Financial Data and Key Metrics Changes - First quarter revenue was $19.1 million, representing a 4.5% increase year-over-year and a 6.3% increase sequentially [7][15] - Gross margin improved to 47% in Q1 2025, up from 34.5% in Q1 2024 and 41.2% in Q4 2024 [15][16] - Net income for Q1 2025 was $2.1 million or $0.55 per diluted share, compared to $681,000 or $0.19 per diluted share in Q1 2024 [7][16] - Non-GAAP adjusted earnings were $2.6 million or $0.68 per diluted share, compared to $1.1 million or $0.30 per diluted share in the same period last year [7][16] - Backlog as of March 31, 2025, was $18.8 million, slightly down from $19 million at the end of Q1 2024 [8] Business Line Data and Key Metrics Changes - The BKR 5000 single band radio maintained strong demand, while the BKR 9000 multiband radio is gaining traction in the market [13] - The company expects revenue and gross margin to expand as the BKR 9000 becomes a larger contributor to overall revenues [13] Market Data and Key Metrics Changes - Federal orders were light in Q1 due to delays in passing the continuing resolution, but increased orders are expected as funding has been approved [14][36] - Approximately 95% of product revenue comes from finished goods manufactured in the USA, Mexico, and Vietnam, with ongoing monitoring of tariff impacts [10][12] Company Strategy and Development Direction - The company is focused on enhancing profitability through a shift to higher margin products and a successful transition to a contract manufacturing model [7][8] - The 2025 targets include single-digit full-year revenue growth and a gross margin of at least 42% [19] - Continued investment in sales and marketing efforts for the BKR 9000 and R&D capabilities for BK1 offerings is planned [20][21] Management's Comments on Operating Environment and Future Outlook - The management acknowledged the uncertain macroeconomic environment, particularly regarding tariffs, but remains confident in long-term profitable growth [19][20] - The company is well-positioned to capture new customers and address new market verticals [21] Other Important Information - The balance sheet remains strong with approximately $8.9 million in cash and cash equivalents and no debt as of March 31, 2025 [17] - SG&A expenses increased to approximately $6 million in Q1 2025 from $5.3 million in the same quarter last year [15][16] Q&A Session Summary Question: Was Q1 impacted by any pull in orders? - Management indicated that Q1 was not impacted by pull-in orders, and federal orders were delayed due to the continuing resolution [23][25] Question: What are the expectations for gross margins in Q2? - Management expects gross margins to remain above 42%, despite some tariffs impacting products from Vietnam [26][27] Question: Will revenue from the BKR 9000 increase sequentially in Q1? - Management confirmed that revenue from the BKR 9000 was up sequentially in Q1 [29] Question: How does the continuing resolution affect seasonality? - Management noted that the continuing resolution has allowed key customers to receive funding, but there are delays due to personnel changes [35][36] Question: What is the long-term target for SG&A as a percentage of revenue? - Management indicated that SG&A costs are relatively fixed, but investments in marketing and new product development will lead to some incremental costs [48][49]

1 Q 2 5 P r e s e n t a t i o n / N Y S E A m e r i c a n : B K T I First Quarter 2025 Highlights 3 NYSE American: BKTI First Quarter 2025 Earnings Results Tuesday, May 13th, 2025 Safe Harbor Statement 2 This press release contains statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act. These forward-looking statements concern the Company's operations, economic performanc ...

Exhibit 99.1 BK Technologies Announces First Quarter 2025 Results WEST MELBOURNE, FL May 13, 2025 / BK Technologies Corporation (NYSE American: BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the first quarter ended March 31, 2025. The Company will host a conference call today, May 13, 2025, at 9:00 a.m. Eastern Time. First Quarter 2025 Financial and Operational Update 1 Represents a non-GAAP financial measure. Refer to the section entitled "Use of Non-GAAP Finan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-32644 BK Technologies Corporation (Exact name of registrant as specified in its charter) Nevada 83-4 ...

Shares of BK Technologies Corporation (BKTI) have gained 33.9% since the company reported its earnings for the quarter ended Dec. 31, 2024. This compares to the S&P 500 Index's 1.9% decline over the same time frame. Over the past month, the stock gained 36.6% against the S&P 500's 4.3% decline. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Financial Performance BK Technologies reported fourth-quarter 2024 revenues of $17.9 million, representing a 9.9% increase from $16.3 million in ...

Financial Data and Key Metrics Changes - Revenue for Q4 2024 increased by 9.9% to $17.9 million, with full-year revenue reaching $76.6 million, up from $74.1 million in 2023 [7][23] - Gross margin for Q4 2024 was 41.2%, compared to 35.1% in Q4 2023, and full-year gross margin improved to 37.9% from 30% in 2023 [23][25] - Fully diluted GAAP EPS for Q4 2024 was $0.93, significantly up from $0.08 in the prior year, while full-year GAAP EPS was $2.35 compared to a loss of $0.65 in 2023 [25][27] Business Line Data and Key Metrics Changes - The BKR 9000 product line showed strong order activity, with a backlog of $21.8 million at year-end, up $5.8 million from the previous year [12] - The shift in product mix towards the BKR 9000 contributed to improved gross margins, with expectations for continued momentum in 2025 [11][14] Market Data and Key Metrics Changes - The federal government is expected to contribute only 35% of revenue in 2025, down from 49% in 2023, indicating a shift towards state and local government markets [17] - Initial customer feedback on recent price increases of 5% to 10% has been supportive, with no observed demand changes [15] Company Strategy and Development Direction - The company aims for single-digit revenue growth in 2025, targeting a gross margin of at least 42% and GAAP diluted EPS exceeding $2.40 [31] - Investments in sales and marketing will be increased to accelerate the adoption of the BKR 9000, alongside R&D investments to enhance software capabilities [32][34] - The rebranding of the SaaS business unit to BK One Solutions aims to address interoperability challenges in public safety communications [34] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain macroeconomic environment, particularly regarding tariffs, and emphasized the importance of delivering quality products while maintaining profitability [14][17] - The company is optimistic about its growth trajectory and believes it is well-positioned to enhance shareholder value through 2025 and beyond [37] Other Important Information - The company reported a significant improvement in its balance sheet, with cash and cash equivalents of approximately $7.1 million and no debt as of December 31, 2024 [29] - Non-GAAP adjusted EBITDA for the full year 2024 was $10.4 million, a substantial increase from $1.5 million in 2023 [21][27] Q&A Session Summary Question: How has order activity been year to date? - Management indicated that first-quarter order volume is in line with expectations, with federal government funding expected to flow in the second quarter [40][42] Question: Where is the most interest for the BKR 9000? - Interest is primarily in the state and local markets, where the multiband capabilities of the BKR 9000 are particularly attractive [44][46] Question: What is the timeline for the software initiative to become a bigger part of the P&L? - Management is still assessing the market for the software solutions and expects to provide clarity on the potential size of the solutions business by the end of 2025 [48][52] Question: Can margin improvement continue even before the price increase? - Management expects healthy margins in Q1 but anticipates a drop in gross margin in Q2 due to tariffs, with expectations to stabilize in the second half of the year [82][84] Question: Will the software side become a revenue source? - While the software business is currently small, it is expected to grow, particularly with the addition of new products to the portfolio [92][94]

BK Technologies Corporation (NYSE:BKTI) Q4 2024 Earnings Conference Call March 27, 2025 9:00 AM ET Company Participants John Nesbett - Investor Relations, IMS John Suzuki - Chief Executive Officer Scott Malmanger - Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Samir Patel - Askeladden Capital Orin Hirschman - AIGH Operator Good morning, ladies and gentlemen. And welcome to the BK Technologies Corporation Conference Call for Fourth Quarter and Full Year 2024. This ...

NYSE American: BKTI Fourth Quarter & Full Year 2024 Earnings Results Thursday, March 27th, 2025 Safe Harbor Statement 2 This press release contains statements about future events and expectations which are "forward-looking statements" within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act.. These forward-looking statements concern the Company's operations, economic performance, and financial condition, including, but not limited to the Company's long-term s ...

Revenue Growth - Full year 2024 revenue increased to $76.6 million, up from $74.1 million in 2023, representing a growth of 3.4%[10] - Fourth quarter revenue of $17.9 million increased 9.9% compared to $16.3 million in the fourth quarter of 2023[4] - For the three months ended December 31, 2024, net sales increased to $17,927,000, a 9.9% increase from $16,309,000 for the same period in 2023[27] Earnings Performance - Full year GAAP diluted EPS of $2.25 exceeded the target of $1.65 per share, while non-GAAP adjusted EPS of $2.30 surpassed the target of $1.92 per share[4] - The company reported a basic net income per share of $2.35 for the twelve months ended December 31, 2024, compared to a loss of $0.65 for the same period in 2023[27] - Adjusted earnings per share (diluted) for the twelve months ended December 31, 2024, was $2.30, compared to $0.00 for the same period in 2023[31] Profitability and Margins - Fourth quarter gross margin improved to 41.2%, up from 35.1% in the same period last year, and full year gross margin was 37.9%, compared to 30.0% in 2023[4][10] - Full year 2024 operating income totaled $7.8 million, a significant improvement from an operating loss of $777,000 in 2023[12] - Operating income for the twelve months ended December 31, 2024, was $7,828,000, compared to a loss of $777,000 for the same period in 2023[27] - Net income for the three months ended December 31, 2024, was $3,657,000, significantly up from $290,000 in the same period of 2023, representing a 1,160.3% increase[27] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $10,390,000, compared to $1,473,000 for the same period in 2023, indicating a substantial growth[31] Financial Health - Order backlog at December 31, 2024, was $21.8 million, compared to $16.0 million at December 31, 2023, indicating strong demand[5] - Total assets increased to $51,499,000 as of December 31, 2024, up from $49,408,000 as of December 31, 2023[29] - Current liabilities decreased to $13,974,000 as of December 31, 2024, down from $20,418,000 as of December 31, 2023, reflecting improved financial health[29] - Cash and cash equivalents increased to $7,075,000 as of December 31, 2024, compared to $3,456,000 as of December 31, 2023, indicating improved liquidity[29] - The company’s accumulated deficit decreased to $(15,850,000) as of December 31, 2024, from $(24,209,000) as of December 31, 2023, showing progress in profitability[29] Future Outlook - The company expects full year 2025 GAAP EPS to exceed $2.40 per diluted share and non-GAAP adjusted EPS to exceed $2.80 per diluted share[5] - The company is expanding its offerings with new software and products in 2025, including the establishment of a Solutions business unit[5] Expenses Management - Selling, General & Administrative expenses decreased to $21.2 million in 2024, down from $23.0 million in 2023[11] EBITDA Performance - Non-GAAP adjusted EBITDA for the fourth quarter of 2024 was $2.8 million, compared to $1.3 million in the fourth quarter of 2023[9]

Financial Agreements - The Company entered into a new credit facility with Fifth Third Bank, providing a one-year revolving line of credit with a maximum commitment of $6 million, expandable to $10 million under certain conditions[23]. - The Company signed a Master Supply Agreement with East West Manufacturing for LMR products, resulting in the purchase of 77,520 shares of common stock valued at $1 million, and a warrant to purchase 135,300 shares at $15.00 each[24]. - The Company’s share repurchase program allows for the repurchase of up to $5 million of common stock, with no expiration date[26]. Sales and Revenue - Sales to government and public safety users represented substantially all of the Company's sales for 2024 and 2023[46]. - Sales to the U.S. Government accounted for approximately 38% and 49% of total sales for the years ended December 31, 2024 and 2023, respectively[55]. - Total sales of LMR products were $76.6 million in 2024, up from $74.1 million in 2023, with U.S. sales at $74.9 million and international sales at $1.7 million[67]. Manufacturing and Production - The Company completed the transition of its manufacturing production to East West Manufacturing in Q3 2024[24]. - Approximately 17.0% of the Company's material and product procurements in 2024 were sourced internationally, with 79.9% from seven suppliers[53]. - The backlog of unshipped customer orders was approximately $21.8 million and $16.0 million as of December 31, 2024 and 2023, respectively[56]. - The backlog changes are primarily attributed to the timing of orders and fulfillment, influenced by supply chain factors[56]. Research and Development - Engineering and development expenses for 2024 were approximately $7.8 million, down from $9.3 million in 2023, with $1.3 million capitalized for the development of the BKR9500 mobile radio[48]. - The first product in the new BKR Series, the all-band BKR9000 portable radio, was released in April 2023, with ongoing development for the BKR9500 mobile radio[47]. - The Company has one U.S. patent awarded and two pending U.S. patent applications for its SaaS services products[43]. Workforce and Compliance - The company has 113 employees as of December 31, 2024, with 39 in customer service and distribution, and 34 in engineering[64]. - The company is subject to U.S. Federal Government procurement regulations, which may include audits and compliance reviews[59]. - Compliance with environmental and worker health and safety laws did not have a material effect on capital expenditures, earnings, or competitive position in 2024[63]. Market Position and Competition - The company competes primarily in the North American market, with Motorola Solutions, Inc. as a dominant competitor[57]. - The company’s wireless communications products are subject to FCC regulations, which may require migration to more spectrum-efficient digital technology[60]. - The company emphasizes a customer-centric approach and continuous improvement as part of its mission and guiding principles[66].