Bk Technologies, Inc. Stock Price, News & Analysis

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.

BK Technologies Corporation (NYSE American: BKTI) announced a significant $2.5 million purchase order from the United States Department of Agriculture Forest Service for its BKR 5000 portable communications technology. This order is part of a 5-year Blanket Purchase Agreement established in May 2021. President Tim Vitou emphasized the importance of reliable communication technology in managing wildfires, highlighting the agency's confidence in BK Technologies' equipment. The company is committed to supporting public safety professionals with high-quality, American-made communications solutions.

BK Technologies (NYSE American: BKTI) will hold an investor conference call on August 12, 2021, at 9:00 a.m. EDT to discuss its financial results for the second quarter and six months ended June 30, 2021. Key executives, including CEO John Suzuki and CFO William Kelly, will participate in the call. The company will release its operating results before the call. Interested parties can join by dialing (844) 407-9500, with international participants using (862) 298-0850. A webcast will also be available at www.bktechnologies.com.

BK Technologies Corporation (NYSE American: BKTI) announced that Redmond Fire & Rescue in Oregon has selected their new BKR 5000 portable communications technology. This upgrade is essential for effective field operations in wildland fire situations. The BKR 5000 offers three tiers for flexibility and customization, designed with input from users to meet public safety communication requirements. This development is expected to enhance BK's presence in significant new vertical markets and contribute to market share growth.

BK Technologies Corporation (NYSE American:BKTI) announced an order from the Tennessee Valley Authority (TVA) for its BKR 5000 portable communications technology. This collaboration aims to enhance TVA's operations, which serve 10 million people across multiple states. The BKR 5000 features customizable tiers designed for public safety communications and includes various accessories tailored for first responders. This order reflects BK's commitment to expanding market share and addressing new verticals.

BK Technologies Corporation appointed John Suzuki as its new CEO, effective July 19, 2021. Suzuki, an industry leader with a proven track record in sales and marketing, is expected to drive growth and enhance the company's market position. He previously doubled revenue at EF Johnson Technologies and significantly increased sales at Avtec and Ultra Electronics. The board expressed confidence in his ability to leverage his expertise to capitalize on opportunities and accelerate innovation, particularly with the upcoming launch of the BK 9000 product line.