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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% | - |
| 2023 | $74M | $0M | $-2M | $-0M | -10.5% | 45.4% | - |
| 2022 | $51M | $-10M | $-12M | $-11M | -57.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 | 20.93 | 23.01 | 21.22 | 26.04 |
| Operating Income | -11.08 | -0.78 | 7.83 | 15.99 |
| EBITDA | -10.07 | 0.03 | 9.52 | 17.77 |
| EBIT | -11.49 | -1.60 | 7.83 | 15.99 |
| Pretax Income | -11.63 | -2.18 | 7.38 | 16.12 |
| Tax Provision | 0 | 0.05 | -0.98 | 2.58 |
| Net Income | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income Common Stockholders | -11.63 | -2.23 | 8.36 | 13.54 |
| Total Expenses | 62.03 | 74.87 | 68.76 | 70.15 |
| Interest Expense | 0.14 | 0.57 | 0.27 | 0 |
| Research And Development | 0 | 0 | 7.84 | 10.57 |
| Selling General And Administration | 20.93 | 23.01 | 13.38 | 15.47 |
| Normalized EBITDA | -9.75 | 0.77 | 9.61 | 17.77 |
| Normalized Income | -11.32 | -1.65 | 8.43 | 13.54 |
| Basic EPS | -3.45 | -0.65 | 2.35 | 0 |
| Diluted EPS | -3.45 | -0.65 | 2.25 | 0 |
| Tax Effect Of Unusual Items | 0 | -0.16 | -0.02 | 0 |
| Tax Rate For Calcs | 0 | 0.21 | 0.21 | 0.16 |
| Total Unusual Items | -0.31 | -0.74 | -0.09 | 0 |
| Total Unusual Items Excluding Goodwill | -0.31 | -0.74 | -0.09 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -11.63 | -2.23 | 8.36 | 13.54 |
| Reconciled Depreciation | 1.42 | 1.64 | 1.69 | 1.78 |
| Reconciled Cost Of Revenue | 41.11 | 51.86 | 47.54 | 44.11 |
| Net Interest Income | -0.14 | -0.57 | -0.27 | 0.27 |
| Net Income From Continuing And Discontinued Operation | -11.63 | -2.23 | 8.36 | 13.54 |
| Total Operating Income As Reported | -11.08 | -0.78 | 7.83 | 15.99 |
| Diluted Average Shares | 3.38 | 3.43 | 3.71 | 0 |
| Basic Average Shares | 3.38 | 3.43 | 3.55 | 0 |
| Diluted NI Availto Com Stockholders | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income Including Noncontrolling Interests | -11.63 | -2.23 | 8.36 | 13.54 |
| Net Income Continuous Operations | -11.63 | -2.23 | 8.36 | 13.54 |
| Other Income Expense | -0.41 | -0.82 | -0.19 | -0.14 |
| Other Non Operating Income Expenses | -0.10 | -0.08 | -0.10 | -0.14 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Gain On Sale Of Ppe | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | -0.31 | -0.74 | -0.09 | 0 |
| Net Non Operating Interest Income Expense | -0.14 | -0.57 | -0.27 | 0.27 |
| Total Other Finance Cost | 0.14 | 0 | 0.27 | -0.27 |
| Interest Expense Non Operating | 0.14 | 0.57 | 0.27 | 0 |
| Selling And Marketing Expense | 0 | 0 | 6.21 | 7.55 |
| General And Administrative Expense | 0 | 0 | 7.17 | 7.92 |
| Other Gand A | 0 | 0 | 7.17 | 7.92 |
| Operating Revenue | 50.95 | 74.09 | 76.59 | 86.14 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BK Technologies Corporationthis co. | BKTI | $339M | 26.31 | 7.56 | 30.3% | 18.09 |
| Paysign, Inc. | PAYS | $364M | 50.69 | 7.49 | 15.6% | 22.59 |
| Rackspace Technology, Inc. | RXT | $363M | - | -0.30 | 18.5% | 15.23 |
| Sprout Social, Inc. | SPT | $356M | - | 1.73 | -21.3% | -10.43 |
| Aeluma, Inc. | ALMU | $346M | - |
| 8.46 |
| -16.9% |
| -60.91 |
| Telos Corporation | TLS | $338M | - | 3.32 | -38.1% | -13.40 |
| Repay Holdings Corporation | RPAY | $330M | - | 0.64 | -53.3% | 9.32 |
| The Hackett Group, Inc. | HCKT | $330M | 28.41 | 4.82 | 19.0% | 12.31 |
| 3D Systems Corporation | DDD | $315M | 11.37 | 1.31 | 12.3% | -5.75 |
| Peer Median | - | 28.41 | 2.52 | -2.3% | 1.78 | |