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BK Technologies Corp
BKTICIK 0000002186NYSENon-AcceleratedSmaller ReportingRadio & Tv Broadcasting & Communications EquipmentNevadaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$13.54M
Total Assets
$63.76M
Equity
$44.70M
Shares Out
3.79M
Op. Cash Flow
$19.44M
Business
BK Technologies Corp is a holding company whose operating subsidiary provides public safety-grade communications products and services for first responders. The company designs, manufactures and markets two-way land mobile radios (portable and mobile LMRs) and delivers SaaS public-safety smartphone applications, including the BKRplay app and InteropONE PTTOC service. Its key business segments are Radio and SaaS, with engineering, product development and contract manufacturing supporting both lines. BK sells primarily to government and public safety customers, military and commercial users, through direct sales, two-way communications dealers and SaaS resellers in North America and internationally.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Sales, net | 86 | 77 | 74 | — | — | |
| Cost of products | 44 | 48 | 52 | 41 | — | |
| Gross margin | 42 | 29 | — | — | — | |
| Engineering and product development | 11 | 8 | — | — | — | |
| Marketing and selling | 8 | 6 | — | — | — | |
| General and administrative | 8 | 7 | — | — | — | |
| Total selling, general and administrative expenses | 26 | 21 | 23 | 21 | 17 | |
| Operating income | 16 | 8 | −800,000 | −11 | −1 | |
| Net interest income (expense) | 265,000 | −266,000 | −575,000 | — | — | |
| Gain on disposal of property, plant, and equipment | 0 | 2,000 | 0 | — | 40,000 | |
| (Loss) on investments | 0 | −91,000 | −740,000 | −313,000 | −219,000 | |
| Other (expense) | −135,000 | −98,000 | −84,000 | — | — | |
| Total other income (expense) | 130,000 | −453,000 | −1 | — | −318,000 | |
| Income before income taxes | 16 | 7 | −2 | −12 | −2 | |
| Provision for income tax (expense) benefit | −3 | 984,000 | −54,000 | 0 | −187,000 | |
| Net income | 14 | 8 | −2 | −12 | −2 | |
| Net income per share-basic (in dollars per share) | 3.69 | 2.35 | −0.65 | — | −0.11 | |
| Net income per share-diluted (in dollars per share) | 3.44 | 2.25 | −0.65 | — | −0.11 | |
| Weighted average shares outstanding-basic (in shares) | 4 | 4 | 3 | 16,911 | 14,941 | |
| Weighted average shares outstanding-diluted (in shares) | 4 | 4 | 3 | — | 15 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 23 | 7 | 3 | 2 | 11 | |
| Trade accounts receivable, net | 7 | 7 | 8 | 11 | 8 | |
| Inventories, net | 16 | 18 | 24 | 22 | 17 | |
| Prepaid expenses and other current assets | 3 | 5 | 2 | 2 | 2 | |
| Total current assets | 49 | 37 | 37 | 36 | 37 | |
| Property, plant and equipment, net | 4 | 5 | 5 | 5 | 5 | |
| Operating lease right-of-use (ROU) assets | 2 | 1 | 2 | 2 | 2 | |
| Deferred tax assets, net | 5 | 7 | 4 | 4 | 4 | |
| Capitalized software and systems integration costs | 3 | 1 | — | — | — | |
| Other assets | 471,000 | 410,000 | 422,000 | 143,000 | 98,000 | |
| Total assets | 64 | 51 | 49 | 49 | 50 | |
| Accounts payable | 5 | 6 | 10 | 13 | 6 | |
| Accrued compensation and related taxes | 2 | 2 | 1 | — | 1 | |
| Accrued warranty expense | 760,000 | 1 | 722,000 | — | — | |
| Accrued other expenses and other current liabilities | 335,000 | 2 | 363,000 | 700,000 | 938,000 | |
| Short-term operating lease liabilities | 610,000 | 571,000 | 525,000 | 485,000 | — | |
| Deferred revenue | 3 | 2 | 1 | — | — | |
| Total current liabilities | 12 | 14 | 20 | 23 | 12 | |
| Long term operating lease liabilities | 965,000 | 714,000 | 1 | 2 | — | |
| Deferred revenue | 6 | 7 | 6 | — | — | |
| Total liabilities | 19 | 22 | 28 | 29 | 18 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock; $0.60 par value; 10,000,000 authorized shares; 4,092,056 and 3,913,959 issued and 3,733,733 and 3,571,879 outstanding shares as of December 31, 2025 and 2024, respectively | 2 | 2 | 2 | 2 | 11 | |
| Additional paid-in capital | 52 | 49 | 49 | 45 | 36 | |
| Accumulated deficit | −2 | −16 | −24 | −22 | −9 | |
| Treasury stock, at cost, 358,323 and 342,080 shares as of December 31, 2025, and 2024, respectively | −7 | −6 | −5 | — | — | |
| Total stockholders equity | 45 | 30 | 21 | 20 | 33 | |
| Total liabilities and stockholders equity | 64 | 51 | 49 | 49 | 50 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Allowance for credit losses | 59,000 | 122,000 | 0 | — | — | |
| Inventory allowance | 890,000 | 367,000 | 591,000 | — | 700,000 | |
| Amortization of deferred finance and other assets | 0 | 75,000 | 150,000 | — | — | |
| Deferred tax expense (benefit) | 2 | −3 | 0 | 0 | — | |
| Depreciation and amortization | 2 | 2 | 2 | 1 | 1 | |
| Loss on investment | 0 | 91,000 | 740,000 | — | — | |
| (Gain) on sale of equipment | 0 | −2,000 | 0 | — | 72 | |
| Trade accounts receivable | 69,000 | 431,000 | 3 | −3 | −2 | |
| Inventories | 884,000 | 6 | −2 | −5 | −7 | |
| Prepaid expenses and other current assets | 2 | −3 | −314,000 | 56,000 | 244,000 | |
| Other assets | −61,000 | 12,000 | −279,000 | −45,000 | 14,000 | |
| Operating lease ROU assets and lease liabilities | −84,000 | −68,000 | −54,000 | −38,000 | −23,000 | |
| Accounts payable | −2 | −3 | −3 | — | 764,000 | |
| Accrued compensation and related taxes | 134,000 | 987,000 | 159,000 | 44,000 | −536,000 | |
| Accrued warranty expense | −248,000 | 286,000 | 131,000 | 58,000 | — | |
| Deferred revenue | 323,000 | 1 | 3 | — | — | |
| Accrued other expenses and other current liabilities | −2 | 2 | −338,000 | — | — | |
| Net cash provided by operating activities | 19 | 13 | 2 | −9 | −6 | |
| Purchases of property, plant and equipment | −1 | −1 | −2 | −2 | −2 | |
| Capitalized software and systems integration costs | −2 | −1 | — | — | — | |
| Proceeds for disposal of property, plant and equipment | 2,000 | 0 | — | — | — | |
| Net cash (used in) investing activities | −3 | −3 | −2 | −2 | −2 | |
| Proceeds from exercise of common stock options | 598,000 | 32,000 | 1 | 0 | 11,559 | |
| Repurchase of common stock | −1 | 0 | — | — | 0 | |
| Proceeds from credit facility and notes payable | 0 | 46 | 75 | — | — | |
| Repayment of credit facility and notes payable | 0 | −53 | −75 | — | — | |
| Net cash (used in) financing activities | −595,000 | −7 | 2 | 2 | 12 | |
| Net change in cash and cash equivalents | 16 | 4 | 2 | −9 | 4 | |
| Interest paid | 0 | 357,000 | 660,000 | 190,000 | 53,000 | |
| Common stock issued under restricted stock units | 732,000 | 376,000 | 890,000 | — | — | |
| Cashless exercise of stock options, warrants and related conversion of net shares to stockholders equity | 146,000 | 30,000 | 4,000 | — | — |
Filings
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