BK Technologies Q2 net loss $4.3M on $12.1M revenue; record bookings of $19M

BK Technologies Corp

2022-Q2 EPS reported -$0.49 revenue$18,696,000

Net loss $4.3M ($0.26/diluted) vs net income $1.8M ($0.14) in Q2 2021.
Revenue $12.1M (+7% YoY); record bookings of $19M driven by BKR 5000 demand.
Gross margin fell to 14% from 38% on component shortages and freight costs; expects improvement in H2.
Unrealized loss of $602k on FG Financial investment vs $2.3M gain a year ago.
Working capital $17.4M (down from $25.2M year-end 2021); SaaS application launch expected Q4 2022.

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