Bk Technologies, Inc. SEC Filings

BK Technologies (BKTI) reported stronger Q3 2025 results. Sales were $24.4 million, up from $20.2 million a year ago, and gross margin improved to 49.9% from 38.8%, reflecting product mix, price actions related to tariffs, and material cost improvements. Operating income rose to $4.8 million and net income reached $3.4 million, or $0.93 per basic share ($0.87 diluted).

For the nine months ended September 30, 2025, sales were $64.6 million with net income of $9.3 million. Cash and cash equivalents were $21.5 million as of September 30, 2025, supporting working capital of about $33.8 million. Backlog was approximately $24.5 million as of September 30, 2025. Shares outstanding were 3,732,241 as of October 31, 2025.

Subsequent events: the revolving credit line with Fifth Third was amended to a maximum commitment of $14.0 million, extended to October 30, 2028, at SOFR plus 1.75%–2.25%, with a requirement to maintain a $0 balance for 30 consecutive days each year. Since October 1, 2025, the company repurchased 10,205 shares at an average price of $67.22.

BK Technologies (BKTI) reported that it announced financial and operating results for the third quarter ended September 30, 2025. The company furnished a press release as Exhibit 99.1 and an earnings presentation as Exhibit 99.2.

The company scheduled a conference call and webcast at 9:00 a.m. Eastern Time on November 6, 2025 to discuss the results. The materials are available on the investor relations page. The disclosures in Items 2.02 and 7.01 are furnished and not deemed filed under the Exchange Act.

BK Technologies Corporation amended its revolving credit facility with Fifth Third Bank. The amendment removes the borrowing base requirement on the existing $6.0 million revolver and adds an accordion that, if conditions are met, increases borrowing capacity by up to $8.0 million, for a total maximum commitment of $14.0 million. The maturity was extended to October 30, 2028.

The amendment introduces a new covenant requiring the outstanding principal to be $0 for at least 30 consecutive days during each annual period ending October 30. Interest on advances will accrue at SOFR + 1.75% to 2.25% per annum, based on total debt coverage ratios. RELM Communications, Inc. was released from its guarantor obligations. The amendment is filed as Exhibit 10.1.

BK Technologies (BKTI): Schedule 13G/A (Amendment No. 2) reports updated beneficial ownership positions as of the event date 09/30/2025.

Hilve Holdings Ltd directly holds 280,000 shares of common stock. Valdor Global DMCC directly holds 32,331 shares, and Ingenium Foundation, as Valdor’s sole shareholder, may be deemed to beneficially own those 32,331 shares. Mikhail Stiskin, as sole shareholder of Hilve and founder and sole beneficiary of Ingenium, may be deemed a beneficial owner representing 8.4% of the class.

Percentages are based on 3,733,664 shares outstanding as of August 7, 2025, as reported in the company’s Form 10-Q filed on August 14, 2025. The filing states the securities were not acquired and are not held for the purpose or effect of changing or influencing control, consistent with a passive ownership intent.

BK Technologies Corporation detected potentially suspicious activity in its information technology systems on or about September 20, 2025 and reported the event in a Current Report dated October 6, 2025. The company isolated affected systems, engaged external cybersecurity advisors, and believes the third party has been removed and access to impacted information has been restored. A limited number of non-critical systems experienced minor disruption, and operations have continued in all material respects. The incident may have involved unauthorized access to non-public records, potentially including current and former employee records; the company is investigating scope and notifying law enforcement, affected parties, and regulators as appropriate. Management expects a significant portion of direct containment, investigation, and remediation costs to be recovered through insurance, and currently does not believe the incident is reasonably likely to materially impact financial condition or results of operations.

Branko Avanic, Chief Technology Officer of BK Technologies Corp (BKTI), reported routine sales of company stock tied to vested restricted stock units. The Form 4 shows three non-derivative sales: 2,031 shares sold on 09/05/2025 at $68.8919 per share to cover tax obligations from vested RSUs; and two sales on 09/08/2025 totaling 2,000 shares (1,921 at a weighted average $68.3754 and 79 at $69.141), with prices disclosed as weighted averages from multiple transactions. After these dispositions the reporting person beneficially owned 10,969 shares, held directly. The filing attaches a power of attorney as Exhibit 24 and includes the reporting person’s signature.

BK Technologies Corporation filed a Rule 144 notice reporting a proposed sale of 2,000 common shares through APEX CLEARING on the NYSE American with an aggregate market value of $132,780. The shares were originally acquired as a stock award from BK Technologies Corporation on 06/23/2023, totaling 15,000 shares granted at that time and paid as executive compensation. The filer reports no sales of issuer securities in the past three months and represents an absence of undisclosed material adverse information.

Askeladden Capital Management LLC and Samir Patel disclosed beneficial ownership of 170,016 shares of BK Technologies Corp common stock, representing 4.6% of the class based on 3,733,664 shares outstanding as reported in the issuer's quarterly report. The shares are held in separately managed accounts for advisory clients and both Askeladden and Mr. Patel report shared voting and shared dispositive power over the 170,016 shares while claiming no sole voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

BK Technologies Corp (BKTI) director Ellen O'Hara reported a sale of 100 shares of the company's common stock on 08/28/2025 at a reported price of $71.715 per share. After the reported transaction, the filing states Ms. O'Hara beneficially owns 2,040 shares directly. The Form 4 was signed by Scott A. Malmanger as attorney-in-fact on 08/28/2025. The filing identifies the reporting person as a director and indicates this is a Form 4 filed by one reporting person.