Bk Technologies, Inc. Stock Price, News & Analysis

BK Technologies Corporation (NYSE American: BKTI) announced a $7.8 million purchase order from the U.S. Department of Agriculture Forest Service for its BKR 5000 portable communications technology. This order is part of a 5-year Blanket Purchase Agreement and follows recent USFS orders worth $8.9 million. Year-to-date, BK Technologies has surpassed $60 million in new order bookings, breaking its previous record of $55.5 million set in 2021. The CEO emphasized the company's strong relationship with the USFS and the importance of reliable communication in challenging environments.

BK Technologies Corporation (NYSE American: BKTI) will hold an investor conference call on August 11, 2022, at 9:00 a.m. ET to discuss its operating results for the second quarter and six months ended June 30, 2022. The financial results will be released prior to the call. Interested parties can join via phone or web, with international participants provided with specific dialing instructions. A replay will be available for one hour after the call until August 18, 2022. The company focuses on manufacturing high-quality communications equipment for public safety professionals.

BK Technologies Corporation (NYSE American: BKTI) announced six purchase orders worth approximately $8.9 million from the United States Department of Agriculture Forest Service (USFS). These orders are part of a five-year blanket purchase agreement aimed at upgrading USFS's communication systems with the BKR 5000 portable communications technology. Additionally, BK Technologies has opened a second production line for the BKR 5000 at its West Melbourne, Florida facility to meet the increased demand and alleviate backlog.

BK Technologies Corporation (NYSE American: BKTI) has declared a quarterly dividend of $0.03 per common share, payable on August 8, 2022, to stockholders on record as of July 25, 2022. This marks the company's 25th consecutive quarter of dividend payments, reflecting its commitment to returning value to shareholders, according to Chairman Kyle Cerminara. BK Technologies specializes in high-quality communications equipment for public safety and government entities, showcasing a deep commitment to serving these professionals.

BK Technologies Corporation (NYSE American: BKTI) announced the appointment of Kyle Cerminara as the new Chairman of the Board, succeeding Major General (Ret.) E. Gray Payne who remains a board member. Cerminara has over 20 years of financial and managerial experience and previously served as Chairman from 2017 to 2020. He co-founded Fundamental Global, the largest stockholder of BK Technologies. The company, headquartered in West Melbourne, FL, manufactures high-specification communications equipment for public safety professionals.

BK Technologies announced the appointment of Scott Malmanger as interim Chief Financial Officer, effective July 1, 2022, following the retirement of Bill Kelly. Malmanger has extensive experience in strategic planning, M&A, and public company reporting, having previously served as CFO for OneroRX and iCoreConnect. He will guide the company during a transitional phase, with Kelly remaining as an advisor. The company continues its search for a permanent CFO, aiming to enhance financial strategies amidst growth opportunities.

BK Technologies Corporation reported record first quarter bookings of $15.7 million driven by strong demand for the BKR 5000 line amidst ongoing supply chain constraints. Revenue decreased by 23.1% to $6.6 million, with a gross profit margin of 22.4%. The company faced an operating loss of ($3.4 million) and a net loss of ($3.9 million), reflecting challenges in converting orders to revenue. Additionally, BK launched a new SaaS solutions business unit targeting the public safety market and ended the quarter with $6.4 million in cash and minimal debt.

BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call on May 12, 2022, at 9:00 a.m. ET, to discuss its first-quarter operating results for the period ending March 31, 2022. The Company plans to release its financial results before the call. Interested parties can join the call by dialing (888) 506-0062 or (973) 528-0011 for international participants. The call will also be webcast on the Company’s website, with an online archive available for 30 days after.

BK Technologies manufactures high-quality communications equipment for public safety, ensuring reliable service for professionals in critical situations.

BK Technologies Corporation (NYSE American:BKTI) has received a $1.7 million purchase order from the U.S. Department of Agriculture Forest Service for its BKR 5000 portable communications technology. This order is part of a 5-year Blanket Purchase Agreement established in May 2021, supporting the agency's migration to newer communications platforms.

BK Technologies aims to enhance communications for wildland fire management, ensuring safety and efficiency for field personnel.