BK Technologies ( (BKTI) ) has shared an update.
BK Technologies announced its financial results for the fourth quarter and full year 2024, showing significant revenue growth, improved margins, and increased profitability compared to the previous year. The company reported a 9.9% increase in fourth-quarter revenue and a full-year revenue of $76.6 million, with a notable improvement in gross margins. The BKR 9000 radio saw strong market acceptance, contributing to the company’s success. BK Technologies is strategically investing in sales, marketing, and engineering to further expand its market presence and enhance its software capabilities, aiming for continued growth in 2025.
More about BK Technologies
BK Technologies Corporation operates in the communications technology industry, specializing in the production of multiband radios, including the BKR 9000, which are widely accepted in the market, particularly by state and local agencies for their reliability and affordability. The company is expanding its offerings beyond its traditional wildland fire market to include new software and products aimed at enhancing first responder safety and capabilities.
YTD Price Performance: -13.53%
Average Trading Volume: 23,990
Technical Sentiment Signal: Sell
Current Market Cap: $104.3M
See more insights into BKTI stock on TipRanks’ Stock Analysis page.