BKTI News & Events

Reports Q1 revenue $21.3M vs. $19.1M last year. John Suzuki, CEO of BK Technologies, commented, "Our first quarter performance represents a successful start to our Vision 2030 mission. Revenue growth, gross margin above 50%, and a record cash balance, all underscore the benefits of our disciplined operating model, favorable product mix and increasing adoption of our innovative products and solutions. Our Vision 2030 roadmap is built around capturing two powerful market transitions, most notably the shift from single-band to multiband wireless connectivity and the evolution from in-vehicle to on-person broadband solutions. This quarter's results reflect continued demand for our BKR Series radios, particularly the multiband BKR 9000, and the benefits of our improved product mix. During the quarter, we continued to make targeted investments in product development and innovation, leading to the public debut of the BKR 9500 multiband mobile radio at FDIC International last month. The BKR9500 expands our presence into the mobile radio market and represents an important extension of our multiband product strategy. Our conviction behind diligent investments in engineering and product development is anchored by our focus on delivering purpose-built, high-performance multiband BKR Series radios and innovative software solutions under our BK ONE platform. We believe BK Technologies is exceptionally well positioned to capture a larger share of the public safety communications market and remain confident in our strategy, our team and our ability to deliver sustainable long-term growth. We remain focused on disciplined revenue growth, margin expansion, cash generation, and delivering reliable mission-critical communications solutions that support first responders and create long-term value for shareholders."

Reiterating full year 2026 targets: $90 million in revenue, gross margin of +50%, GAAP EPS of over $3.15 per diluted share, and non-GAAP adjusted EPS of $3.55 per diluted share. These targets reflect expensing of engineering costs that were previously capitalized.

BK Technologies will showcase its BKR9500 Multiband Mobile radio at the upcoming Fire Department Instructors Conference, taking place in Indianapolis, Indiana, from April 23-25. As the companion in-vehicle mobile radio to the BKR9000 portable handheld radio, the BKR9500 builds on the Company's BKR series, delivering true multiband performance designed to improve interoperability across agencies at a budget-conscious price point. The Company expects the BKR9500 showcase to drive early customer engagement and initial order activity, supporting backlog growth, especially with the Company's existing customer base. The BKR9500 provides a direct upgrade path from the widely deployed KNG Series P25 single-band mobile radio and supports a seamless transition to multiband systems with minimal operational disruption.

BK Technologies announced the nomination of Bradley Stoddard to its Board of Directors, effective upon approval at the Annual Meeting of Shareholders on June 18. Stoddard currently serves as the Director of Michigan's Public Safety Communications System and the Statewide Interoperability Coordinator. In connection with this nomination, Ellen O'Hara has informed the Board of her decision not to stand for re-election and will transition to an advisory role with the Company