Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (NYSE American: BKTI) has been selected by the Wyoming State Forestry Division for its new BKR 5000 portable communications technology. This choice is part of the agency's lifecycle replacement program and aims to enhance their communications for State Trust Land Management and Fire Management programs. The BKR 5000 ensures seamless transition from older systems while providing durability and reliability. BK Technologies has a long-standing relationship with the agency, which manages 263,000 acres of trust land and 3.6 million acres of fire management.

BK Technologies Corporation (BKTI) announced its Q3 2021 financial results, reporting a slight revenue decrease to $12.6 million from $12.8 million in Q3 2020. The company noted a significant increase in backlog, over double from $5.9 million at the end of 2020, driven by demand for the BKR 5000 communications technology.

Despite strong order activity, BKTI faced supply chain challenges, impacting shipments and contributing to an operating loss of approximately $370,000 compared to a profit of $1.2 million in the prior year. The company reported a net loss of $2.6 million for the quarter.

BK Technologies Corporation (NYSE American: BKTI) announced a significant purchase order from the California Department of Forestry and Fire Protection for 500 KNG2 Series radios. This order reflects BK's commitment to supporting CAL FIRE's emergency communications needs as they oversee over 31 million acres and engage in a variety of emergency services throughout California. BK Technologies prides itself on manufacturing reliable communications equipment crucial for public safety professionals.

BK Technologies Corporation (NYSE American: BKTI) will hold an investor conference call on November 11, 2021, at 9:00 a.m. ET to discuss its operating results for the third quarter and nine months ended September 30, 2021. The financial results will be released prior to the call. Interested participants can join by dialing (888) 506-0062 (international: (973) 528-0011) using access code 272417. The call will also be webcast, with an archive available for 30 days. A replay will be accessible until November 18, 2021 with passcode 43435.

BK Technologies Corporation (NYSE American: BKTI) has appointed Sean Conroy as its new Director of Supply Chain, bringing nearly 20 years of industry experience. Conroy's previous roles included significant positions at Camaco Lorain Manufacturing and VEXOS. CEO John Suzuki emphasized the importance of effective supply chain management to meet strong product demand, stating that the company is committed to minimizing supply chain disruptions and enhancing long-term efficiency.

BK Technologies Corporation (NYSE American: BKTI) announced the selection of its new BKR 5000 portable communications technology by the Helena Fire Department in Montana. This purchase is part of the department's lifecycle program for replacing aging radios in its wildland fire fleet. President Tim Vitou emphasized the importance of reliable communication for effective operations in the region's diverse environments. The BKR 5000 offers customizable features, enhancing BK's market reach and growth potential.

BK Technologies Corporation (NYSE American: BKTI) announced its BKR 5000 portable communications technology has been selected by the U.S. Army for deployment at Camp Arifjan in Kuwait. This camp supports military operations and humanitarian efforts and is crucial for troops returning from Iraq. The BKR 5000 is designed for extreme desert conditions and offers customizable features tailored for public safety communications. BK Technologies aims to leverage this contract to enhance its market share and growth, demonstrating the reliability of its American-made equipment.

BK Technologies Corporation (NYSE American:BKTI) announced that the Nevada Bureau of Land Management has selected its BKR 5000 model for its fire and land management communications technology update. The BKR 5000 offers flexibility and customization to meet critical communication needs in the public safety sector. The agency's decision reinforces BK Technologies' reputation for providing reliable communication solutions, contributing to efficiency in managing Nevada's extensive public lands. This partnership could enhance BK's market presence and growth in new vertical markets.

BK Technologies Corporation (NYSE American: BKTI) has declared a quarterly dividend of $0.02 per share for its common stock, scheduled for payment on October 18, 2021. Stockholders of record as of October 7, 2021 will receive this dividend, marking the company's twenty-second consecutive quarterly dividend. General Gray Payne, Chairman of the Board, expressed satisfaction with this continuation of the capital return program, emphasizing the company's commitment to its shareholders.