secwatch / observer
8-K filed March 14, 2024, 7:59 PM ET ticker BKTI CIK 0000002186
earnings confidence high sentiment positive materiality 0.75

BK Technologies reports Q4 EPS $0.08; FY revenue up 45% to $74.1M; targets FY2024 EPS >$1.50

BK Technologies Corp

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BK Technologies Corp reported full year ended December 31, 2023 results: revenue $74.1 million, net income ($2.2 million), EPS ($0.65) per basic and diluted share. Guidance raised.

Period
full year ended December 31, 2023
Revenue
$74.1 million
Net income
($2.2 million)
EPS
($0.65) per basic and diluted share
Guidance
raised
Result
reported results
Exact text from the filing
X-99.1 2 bkti_ex991.htm PRESS RELEASE bkti_ex991.htm EXHIBIT 99.1 BK Technologies Announces Fourth Quarter and Year End 2023 Results 45% Increase in Full Year Revenue to $74.1 Million Fourth Quarter EPS of $0.08 Targeting Full Year 2024 EPS in Excess of $1.50 WEST MELBOURNE, FL March 14, 2024 / BK Technologies Corporation (NYSE American: BKTI) (the “Company,” “BK Technologies”) today announced financial and operating results for the fourth quarter and year ended December 31, 2023.
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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BK Technologies Corp reported fourth quarter ended December 31, 2023 results: revenue $16.3 million, net income $290,000, EPS $0.08 per basic and diluted share.

Period
fourth quarter ended December 31, 2023
Revenue
$16.3 million
Net income
$290,000
EPS
$0.08 per basic and diluted share
Result
reported results
Exact text from the filing
2024 will demonstrate continued profitability as we focus our efforts to establish the BKR9000 as a premier multiband radio in the market to drive additional revenue growth in the coming years.” 1 Fourth Quarter 2023 Financial Review Revenue decreased 20% to $16.3 million, compared with $20.3 million for the fourth quarter of 2022 primarily due to record radio unit shipments in the fourth quarter of 2022, as a result of improved electronic component availability allowing the Company to work through significant backlog.
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Source: SEC EDGAR
accession 0001654954-24-003117
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