Significant Revenue Growth
BK Technologies reported a 21% increase in revenue to $24.4 million, driven by strong federal customer orders, including $12.9 million from the USDA Forest Service.
Improved Gross Margin
Gross margin improved to 49.9%, up from 38.8% in Q3 2024, reflecting a product mix shift towards the higher-margin BKR 9000 multiband radio.
Increased Net Income
Net income rose by 46% to $3.4 million, or $0.87 per diluted share, compared to the previous year.
Strong Cash Position
Cash and cash equivalents improved significantly to $21.5 million from $7.1 million at the end of 2024, with no debt.
Operational Efficiency
Non-GAAP adjusted EPS increased to $1.27, and non-GAAP adjusted EBITDA was $5.3 million with an EBITDA margin of 21.5%.
Positive Performance in BKR 9000 Sales
The BKR 9000 multiband radio is performing well, and the company is on track to deliver 2x to 3x more units in 2025 compared to 2024.