BKTI Stock Rises After Q3 Earnings Boost Margins and Profitability [Yahoo! Finance]
BK Technologies Corporation (BKTI)
Company Research
Source: Yahoo! Finance
This contrasts with the S&P 500 index's -0.7% change over the same time frame. Over the past month, the stock gained 15.5% compared with the S&P 500's 2.1% change. For the third quarter of 2024, BK Technologies reported revenues of $20.2 million, up 0.5% from $20.1 million achieved in the prior-year quarter. Gross margin improved significantly to 38.8% from 31.9% a year ago due to radio product and accessories sales mix and material cost improvements related to cost-reduction initiatives. The company reported a net income of $2.4 million, or $0.63 per diluted share, a substantial increase from $0.1 million, or $0.03 per share, in the year-ago period. Operating income rose 339.6% to $2.6 million from $0.6 million, reflecting strong operational efficiency improvements. For the nine months ended Sept. 30, 2024, revenue increased 1.5% to $58.7 million from $57.8 million in the same period in 2023. Gross margin for the nine months was 36.9%, up from 28.6% in the prior year. Year-to-dat
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BKTI
News
- BK Technologies Corp (BKTI) Q3 2024 Earnings Call Highlights: Profitability Streak Continues ... [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