Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies (NYSE American:BKTI) is set to present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 5:00 PM PDT. CEO John Suzuki and CFO Scott Malmanger will lead the presentation and engage in a Q&A session afterward. The event will be accessible via a webcast for those unable to attend in person.

The company invites investors to schedule 1x1 meetings during the conference to discuss opportunities. Interested participants must register through the official Planet MicroCap Showcase website.

BK Technologies focuses on high-quality communication equipment for public safety professionals, emphasizing innovation in smartphone services for first responders. The conference presentation will also be available for later viewing on the event platform.

BK Technologies Corporation (NYSE American: BKTI) has secured a purchase order worth $781,000 from the California Department of Forestry and Fire Protection (CAL FIRE) for its KNG Series mobile radio. This order underscores the ongoing partnership between BK Technologies and CAL FIRE, which relies on the company to provide advanced communications technology vital for fire protection. The KNG Series is recognized for its reliability and customization options, reinforcing BK Technologies' commitment to supporting public safety across California's extensive wildlands. The company is headquartered in West Melbourne, Florida, and focuses on manufacturing high-quality communications equipment.

BK Technologies Corporation (NYSE American: BKTI) announced a 1-for-5 reverse stock split effective April 21, 2023. This action aims to enhance the stock's market price and accessibility for investors, particularly those facing challenges with holding shares below $5. The split will reduce the number of shares from approximately 17 million to about 3.4 million, with authorized shares decreasing from 50 million to 10 million. Stockholders will not need to take action, as fractional shares will be rounded up to the nearest whole share. The initiative aligns with the company's goal to improve its shareholder base and overall stock market presence.

BK Technologies Corporation (NYSE American: BKTI) will attend the International Wireless Communications Expo (IWCE) 2023 in Las Vegas from March 27 to March 30, showcasing its innovative products. The company will exhibit the BKR 9000 multiband portable radio and its new InteropONE service, enhancing group communications for first responders. Stephen Theisen, VP of Sales, emphasized the significance of IWCE in public safety communications. The event is expected to draw over 5,000 attendees. BK Technologies manufactures reliable communication equipment and is committed to supporting public safety professionals.

BK Technologies reported record revenue of $51 million for 2022, up 12% year-over-year, with fourth-quarter revenue at $20.3 million, a 58% increase from last year. The fourth quarter's gross margin was 22%, down from 36% due to material and freight cost increases. The company closed 2022 with a backlog of $27 million, double the previous year's $13 million. Operating loss for 2022 totaled ($11.1 million), compared to ($1.2 million) in 2021. The board has suspended the quarterly dividend to focus resources on growth. CEO John Suzuki emphasized the company's adaptability amid supply chain challenges and strong demand for its BKR product line.

BK Technologies Corporation (NYSE American: BKTI) has announced its first purchase order for the InteropONE PTToC service from a major public safety agency in a top five U.S. metropolitan area. This service enhances multi-agency incident responses by allowing first responders to communicate seamlessly, regardless of their cellular network or existing PTToC services.

CEO John Suzuki highlighted that this order follows successful field trials, emphasizing the service's ability to connect various agencies for effective emergency communication. BK Technologies aims to improve public safety and ensure swift response times through its innovative services.

BK Technologies Corporation (NYSE American:BKTI) announced a reseller agreement with WidePoint Corporation for the resale of its InteropONE PTToC service to the U.S. Department of Homeland Security (DHS) and the U.S. Department of State. This service enhances communication among first responders by enabling dynamic user group creation without network pre-provisioning. Under WidePoint's CWMS contract, multiple agencies like the U.S. Coast Guard and FEMA will utilize this service. Both companies express optimism about the collaboration, citing favorable initial feedback from ongoing field trials and the increasing reliance on smartphone communications in emergency scenarios.

BK Technologies Corporation (NYSE American: BKTI) announced a $1.4 million purchase order from the Washington State Department of Natural Resources (DNR) for its BKR 5000 portable communications technology. This follows a similar order made in December 2022, also valued at $1.4 million. CEO John Suzuki emphasized the DNR's long-standing relationship with BK Technologies, noting their reliance on the BKR 5000 for wildland fire suppression and emergency response. The DNR plays a crucial role in managing Washington's natural resources, supporting over 600 personnel in wildfire efforts across more than 13 million acres.

BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call on March 16, 2023, at 9:00 a.m. ET to discuss its operating results for the fourth quarter and the full year ended December 31, 2022. Prior to the call, the company will release its financial results. Interested parties can join the call by dialling (888) 506-0062, with international participants using (973) 528-0011 and access code: 211913. The call will also be available via a webcast. An online archive will be accessible for 30 days after the call. BK Technologies specializes in manufacturing reliable communications equipment for public safety professionals.