BK Technologies announces Q3 adjusted EPS of $1.27, up from 71 cents last year.
Reports Q3 revenue $24.4M vs. $20.2M last year. John Suzuki, CEO of BK Technologies, commented, "This was an excellent quarter for us, reflecting strong revenue growth, margin expansion and a significant increase in profitability. Our revenue growth in the quarter was driven by robust federal order activity, including multiple purchase orders totaling $12.9 million from the USDA Forest Service. We're also seeing increased market recognition for our BKR 9000 multiband radio which commands a premium price point and helped drive margin improvement in the quarter. We ended the quarter with a record cash balance and no debt, underscoring the power of our proven, asset light model and strong operating leverage. Our financial strength provides us the flexibility to deploy capital thoughtfully, by pursuing opportunities that offer the highest return on invested capital, whether through new product innovation, strategic partnerships, or technology investments that aim to strengthen our long-term competitive position in our core public-safety communications markets. With our strong performance in the third quarter and year to date, we remain confident in our ability to meet or surpass our previously stated full-year 2025 guidance of high single-digit revenue growth, gross margin of 47%+, GAAP EPS of $3.15 per diluted share, and non-GAAP adjusted EPS of $3.80 per diluted share," Mr. Suzuki concluded.
