BK Technologies reports Q1 adjusted EPS 68c vs.30c last year

Reports Q1 revenue $19.2M vs. $18.2M last year. John Suzuki, CEO of BK Technologies (BKTI), commented, “Our first quarter performance delivered a strong start to 2025, with solid revenue growth to $19.1 million and significantly improved gross margin of 47.0%. The improved gross margin is a result of the product sales mix and impact of our expense reduction initiatives as well as the successful transition to a contract manufacturing model. During the quarter, we saw continued solid demand from the state and local government markets for our BKR Series radios. Federal orders were light in the first quarter of 2025 related to the delayed passing of a full-year continuing resolution by Congress. The contuing resolution to fund the government through 2025 is now signed and we are beginning to see increased order activity from federal customers. We are excited about the opportunites we’re seeing across our business and look forward to driving further revenue growth and value for our shareholders in 2025. We continue to expect full year 2025 GAAP EPS to exceed $2.40 per diluted share, and full year 2025 non-GAAP adjusted EPS to exceed $2.80 per diluted share,” Mr. Suzuki concluded.