Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (NYSE American:BKTI) will host an investor conference call on May 4, 2023, at 9:00 a.m. ET to discuss its first-quarter operating results ending March 31, 2023. Financial results will be released prior to the call on the same day.

Shareholders can join the call by dialing (888) 506-0062 for domestic participants or (973) 528-0011 for international calls, using access code 582671. The call will also be webcasted, with slides available here.

A replay will be accessible after the call until May 11, 2023 by dialing (877) 481-4010, with the passcode 48250. BK Technologies provides high-reliability communications equipment for public safety and government sectors.

BK Technologies Corporation (NYSE American: BKTI) announced a purchase order worth $970,000 from the Oregon/Washington Bureau of Land Management for its BKR 5000 radios. This order supports the agency's lifecycle replacement program for communications technology across 16.1 million acres of public land in the Pacific Northwest. CEO John Suzuki emphasized the importance of reliable communication in managing remote terrains. The company continues to focus on delivering high-quality communications equipment for public safety and government agencies. The order underscores the long-standing relationship between BK Technologies and BLM Oregon/Washington, showcasing confidence in BK's product performance.

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.