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BKTI BK Technologies

BK Technologies Corporation is an American holding company deeply rooted in the public safety communications industry, with its operating subsidiary manufacturing high-specification communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies. BK Technologies is honored to serve our public safety heroes with reliable equipment when every moment counts. The Company’s common stock trades on the NYSE American market under the symbol “BKTI”. Maintaining its headquarters in West Melbourne, Florida, BK Technologies can be contacted through its web site at www.bktechnologies.com or directly at 1-800-821-2900.

Company profile

Ticker
BKTI
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
ADAGE INC, BK Technologies, Inc., RELM WIRELESS CORP
SEC CIK
IRS number
593486297

BKTI stock data

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Calendar

13 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.36M 6.36M 6.36M 6.36M 6.36M 6.36M
Cash burn (monthly) 154.33K (positive/no burn) 292.33K (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 637.84K n/a 1.21M n/a n/a n/a
Cash remaining 5.73M n/a 5.15M n/a n/a n/a
Runway (months of cash) 37.1 n/a 17.6 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 21 Fundamental Global Investors Common Stock, par value $0.60 per share Sell Dispose S Yes No 3.17 630,915 2M 1,544,438
26 May 21 Fundamental Global Investors COMMON STOCK, PAR VALUE $0.01 PER SHARE Sell Dispose S Yes No 8.095 5,296 42.87K 0
26 May 21 Fundamental Global Investors COMMON STOCK, PAR VALUE $0.01 PER SHARE Buy Aquire P Yes No 8.095 5,296 42.87K 8,296
11 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.125 400 1.25K 1,411,756
10 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.1748 899 2.85K 1,411,356
9 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.288 1,665 5.47K 1,410,457
8 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.1555 757 2.39K 1,408,792
4 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.1419 310 973.99 1,408,035
3 Sep 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes Yes 3.0856 1,491 4.6K 1,407,725

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change

Financial report summary

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Competition
Motorola Solutions
Risks
  • We depend on the success of our LMR product line
  • We are engaged in a highly competitive industry
  • Our industry is characterized by rapidly changing technology and our success is dependent on our ability to adapt to such changes
  • We depend heavily on sales to the U.S. Government
  • Our business is partially dependent on U.S. Government contracts, which are highly regulated and subject to terminations and oversight audits by U.S. Government representatives that could result in adverse findings and negatively impact our business
  • Our business is subject to the economic, political, and other risks of manufacturing products in foreign countries
  • We carry substantial quantities of inventory, and inaccurate estimates of necessary inventory could materially harm our business, financial condition and operating results
  • We enter into fixed-price contracts that could subject us to losses in the event we fail to properly estimate our costs or hedge our risks associated with currency fluctuations
  • Our investment strategy may not be successful, which could adversely impact our financial condition
  • FG, with its affiliates, is our largest stockholder, and its interests may differ from the interests of our other stockholders
  • If we are unable to maintain our brand and reputation, our business, results of operations and prospects could be materially harmed
  • We face a number of risks related to challenging economic conditions
  • The terms of the credit agreement with JPMorgan Chase Bank, N.A., contain restrictive covenants that may limit our operating flexibility
  • We depend on a limited number of manufacturers and on a limited number of suppliers of components to produce our products, and the inability to obtain adequate and timely delivery of supplies and manufactured products could have a material adverse effect on us
  • We may not be able to manage our growth
  • Retention of our executive officers and key personnel is critical to our business
  • We rely on a combination of contract, trademark and trade secret laws to protect our intellectual property rights, and failure to effectively utilize or successfully assert these rights could negatively impact us
  • Rising health care costs may have a material adverse effect on us
  • The insurance that we maintain may not fully cover all potential exposures
  • Our stock price is vulnerable to significant fluctuations, including due to our fluctuating quarterly operating results
  • Natural disasters, acts of war or terrorism and other catastrophic events beyond our control could have a material adverse effect on our operations and financial condition
  • A security breach or other significant disruption of our information technology systems, or those of our distributors, manufacturers, suppliers and other partners, caused by cyber attack or other means, could have a negative impact on our operations, sales and results of operations
  • The risk of noncompliance with U.S. and foreign laws and regulations applicable to us could materially adversely affect us
  • We may not be able to maintain our NYSE American listing
  • Any infringement claim against us could have a material adverse effect on our business, financial condition and results of operations
  • We have deferred tax assets that we may not be able to utilize under certain circumstances
  • We may be unable to obtain components and parts that are verified to be Democratic Republic of Congo (“DRC”) conflict-free, which could result in reputational damage
  • As a holding company, BK Technologies Corporation is dependent on the operations and funds of its subsidiaries
  • Future sales of shares of our common stock may negatively affect our stock price and impair our ability to raise equity capital
Management Discussion
  • During the year, procurement activities of some customers were likely affected by the COVID-19 pandemic, although the precise impact to sales cannot be quantified. Despite any such impact, sales for 2020 grew 10.1% ($4.0 million) to approximately $44.1 million, compared with approximately $40.1 million last year.
  • The increase in sales for the year ended December 31, 2020 was attributed primarily to federal and state public safety agencies, which included a combination of new and existing customers. Furthermore, during the year we launched, and generated sales from, the first product (BKR 5000) in the BKR Series, a new line of land mobile radios and solutions. Also, for comparative purposes, the prior year’s sales were adversely impacted by the federal government shutdown early in the year.
  • The BKR Series is envisioned as a comprehensive line of new products with additional new models planned for 2021, including products with multi-band capability. The timing of developing additional BKR Series products and bringing them to market could be impacted by various factors, including potential impacts related to the COVID-19 pandemic. BKR Series products, we believe, should increase our addressable market by expanding the number of federal and other public safety customers that may purchase our products. However, the timing and size of orders from agencies at all levels can be unpredictable and subject to budgets, priorities and other factors. Accordingly, we cannot assure that sales will occur under particular contracts, or that our sales prospects will otherwise be realized.
Content analysis
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