BK Technologies Q3 revenue up 68% to $20.1M, returns to profitability with EPS $0.03

BK Technologies Corp

2023-Q3 EPS reported -$0.74 revenue$57,786,000

Revenue $20.1M vs $11.9M prior year (+68%); net income $90K vs loss of $2.4M.
GAAP EPS $0.03 vs ($0.71); gross margin improved to 32% from 19%.
Order backlog $21.8M; shipped 9,000 radios during quarter.
Announced plan to outsource manufacturing to East West Manufacturing under asset-light model.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.96

BK Technologies Corp reported third quarter ended September 30, 2023 results: revenue $20.1 million, net income $90,000, EPS $0.03 per basic and diluted share.

Period: third quarter ended September 30, 2023
Revenue: $20.1 million
Net income: $90,000
EPS: $0.03 per basic and diluted share
Result: reported results

Exact text from the filing

will host a conference call today, November 9, 2023 at 9:00 a.m. Eastern Time. Third Quarter 2023 Financial and Operational Update · 68% increase in third quarter revenue to $20.1 million driven by increased shipments, strong demand for the BKR 5000 and introduction of the BKR 9000 radios · Gross margin improved to 32%, as compared to the 19% in third quarter 2022

View on SEC.gov

Browse all earnings releases →

BK Technologies Corp filing history →

Source: SEC EDGAR

accession 0001654954-23-013952

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.