Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (NYSE American: BKTI) has secured a $1.0 million purchase order from the U.S. Department of Agriculture Forest Service (USFS) for its new BKR 5000 portable communications technology. This order is part of a 5-year Blanket Purchase Agreement established in May 2021. Tim Vitou, president of BK Technologies, emphasized the importance of reliable communication in wildfire management and highlighted the BKR 5000's compatibility with legacy equipment. This contract signifies ongoing collaboration and confidence in BK Technologies' offerings.

BK Technologies Corporation (NYSE American: BKTI) appointed Inez M. Tenenbaum and R. Joseph Jackson to its board of directors, effective December 17, 2021. Tenenbaum, a former chairman of the U.S. Consumer Product Safety Commission, brings extensive expertise in consumer safety and education. Jackson, managing partner at Metrolina Capital Partners, has significant experience in private lending and real estate investments. The company aims to leverage their skills to drive growth and enhance governance as it serves public safety communications needs.

BK Technologies Corporation (BKTI) declared a quarterly dividend of $0.03 per share, up from $0.02, reflecting the company's financial strength and strategic confidence. This marks the twenty-third consecutive quarterly dividend and will be paid on January 24, 2022, to stockholders of record by January 10, 2022. Chairman General Gray Payne highlighted the importance of the capital return program in demonstrating the company’s commitment to its shareholders.

BK Technologies Corporation (NYSE American: BKTI) anticipates closing fiscal 2021 with record bookings exceeding $54 million. The company plans to ship and recognize revenue from these orders in 2021 and the first half of 2022. CEO John Suzuki highlighted strong demand for their portable communications technology, particularly the BKR 5000, leading to historic booking levels. BK Technologies manufactures reliable communications equipment for public safety professionals and government agencies, emphasizing its commitment to serving those in critical response roles.

BK Technologies Corporation (NYSE American: BKTI) has announced a $5 million share repurchase program approved by its Board of Directors. The program allows for immediate repurchases with no expiration, utilizing cash on hand and operational cash flow. CEO John Suzuki emphasized the commitment to shareholder value and capital allocation strategies aimed at growth in the first responder market. The timing and volume of repurchases will depend on market conditions and other factors.

BK Technologies Corporation (NYSE American:BKTI) has been selected by the Minnesota Department of Natural Resources (DNR) Division of Forestry to provide its BKR 5000 portable communications technology as part of a lifecycle replacement plan. This decision highlights BK Technologies' longstanding partnership with the DNR, which manages over 4.2 million acres of forest land. The BKR 5000 is designed for durability, reliability, and interoperability with existing BK radios, ensuring effective communication during wildfire management. The new technology is expected to enhance BK's presence in expanding vertical markets.

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.