BK Technologies (BKTI) Investor presentation summary

Investment profile and strategy

• Public-safety communications portfolio serves first responders, military and public-safety agencies in all 50 states and internationally.

• Strategy centers on shifts from single-band to multiband radios, in-vehicle to on-person connectivity, and interoperability across LMR and LTE/5G networks.

• Manufacturing moved to long-time partner East West Manufacturing; the asset-light model is expected to improve working capital, reduce inventory and lower production costs.

Market and product opportunity

• Estimated addressable LMR market is ~$2.3B, with BKR 5000, 9000 and planned 9500; estimated share is ~3.5%, with a 10% long-term goal.

• Adding the US LTE/5G public-safety market lifts forecast TAM to ~$2.9B; that market is projected to grow from ~$571M in 2023 to ~$1.11B in 2029 at 11.6% CAGR.

• BKR 9000 multiband radios support all P25 systems and frequency bands; Boulder County ordered 315 units to standardize 26 fire agencies on one platform.

• BKR 9500 mobile multiband radio was submitted to the FCC in August 2026; approval is expected in early 2027, with launch expected in 2027.

• InteropONE offers subscription-based, high-margin potential; a Tango Tango licensing agreement extends the software ecosystem to 1,500+ agencies and 35,000+ active users.

Financial performance

• Revenue grew at a 14% CAGR from 2020 to 2025; 2025 revenue was $86.1M, with 2026 revenue guidance of $90.03M.

• Q2 2026 sales were $21.2M vs. $23.4M YoY; gross margin was 47.4% vs. 51.9%, while operating margin increased to 18.9% from 16.4%.

• H1 2026 sales were $40.2M vs. $44.7M YoY; diluted EPS was $1.51 vs. $1.47 and adjusted diluted EPS was $1.91 vs. $1.88.

• Q2 2026 diluted EPS was $0.96 vs. $0.79 YoY; adjusted diluted EPS was $1.30 vs. $1.01.