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Earnings
BK Technologies reports Q2 EPS (26c) vs. 13c last yer » 08:46
08/11/22
08/11
08:46
08/11/22
08:46
BKTI

BK Technologies

$2.60 /

-0.01 (-0.38%)

Reports Q2 revenue $12.1M…

Reports Q2 revenue $12.1M vs. $11.3M last year. "Our BKR 5000 line of portable radios and accessories saw continued market strength, resulting in record second quarter bookings of $19 million," stated John Suzuki, CEO of BK Technologies."Our communications equipment has a proven track record and excellent reputation for reliability and durability, particularly in the remote landscapes where many of our customer agencies respond to emergencies, natural disasters and wildfires. As these crisis situations appear to be growing in frequency and intensity, we remain committed to providing the communications solutions that keep first responders safe as they protect the communities and geographies they secure. As we've previously discussed, component shortages and supply chain challenges have impacted our ability to convert orders to shipments. We saw shipment activity resume at a more historical pace in the second quarter as we addressed these shortages, however margins were compressed related to the high cost of certain components. In addition, we added a second BKR 5000 manufacturing line in our Melbourne, Florida facility to increase our production capacity. We are seeing improvement in the supply chain and an easing of component shortages and believe that as we move through the second half of 2022, we are well positioned to fulfill a significant portion of our backlog orders and drive improved margin performance. Finally, we're making solid progress with our SaaS business unit, and we're energized by our goal to deliver a scalable smartphone application that will deliver unique SaaS services to the public safety market. Development of our first application is underway and expected to launch during the fourth quarter of 2022, with revenue generation commencing in early 2023. By expanding our offerings to include this enhanced capability, we believe we will create the opportunity to address a broader market audience within the public safety communications market and drive additional BKR Series radio sales."

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BKTI BK Technologies
$2.60 /

-0.01 (-0.38%)

BKTI BK Technologies
$2.60 /

-0.01 (-0.38%)

Over a week ago
Hot Stocks
BK Technologies awarded $8.9M in purchase orders from USDA Forest Service » 08:48
07/26/22
07/26
08:48
07/26/22
08:48
BKTI

BK Technologies

$2.48 /

+0.07 (+2.90%)

BK Technologies announced…

BK Technologies announced that it has received six purchase orders for a total value of approximately $8.9 million from the United States Department of Agriculture Forest Service for its KNG mobile and BKR 5000 portable communications technology. The purchase orders are part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021, and reflect the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. Additionally, the Company announced that effective July 1, 2022 it has opened a second production line for the BKR 5000 at its manufacturing facility in West Melbourne, Florida.

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BKTI BK Technologies
$2.48 /

+0.07 (+2.90%)

BKTI BK Technologies
$2.48 /

+0.07 (+2.90%)

Hot Stocks
BK Technologies gets $8.9M in purchase orders from from USDA Forest Service » 08:44
07/26/22
07/26
08:44
07/26/22
08:44
BKTI

BK Technologies

$2.48 /

+0.07 (+2.90%)

BK Technologies announced…

BK Technologies announced that it has received six purchase orders for a total value of approximately $8.9M from the United States Department of Agriculture Forest Service, USFS, for its KNG mobile and BKR 5000 portable communications technology. The purchase orders are part of the Company's 5-year Blanket Purchase Agreement, BPA, with the U.S. Department of Agriculture, announced in May 2021, and reflect the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. John Suzuki, CEO of BK Technologies commented, "We're pleased to continue our strong relationship with the USFS as they continue to upgrade their mobile equipment and technology with our BR 5000 portable communications platform. The USFS is committed to ensuring the safety and efficiency of their personnel tasked with wildland fire prevention and fire rescue across vast landscapes, and our BKR 5000 plays a pivotal role providing reliable communications capabilities in rugged environments. In addition to providing durable and consistent communications technology, the BKR 5000 is compatible with legacy radios and equipment, as the agency conducts a systemwide transition. We look forward to continuing to support the USFS with our state-of-the-art communications platform and equipment."

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BKTI BK Technologies
$2.48 /

+0.07 (+2.90%)

BKTI BK Technologies
$2.48 /

+0.07 (+2.90%)

Over a month ago
Hot Stocks
BK Technologies appoints Kyle Cerminara as chairman » 09:28
07/06/22
07/06
09:28
07/06/22
09:28
BKTI

BK Technologies

$2.25 /

-0.33 (-12.79%)

BK Technologies…

BK Technologies Corporation announced that board member Kyle Cerminara has been named Chairman of the Board of Directors. Mr. Cerminara replaces Major General E. Gray Payne, who will remain a board member. Mr. Cerminara was appointed to the Board of Directors in July 2015 and served as Chairman from March 2017 until April 2020.

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BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

Hot Stocks
BK Technologies appoints Scott Malmanger as interim CFO » 09:25
07/06/22
07/06
09:25
07/06/22
09:25
BKTI

BK Technologies

$2.25 /

-0.33 (-12.79%)

BK Technologies announced…

BK Technologies announced that its Board of Directors has appointed Scott Malmanger as a consultant to serve as the Company's interim Chief Financial Officer effective July 1st, 2022, succeeding Bill Kelly who is retiring from the Company in accordance with his previously announced plans. Mr. Kelly has agreed to remain available to the Company in an advisory role to ensure a smooth transition. Malmanger most recently served as Chief Financial Officer of OneroRX, a provider of telepharmacy services, from October 2019 to October 2021.

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BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

Hot Stocks
BK Technologies says board member Kyle Cerminara named Chairman » 08:42
07/06/22
07/06
08:42
07/06/22
08:42
BKTI

BK Technologies

$2.25 /

-0.33 (-12.79%)

BK Technologies announced…

BK Technologies announced that board member Kyle Cerminara has been named Chairman of the Board of Directors. Mr. Cerminara replaces Major General E. Gray Payne, who will remain a board member.

ShowHide Related Items >><<
BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

Hot Stocks
BK Technologies names Scott Malmanger as interim CFO » 08:34
07/06/22
07/06
08:34
07/06/22
08:34
BKTI

BK Technologies

$2.25 /

-0.33 (-12.79%)

BK Technologies has…

BK Technologies has appointed Scott Malmanger as a consultant to serve as the company's interim CFO effective July 1, succeeding Bill Kelly who is retiring from the company in accordance with his previously announced plans. Kelly has agreed to remain available to the company in an advisory role to ensure a transition.

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BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

BKTI BK Technologies
$2.25 /

-0.33 (-12.79%)

Over a quarter ago
Earnings
BK Technologies reports Q1 EPS (23c) vs. (5c) last year » 08:39
05/12/22
05/12
08:39
05/12/22
08:39
BKTI

BK Technologies

$2.37 /

-0.04 (-1.66%)

Reports Q1 revenue $6.6M…

Reports Q1 revenue $6.6M vs. $8.6M last year."Market demand for our BKR 5000 line of communications equipment and accessories remains strong and drove record first quarter 2022 bookings of $15.7 million," commented John Suzuki, CEO of BK. "The BKR 5000 has demonstrated success and consistency as a portable communications technology ideally suited not only for day-to-day land management and forestry maintenance, but also wildland fire and emergency response situations. Wildfire season, which has historically peaked in the July through October time period, is now longer in duration and intensity and our equipment plays an integral role in the effective communications infrastructure keeping first responders safe while in the field. During January and February we continued to contend with certain component shortages which hampered our ability to convert our record orders to revenue. While the supply chain challenges continue to persist, during March and to date in the second quarter we have seen the restoration of a more normalized shipping cadence. During the first quarter we launched our business unit dedicated to the development of software-as-a-service solutions. A longstanding goal of BK has been to expand our offerings beyond the traditional land mobile radio and we believe our establishment of this new division will more competitively position us as a leader in the rapidly changing public safety communications market. We've already filed for three patents related to these new services, and we're currently developing a BK branded smartphone application that will tether a first responder's BKR series radio to his or her smartphone, delivering an entirely new set of services to increase safety and productivity. Our goal is to create a scalable, high margin product focused on device interoperability. With these offerings, we have a significant opportunity to increase our market reach beyond fire rescue and mitigation to penetrate markets including the military, law enforcement, and emergency response, to name a few."

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BKTI BK Technologies
$2.37 /

-0.04 (-1.66%)

BKTI BK Technologies
$2.37 /

-0.04 (-1.66%)

  • 07
    Jun
Hot Stocks
BK Technologies awarded $1.7M purchase order from USFS » 08:48
04/14/22
04/14
08:48
04/14/22
08:48
BKTI

BK Technologies

$2.29 /

-0.04 (-1.72%)

BK Technologies…

BK Technologies Corporation announced that it has received a purchase order valued at $1.7 million from the United States Department of Agriculture Forest Service for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021, and reflects the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. The United States Forest Service is an agency of the U.S. Department of Agriculture that administers the nation's 154 national forests and 20 national grasslands. The Forest Service manages 193 million acres of land.

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BKTI BK Technologies
$2.29 /

-0.04 (-1.72%)

BKTI BK Technologies
$2.29 /

-0.04 (-1.72%)

  • 07
    Jun
Hot Stocks
BK Technologies receives $1.7M purchase order for BKR 5000s from USFS » 08:40
04/14/22
04/14
08:40
04/14/22
08:40
BKTI

BK Technologies

$2.29 /

-0.04 (-1.72%)

BK Technologies …

BK Technologies announced that it has received a purchase order valued at $1.7M from the United States Department of Agriculture Forest Service USFS for its BKR 5000 portable communications technology. The purchase order is part of the Company's 5-year Blanket Purchase Agreement with the U.S. Department of Agriculture, announced in May 2021, and reflects the agency's commitment to its lifecycle replacement program designed to migrate to newer, more effective portable communications platforms. Tim Vitou, President of BK Technologies commented, "We have enjoyed a long and mutually beneficial relationship with the USFS we are pleased to continue supporting their transition to new mobile equipment and technology by providing our BKR 5000 portable communications platform. With the responsibility of effectively coordinating wildland fire management mitigation across vast sections of land, the USFS is committed to continuously ensuring they provide reliable communications capabilities to their field personnel for both the safety of the responders and the efficiency of their response efforts. The BKR 5000 provides accurate and durable communications technology and is also compatible with legacy radios and equipment, as the agency conducts upgrades. We are pleased to have this opportunity to continue providing our technology and equipment to the USFS and we look forward to expanding this relationship."

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BKTI BK Technologies
$2.29 /

-0.04 (-1.72%)

BKTI BK Technologies
$2.29 /

-0.04 (-1.72%)

  • 07
    Jun

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