Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (BKTI) has announced a public offering of 3,695,000 shares at a price of $3.00 each, aiming for gross proceeds of $11,085,000. The offering is set to close on June 9, 2021, pending standard closing conditions. Underwriters have a 45-day option for an additional 554,250 shares. Proceeds will support general corporate purposes, including working capital and potential acquisitions. The offering complies with SEC regulations under a shelf registration statement.

BK Technologies Corporation (NYSE: BKTI) announced its intention to conduct an underwritten public offering of its shares of common stock. The offering, managed by ThinkEquity, includes a potential 15% over-allotment option. Proceeds will be utilized for general corporate purposes including working capital and strategic investments. The offering is subject to market conditions and is based on a previously filed shelf registration statement with the SEC. Investors are advised to review the preliminary prospectus for complete details.

BK Technologies Corporation (NYSE American: BKTI) announced that the Nevada Division of Forestry has selected its new BKR 5000 portable communications technology for deployment. This technology is crucial for the management of over 20 million acres of federal land in Nevada. The BKR 5000 features customizable options to meet mission-critical needs for public safety. BK Technologies aims to expand its market share and growth through this product, which includes a range of accessories. The company continues to focus on providing reliable communications solutions for public safety professionals.

BK Technologies Corporation announced that the Washington Department of Fish & Wildlife (WDFW) has selected its BKR 5000 digital P-25 portable communications technology. This model, designed for public safety, offers customizable features for mission-critical needs. BK President Tim Vitou emphasized the importance of reliable communications over WDFW's extensive land area. The BKR 5000 will help BK expand into new markets, and accessories are available to enhance functionality. The company’s stock trades under the symbol BKTI on NYSE American.

BK Technologies Corporation (NYSE American: BKTI) has secured a 5-year blanket purchase agreement (BPA) from the USDA Forest Service worth up to $50 million. This agreement, effective until May 6, 2026, allows the USDA to procure necessary communications technology without guaranteeing specific purchase quantities. BK's President highlighted their compliance with unique requirements like NIFC approval and a GSA Contract vehicle, positioning BK Technologies as a key supplier for replenishing communication systems essential for public safety operations.

BK Technologies Corporation (NYSE American: BKTI) reported its Q1 2021 results, revealing revenue of approximately $8.6 million, a decrease from $10.9 million in Q1 2020 due to order delays and supply chain disruptions. Despite these challenges, gross profit margin remained steady at 36%. Cost management led to a 16% reduction in selling, general, and administrative expenses, totaling $4.0 million. The net loss improved to $(0.7) million, or $(0.06) per share, from $(1.2) million, or $(0.09) per share, last year. Anticipated product launches are expected to drive future revenue growth.

BK Technologies Corporation (NYSE American: BKTI) announced the selection of its BKR 5000 communications technology by the Boardman Fire & Rescue District in Oregon. This technology will be utilized for Wildland Fire operations and features a high-visibility yellow housing, integrated GPS, and a robust design. The BKR 5000 is designed to adapt to various missions, enhancing BK's presence in new vertical markets. President Tim Vitou emphasized their commitment to supporting public safety professionals with reliable equipment.

BK Technologies Corporation (NYSE American: BKTI) has announced that its BKR 5000 communications technology has successfully passed the Alaska Land Mobile Radio (ALMR) testing. This certification allows the BKR 5000 to be integrated into Alaska's statewide emergency response system, serving over 122 government agencies and first responders. Designed for tough public safety environments, the BKR 5000 features Bluetooth, GPS, and a rugged IP68 housing, enhancing BK's market position and enabling growth in new verticals.

BK Technologies Corporation (NYSE American:BKTI) will hold an investor conference call on May 13, 2021, at 9:00 AM ET, to discuss its financial results for the first quarter ending March 31, 2021. The financial results will be released before the call. Interested parties can join the call by dialing 888-506-0062 (international: 973-528-0011) with entry code 415220 or via webcast at www.bktechnologies.com. A replay will be available until May 27, 2021.