Business
BK Technologies Announces First Quarter 2025 Results
Revenue growth to $19.1 million; Achieves gross margin of 47.0% 1Q25 GAAP diluted EPS of $0.55 compared with $0.19 in 1Q24 1Q25 non-GAAP diluted adjusted EPS1 of $0.68 compared with $0.30 in 1Q24 Reiterating target full year 2025 GAAP EPS to exceed ...
About this update from Bk Technologies Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"Revenue growth to $19.1 million; Achieves gross margin of 47.0%","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"1Q25 GAAP diluted EPS of $0.55 compared with $0.19 in 1Q24","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"1Q25 non-GAAP diluted adjusted EPS1 of $0.68 compared with $0.30 in 1Q24","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"Reiterating target full year 2025 GAAP EPS to exceed $2.40 per diluted share and non-GAAP adjusted EPS to exceed $2.80 per diluted share","length":136,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":329,"olType":false},{"type":"text","content":"WEST MELBOURNE, FL / ACCESS Newswire / May 13, 2025 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the first quarter ended March 31, 2025. The Company will host a conference call today, May 13, 2025, at 9:00 a.m. Eastern Time.","length":337,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial and Operational Update","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter revenue of $19.1 million increased 4.5% compared to $18.2 million in the first quarter of 2024","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter gross margin of 47.0% improved significantly as compared to gross margin of 34.5% in the first quarter of 2024 and increased sequentially as compared to gross margin of 41.2% in the fourth quarter of 2024, reflecting the favorable product sales mix and impact of the Company's manufacturing transition to East West Manufacturing.","length":347,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter GAAP earnings of $0.60 per basic and $0.55 per diluted share; non-GAAP adjusted earnings1 of $0.74 per basic and $0.68 per diluted share.","length":151,"tagName":"p"}]},{"val":[{"type":"text","content":"Order backlog was $18.8 million at March 31, 2025 compared to $19.0 million at March 31, 2024.","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"BK products produced at the East West Manufacturing facility in Mexico in the first quarter remained tariff-free under the United States, Mexico, Canada trade Agreement (USMCA).","length":177,"tagN...