Welcome to our dedicated page for Bk Technologies news (Ticker: BKTI), a resource for investors and traders seeking the latest updates and insights on Bk Technologies stock.
BK Technologies Corporation (NYSE American: BKTI) is a Nevada-incorporated holding company that, through its subsidiaries, designs and manufactures high-specification communications equipment for public safety professionals and government agencies. As a provider of advanced public safety communications solutions, the company regularly issues news on product deployments, customer orders, financial performance and corporate developments.
News about BK Technologies often highlights its BKR Series land mobile radios and the BK ONE family of solutions. Recent releases have described significant purchase orders from the USDA Forest Service for BKR 5000 handheld radios, growing market recognition for the BKR 9000 multiband portable radio, and field deployments of InteropONE and RelayONE during multi-agency fire and aviation training exercises. These updates illustrate how the company’s equipment and solutions are used in wildland fire operations and other mission-critical environments.
Investors and analysts following BKTI can also find regular coverage of quarterly results, earnings calls and guidance updates. The company reports on revenue trends, gross margin performance and non-GAAP metrics, and announces conference calls and webcasts to discuss its financial and operating results. Additional news items include participation in investor and technology conferences, board and executive appointments, and approvals of equity incentive and employee stock purchase plans.
This news page aggregates BK Technologies’ press releases and related coverage so readers can review the company’s operational updates, major contracts, Solutions business milestones and capital markets activities in one place. For those tracking public safety communications providers and government-focused radio manufacturers, BKTI news offers insight into order activity, product adoption and corporate governance actions over time.
BK Technologies Corporation (NYSE American: BKTI) announced a new order for its BKR 5000 portable communications technology from a municipality in Montana. This model marks the beginning of a new line incorporating multi-band products designed for public safety communications. The BKR 5000 comes in three tiers, ensuring flexibility for mission-critical needs, and is supported by various accessories. The company aims to leverage this momentum to expand into new vertical markets, enhancing growth and market share.
BK Technologies Corporation (BKTI) has declared a quarterly dividend of $0.02 per share, marking the nineteenth consecutive dividend. The dividend will be payable on January 19, 2021, to stockholders of record as of the close of business on January 4, 2021. Chairman John Struble expressed satisfaction in continuing the Company's capital return program. BK Technologies specializes in manufacturing reliable communications equipment for public safety professionals and maintains its headquarters in West Melbourne, Florida.
BK Technologies reported its financial results for Q3 and nine months ending September 30, 2020, highlighting an 8% revenue growth to approximately $12.8 million. Operating income surged by 253% to around $1 million, reflecting successful restructuring and cost reductions. The company launched the BKR 5000 radio with significant orders, including a $4.2 million contract from the Department of Energy. Despite a net loss of approximately $817,000 for nine months, working capital improved slightly to $14.4 million.
BK Technologies Corporation (NYSE American: BKTI) will host a conference call on November 12, 2020, at 9:00 a.m. EST to discuss its operating results for the third quarter and nine months ended September 30, 2020. The financial results will be released post-market on November 11, 2020. Participants can join by dialing 844-602-0380 or via webcast at www.bktechnologies.com. An archive will be available for 30 days following the call. BK Technologies focuses on high-quality communications equipment for public safety.
BK Technologies Corporation (NYSE American: BKTI) announced a $1.5 million order from a U.S. Department of the Interior agency for its Digital P-25 KNG2-Series portable radios and KNG Series mobile radios. This order is scheduled for fulfillment in Q4 2020. President Tim Vitou noted the long-term relationship with the DoI, emphasizing trust in BK's products. The KNG2-Series radios, essential for wildland firefighting, boast features such as long battery life and radio-to-radio programming. The company eyes future market expansion with the upcoming BKR product lines.
BK Technologies Corporation (NYSE American: BKTI) announced a significant $1.1 million order from a Tennessee state agency for its newly launched BKR 5000 Digital P-25 portable radio. This marks the first order of this model, which was launched just one month ago. The BKR 5000, designed for public safety communications, includes advanced features like Bluetooth and GPS, and is expected to enhance BKTI's growth in new vertical markets. The fulfillment is anticipated in the fourth quarter of 2020.
BK Technologies Corporation (BKTI) has declared a quarterly dividend of $0.02 per share, set to be paid on October 19, 2020, to shareholders on record as of October 5, 2020. This announcement marks the company's eighteenth consecutive quarterly dividend, reflecting its commitment to returning capital to shareholders. The company operates in the public safety communications sector, providing reliable communication equipment for government agencies and public safety professionals.
BK Technologies Corporation (NYSE American: BKTI) has launched the BKR 5000, a portable radio designed for public safety communications. This radio is part of the new BKR Series and supports APCO Project 25. The BKR 5000 offers customizable features such as Bluetooth, GPS, and a rugged IP68 design. Its user-friendly interface and ergonomic design cater to first responders' needs. The introduction of this product is anticipated to open new vertical markets and enhance BKTI's market share.
BK Technologies Corporation (NYSE American: BKTI) will present at the LD 500 investor conference on September 3, 2020, at 2 PM. Chairman John Struble highlighted the company's growth in the public safety communications market, with revenue increasing from under $30 million to over $40 million since 2019. BK Technologies aims for further organic growth and strategic M&A opportunities. The company manufactures high-specification communications equipment for public safety professionals and maintains its headquarters in West Melbourne, Florida. For registration, visit here.
BK Technologies Corporation (NYSE American: BKTI) announced an order worth approximately $1.1 million from the National Interagency Fire Center (NIFC) for its KNG2-Series Digital P-25 portable radios and accessories. This fulfillment is expected in the third quarter of 2020. President Tim Vitou expressed pride in supporting the wildland firefighting community, highlighting BK's reliable track record in harsh conditions. The KNG2-Series radios have been essential for tactical communications in wildland firefighting for over a decade.