BK Technologies Q3 GAAP EPS $0.63 raises FY guidance to >$1.65

BK Technologies Corp

2024-Q3 EPS reported $1.30 revenue$58,664,000

Q3 revenue $20.2M flat YoY; gross margin improved to 38.8% from 31.9%.
GAAP diluted EPS $0.63; non-GAAP adjusted diluted EPS $0.71.
Backlog $27.0M at Sep 30, 2024 vs $21.8M a year ago; majority deliverable in next two quarters.
Raised FY 2024 GAAP EPS target to >$1.65 (prev $1.50) and non-GAAP to $1.92 (prev $1.77).
CEO cites strategic outsourcing and cost containment driving margin improvement.

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