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 launched a new Technology Innovation Center in South Florida, focusing on developing communication technologies for public safety professionals. The center aims to complete the BKR 9000 this year, complementing the BKR 5000, and targeting an estimated market of $1.2 billion. Chief Technology Officer Dr. Branko Avanic leads a skilled team to advance BK's technology initiatives. President Tim Vitou highlighted this development as a strategic accomplishment to expand the company’s market footprint.
BK Technologies Corporation (NYSE American: BKTI) announced robust financial results for Q4 and FY 2020. Revenue surged by 10% to $44.1 million, with Q4 revenue up 43% year-over-year. Operating profit hit $0.9 million, significantly improving from a loss the previous year. Liquidity strengthened with cash and receivables rising to $13.3 million, up from $8.6 million in 2019. The company expects continued growth with the upcoming launches of new products, enhancing market reach and profit margins.
BK Technologies Corporation (BKTI) has secured a new strategic customer agreement with a major Texas city’s wildland fire department, showcasing its BKR 5000 Digital P-25 portable communications technology. This technology, part of a new multi-band product line, aims to enhance public safety communications amidst ongoing wildfire crises, which had an estimated economic impact of $130-$150 billion in 2020. The BKR 5000 offers tiered customization for mission-critical needs and aims to expand BK's market share in the public safety sector.
BK Technologies Corporation (NYSE American:BKTI) will host an investor conference call on March 4, 2021, at 9:00 a.m. EST to discuss its operating results for the fourth quarter and twelve months ending December 31, 2020. Timothy Vitou, President, and William Kelly, CFO, will lead the call. Financial results will be released after market close on March 3, 2021. Interested parties can join by calling 888-506-0062 (international: 973-528-0011) or via webcast at www.bktechnologies.com. A recording will be available post-call until March 11, 2021.
BK Technologies Corporation (NYSE American: BKTI) announced securing new business from a Virginia municipal fire department for its BKR 5000 Digital P-25 portable communication technology and KNG mobile communications solutions. BK President Tim Vitou expressed satisfaction with the growing adoption of the KNG Series, indicating its adaptability to first responders' needs. The BKR 5000 offers customizable options tailored to mission-critical requirements and is expected to enhance BK's market presence and growth potential.
BK Technologies Corporation (BKTI) announced a new order from a Texas county fire department for its BKR 5000 Digital P-25 portable communications technology. This advanced system features Bluetooth, GPS, and a rugged design suitable for severe weather conditions. The new communications technology aims to enhance public safety operations. BK’s President highlighted the importance of providing reliable equipment to firefighters during increasing turbulent weather events. The BKR 5000 is positioned to expand BK's market presence in critical verticals.
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.