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Stock impact report

BK Technologies Announces Third Quarter 2024 Results [Yahoo! Finance]

BK Technologies Corporation (BKTI) 
Company Research Source: Yahoo! Finance
WEST MELBOURNE, FL / ACCESSWIRE / November 14, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the third quarter and nine months ended September 30, 2024. The Company will host a conference call today, November 14, 2024, at 9:00 a.m. Eastern Time. Third Quarter 2024 Financial and Operational Update Revenue of $20.2 million was consistent with revenue in the third quarter of 2023. Gross margin of 38.8% improved as compared to gross margin of 31.9% in the same period last year and improved sequentially as compared to gross margin of 37.3% in the second quarter of 2024. Company achieved GAAP earnings $0.67 per basic and $0.63 per diluted share; non-GAAP adjusted earnings 1 of $0.75 per basic and $0.71 per diluted share. Order backlog was $27.0 million at September 30, 2024, compared to $21.8 million at September 30, 2023 and to $26.9 million at June 30, 2024. The Company anticipates Show less Read more
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