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

(
)

Calendar

5 Aug 20
6 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 9.94M 10.89M 7.36M 11.81M
Net income -302K -1.19M -1.31M 238K
Diluted EPS -.02 -0.09 -0.11 .02
Net profit margin -3.04% -10.95% -17.79% 2.02%
Operating income -36K -848K -2.38M 295K
Net change in cash 1.99M 270K -4.15M 1.41M
Cash on hand 6.94M 4.95M 4.68M 8.83M
Cost of revenue 5.61M 6.99M 4.95M 6.7M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 40.1M 49.38M 39.4M 50.69M
Net income -2.64M -195K -3.63M 2.69M
Diluted EPS -0.21 -0.01 -0.27 0.19
Net profit margin -6.57% -0.39% -9.20% 5.30%
Operating income -4.39M 2.43M -5.03M 4.29M
Net change in cash -6.59M 4.12M -3.76M 6.24M
Cash on hand 4.68M 11.27M 7.15M 10.91M
Cost of revenue 24.45M 29.4M 29.85M 180K

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
5 Aug 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.38 296 1K 1,365,786
4 Aug 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.294 416 1.37K 1,365,490
3 Aug 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.1293 294 920.01 1,365,074
31 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.1517 1,471 4.64K 1,364,780
30 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.2149 859 2.76K 1,363,309
29 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.2729 709 2.32K 1,362,450
28 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.2395 340 1.1K 1,361,741
27 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.1883 2,536 8.09K 1,361,401
24 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.1955 1,183 3.78K 1,358,865
23 Jul 20 Fundamental Global Investors Common Stock, par value $0.60 per share Buy Aquire P Yes 3.2818 767 2.52K 1,357,682
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

?
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
  • The coronavirus could adversely impact our ability to obtain necessary materials and ship finished products to customers, which could negatively impact our results of operations and cash flow.
  • 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
  • Fundamental Global Investors, LLC, 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
  • 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
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • BK Technologies Corporation is a holding company, with a wholly-owned operating subsidiary, BK Technologies, Inc. We design, manufacture and market two-way land mobile radios, repeaters, base stations and related components and subsystems. All operating activities are undertaken by BK Technologies, Inc.
  • Generally, our financial and operating results for 2019 declined from the preceding year. Sales for 2019 were approximately 18.8% below sales for 2018, while gross profit margins as a percentage of sales decreased primarily due to lower sales and manufacturing levels, which also contributed to higher inventory levels at the end of 2019. Additionally, operating expenses increased, which was largely attributed to product development and engineering expenses related to development of an anticipated new line of products, including a multiband radio. The combination of these factors resulted in an operating loss for 2019, and the use of approximately $2.5 million in cash in operating activities.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: adapted, agreed, calendar, cleaning, compensatory, curb, daily, effort, evolution, fee, founded, indefinitely, indemnification, Itasca, Jr, Larry, mandate, member, notice, party, piggyback, private, quality, quantified, quarantined, reimbursement, resignation, resumed, Ryan, safely, shift, shifting, strategic, strict, stronger, subsided, text, Turner, undertaken, unlimited, unutilized, unvested, variety, wave, wearing, written
Removed: Allocate, ASC, chapter, check, code, complying, comprehensive, consideration, electronically, emerging, entitled, file, filer, Identification, installation, Interactive, jurisdiction, large, mark, opening, par, past, promised, recognizing, registered, retained, revised, satisfy, shell, shipment, short, shorter, single, smaller, step, submit, submitted, telephone, Title, transferred, transition, Washington