Bk Technologies Corporation · AMEX:BKTI
Bk Technologies — Investor Presentation (September 2026)
33 slides from Bk Technologies's investor presentation, September 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION September 2026 NYSE American: BKTI
Slide 2: BK Technologies: trusted provider of public safety communications solutions
2 BK Technologies is a trusted provider of advanced public safety communications solutions for the first responders, military and public safety heroes. INVE S TO R OV ER VI EW / S ept embe r 2026
Slide 3: Why BK
3 Exponentially Expanding BK ONE Expanding TAM Market Verticals with to Include LTE BKR Product Line Why BK Multiple Growth Drivers Driving Significant Creating Demand for Products Profitability Expansion and Solutions INVE S TO R OV ER VI EW / S ept embe r 2026
Slide 4: Investment Highlights
4 Investment BKR 5000 Single Highlights Band Radio: Breakout Product Driving Revenue Growth Since 2020 BK Technologies is a provider of advanced public safety communications solutions Driving Sustained Profitability Strong Balance Sheet and Well Positioned to Capture and Growth Liquidity Additional
Slide 5: Public Safety LMR Communications Market
Public Safety LMR Communications Market Strategically positioned to capitalize on industry-defining structural market shifts: • Transition from single-band to multiband • Evolution from in-vehicle to on-person with advances in cellular technology • Leveraging AI for seamless interoperability across
Slide 6: Technology Leader in the Critical Communications Industry
6 Technology Leader in the Critical Communications Industry Land Mobile Radios (LMRs) BK ONE solutions business unit repre sents longer-te rm vision Single-band and multiband radios Interoperable solutions combining LMR and and accessories LTE/5G to create seamless connectivity among first responder
Slide 7: Designed In-House, Outsourced Manufacturing, Mission Critical
7 Designed In-House In-house R&D team developing cutting-edge and innovative solutions. New Solution division trailblazing the integration of SaaS-based services into the portable communications market. Outsourcing Manufacturing Manufacturing shifted to long-time partner East West Manufacturing. Ass
Slide 8: Longstanding Customer Relationships
8 Longstanding Customer Relationships Relationships Exceed 20 Years with Key Customers Strategic Contracts with Government Agencies INVE S TO R OV ER VI EW / S ept embe r 2026
Slide 9: BKR Series Radios Represent Path to Larger Share of Land Mobile Radio Market
9 BKR Series Radios Represent Path to Larger Share of Land Mobile Radio Market • BKR 5000, BKR 9000 & ~3.5% 1 BKR 95002 Current LMR ~$2.3B* Addressable Market • • Police EMS Market Share • Structural fire • Military • Public service ~$200M* • • Utility BKR 5000 Addressable 10% 1 Market Long-Term LMR
Slide 10: BKR 5000 Single Band Radio: Breakout Product Driving Revenue Growth Since 2020
10 BKR 5000 Single Band Radio: Breakout Product Driving Revenue Growth Since 2020 • Debut product in the BKR series designed and developed with extensive input from customers • Expanding market share beyond Wildland Fire vertical • Strong demand among new and existing customers • Interoperability wi
Slide 11: BKR 9000 Multiband Radio: Poised to Disrupt the Industry
11 BKR 9000 Multiband Radio: Poised to Disrupt the Industry Expected to be a higher portion of sales as market adoption increases All band capabilities expands High brand awareness at market opportunity in multiple an affordable price verticals Superior in-field Strong early demand from communicatio
Slide 12: BKR 9000 Case Study: New Orders, Expanded Verticals
12 BKR 9000 Case Study: New Orders, Expanded Verticals Boulder County chooses BKR 9000 to standardize 26 fire agencies on a single radio platform Customer: Boulder County, Problem Solution Colorado Upgrade Program Decision: Boulder County chose to Order: 315 BKR 9000 The Boulder fire agencies standa
Slide 13: Emerging LTE/5G Opportunity Further Expands Market
13 Emerging LTE/5G Opportunity Further Expands Market US LTE/5G Public Safety Market Growth Forecast3 • TAM forecast ~$2.9B 1 including US LTE/5G Public Safety Market ~$571M • BKR 5000, BKR 9000 & 2023 2 BKR 95004 ~$2.3B 11.6% CAGR Addressable Market • Police • EMS • Structural fire 2024-2029 • Mili
Slide 14: BK ONE Solutions Business Unit
14 BK ONE Solutions Business Unit Developing innovative and interoperable communications applications and solutions to promote a unified response for planned and emergency events INVE S TO R OV ER VI EW / S ept embe r 2026
Slide 15: Yesterday in Vehicles; Tomorrow on Smartphones
15 Yesterday in Vehicles; Tomorrow on Smartphones LMR will continue to play a key New broadband capabilities will Level playing field with large role in mission critical voice augment existing narrowband opportunity to deliver mission communications networks with data-rich applications critical voic
Slide 16: Diverse portfolio to meet customer demands
16 Diverse portfolio to meet customer demands with additional offerings in various stages of development INVE S TO R OV ER VI EW / S ept embe r 2026
Slide 17: InteropONE: High-Margin Revenue Opportunity
17 InteropONE: High-Margin Revenue Opportunity • Patented Push-to-Talk over Cellular (PTToC) service enabling subscribers to create adhoc, on-demand group communications among any smartphone user in 5 minutes or less • Patent-pending tethering feature will enable PTToC broadband capabilities for use
Slide 18: Financial Review
18 Financial Review INVE S TO R OV ER VI EW /S ept embe r 2026
Slide 19: Long-Term Revenue and Profitability Growth
19 Long-Term Revenue and Profitability Growth Annual Revenue Growth Annual Adjusted EBITDA1 & Adjusted Net (in millions) Income2 Growth 2021 2022 2023 2024 2025 $86.1 $90.03 $74.1 $76.6 Adjusted $492K $(9.3M) $1.5M $9.6M $17.6M EBITDA $51.0 $44.1 $45.4 Adjusted Net $(736K) $(9.6M) $2K $6.8M $17.0M I
Slide 20: Revenue Growth Driven by Growing Demand for BKR Series Radios
20 Revenue Growth Driven by Growing Demand for BKR Series Radios • Growing BKR Series footprint across agencies, Quarterly Revenue (in Millions) capitalizing on market shift from single-band to multiband $24.4 24 $23.4 • BKR 9500 in-vehicle multiband radio $21.5 submitted to FCC in August and advanc
Slide 21: Consistent Cash Generation Powering Growth and Flexibility
21 Consistent Cash Generation Powering Growth and Flexibility • Operational efficiency drives $4.6M of Free Cash Flow After- Free Cash Flow After Tax1 (in Millions) Tax in 2Q26; TTM +49% to $19.0M, outpacing revenue growth • Strategic investments in first responder products and solutions, capturing
Slide 22: Strengthened Balance Sheet
22 Strengthened Balance Sheet Growing cash position, improved working capital and no debt provide BK with the financial flexibility to execute its growth strategy and drive long-term value creation Working Capital Shareholders’ Equity $46.1M $52.0M $37.3M $44.7M Cash & Cash Balance Sheet Equivalents
Slide 23: 2026 Goals & Financial Targets
2026 Goals & Financial Targets 23 • Reiterating full year targets: • Revenue of at least $90 million • Gross margin of 50%+ • GAAP EPS of $3.151 per diluted share • Non-GAAP adjusted EPS2 of $3.55 per diluted share • Beginning in 2026, engineering costs for BKR 9500 development to be expensed as inc
Slide 24: Vision 2030 Objectives
24 Vision 2030 Objectives Vision 2025-2030 Trajectory (Revenue and FCF in Millions) • Double revenue to $170 million $170 • Addressable market expansion • Increasing BKR 9000 install base • BKR 9500 mobile platform rollout • Gross margin expansion to 60% driven by favorable multiband radio product m
Slide 25: Summary: Creating Value for All of Our Stakeholders
25 Summary: Creating Value for All of Our Stakeholders Enhanced Gross Margin Strong and Consistent Organic Driving Significant Improving Balance Growth Increase in Profitability Sheet BKR Product Line BK ONE Solutions Clear Strategy to Exponentially Further Expand TAM and Capitalize on Market Expand
Slide 26: Appendix
26 Appendix INVE S TO R OV ER VI EW / Mar ch 2026
Slide 27: Safe Harbor Statement
27 Safe Harbor Statement This presentation contains statements about future events and expectations which are “forward-looking statements” within the meaning of Sections 27A of the Securities Act of 1933, as amended, and 21E of the Exchange Act. These forward-looking statements concern the Company’s
Slide 28: Strong Financial Results
28 Strong Financial Results Income Statement Three Months Ended Six Months Ended (in thousands) 06/30/26 06/30/25 06/30/26 06/30/25 Sales $23,414 $21,165 $44,707 $40,219 Gross Margin 51.9% 47.4% 51.8% 47.2% SG&A $8,314 $6,038 $16,054 $12,072 Operating Income $3,829 $3,997 $7,118 $6,913 Operating Mar
Slide 29: Reconciliation of Non-GAAP Metrics
29 Reconciliation of Non-GAAP Metrics Three Months Ended Twelve Months Ended Non-GAAP Adjusted EBITDA (in thousands) 06/30/26 06/30/25 12/31/25 12/31/24 Net Income $3,168 $3,741 $13,536 $8,359 Adjustments to reconcile net income to EBITDA Interest (income) expense, net (205) (39) (265) 266 Income ta
Slide 30: Reconciliation of Non-GAAP Metrics, Cont.
30 Reconciliation of Non-GAAP Metrics, Cont. Full Year Ended Non-GAAP Adjusted EBITDA (in thousands) 12/31/21 12/31/22 12/31/23 12/31/24 12/31/2025 Net Income/(Loss) $(1,701) $(11,633) $(2,230) $8,359 $13,536 Adjustments to reconcile net income/(loss) to EBITDA Interest expense, net 53 144 575 266 (
Slide 31: Reconciliation of Non-GAAP Metrics, Cont.
31 Reconciliation of Non-GAAP Metrics, Cont. (In thousands) Three Months Ended Free Cash Flow After Tax 9/30/23 12/31/23 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 Net Income $90 $290 $681 $1,664 $2,357 $3,657 $2,132 $3,741 $3,436 $4,227 $2,762 $3,168 Adjustmen
Slide 32: Reconciliation of Non-GAAP Metrics
32 Reconciliation of Non-GAAP Metrics (In thousands) Twelve Months Ended ROIC 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Net Working Capital $ 25,234 $ 13,247 $ 16,784 $ 22,967 $ 37,333 Net PP&E 4,556 4,884 5,366 4,911 4,170 Other 98 143 422 410 471 Invested Capital $ 29,888 $ 18,274 $ 2
Slide 33: INVE S TO R OV ER VI EW / Mar ch 2026
INVE S TO R OV ER VI EW / Mar ch 2026
BK Technologies — Investor Presentation (September 2026) on 6ix