Bk Technologies, Inc. Stock Price, News & Analysis

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.

BK Technologies Corporation (NYSE American: BKTI) has received an order from the Mississippi Forestry Commission for its BKR 5000 portable communications technology. This order is part of the Commission's lifecycle replacement program, reflecting the ongoing partnership between the two entities. The BKR 5000 is recognized for its reliability and flexibility, critical for effective communication in public safety. With an emphasis on enhancing operational capabilities, this order supports forest management and wildfire suppression efforts across Mississippi's vast forestland, encompassing approximately 20 million acres.

BK Technologies Corporation (NYSE American: BKTI) announced that the Arizona Department of Forestry and Fire Management has selected its new BKR 5000 portable communication technology for deployment. This decision enhances BK's long-standing partnership with the agency as it begins a lifecycle replacement program. The BKR 5000 offers improved communication reliability and interoperability with existing BK radios. With customizable options for first responders, this technology aims to improve public safety communications and expand BK's market share in critical sectors.

BK Technologies Corporation (BKTI) announced that Grand Teton National Park has selected its BKR 5000 portable communications technology for its Wildland Fire Management program. This partnership highlights BK's ongoing role in enhancing communication capabilities for fire management across the park's 310,000 acres. The BKR 5000 offers interoperability with legacy radios and significant customization options. President Tim Vitou emphasized the importance of reliable communication technology for operational safety. This deployment signifies BK's commitment to public safety and may enhance opportunities for growth in new markets.

BK Technologies Corporation (BKTI) announced a purchase order from the National Interagency Fire Center (NIFC) for its new BKR 5000 portable communications technology. The NIFC, which manages the largest civilian radio cache globally, plays a critical role in supporting various emergency and disaster response operations. BK Technologies has a longstanding relationship with NIFC and emphasizes the BKR 5000's reliability and range for diverse applications. This partnership highlights BKTI's commitment to providing essential communications equipment for public safety.

BK Technologies Corporation (BKTI) reported a 14% increase in second-quarter revenue to $11.3 million, up from $9.9 million in Q2 2020. Sequentially, revenue grew 32% from Q1 2021. Despite strong order activity, the company faced supply chain challenges impacting shipment times. The gross profit margin decreased to 37% from 44% year-over-year, primarily due to cost increases. However, the company achieved net income of $1.7 million this quarter, compared to a net loss of $302,000 last year. The firm is gearing up for the launch of its BKR 9000 multiband communications technology.