secwatch.observer — SEC 8-K summary
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Issuer:     BK Technologies Corp (BKTI)
CIK:        0000002186
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001654954-23-002960
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BK Technologies reports record FY2022 revenue of $51M but net loss widens; suspends dividend
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- Revenue Q4 $20.3M (+58% YoY); FY $51.0M record (+12%); backlog $27M, double prior year.
- Q4 net loss $961K ($0.06/share); FY net loss $11.6M ($0.69/share) vs $1.7M loss in 2021.
- Gross margins fell to 22% Q4 (36% prior) due to higher materials, freight, and one-time inventory charge.
- Board suspends $0.03/share quarterly dividend to fund BKR production and InteropONE SaaS launch.
- Delivered >25,000 radios in 2022 (+12% YoY); BKR 9000 submitted for FCC certification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2186/000165495423002960/0001654954-23-002960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2186/000165495423002960/bkti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-002960

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