BK Technologies Q1 EPS $0.19 vs -$0.37 loss; gross margin jumps to 34.5%; backlog $19M

BK Technologies Corp

2025-Q1 EPS reported $0.19 revenue$18,231

Net income of $681k ($0.19 EPS) vs net loss of $1.3M ($0.37 loss) in Q1 2023.
Revenue $18.2M, down 3% YoY but up 12% sequentially; gross margin improved to 34.5% from 26.1%.
Operating income $983k vs operating loss of $987k YoY; Adjusted EBITDA $1.4M vs loss of $696k.
Backlog increased to $19M; full-year EPS target of $1.50 reaffirmed.
Manufacturing transition to East West progressing; new BKR 9500 multiband mobile radio program announced.

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 1.0

BK Technologies Corp reported first quarter ended March 31, 2024 results: revenue $18.2 million, net income $681,000 or $0.19 per basic and diluted share, EPS $0.19 per basic and diluted share.

Period: first quarter ended March 31, 2024
Revenue: $18.2 million
Net income: $681,000 or $0.19 per basic and diluted share
EPS: $0.19 per basic and diluted share
Result: reported results

Exact text from the filing

by improved profitability with earnings per share of $0.19 and continued strong demand for our radios with backlog increasing to $19 million. First quarter 2024 revenue of $18.2 million was essentially consistent with first quarter 2023 revenue of $18.7 million and increased 12% sequentially compared to fourth quarter 2023. “During the first quarter, we

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Source: SEC EDGAR

accession 0001654954-24-005866

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