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BK Technologies
(NYSE MKT:BKTI)
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Rating:76Outperform
Price Target:
$93.00
▲(19.37% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by strong financial performance (high profitability, robust free cash flow, and very low leverage) and a positive earnings outlook with reiterated FY2026 guidance and improving margins/cash. The rating is tempered by neutral-to-weak near-term technical momentum and only moderate valuation support (P/E ~21.8, with no dividend yield data).
Positive Factors
Free Cash Flow Strength
Sustained free cash flow generation and operating cash conversion indicate high earnings quality and internal funding capacity. Over 2-6 months this durable cash generation supports R&D, working capital for government contracts, and discretionary capital allocation without reliance on external financing.
Negative Factors
Historical Profit/Cash Volatility
Prior multi-year losses and swings in cash flow highlight cyclicality and execution risk. If procurement or contract timing reverses, recent profitability gains may be hard to sustain; investors should consider the risk that current margins and cash conversion could erode across a 2–6 month horizon under adverse contract timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Sustained free cash flow generation and operating cash conversion indicate high earnings quality and internal funding capacity. Over 2-6 months this durable cash generation supports R&D, working capital for government contracts, and discretionary capital allocation without reliance on external financing.
Read all positive factors
BK Technologies (BKTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$291.86M
Dividend YieldN/A
Average Volume (3M)45.02K
Price to Earnings (P/E)21.0
Beta (1Y)0.90
Revenue Growth15.70%
EPS Growth9.65%
CountryUS
Employees118
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)3.64
Shares Outstanding3,744,198
10 Day Avg. Volume49,289
30 Day Avg. Volume45,022
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)6.13
Price to Sales (P/S)3.18
P/FCF Ratio14.88
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$97.00Price Target Upside24.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.55
Revenue Forecast (FY)$90.19M
BK Technologies Business Overview & Revenue Model
Company Description
Operating globally and within the United States, BK Technologies Corporation, through its subsidiary BK Technologies, Inc., specializes in the development, production, and sale of wireless communication devices. Their product portfolio encompasses...
How the Company Makes Money
BK Technologies makes money primarily by selling LMR hardware and associated offerings to public safety, government, and other professional users. Key revenue streams include: (1) Sales of portable and mobile two-way radios and related communicati...
BK Technologies Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call emphasized strong top-line growth, meaningful gross margin expansion, exceptional free cash flow growth (up 49% YoY) and a record cash position with no debt, supported by clear product traction (BKR 9000) and promising early demand and roadmap milestones for BKR 9500 and BKR Play. Offsetting items include lower GAAP and adjusted EPS versus last year largely due to a higher tax provision and deliberate investment-driven increases in SG&A/R&D that compressed some profitability margins versus the prior-year quarter. Management reiterated full-year guidance and highlighted multiple growth levers (multiband transition, tethering, licensing partnership), while noting timing risk around certifications and deliveries for new products.Positive Updates
Double-Digit Revenue Growth
Second quarter revenue grew 10.6% year-over-year to $23.4 million; trailing 12-month revenue growth increased to 15.7%.
Negative Updates
GAAP and Adjusted EPS Declines Year-Over-Year
GAAP net income declined to $3.2 million ($0.79 diluted EPS) from $3.7 million ($0.96) a year ago; non-GAAP adjusted EPS fell to $1.01 from $1.30 in the prior-year quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Double-Digit Revenue Growth
Second quarter revenue grew 10.6% year-over-year to $23.4 million; trailing 12-month revenue growth increased to 15.7%.
Read all positive updates
Company Guidance
Management reiterated full‑year FY2026 guidance of at least $90.0 million in revenue, a full‑year gross margin of 50% or greater, GAAP EPS of $3.15 and non‑GAAP adjusted EPS of $3.55; the outlook assumes continued revenue growth, further margin expansion and operating leverage, and incorporates an estimated effective tax rate of ~26% (vs. 16% in FY2025) that management says will depress diluted EPS by roughly $0.42 versus the prior year.BK Technologies Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.63M | 86.14M | 76.59M | 74.09M | 50.95M | 45.36M |
| Gross Profit | 46.22M | 42.03M | 29.05M | 22.24M | 9.84M | 16.26M |
| EBITDA | 18.15M | 17.89M | 9.33M | 34.00K | -10.07M | -67.00K |
| Net Income | 13.59M | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
Balance Sheet | ||||||
| Total Assets | 73.68M | 63.76M | 51.50M | 49.41M | 48.83M | 50.38M |
| Cash, Cash Equivalents and Short-Term Investments | 29.92M | 22.79M | 7.08M | 3.46M | 1.92M | 10.58M |
| Total Debt | 1.30M | 1.57M | 1.28M | 8.33M | 8.73M | 5.06M |
| Total Liabilities | 21.73M | 19.06M | 21.67M | 28.10M | 28.70M | 17.77M |
| Stockholders Equity | 51.95M | 44.70M | 29.83M | 21.31M | 20.14M | 32.62M |
Cash Flow | ||||||
| Free Cash Flow | 19.64M | 18.40M | 10.21M | -462.00K | -10.75M | -8.72M |
| Operating Cash Flow | 20.90M | 19.44M | 11.44M | 1.66M | -9.00M | -6.30M |
| Investing Cash Flow | -2.39M | -3.13M | -1.24M | -2.12M | -1.75M | -2.34M |
| Financing Cash Flow | -445.00K | -595.00K | -6.59M | 2.00M | 2.09M | 12.40M |
BK Technologies Technical Analysis
Negative
77.91
Price Trends
80.93
Negative
84.09
Negative
80.48
Negative
Market Momentum
-1.30
Positive
41.57
Neutral
40.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKTI, the sentiment is Negative. The current price of 77.91 is below the 20-day moving average (MA) of 78.67, below the 50-day MA of 80.93, and below the 200-day MA of 80.48, indicating a bearish trend. The MACD of -1.30 indicates Positive momentum. The RSI at 41.57 is Neutral, neither overbought nor oversold. The STOCH value of 40.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BKTI.
BK Technologies Risk Analysis
BK Technologies disclosed 34 risk factors in its most recent earnings report. BK Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BK Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $291.86M | 20.96 | 33.31% | ― | 15.70% | 9.65% | |
67 Neutral | $242.24M | 39.65 | 4.38% | 4.18% | 2.47% | -43.89% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $858.05M | -823.63 | -1.56% | ― | -9.43% | -103.56% | |
56 Neutral | $282.47M | 38.28 | 3.37% | ― | 0.23% | ― | |
54 Neutral | $200.88M | -60.39 | -1.43% | ― | -8.88% | -122.88% | |
42 Neutral | $82.60M | 32.64 | 65.39% | ― | -0.81% | -61.23% |
* Technology Sector Average
BKTI
BK Technologies
76.30
14.33
23.12%
AUDC
Audiocodes
10.27
0.94
10.12%
AVNW
Aviat Networks
21.82
-0.26
-1.18%
CRNT
Ceragon Networks
2.18
0.21
10.66%
FEIM
Frequency Electronics
78.08
47.64
156.50%
INSG
Inseego
4.73
-4.05
-46.13%
BK Technologies Corporate Events
Executive/Board ChangesShareholder Meetings
BK Technologies Shareholders Approve Directors and Governance Items
Positive
Jun 18, 2026
BK Technologies Corporation held its 2026 Annual Meeting of Stockholders on June 18, 2026, at 9:00 a.m. Eastern Time, during which shareholders elected seven directors, including Joshua S. Horowitz and John M. Suzuki, to serve until the next annua...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
BK Technologies Posts Strong Q1 Results, Expands Margins
Positive
May 14, 2026
On May 14, 2026, BK Technologies reported first quarter 2026 results, posting revenue of $21.3 million, up 11.8% from a year earlier, with gross margin expanding to 51.8% and diluted EPS rising to $0.69. Non‑GAAP diluted EPS climbed to $0.88...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.