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BK Technologies Corporation reports developments in public safety communications equipment and solutions for government agencies and first responders. The company’s Land Mobile Radio products include portable and mobile radio devices for private P25-compliant radio systems, with product news centered on the BKR multiband platform, including the BKR 9000 handheld radio and BKR9500 in-vehicle multiband radio.
BK Technologies news also covers the Solutions business unit, the BK ONE family of offerings that combines land mobile radio with LTE/5G connectivity, and software products such as LocateONE LITE for team location awareness. Recurring updates include financial results, order activity from government customers, product introductions, investor presentations, capital allocation and annual-meeting governance matters.
BK Technologies Corporation (NYSE American: BKTI) has declared a quarterly dividend of $0.03 per share, payable on May 16, 2022, to shareholders of record by May 2, 2022. This marks the company's twenty-fourth consecutive quarterly dividend, highlighting its commitment to returning capital to investors. The company specializes in manufacturing reliable communications equipment for public safety and government agencies, emphasizing its dedication to serving these important sectors.
BK Technologies Corporation announced the appointment of James Teel as the leader of its new software-as-a-service (SaaS) solutions unit. Teel, with over 30 years in wireless communications, previously held key roles at L3Harris Corporation and has significant experience in launching SaaS businesses. CEO John Suzuki emphasized the strategic importance of this appointment, aiming to enhance first responder technology and capture market share. Teel expressed enthusiasm for leveraging BK's established market position to deliver new subscription-based software solutions.
BK Technologies Corporation (NYSE American:BKTI) reported a 21.7% increase in fourth-quarter revenue, reaching $12.8 million, compared to $10.6 million in Q4 2020. The company achieved record bookings of $55.5 million for 2021, with a backlog of $13 million, driven by demand for its BKR 5000 product line. However, gross profit margins fell to 36.2% due to rising costs. The full year ended with a net loss of $1.7 million, a decline from a net income of $194,000 in 2020. Inventory levels increased amidst supply chain constraints.
BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call on March 17, 2022, at 9:00 a.m. ET to discuss its operating results for Q4 and the full year 2021. Prior to the call, the company will release its financial results. Participants can join by calling (888) 506-0062 or via webcast at www.bktechnologies.com. A replay will be available until March 24, 2022. BK Technologies specializes in communications equipment for public safety professionals.
BK Technologies Corporation (NYSE American:BKTI) has launched a new business unit focused on software-as-a-service (SaaS) solutions tailored for the public safety market. This initiative aims to offer subscription-based software designed for first responders using cellular networks. The company has also applied for three patents related to Push-To-Talk-Over-Cellular (POC). CEO John Suzuki highlighted the transformative impact of cellular LTE on public safety, while CTO Branko Avanavic emphasized the opportunity to leverage their R&D for innovative software solutions.
BK Technologies Corporation (NYSE American: BKTI) announced that CEO John Suzuki and CFO Bill Kelly will attend the 34th Annual ROTH Conference on March 14, 2022. The conference will take place both virtually and in-person at the Ritz Carlton in Laguna Niguel, California. Investors interested in participating can request a registration form via the provided link. BK Technologies specializes in manufacturing reliable communications equipment for public safety professionals and government agencies, emphasizing USA-made products.
BK Technologies Corporation (NYSE American: BKTI) has secured a purchase order from Marine Corps Base Camp Pendleton for its innovative BKR 5000 portable communications technology. This order is part of the base's life cycle replacement program for the Camp Pendleton Fire Department (CPFD), which consists of 175 first responders managing fire suppression, emergency medical response, and more. The BKR 5000 is designed to enhance communication capabilities in demanding environments, supporting BK Technologies' growth in new vertical markets.
BK Technologies Corporation (NYSE American: BKTI) has announced an amendment to its contract with a U.S. Department of Energy agency, increasing the contract ceiling from $4.2 million to $7 million. The revised one-year contract, effective from June 2021 and expiring in June 2022, allows for the provision of KNG2 and KNG Digital P-25 radios across over 35 sites in the U.S. This amendment reflects the agency's confidence in BK's technology, following BK's initial selection as a sole-source provider due to performance and pricing evaluations.
BK Technologies (NYSE American: BKTI) announced a purchase order from the Walla Walla Police Department for its BKR 5000 portable communications technology. This order was facilitated through Advanced Paging and Communications, an authorized dealer. Walla Walla, home to around 34,000 residents, will benefit from enhanced communication capabilities for its police officers. Tim Vitou, President of BK Technologies, expressed excitement about this new partnership, emphasizing the importance of reliable communication for public safety. BK Technologies manufactures high-quality communications equipment for first responders.
BK Technologies Corporation (NYSE American:BKTI) announced the retirement of Bill Kelly, Executive Vice President and Chief Financial Officer, after a 26-year tenure. Kelly will assist in the transition until June 30, 2022. His contributions have been instrumental in developing a strong finance organization. CEO John Suzuki acknowledged Kelly's impact, noting the company’s readiness for future success. BK Technologies focuses on manufacturing reliable communications equipment for public safety professionals.