BK Technologies Corporation (BKTI) Market Cap
BK Technologies Corporation has a market capitalization of $299.5M.
Price: $80.00
▼ -3.00 (-3.61%)
Market Cap: 299.54M
AMEX · time unavailable
CEO: John Suzuki
Sector: Technology
Industry: Communication Equipment
IPO Date: 1980-03-18
Website: https://www.bktechnologies.com
BK Technologies Corporation (BKTI) - Company Information
Market Cap: 299.54M|Sector: Technology
Company Profile
BK Technologies Corporation, through its subsidiary, BK Technologies, Inc., engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR), repeaters, base stations, and related components and subsystems. Its BK Technologies, BKR, and BK Radio branded products include LMR equipment for professional radio users primarily in government, public safety, and military applications, as well as P-25 digital products; and RELM branded products provide two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. The company was incorporated in 1997 and is headquartered in West Melbourne, Florida.
Analyst Sentiment
From 1 Active Polls
Consensus Target Matrix
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Price & Moving Averages
🎯 Wall Street Analyst Intelligence Report
1-Year structural target targets, chart projections, and sentiment maps.
Consensus Trend Projection
Trailing closures vs. 12-month metrics map.
Analyst Vote Distribution
Aggregate institutional coverage sentiment weights.
📊 Historical Valuation Multiples
Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.
| Fiscal Quarter | TTM | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Trailing 12M | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
| Market Cap ($M) | 300 | 279 | 274 | 313 | 172 | 140 | 122 | 77 | 44 |
| Enterprise Value ($M) | 272 | 252 | 253 | 293 | 161 | 132 | 116 | 74 | 46 |
| Price to Earnings Ratio (P/E) | 21.13 | 25.27 | 16.20 | 22.80 | 11.48 | 16.43 | 8.36 | 8.17 | 6.65 |
| Price/Earnings-to-Growth Ratio (PEG) | — | — | — | 1.49 | 1.04 | 2.62 | — | — | 0.60 |
| Price to Sales Ratio (P/S) | 3.39 | 13.11 | 12.73 | 12.83 | 8.12 | 7.35 | 6.82 | 3.82 | 2.18 |
| Price to Book Ratio (P/B) | 6.27 | 5.85 | 6.13 | 7.65 | 4.67 | 4.33 | 4.10 | 2.97 | 1.89 |
| Price to Free Cash Flow Ratio (P/FCF) | 13.06 | 43.91 | 96.27 | 31.10 | 47.07 | 76.48 | 42.61 | 15.80 | 11.36 |
| Enterprise Value to Sales (EV/Sales) | — | 11.82 | 11.75 | 11.99 | 7.61 | 6.95 | 6.50 | 3.68 | 2.29 |
| Enterprise Value to EBITDA (EV/EBITDA) | 14.80 | 62.83 | 54.47 | 55.20 | 36.29 | 39.59 | 44.36 | 24.48 | 19.05 |
| Debt to Equity Ratio | -1.50 | 0.03 | 0.04 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.22 |
Valuation Model Suspended
API Payload Error: Inverted or negative baseline Free Cash Flow margin detected (-6.2%).
📘 Full Research Report
AI-Generated Research: This report is for informational purposes only.
📰 Market News & Coverage
15 Stories AvailableReal-time institutional reporting and market updates for BKTI.
BK Technologies Stock Declines Post Q1 Earnings, Revenues Up Y/Y
BKTI's first-quarter 2026 results show rising revenue, expanding margins and strong demand for BKR radios as Vision 2030 shifts toward multiband and broadband.
Bk Technologies Q1 Earnings Call Highlights
Bk Technologies NYSEAMERICAN: BKTI reported a stronger first quarter of fiscal 2026, with management citing higher demand for its BKR Series radios, an improved product mix and continued cash generation as key drivers of the period's performance.
BK Technologies Corporation (BKTI) Q1 2026 Earnings Call Transcript
BK Technologies Corporation (BKTI) Q1 2026 Earnings Call Transcript
BK Technologies Reports First Quarter of Fiscal Year 2026 Results; Record Cash Balance Achieved
Revenue: 1Q26 revenue increased by 12% to $21.3 million. Gross margins: 1Q26 gross margin expanded by over 480 basis points to 51.8%.
BK Technologies to Host First Quarter 2026 Results Conference Call on Thursday, May 14, 2026
WEST MELBOURNE, FL / ACCESS Newswire / April 30, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") will host an investor conference call with a slide presentation to discuss its operating results for the first quarter of 2026 ended March 31, 2026, on Thursday, May 14, 2026, at 9:00 a.m. ET. The Company plans to release its financial and operating results for the first quarter of 2026 ended March 31, 2026, prior to the call on Thursday, May 14, 2026.
BK Technologies Announces Public Debut of BKR9500 Multiband Mobile Radio, Completing Next Generation Multiband Platform
New Mobile Radio Expands Revenue Opportunity per Customer and Enables Upgrade Cycle Across Installed Base WEST MELBOURNE, FL / ACCESS Newswire / April 21, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies"), a provider of advanced public safety communications solutions, today announces it will showcase its highly anticipated BKR9500 Multiband Mobile radio at the upcoming Fire Department Instructors Conference (or "FDIC"), taking place in Indianapolis, Indiana, from April 23-25. FDIC is a premier event within the fire and rescue industry, drawing key public safety decision-makers from across the country.
CORRECTION FROM SOURCE: BK Technologies Nominates Bradley A. Stoddard to its Board of Directors
Director of Michigan's statewide radio system brings hands-on leadership in mission-critical public safety communications Final paragraph updated for accuracy in this version WEST MELBOURNE, FL / ACCESS Newswire / April 20, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies"), a provider of advanced public safety communications solutions, today announced the nomination of Bradley A. Stoddard to its Board of Directors, effective upon approval at the Annual Meeting of Shareholders on June 18, 2026.
BK Technologies Nominates Bradley A. Stoddard to its Board of Directors
Director of Michigan's statewide radio system brings hands-on leadership in mission-critical public safety communications WEST MELBOURNE, FL / ACCESS Newswire / April 20, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies"), a provider of advanced public safety communications solutions, today announced the nomination of Bradley A. Stoddard to its Board of Directors, effective upon approval at the Annual Meeting of Shareholders on June 18, 2026.
Bk Technologies, Inc. $BKTI Shares Sold by Ritholtz Wealth Management
Ritholtz Wealth Management reduced its position in Bk Technologies, Inc. (NYSEAMERICAN:BKTI) by 17.2% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,481 shares of the company's stock after selling 6,522 shares during the quarter. Ritholtz
BK Technologies: The Shift To Software Could Change Everything
BK Technologies is evolving from hardware to a recurring-revenue software model, targeting 15% annual revenue growth and 60% gross margins by 2030. Recent results show accelerating top-line growth (20% in Q4 2025) and operating leverage, with gross margins already reaching 50%. BKTI's strategy includes expanding into small agencies and scaling its software ecosystem, aiming to capture 4.5% of a $2.4B addressable market.
BK Technologies Corporation (BKTI) Analyst/Investor Day Transcript
BK Technologies Corporation (BKTI) Analyst/Investor Day Transcript
BK Technologies Announces Registration for Vision 2030 Investor Day
Virtual Event Taking Place Thursday April 2, 2026 WEST MELBOURNE, FL / ACCESS Newswire / March 31, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies"), a provider of advanced public safety communications solutions, today announced that registration is available for the live video webcast of its Investor Day, taking place Thursday, April 2, 2026, starting at 9:00am ET. Shareholders and interested parties may register for the event at: https://www.webcaster5.com/Webcast/Page/2208/53788 The event and accompanying slide presentation may also be accessed via the Company's investor relations website at https://investors.bktechnologies.com under the Events and Presentations section.
BK Technologies Announces Date for Vision 2030 Investor Day
Virtual Event Taking Place Thursday April 2, 2026 WEST MELBOURNE, FL / ACCESS Newswire / March 16, 2026 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies"), a provider of advanced public safety communications solutions, today announced the hosting of a live video webcast of its Investor Day taking place on Thursday, April 2, 2026, starting at 9:00am ET. Shareholders and interested parties may access the event and accompanying slide presentation via the Company's investor relations website at https://investors.bktechnologies.com under the Events and Presentations section.
BK Technologies Corporation (BKTI) Q4 2025 Earnings Call Transcript
BK Technologies Corporation (BKTI) Q4 2025 Earnings Call Transcript
BK Technologies Reports Fourth Quarter and Full Year 2025 Results Above Guidance
Revenue: 4Q25 revenue increased by 20% to $21.5 million; full year 2025 revenue grew 12.5% to $86.1 million. Gross margins: 4Q25 gross margin expanded to 50.4% from 41.2% in 4Q24; full year 2025 gross margin increased to 48.8% from 37.9% in 2024.
Related Companies in Technology
📊 AI Financial Analysis
Powered by StockMarketInfo"BK Technologies (BKTI) reported Q1’26 revenue of $21.29M and net income of $2.76M (EPS $0.74). Revenue was -1.0% QoQ ($21.51M in Q4’25) and +11.8% YoY (from $19.05M in Q1’25). Net income increased +11.4% QoQ ($2.42? actually $4.23M in Q4’25—net income declined sequentially) meaningfully? Specifically, Q4’25 net income was $4.23M; Q1’26 net income of $2.76M is -34.7% QoQ. Versus Q1’25, net income rose +29.6% YoY ($2.13M to $2.76M). Margins improved YoY: gross margin rose to 51.8% from 47.0% in Q1’25, while net margin improved to 13.0% from 11.2%. QoQ, gross margin edged down (50.5% in Q4’25 to 51.8% actually improved—net margin fell sharply to 12.97% from 19.65%), indicating higher costs/taxes or less favorable mix in the quarter despite better gross profitability. Cash flow quality remains solid: operating cash flow was $6.83M and free cash flow was $6.36M in Q1’26, supporting a net cash position (net debt ~-$27.5M). Cash rose to $28.98M from $22.79M QoQ, with modest buybacks ($0.22M) and no dividends. Total shareholder returns appear strong: the stock is up 111.13% over 1 year and 45.95% over 6 months, which should meaningfully lift the return component even though valuation is not cheap (P/E ~25x, P/S ~13x)."
Revenue Growth
Q1’26 revenue was $21.29M: -1.0% QoQ vs Q4’25 ($21.51M) but +11.8% YoY vs Q1’25 ($19.05M). Growth is positive on a yearly basis but softer sequentially.
Profitability
Margins improved YoY: gross margin 51.8% vs 47.0% in Q1’25; net margin 13.0% vs 11.2%. However, profitability contracted sharply QoQ: net income fell -34.7% (from $4.23M in Q4’25 to $2.76M in Q1’26), pulling sequential margin quality down.
Cash Flow Quality
Operating cash flow was $6.83M and free cash flow $6.36M in Q1’26, converting well relative to earnings. No dividends were paid; buybacks were modest ($0.22M), suggesting flexibility without immediate capital return pressure.
Leverage & Balance Sheet
Net cash position strengthened: net debt improved to about -$27.5M (from -$21.2M QoQ). Total assets rose to $68.8M and equity increased to $47.7M, indicating strong balance-sheet resilience for a non-bank.
Shareholder Returns
Strong momentum: stock price is up 111.13% over 1 year (and 45.95% over 6 months). With no dividend yield and only small buybacks, most total return likely comes from capital appreciation.
Analyst Sentiment & Valuation
Valuation looks demanding (e.g., P/E ~25x, P/S ~13x, price-to-free-cash-flow high). No price target provided, so sentiment/expectations can’t be validated here, but the multiple level suggests investors already price in continued execution.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Fundamentals Overview
BK Technologies delivered a strong Q1 2026, led by margin and cash improvements tied to multiband radio adoption. Revenue rose 11.8% to $21.3M, while gross margin expanded to 51.8% from 47.0% as BKR 9 thousand mix increased. Profitability accelerated with non-GAAP fully diluted adjusted EPS of $0.88 versus $0.62 a year ago, and after-tax free cash flow of $4.1M (+44% YoY). Management highlighted a “basis point” margin expansion to 18.7% and reiterated FY 2026 guidance (revenue at least $90M, gross margin 50%+, GAAP EPS $3.15, non-GAAP adjusted EPS $3.55). The main offsetting headwind is tax normalization, with a higher assumed full-year effective tax rate of 26% (vs 16% in 2025) implying about $0.44/share EPS impact. Operationally, business development centered on multiband progression: an order from Minnesota DNR for 500 BKR 9 thousand radios and first BKR 9.5 thousand order via a Southwest existing customer, with FCC approval in 2026 and shipments in 2027.
Growth Catalysts
- Higher-margin product mix drove gross margin to 51.8% vs 47.0% in Q1 2025, attributed to robust adoption of BKR 9 thousand multiband radios
- Record profitability trajectory: non-GAAP fully diluted adjusted EPS $0.88 vs $0.62 in prior year quarter
- Vision 2030 transition execution: single-band to multiband upgrade path and evolution from in-vehicle to on-person broadband solutions via expanding BKR series installer base and BKONE platform
- Early traction for FCC approval pathway: BKR 9.5 thousand mobile debuted April at FDIC International and generated meaningful customer engagement
Business Development
- Minnesota Department of Natural Resources: new order for 500 BKR 9 thousand radios (existing customer expanding volume)
- Large existing Southwest Public Safety agency: first BKR 9.5 thousand order for a fleet modernization step following prior BKR 5 thousand and BKR 9 thousand deployments
- FDIC International (Indianapolis, Indiana): BKR 9.5 thousand mobile radio debut in April with strong customer engagement and subsequent order capture
Financial Highlights
- Revenue $21.3M, +11.8% YoY (vs $19.1M in Q1 2025)
- Gross profit margin 51.8% vs 47% prior year (bps change not quantified, but +4.8 percentage points)
- Non-GAAP fully diluted adjusted EPS $0.88 vs $0.62 year-ago quarter; GAAP diluted EPS $0.69 vs $0.55
- After-tax free cash flow $4.1M, +44% YoY
- Basis point margin expansion to 18.7% (explicitly cited as bps margin expansion target/result)
- Effective tax rate: 20% in Q1 2026; full-year outlook assumes 26% tax rate vs 16% full year 2025; diluted EPS impact from higher tax rate estimated at ~$0.44/share
- Operating income $3.3M with stable year-over-year operating margin of 15.4%
- Non-GAAP adjusted EBITDA $4.0M; adjusted EBITDA margin 18.7% vs $3.2M and 16.9% in 2025
Capital Funding
- Cash balance $29.0M at March 31, 2026 vs $22.8M at prior year end; debt-free balance sheet (no debt)
- Rule 10b5-1 repurchase program initiated Sept 2025; Q1 2026 repurchased ~3 thousand shares (approximate figure stated as 3 thousand)
Strategy & Ops
- BKR 5 thousand shipped over 95 thousand units to date, supporting upgrade path to BKR 9 thousand multiband
- BKR 9.5 thousand adoption expectation: management expects faster adoption than BKR 9 thousand because customers buying BKR 9 thousand are also candidates for BKR 9.5 thousand
- SG&A increase to $7.7M from $6.0M YoY driven by higher engineering costs for new product/solution development and continued innovation investment
- Stock-based compensation included in SG&A: approximately $0.4M noncash SBC in Q1
Market Outlook
- FY 2026 guidance reiterated: revenue at least $90M; gross margin 50%+; GAAP EPS $3.15; non-GAAP adjusted EPS $3.55
- FCC approval timing: management states they are on pace for FCC approval in 2026 with shipments in 2027 (for BKR 9.5 thousand)
Risks & Headwinds
- Tax normalization risk: effective tax rate expected to rise to ~26% in 2026 vs 16% in 2025; estimated diluted EPS impact ~$0.44/share
- Gross margin variability driven by product mix and ramp dynamics; management indicates path to 60% gross margin is unlikely to be linear
- FCC approval and development cycle non-linearity: costs and timing related to prototypes/events and regulatory milestones (implying quarter-to-quarter expense variability)
- New-customer ramp for BKR 9 thousand/multiband includes test-and-evaluation phases that may delay volume initially
Q&A: Analyst Interest
- Momentum source (existing vs new customers): Management said BKR 9 thousand volume comes from both—Minnesota was an existing buyer expanding from initial BKR 5 thousand to a sizable 9 thousand order, while new-customer volumes are lower initially due to test-and-evaluation, then expand post-field deployment.
- BKR 9.5 thousand adoption pipeline and pace: Management indicated customer reception is “very positive,” with adoption expected faster than BKR 9 thousand because 9 thousand buyers are also candidates for 9.5 thousand. They stated their 9.5 thousand forecast for the year matches expectations and activity should continue on pace.
- SG&A expense drivers and development accounting: Analyst asked about shifting 9.5 thousand development expenses to expensing on the income statement and what amounts were in Q1. Management declined precise quarterly amounts but confirmed increases are primarily for product and software development, noting prototype/event timing and FCC milestone dependencies make costs non-linear.
Sentiment: POSITIVE
Note: This summary was synthesized by AI from the BKTI Q1 2026 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.
📋 Official Regulatory 10-K / 10-Q SEC Filings
Direct authenticated documentation links to audited SEC database reports for BKTI.