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BK Technologies (BKTI) investor relations material
BK Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue rose 21% year-over-year to $24.4 million, driven by strong federal orders, notably $12.9 million from the USDA Forest Service, and robust BKR Series radio demand.
Net income increased 46% to $3.4 million, with GAAP diluted EPS of $0.87 and non-GAAP adjusted EPS of $1.27, both up significantly from Q3 2024.
Gross margin improved to 49.9% from 38.8% in Q3 2024, attributed to favorable product mix, price increases, and margin expansion initiatives.
Cash and cash equivalents reached $21.5 million at quarter-end, with no debt and improved working capital.
Full-year 2025 guidance reaffirmed: high single-digit revenue growth, gross margin above 47%, GAAP EPS of $3.15, and non-GAAP adjusted EPS of $3.80.
Financial highlights
Q3 2025 sales were $24.4 million, up from $20.2 million in Q3 2024; nine-month 2025 sales totaled $64.6 million, a 10.2% increase over 2024.
Operating income for Q3 2025 was $4.8 million (19.8% margin), up from $2.6 million (12.9%) in Q3 2024.
Non-GAAP adjusted EBITDA for Q3 2025 was $5.3 million (21.5% margin), up from $3.1 million in Q3 2024.
Net income for the nine months ended September 30, 2025, was $9.3 million, nearly double the $4.7 million in the prior year period.
Working capital improved to $33.8 million, with $29.1 million in cash, cash equivalents, and receivables.
Outlook and guidance
Full-year 2025 targets reiterated: high single-digit revenue growth, gross margin of 47%+, GAAP EPS of $3.15, and non-GAAP adjusted EPS of $3.80.
Expect to deliver 2x–3x more BKR 9000 radios in 2025 vs. 2024 and begin recognizing revenue from BKR 9500 in 2027.
Revenue guidance remains intact despite federal government shutdown, with mitigation plans to redirect shipments to state and local customers if needed.
Gross margin expected to remain stable in Q4, with year-to-date margin at 48.2%.
Backlog of unshipped orders was $24.5 million as of September 30, 2025, up from $21.8 million at year-end 2024.
What is the long-term gross margin potential?
How will cash be deployed for long-term position?
Does mitigation imply undershipping demand?
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Next BK Technologies earnings date
Q4 202527 Mar, 2026
Next BK Technologies earnings date
Q4 202527 Mar, 2026
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Frequently asked questions
BK Technologies Corp. is a communications technology company specializing in the design and manufacturing of two-way radio systems and related communications equipment. The company serves public safety, government, and commercial markets, offering products that support reliable and critical voice communications in demanding environments. BK Technologies focuses on providing solutions for industries such as emergency response, utilities, and natural resource management. The company is headquartered in West Melbourne, Florida, and its shares are listed on the NYSE American.
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