | - | ||||||||||||
Other expense | (12 | ) | (51 | ) | (58 | ) | (188 | ) | ||||||||
Total other income (expense), net | 232 | 43 | 571 | (52 | ) | |||||||||||
Income before income taxes | 4,660 | 4,888 | 12,107 | 11,706 | ||||||||||||
Provision for income tax expense | (925 | ) | (1,452 | ) | (2,442 | ) | (2,397 | ) | ||||||||
Net income | $ | 3,735 | $ | 3,436 | $ | 9,665 | $ | 9,309 | ||||||||
Earnings per share - basic | $ | 0.99 | $ | 0.93 | $ | 2.56 | $ | 2.56 | ||||||||
Earnings per share - diluted | $ | 0.93 | $ | 0.87 | $ | 2.39 | $ | 2.38 | ||||||||
Weighted average common shares outstanding, basic | 3,770,307 | 3,708,717 | 3,768,741 | 3,643,097 | ||||||||||||
Weighted average common shares outstanding, diluted | 4,033,616 | 3,951,433 | 4,036,694 | 3,913,148 | ||||||||||||
BK TECHNOLOGIES CORPORATION
Consolidated Balance Sheets
(In thousands, except share data)(Unaudited)
| September 30, | December 31, | |||||||
| 2026 | 2025 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 29,161 | $ | 22,788 | ||||
Trade accounts receivable, net | 17,294 | 7,221 | ||||||
Inventories, net | 14,913 | 15,862 | ||||||
Prepaid expenses and other current assets | 3,499 | 3,099 | ||||||
Total current assets | 64,867 | 48,970 | ||||||
Property, plant and equipment, net | 4,140 | 4,170 | ||||||
Operating lease right-of-use (ROU) assets | 1,095 | 1,502 | ||||||
Deferred tax assets, net | 4,078 | 5,230 | ||||||
Capitalized software and systems integration costs, net | 2,456 | 3,417 | ||||||
Convertible note receivable, plus accrued interest | 3,007 | - | ||||||
Other assets | 590 | 471 | ||||||
Total assets | $ | 80,233 | $ | 63,760 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 8,601 | $ | 4,781 | ||||
Accrued compensation and related taxes | 2,591 | 2,423 | ||||||
Accrued warranty expense | 744 | 760 | ||||||
Accrued other expenses and other current liabilities | 901 | 335 | ||||||
Short-term operating lease liabilities | 514 | 610 | ||||||
Deferred revenue | 2,750 | 2,728 | ||||||
Total current liabilities | 16,101 | 11,637 | ||||||
Long-term operating lease liabilities | 630 | 965 | ||||||
Deferred revenue, net of current portion | 7,235 | 6,460 | ||||||
Total liabilities | $ | 23,966 | $ | 19,062 | ||||
Commitments and contingencies | ||||||||
Stockholders' equity: | ||||||||
Preferred stock; | ||||||||
shares; none issued or outstanding | - | - | ||||||
Common stock; | ||||||||
4,130,403 and 4,092,056 issued, and 3,773,318 and 3,733,733 outstanding | ||||||||
shares at September 30, 2026 and December 31, 2025, respectively | 2,478 | 2,455 | ||||||
Additional paid-in capital | 53,817 | 51,803 | ||||||
Accumulated earnings (accumulated deficit) | 7,351 | (2,314 | ) | |||||
Treasury Stock, at cost, 357,085 shares as of September 30, 2026 and | ||||||||
358,323 as of December 31, 2025 | (7,379 | ) | (7,246 | ) | ||||
Total stockholders' equity | $ | 56,267 | $ | 44,698 | ||||
Total liabilities and stockholders' equity | $ | 80,233 | $ | 63,760 | ||||
BK TECHNOLOGIES CORPORATION
Reconciliation of Net Income to Non-GAAP EBITDA, Net Income EPS and Free Cash Flow After-Tax
| Three Months Ended | Nine Months Ended | |||||||||||||||
non-GAAP Adjusted EBITDA | 9/30/2026 | 9/30/2025 | 9/30/2026 | 9/30/2025 | ||||||||||||
Net Income | $ | 3,735 | $ | 3,436 | $ | 9,665 | $ | 9,309 | ||||||||
Adjustments to reconcile net income to EBITDA | ||||||||||||||||
Interest (income), net | (244 | ) | (94 | ) | (617 | ) | (136 | ) | ||||||||
Income tax provision | 925 | 1,452 | 2,442 | 2,397 | ||||||||||||
Depreciation and amortization | 758 | 458 | 2,221 | 1,325 | ||||||||||||
EBITDA | 5,174 | 5,252 | 13,711 | 12,895 | ||||||||||||
Inventory write-off - New Product Introduction | - | - | - | - | ||||||||||||
Adjusted EBITDA | $ | 5,174 | $ | 5,252 | $ | 13,711 | $ | 12,895 | ||||||||
| 20.5 | % | 21.5 | % | 19.6 | % | 20.0 | % | |||||||||
Adjustments to reconcile net income to Adjusted EPS (non-GAAP) | ||||||||||||||||
Net Income | $ | 3,735 | $ | 3,436 | $ | 9,665 | $ | 9,309 | ||||||||
Stock-based compensation expense | 523 | 637 | 1,454 | 1,455 | ||||||||||||
Non-cash income tax provision expense | 434 | 823 | 1,152 | 1,587 | ||||||||||||
Inventory write-off - New Product Introduction | - | - | - | - | ||||||||||||
Adjusted Earnings (Non-GAAP) | $ | 4,692 | $ | 4,896 | $ | 12,271 | $ | 12,351 | ||||||||
Adjusted earnings per share - basic | $ | 1.24 | $ | 1.32 | $ | 3.26 | $ | 3.39 | ||||||||
Adjusted earnings per share - diluted | $ | 1.16 | $ | 1.24 | $ | 3.04 | $ | 3.16 | ||||||||
Weighted average common shares outstanding, basic | 3,770,307 | 3,708,717 | 3,768,741 | 3,643,097 | ||||||||||||
Weighted average common shares outstanding, diluted | 4,033,616 | 3,951,433 | 4,036,694 | 3,913,148 | ||||||||||||
| Three Months Ended | TTM Ended | |||||||||||||||
Adjustments to reconcile net income to Free Cash Flow After Tax - FCFAT (non-GAAP) | 12/31/2025 | 3/31/2026 | 6/30/2026 | 9/30/2026 | 9/30/2026 | |||||||||||
Net Income | $ | 4,227 | $ | 2,762 | $ | 3,168 | $ | 3,735 | $ | 13,892 | ||||||
Adjustments to reconcile net income to EBITDA | ||||||||||||||||
Interest (income), net | (129 | ) | (169 | ) | (205 | ) | (244 | ) | (747 | ) | ||||||
Income tax provision | 184 | 682 | 835 | 925 | 2,626 | |||||||||||
EBIT | $ | 4,282 | $ | 3,275 | $ | 3,798 | $ | 4,416 | $ | 15,771 | ||||||
Depreciation and amortization | 453 | 716 | 747 | 758 | 2,674 | |||||||||||
EBITDA | $ | 4,735 | $ | 3,991 | $ | 4,545 | $ | 5,174 | $ | 18,445 | ||||||
Non-Cash stock-based compensation expense | 471 | 419 | 512 | 523 | 1,925 | |||||||||||
Non-Cash income tax provision expense (benefit) | (29 | ) | 343 | 375 | 434 | 1,123 | ||||||||||
Pre-Tax Free Cash Flow | $ | 5,177 | $ | 4,753 | $ | 5,432 | $ | 6,131 | $ | 21,493 | ||||||
Income tax provision | (184 | ) | (682 | ) | (835 | ) | (925 | ) | (2,626 | ) | ||||||
Free Cash Flow After Tax | $ | 4,993 | $ | 4,071 | $ | 4,597 | $ | 5,206 | $ | 18,867 | ||||||
| Three Months Ended | TTM Ended | |||||||||||||||
Adjustments to reconcile net income to Free Cash Flow After Tax - FCFAT (non-GAAP) | 12/31/2024 | 3/31/2025 | 6/30/2025 | 9/30/2025 | 9/30/2025 | |||||||||||
Net Income | $ | 3,657 | $ | 2,132 | $ | 3,741 | $ | 3,436 | $ | 12,966 | ||||||
Adjustments to reconcile net income to EBITDA | ||||||||||||||||
Interest (income), net | (15 | ) | (3 | ) | (39 | ) | (94 | ) | (151 | ) | ||||||
Income tax provision | (1,472 | ) | 670 | 275 | 1,452 | 925 | ||||||||||
EBIT | $ | 2,170 | $ | 2,799 | $ | 3,977 | $ | 4,794 | $ | 13,740 | ||||||
Depreciation and amortization | 442 | 427 | 440 | 458 | 1,767 | |||||||||||
EBITDA | $ | 2,612 | $ | 3,226 | $ | 4,417 | $ | 5,252 | $ | 15,507 | ||||||
Non-Cash stock-based compensation expense | 156 | 393 | 425 | 637 | 1,611 | |||||||||||
Non-Cash income tax provision expense (benefit) | (2,672 | ) | (234 | ) | 889 | 823 | (1,085 | ) | ||||||||
Pre-Tax Free Cash Flow | $ | 96 | $ | 3,385 | $ | 5,731 | $ | 6,712 | $ | 16,033 | ||||||
Income tax provision | 1,472 | (670 | ) | (275 | ) | (1,452 | ) | (925 | ) | |||||||
Free Cash Flow After Tax | $ | 1,568 | $ | 2,715 | $ | 5,456 | $ | 5,260 | $ | 14,999 | ||||||
SOURCE: BK Technologies Corporation
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were BK Technologies' third-quarter 2026 earnings?
BK Technologies earned $3.7 million, or $0.93 per diluted share, compared with $3.4 million, or $0.87 per diluted share, a year earlier. Revenue increased 3.6% to $25.3 million, while operating income declined to $4.4 million from $4.8 million.
What is BK Technologies' revised full-year 2026 outlook?
BK Technologies expects approximately $85 million in revenue, GAAP diluted EPS of $2.40 and non-GAAP adjusted diluted EPS of $3.15. Its gross margin target remains at least 50%. The revised outlook reflects anticipated deferral of BKR 9000 shipments.
Does BK Technologies' 2026 earnings guidance include insurance recoveries from the roof collapse?
The updated earnings guidance excludes potential business interruption insurance recoveries and potential refunds of previously paid tariffs.