Bk Technologies, Inc. (BKTI)
XASE:BKTI
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BK Technologies
(NYSE MKT:BKTI)
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Rating:79Outperform
Price Target:
$110.00
▲(14.61% Upside)
Action:ReiteratedDate:04/04/26
The score is driven primarily by strong financial performance (improved margins, strong cash generation, and very low leverage) and a positive earnings outlook with clear 2026 guidance and strategic targets. This is tempered by mixed near-term technical momentum (negative MACD despite an uptrend) and a moderate valuation (P/E ~20) without dividend yield support.
Positive Factors
Margin expansion & product mix
Sustained gross-margin improvement reflects successful shift to higher‑margin BKR portfolio and an asset‑light model. Durable margin gains from favorable product mix and multiband adoption improve long‑term cash generation and provide operating leverage as sales scale, supporting reinvestment and returns.
Negative Factors
Historical operating volatility
Prior multi‑year volatility in earnings and cash flow highlights execution risk: public‑safety procurement and product adoption can be lumpy. The recent turnaround must be sustained across cycles; otherwise margins and cash conversion could revert, undermining long‑term predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin expansion & product mix
Sustained gross-margin improvement reflects successful shift to higher‑margin BKR portfolio and an asset‑light model. Durable margin gains from favorable product mix and multiband adoption improve long‑term cash generation and provide operating leverage as sales scale, supporting reinvestment and returns.
Read all positive factors
BK Technologies (BKTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$360.68M
Dividend YieldN/A
Average Volume (3M)71.73K
Price to Earnings (P/E)20.2
Beta (1Y)0.98
Revenue Growth10.12%
EPS Growth153.04%
CountryUS
Employees113
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)1.17
Shares Outstanding3,785,503
10 Day Avg. Volume93,108
30 Day Avg. Volume71,730
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 Cap0.95
Enterprise Value/Revenue3.97
Enterprise Value/Gross Profit8.14
Enterprise Value/Ebitda19.26
Forecast
1Y Price Target
$97.00Price Target Upside1.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.17
Revenue Forecast (FY)$93.60M
BK Technologies Business Overview & Revenue Model
Company Description
BK Technologies Corporation, through its subsidiary, BK Technologies, Inc., engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR),...
How the Company Makes Money
BK Technologies makes money primarily by selling LMR hardware and related communications products to customers that need reliable two-way radio communications (notably public safety agencies and other government/enterprise users). The company’s re...
BK Technologies Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call highlighted strong top-line growth, significant gross margin expansion (900–1,086 bps), material adjusted EBITDA and EPS improvements, and a fortified balance sheet with record cash and no debt. Product momentum (BKR 9,000) and clear 2026 guidance and Vision 2030 targets reinforce a positive growth story. Key near-term headwinds include higher normalized taxes (estimated ~$0.55 EPS impact), the decision to expense 9,500 development costs (~$0.50 EPS hit in 2026), higher SG&A/engineering investment, and a one-time non-cash tax provision that tempered sequential adjusted earnings. Overall, the company’s positives (consistent revenue and margin gains, rising profitability, strong cash generation, and product traction) materially outweigh the listed challenges, which are mostly short-to-medium-term financial and accounting impacts or planned investments to support growth.Positive Updates
Strong Revenue Growth (Q4 and Full Year)
Q4 revenue of $21.5M, up 20% year-over-year (from $17.9M). Full-year 2025 revenue of $86.1M, up 12.5% YoY and ahead of the company’s high-single-digit guidance.
Negative Updates
SG&A and Operating Investment Increase
Q4 SG&A rose to $6.6M from $5.2M YoY (≈+27%), including ~$500k of non-cash stock-based compensation. Full-year SG&A increased 23% to $26.0M, driven by marketing/promotion for the BKR 9,000 and RSU compensation within software engineering.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth (Q4 and Full Year)
Q4 revenue of $21.5M, up 20% year-over-year (from $17.9M). Full-year 2025 revenue of $86.1M, up 12.5% YoY and ahead of the company’s high-single-digit guidance.
Read all positive updates
Company Guidance
BK Technologies guided full‑year 2026 to revenue of at least $90.0 million, full‑year gross margin of 50%+ and GAAP EPS of $3.15 (non‑GAAP adjusted EPS $3.55); management flagged an estimated incremental income‑tax impact of roughly $0.55 per share and said the decision to expense BKR 9,500 development will lower reported EPS by about $0.50 in 2026, noted upside to these targets, and pointed to Vision 2030 longer‑term goals of $170 million revenue, 60% gross margin, 35% adjusted EBITDA margin, $13 EPS and >$55 million free cash flow (with the BKR 9,500 mobile radio planned to ship in 2027).BK Technologies Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 86.14M | 76.59M | 74.09M | 50.95M | 45.36M |
| Gross Profit | 42.03M | 29.05M | 22.24M | 9.84M | 16.26M |
| EBITDA | 17.77M | 9.33M | 34.00K | -10.07M | 198.00K |
| Net Income | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
Balance Sheet | |||||
| Total Assets | 63.76M | 51.50M | 49.41M | 48.83M | 50.38M |
| Cash, Cash Equivalents and Short-Term Investments | 22.79M | 7.08M | 3.46M | 1.92M | 10.58M |
| Total Debt | 1.57M | 1.28M | 8.33M | 8.73M | 5.06M |
| Total Liabilities | 19.06M | 21.67M | 28.10M | 28.70M | 17.77M |
| Stockholders Equity | 44.70M | 29.83M | 21.31M | 20.14M | 32.62M |
Cash Flow | |||||
| Free Cash Flow | 18.40M | 10.21M | -462.00K | -10.75M | -8.72M |
| Operating Cash Flow | 19.44M | 11.44M | 1.66M | -9.00M | -6.30M |
| Investing Cash Flow | -3.13M | -1.24M | -2.12M | -1.75M | -2.34M |
| Financing Cash Flow | -595.00K | -6.59M | 2.00M | 2.09M | 12.40M |
BK Technologies Technical Analysis
Positive
95.98
Price Trends
83.41
Positive
79.38
Positive
71.10
Positive
Market Momentum
4.15
Negative
65.24
Neutral
89.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKTI, the sentiment is Positive. The current price of 95.98 is above the 20-day moving average (MA) of 84.48, above the 50-day MA of 83.41, and above the 200-day MA of 71.10, indicating a bullish trend. The MACD of 4.15 indicates Negative momentum. The RSI at 65.24 is Neutral, neither overbought nor oversold. The STOCH value of 89.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BKTI.
BK Technologies Risk Analysis
BK Technologies disclosed 30 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $360.68M | 20.23 | 34.98% | ― | 10.12% | 153.04% | |
63 Neutral | $292.24M | 12.04 | 5.54% | ― | 10.89% | ― | |
62 Neutral | $227.42M | -90.22 | -1.22% | ― | -3.78% | -92.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $558.92M | 81.87 | 12.49% | ― | 16.06% | 166.69% | |
55 Neutral | $237.51M | 31.48 | 4.98% | 4.28% | 0.15% | 17.21% | |
55 Neutral | $229.47M | 185.41 | -9.51% | ― | -17.45% | 76.52% |
* Technology Sector Average
BKTI
BK Technologies
95.98
54.30
130.28%
AUDC
Audiocodes
9.10
0.56
6.56%
AVNW
Aviat Networks
22.80
5.93
35.15%
CRNT
Ceragon Networks
2.52
0.51
25.37%
FEIM
Frequency Electronics
57.10
40.53
244.60%
INSG
Inseego
15.18
8.23
118.42%
BK Technologies Corporate Events
Business Operations and StrategyFinancial Disclosures
BK Technologies Outlines Vision 2030 Growth Strategy
Positive
Apr 3, 2026
On April 2, 2026, BK Technologies’ management used its Vision 2030 Investor Day to outline how heavy RD investment in its BKR5000 and BKR9000 radios helped double revenue from $44 million to $86 million between 2020 and 2025, while an asset-...
Business Operations and StrategyRegulatory Filings and Compliance
BK Technologies Announces Investor Presentation and Disclosure Plans
Neutral
Apr 2, 2026
BK Technologies Corporation, a communications equipment company, is preparing to engage with investors through a scheduled conference on Thursday, April 2, 2026, starting at 9:00 a.m. Eastern Time. The company furnished accompanying presentation m...
Business Operations and StrategyFinancial Disclosures
BK Technologies Beats 2025 Guidance, Sets 2026 Targets
Positive
Mar 12, 2026
On March 12, 2026, BK Technologies reported that fourth-quarter 2025 revenue rose 20% to $21.5 million and full-year sales grew 12.5% to $86.1 million, with gross margins jumping to 50.4% in the quarter and 48.8% for the year. Diluted EPS increase...
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.