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BK Technologies Corporation, through its subsidiary, BK Technologies, Inc., engages in the design, manufacture, and marketing of wireless communications products in the United States and internationally. It offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile). The company offers KNG Series and BKR Series radios that operate in the P25 digital and analog modes, which are used primarily in government, public safety, military, and state and municipal government agencies, as well as various industrial and commercial enterprises; and BK radio products for intellectual property applications. In addition, it provides InteropONE, a push-to-talk-over-cellular (PTTOC) SaaS service that offers emergency incident commanders to establish group PTTOC between smartphone users directly from their smartphone. BK Technologies Corporation was incorporated in 1997 and is based in West Melbourne, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $86M | $18M | $14M | $16M | 30.3% | 12.5% | 61.9% |
| 2024 | $77M | $10M | $8M | $10M | 28.0% | 3.4% | -474.8% |
| 2023 | $74M | $0M | $-2M | $-0M | -10.5% | 45.4% | -80.8% |
| 2022 | $51M | $-10M | $-12M | $-11M | -57.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 50.95 | 74.09 | 76.59 | 86.14 |
| Operating Revenue | - | 50.95 | 74.09 | 76.59 | 86.14 |
| Cost Of Revenue | - | 41.11 | 51.86 | 47.54 | 44.11 |
| Gross Profit | - | 9.84 | 22.24 | 29.05 | 42.03 |
| Operating Expense | - | 20.92 | 23.01 | 21.22 | 26.04 |
| Research And Development | - | - | - | 7.84 | 10.57 |
| Selling General And Administration | - | 20.92 | 23.01 | 13.38 | 15.47 |
| Total Expenses | - | 62.03 | 74.87 | 68.76 | 70.15 |
| Operating Income | - | -11.08 | -0.78 | 7.83 | 15.99 |
| Total Operating Income As Reported | - | -11.08 | -0.78 | 7.83 | 15.99 |
| EBITDA | - | -10.07 | 0.03 | 9.52 | 17.76 |
| Normalized EBITDA | - | -9.75 | 0.77 | 9.61 | 17.76 |
| EBIT | - | -11.49 | -1.60 | 7.83 | 15.99 |
| Interest Expense | 0.05 | 0.14 | 0.57 | 0.27 | - |
| Net Interest Income | - | -0.14 | -0.57 | -0.27 | 0.26 |
| Other Non Operating Income Expenses | - | -0.10 | -0.08 | -0.10 | -0.14 |
| Other Income Expense | - | -0.41 | -0.82 | -0.19 | -0.14 |
| Interest Expense Non Operating | 0.05 | 0.14 | 0.57 | 0.27 | - |
| Net Non Operating Interest Income Expense | - | -0.14 | -0.57 | -0.27 | 0.26 |
| Pretax Income | - | -11.63 | -2.18 | 7.38 | 16.12 |
| Tax Provision | - | 0 | 0.05 | -0.98 | 2.58 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -0.16 | -0.02 | 0 |
| Net Income Continuous Operations | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income From Continuing And Discontinued Operation | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income From Continuing Operation Net Minority Interest | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income Common Stockholders | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income Including Noncontrolling Interests | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Normalized Income | - | -11.32 | -1.65 | 8.43 | 13.54 |
| Diluted NI Availto Com Stockholders | - | -11.63 | -2.23 | 8.36 | 13.54 |
| Basic Average Shares | - | 3.38 | 3.43 | 3.55 | 3.67 |
| Diluted Average Shares | - | 3.38 | 3.43 | 3.71 | 3.94 |
| Reconciled Depreciation | - | 1.42 | 1.64 | 1.69 | 1.78 |
| Reconciled Cost Of Revenue | - | 41.11 | 51.86 | 47.54 | 44.11 |
| Total Unusual Items | - | -0.31 | -0.74 | -0.09 | 0 |
| Total Unusual Items Excluding Goodwill | - | -0.31 | -0.74 | -0.09 | 0 |
| Special Income Charges | - | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.22 | -0.31 | -0.74 | -0.09 | - |
| General And Administrative Expense | - | - | - | 7.18 | 7.92 |
| Other Gand A | - | - | - | 7.18 | 7.92 |
| Gain On Sale Of Ppe | - | 0 | 0 | 0 | 0 |
| Total Other Finance Cost | 0.05 | 0.14 | - | 0.27 | -0.26 |
| Selling And Marketing Expense | - | - | - | 6.21 | 7.55 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BK Technologies Corporationthis co. | BKTI | $311M | 22.96 | 6.95 | 30.3% | 16.30 |
| Atomera Incorporated | ATOM | $350M | -17.37 | 19.06 | -109.8% | -17.61 |
| Telos Corporation | TLS | $334M | -9.15 | 3.49 | -38.1% | -11.48 |
| Repay Holdings Corporation | RPAY | $328M | -1.28 | 0.68 | -53.0% | -4.03 |
| Digimarc Corporation | DMRC | $321M |
| - |
| - |
| - |
| - |
| - |
| - |
| -9.93 |
| 7.99 |
| -80.4% |
| -12.81 |
| Unisys Corporation | UIS | $315M | -0.93 | -1.11 | 120.2% | -5.58 |
| TechTarget, Inc. | TTGT | $306M | - | 0.51 | -169.6% | - |
| 8x8, Inc. | EGHT | $289M | 175.63 | 1.97 | 1.1% | 10.59 |
| The Hackett Group, Inc. | HCKT | $279M | 21.54 | 4.09 | 19.0% | 11.80 |
| Peer Median | - | -1.28 | 2.73 | -45.5% | -5.58 | |