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BK Technologies Inc (BKTI)
NYSE MKT:BKTI
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 33.40%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by BK Technologies, with continued profitability, improved margins, and significant orders. The company shows a positive outlook with revised financial targets and a strong balance sheet. However, some challenges remain, such as expected seasonal weakness in Q4 and ongoing development work on new product features.Company Guidance
During the third quarter of 2024, BK Technologies achieved its fifth consecutive quarter of profitability, reporting GAAP earnings per share (EPS) of $0.67 and year-to-date EPS of $1.33. The company experienced a strong backlog of $27 million, driven by significant order activity for its BKR 5000 and BKR 9000 radios. Gross margins improved to 38.8% due to strategic cost reduction initiatives and a shift in product mix. BK Technologies completed its manufacturing transition to East West, resulting in lower product costs and enhanced gross margins. The company raised its financial targets for 2024, now expecting full-year GAAP EPS to exceed $1.65, up from the previous target of $1.50, and non-GAAP EPS of $1.92, up from $1.77. With a strong balance sheet, including $4.2 million in cash and no debt, BK Technologies is well-positioned to continue improving its financial performance through 2025.Fifth Consecutive Quarter of Profitability
BK Technologies achieved its fifth consecutive quarter of profitability with GAAP earnings per share of $0.67 and year-to-date earnings per share of $1.33.
Strong Backlog and Order Activity
The third quarter backlog remained strong at $27 million, driven by solid order activity for BKR 5000 and BKR 9000 radios.
Improved Gross Margins
Gross margins improved to 38.8% in the third quarter, up from 31.9% in the same quarter last year, surpassing the target margin level of 35% for 2024.
Significant Order from Florida Forest Service
Received a $3.3 million order from the Florida Forest Service for the BKR 9000 radios.
Revised Financial Targets
Raised full year GAAP EPS target to exceed $1.65 per share and non-GAAP EPS to $1.92 per share, up from previous targets of $1.50 and $1.77 respectively.
Strengthened Balance Sheet
Improved working capital to approximately $22.7 million as of September 30, 2024, with $4.2 million of cash and no debt.
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BKTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BKTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $28.26 | $31.63 | +11.92% |
| Aug 08, 2024 | $11.76 | $12.90 | +9.69% |
| May 09, 2024 | $12.63 | $13.00 | +2.93% |
| Mar 14, 2024 | $11.50 | $12.25 | +6.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BK Technologies Inc (BKTI) report earnings?
BK Technologies Inc (BKTI) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is BK Technologies Inc (BKTI) earnings time?
BK Technologies Inc (BKTI) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BKTI EPS forecast?
Currently, no data Available
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