Bk Technologies, Inc. (BKTI)
XASE:BKTI
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BK Technologies
(NYSE MKT:BKTI)
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Rating:74Outperform
Price Target:
$93.00
▼(-3.10% Downside)
Action:Reiterated
Date:05/16/26
The score is driven by strong financial performance (profitability, free cash flow, and a low-debt balance sheet) and a constructive earnings outlook with reiterated guidance. This is tempered by weak technical momentum (below key moving averages with negative MACD) and a mid-to-high valuation (P/E ~25) with no dividend yield provided.
Positive Factors
Balance Sheet Strength
BK has rebuilt a conservatively financed balance sheet with a record cash balance and minimal debt. TTM operating cash flow (~$24.2M) and free cash flow (~$22.9M) support capital flexibility, funding R&D and buybacks while insulating operations from short-term revenue cycles.
Negative Factors
Historic Cash/Profit Volatility
Recent cash and profit recovery is meaningful but follows years of losses and negative cash flow. This historical volatility implies execution and demand cyclicality risks; sustained discipline is required to ensure current free cash flow and margins persist across downturns and procurement cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
BK has rebuilt a conservatively financed balance sheet with a record cash balance and minimal debt. TTM operating cash flow (~$24.2M) and free cash flow (~$22.9M) support capital flexibility, funding R&D and buybacks while insulating operations from short-term revenue cycles.
Read all positive factors
BK Technologies (BKTI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$312.42M
Dividend YieldN/A
Average Volume (3M)71.73K
Price to Earnings (P/E)25.3
Beta (1Y)0.94
Revenue Growth14.16%
EPS Growth38.26%
CountryUS
Employees113
SectorTechnology
Sector Strength88
IndustryCommunication Equipment
Share Statistics
EPS (TTM)3.83
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 Cap0.91
Enterprise Value/Revenue3.22
Enterprise Value/Gross Profit6.46
Enterprise Value/Ebitda15.50
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)$90.00M
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:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented a largely positive operational and financial picture: revenue growth, strong margin expansion, rising adjusted and GAAP EPS, robust free cash flow, a record cash balance, and clear product momentum with orders for multiband radios and favorable reception of the new BKR 9500. Management reiterated full-year guidance and emphasized disciplined capital allocation and continued investment in engineering and software. Key negatives include an expected higher full-year tax rate (estimated to reduce EPS by ~$0.44), increased and lumpy development and SG&A expenses, and timing/adoption risk tied to FCC approval and shipments of the BKR 9500 (shipments not expected until 2027). Overall, the positive operational and cash generation trends and reiterated guidance outweigh the near-term expense and timing headwinds.Positive Updates
Revenue Growth
Q1 2026 revenue was $21.3M, up 11.8% year-over-year from $19.1M, driven by broad-based gains across federal, state, and local agencies and continued product adoption.
Negative Updates
Higher Effective Tax Rate Expected
Q1 effective tax rate was 20%; management expects a full-year 2026 tax rate of ~26% versus 16% in 2025. The higher tax rate is estimated to reduce diluted EPS by approximately $0.44 in 2026, a meaningful headwind to reported EPS.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Q1 2026 revenue was $21.3M, up 11.8% year-over-year from $19.1M, driven by broad-based gains across federal, state, and local agencies and continued product adoption.
Read all positive updates
Company Guidance
BK reiterated full‑year 2026 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. Management pointed to Q1 results that support the outlook: Q1 sales of $21.3M (+11.8% YoY), Q1 gross margin 51.8% (vs. 47% a year ago), Q1 GAAP diluted EPS $0.69 and Q1 non‑GAAP diluted EPS $0.88, non‑GAAP adjusted EBITDA of $4.0M (18.7% margin), after‑tax free cash flow of $4.1M (+44% YoY) and a record, debt‑free cash balance of $29.0M. The company said it expects a normalized 2026 effective tax rate of ~26% (vs. 16% in 2025), which it estimates will reduce diluted EPS by about $0.44.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 | 88.38M | 86.14M | 76.59M | 74.09M | 50.95M | 45.36M |
| Gross Profit | 44.11M | 42.03M | 29.05M | 22.24M | 9.84M | 16.26M |
| EBITDA | 18.38M | 17.77M | 9.33M | 34.00K | -10.07M | 198.00K |
| Net Income | 14.17M | 13.54M | 8.36M | -2.23M | -11.63M | -1.70M |
Balance Sheet | ||||||
| Total Assets | 68.78M | 63.76M | 51.50M | 49.41M | 48.83M | 50.38M |
| Cash, Cash Equivalents and Short-Term Investments | 28.98M | 22.79M | 7.08M | 3.46M | 1.92M | 10.58M |
| Total Debt | 1.44M | 1.57M | 1.28M | 8.33M | 8.73M | 5.06M |
| Total Liabilities | 21.06M | 19.06M | 21.67M | 28.10M | 28.70M | 17.77M |
| Stockholders Equity | 47.71M | 44.70M | 29.83M | 21.31M | 20.14M | 32.62M |
Cash Flow | ||||||
| Free Cash Flow | 22.93M | 18.40M | 10.21M | -462.00K | -10.75M | -8.72M |
| Operating Cash Flow | 24.18M | 19.44M | 11.44M | 1.66M | -9.00M | -6.30M |
| Investing Cash Flow | -3.34M | -3.13M | -1.24M | -2.12M | -1.75M | -2.34M |
| Financing Cash Flow | -774.00K | -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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $312.42M | 25.27 | 34.98% | ― | 14.16% | 38.26% | |
67 Neutral | $222.50M | -9.86 | -108.84% | ― | -12.48% | 66.68% | |
62 Neutral | $225.62M | 368.77 | -1.22% | ― | -14.07% | -108.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $206.59M | 28.49 | 4.01% | 4.28% | 2.02% | -56.43% | |
58 Neutral | $562.76M | 81.87 | 12.49% | ― | 3.69% | -68.76% | |
54 Neutral | $207.03M | -35.86 | 3.37% | ― | 0.23% | ― |
* Technology Sector Average
BKTI
BK Technologies
83.44
37.69
82.38%
AUDC
Audiocodes
8.15
-0.14
-1.71%
AVNW
Aviat Networks
16.00
-4.68
-22.63%
CRNT
Ceragon Networks
2.51
0.09
3.72%
FEIM
Frequency Electronics
57.18
39.03
215.04%
INSG
Inseego
13.67
5.95
77.07%
BK Technologies Corporate Events
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...
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.