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BK Technologies Inc (BKTI)
:BKTI
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: 26.58%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue and profitability growth, driven by strong market performance and strategic product launches. However, macroeconomic uncertainties and potential tariff impacts pose challenges. The company is positioned for continued growth but faces potential headwinds from external economic factors.Company Guidance
During the fourth quarter and full year 2024, BK Technologies demonstrated strong financial performance and exceeded expectations with a revenue increase of 9.9% to $17.9 million in Q4, contributing to a full-year revenue of $76.6 million. The company achieved a gross margin of 41.2% in Q4 and 37.9% for the full year, surpassing their initial target of 35%. BK Technologies reported a significant rise in fully diluted GAAP EPS to $0.93, including a $0.37 one-time noncash benefit from deferred tax asset provisions, and a non-GAAP adjusted EPS of $0.61 per diluted share for Q4. For the full year, non-GAAP adjusted earnings per share reached $2.30, exceeding the revised target of $1.92. The company closed the year with a backlog of $21.8 million and plans for single-digit revenue growth and a gross margin exceeding 42% in 2025. They also aim for a 2025 full-year GAAP diluted EPS in excess of $2.40 and non-GAAP diluted adjusted EPS over $2.80, driven by the momentum of the BKR 9000 and strategic investments in sales, marketing, and R&D.Revenue and Profit Growth
Revenue increased 9.9% to $17.9 million in Q4 2024. Full year revenue was $76.6 million, exceeding the initial target of $74 million. Gross margin improved to 41.2% in Q4 and 37.9% for the full year, surpassing the 35% target.
Earnings Per Share Surge
Fully diluted GAAP EPS increased to $0.93 in Q4 2024, including a $0.37 noncash benefit. Non-GAAP adjusted EPS was $0.61 in Q4, significantly higher than $0.20 in the previous year. Full year non-GAAP adjusted EPS was $2.30, exceeding the revised target of $1.92.
Backlog and Market Momentum
The backlog increased to $21.8 million at the end of 2024, up by $5.8 million from the previous year. The BKR 9000 product showed strong market momentum, particularly in state and local markets.
Strong Balance Sheet
Cash and cash equivalents were $7.1 million with no debt. Working capital improved to $23 million, and shareholders' equity increased to $29.8 million at the end of 2024.
BKR 9000 and New Product Development
The BKR 9000 is gaining traction in the state and local market, expected to drive further growth. Development of the BKR 9500 is underway, expected to generate revenue by 2027.
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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 |
|---|---|---|---|
| Mar 27, 2025 | $29.27 | $32.00 | +9.33% |
| 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% |
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 May 08, 2025, TBA Not Confirmed.
What is BK Technologies Inc (BKTI) earnings time?
BK Technologies Inc (BKTI) earnings time is at May 08, 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?
BKTI EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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