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
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ADAGE INC, BK Technologies, Inc., RELM WIRELESS CORP
SEC CIK
Corporate docs
IRS number
593486297
BKTI stock data
()
News
BK Technologies Receives Award For BKR 5000 Portable Communication Technology From Idaho Department Of Lands; Financial Terms Not Disclosed
14 Apr 21
BK Technologies Corporation's BKR 5000 Selected By Washington Department Of Natural Resources; Financial Terms Not Disclosed
8 Apr 21
BK Technologies Awarded Contract Extension From Alberta Health Services
6 Apr 21
BK Technologies Says Co's BKR 5000 Approved By U.S. Department Of The Interior
1 Apr 21
BK Technologies Announces Its BKR 500 Has Been Selected For Deployment By A Global Environmental Organization
30 Mar 21
Press releases
BK Technologies Awarded Business from the National Interagency Fire Center for KNG2 Series Portable Communications Technology Solutions
21 Apr 21
BK Technologies Receives Award for BKR 5000 Portable Communication Technology from Idaho Department of Lands
14 Apr 21
BK Technologies BKR 5000 Selected by Washington Department of Natural Resources
8 Apr 21
BK Technologies Awarded Contract Extension from Alberta Health Services
6 Apr 21
BK Technologies BKR 5000 Approved by U.S. Department of the Interior
1 Apr 21
Calendar
3 Mar 21
22 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Financial data from company earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
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 |
2 Sep 20 | Fundamental Global Investors | Common Stock, par value $0.60 per share | Buy | Aquire P | Yes | Yes | 2.9998 | 992 | 2.98K | 1,406,234 |
1 Sep 20 | Fundamental Global Investors | Common Stock, par value $0.60 per share | Buy | Aquire P | Yes | Yes | 3.096 | 302 | 934.99 | 1,405,242 |
31 Aug 20 | Fundamental Global Investors | Common Stock, par value $0.60 per share | Buy | Aquire P | Yes | Yes | 3.1432 | 311 | 977.54 | 1,404,940 |
28 Aug 20 | Fundamental Global Investors | Common Stock, par value $0.60 per share | Buy | Aquire P | Yes | Yes | 3.1847 | 3,424 | 10.9K | 1,404,629 |
Institutional ownership Q1 2021
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 |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 0 |
Total shares | 0 |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
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Financial report summary
?Competition
Motorola SolutionsRisks
- 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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H.S. freshman Avg
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New words:
abundance, ascertainable, carryback, Center, cleaning, curb, daily, deeply, disagreement, distancing, DoA, downturn, effort, empowering, ensuing, envisioned, essential, evidencing, FG, FGF, FL, forecasted, grew, guiding, history, identity, Interagency, Jr, judgement, keen, Larry, lingering, marital, markedly, municipal, neighbor, newly, NIFC, nineteen, nondiscrimination, orientation, pandemic, Paycheck, payroll, posed, PPP, promissory, qualification, quantified, quarantined, recession, recomputed, Relief, religion, restructured, resumption, rooted, safely, sample, sanitary, SBA, sexual, shift, shifting, Shortly, sick, side, Small, strict, subsided, Tennessee, text, travel, Trump, turnover, unsecured, veteran, waive, wearing, worldwide
Removed:
AMT, California, clarified, cumulative, CWA, ISO, ITI, legacy, nationally, offshore, reclassified, retained, risky, TSA
Financial reports
10-K
2020 FY
Annual report
3 Mar 21
10-Q
2020 Q3
Quarterly report
12 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
13 May 20
10-K
2019 FY
Annual report
4 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
Current reports
8-K
BK Technologies Declares Quarterly Dividend of $0.02 per Share
17 Mar 21
8-K
Fourth Quarter & Twelve Months 2020 Earnings Call
5 Mar 21
8-K
Results of Operations and Financial Condition
3 Mar 21
8-K
BK Technologies Declares Quarterly Dividend of $0.02 per Share
11 Dec 20
8-K
Third Quarter 2020 Financial Results
13 Nov 20
8-K
BK Technologies Announces Q3 Revenue of $12.8 Million, Up 8% Year-Over-Year, Operating Income of $1.0 Million, Up 253% Year-Over-Year
12 Nov 20
8-K
BK Technologies Declares Quarterly Dividend of $0.02 per Share
17 Sep 20
8-K
Regulation FD Disclosure
2 Sep 20
8-K
Q2 2020 Earnings Conference Call
6 Aug 20
8-K
BK Technologies Reports Second Quarter 2020 Results
5 Aug 20
Registration and prospectus
S-3/A
Shelf registration (amended)
21 Dec 20
S-3
Shelf registration
11 Dec 20
15-12B
Securities registration termination
8 Apr 19
25-NSE
Exchange delisting
29 Mar 19
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Mar 19
8-K12B
Notification of registration of securities
28 Mar 19
S-8
Registration of securities for employees
14 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
14 Jun 17
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 17
S-8 POS
Registration of securities for employees (post-effective amendment)
14 Aug 12
Proxies
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
28 Apr 20
DEFA14A
Additional proxy soliciting materials
25 Mar 20
DEFA14A
Additional proxy soliciting materials
17 May 19
DEF 14A
Definitive proxy
17 May 19
DEF 14A
Definitive proxy
15 Apr 18
DEFA14A
Additional proxy soliciting materials
15 Apr 18
DEFA14A
Additional proxy soliciting materials
15 Apr 18
PRE 14A
Preliminary proxy
14 Mar 18
DEF 14A
Definitive proxy
24 Apr 17
Other
EFFECT
Notice of effectiveness
30 Dec 20
CORRESP
Correspondence with SEC
22 Dec 20
UPLOAD
Letter from SEC
16 Dec 20
SD
Conflict minerals disclosure
27 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
Ownership
SC 13G/A
BK Technologies / RENAISSANCE TECHNOLOGIES ownership change
11 Feb 21
4
BK Technologies / Kyle Cerminara ownership change
14 Sep 20
4
BK Technologies / Kyle Cerminara ownership change
9 Sep 20
4
BK Technologies / Kyle Cerminara ownership change
8 Sep 20
4
BK Technologies / Kyle Cerminara ownership change
2 Sep 20
4
BK Technologies / Kyle Cerminara ownership change
31 Aug 20
4
BK Technologies / Charles T Lanktree ownership change
26 Aug 20
4
BK Technologies / Kyle Cerminara ownership change
26 Aug 20
4
BK Technologies / Lewis M Johnson ownership change
26 Aug 20
4
BK Technologies / Kyle Cerminara ownership change
26 Aug 20
Reddit threads
Daily Discussion Thread - March 3rd, 2021
3 Mar 21
Daily Discussion Thread - March 2nd, 2021
2 Mar 21
Daily Discussion Thread - March 1st, 2021
1 Mar 21
Daily Discussion Thread - November 11th, 2020
11 Nov 20
Daily Discussion Thread - November 10th, 2020
10 Nov 20
Daily Discussion Thread - November 9th, 2020
9 Nov 20
Daily Discussion Thread - November 4th, 2020
4 Nov 20
Daily Discussion Thread - November 3rd, 2020
3 Nov 20
Daily Discussion Thread - November 2nd, 2020
2 Nov 20