BK Technologies Corp (BKTI) Q3 2024 Earnings Call Highlights: Profitability Streak Continues ... [Yahoo! Finance]
BK Technologies Corporation (BKTI)
Company Research
Source: Yahoo! Finance
BK Technologies Corp ( BKTI ) achieved its fifth consecutive quarter of profitability with GAAP earnings per share of 67. The company reported strong order activity for its BKR 5,000 and BKR 9,000 radios, contributing to a robust backlog of $27 million. Gross margins improved to 38.8% in the quarter, driven by strategic cost reduction initiatives and a shift in product mix. The transition to East West manufacturing has resulted in lower product costs and is expected to continue enhancing gross margins. BK Technologies Corp ( BKTI ) raised its full-year GAAP EPS target to exceed $1.65 per share, up from the previous target of $1.50. The company anticipates weaker order activity in Q4 due to the fiscal year-end for federal government customers, which represent a significant portion of its business. Despite improvements, the gross margin target of 50% is yet to be achieved, with potential fluctuations expected in the interim. The development of the BKR 9,500 mobile radio i
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BKTI
News
- BKTI Stock Rises After Q3 Earnings Boost Margins and Profitability [Yahoo! Finance]Yahoo! Finance
- BK Technologies Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- BK Technologies Announces Third Quarter 2024 ResultsAccesswire
- BK Technologies to Host Third Quarter 2024 Conference Call on Thursday, November 14, 2024Accesswire
- BK Technologies Receives $3.3 Million Purchase Order for BKR 9000 Radios from the Florida Forest ServiceAccesswire
BKTI
Sec Filings
- 11/14/24 - Form 8-K
- 11/14/24 - Form 10-Q
- 11/6/24 - Form 8-K
- BKTI's page on the SEC website