Bk Technologies Corporation · AMEX:BKTI
Bk Technologies — Q2 2022 Earnings Presentation
11 slides from Bk Technologies's earnings presentation, Aug 11, 2022
Slide 1: Second Quarter 2022 Earnings Results
BK TECHNOLOGIES SECOND QUARTER 2022 EARNINGS RESULTS NYSE American: BKTI August 11, 2022
Slide 2: Disclosures
DISCLOSURES Forward-Looking Statements This presentation contains certain forward-looking statements that are made pursuant to the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the Company’s operations, economic performance
Slide 3: Second Quarter Highlights
SECOND QUARTER HIGHLIGHTS STRONG GROWTH • Revenues of $12 million increased 6.8% year over year and 84% sequentially compared to 1Q22 • Record bookings of $19 million driven by strong demand for BKR 5000 as customers upgrade portable communications platforms PROGRESSING TOWARDS BKR 9000 MULTIBAND RA
Slide 4: BKR 5000 Continues to See Strong Traction
BKR 5000 CONTINUES TO SEE STRONG TRACTION INCREASING DEMAND FOR BKR LINE: 50% Increase in 1H Bookings Year-Over-Year • New and existing customers upgrading radio fleets • Record bookings in 2Q’22/1H ‘22 • Second BKR5000 production line added that $34M increases manufacturing capabilities to reduce b
Slide 5: Positioned for Significant Growth in 2H & FY 2022
POSITIONED FOR SIGNIFICANT GROWTH IN 2H & FY 2022 RADIO UNITS DELIVERED Targeting ~16,000 – 18,400 units Q4 20 Securing material and 8,600 production capacity to 1H ’22 2H ’22 increase deliveries in the (actual) (projection) second half of 2022 and capitalize on record bookings for BKR 5000 22,500 T
Slide 6: Progress Advancing BKR 9000: Expecting Q4 Launch
PROGRESS ADVANCING BKR 9000: EXPECTING Q4 LAUNCH MARKET OPPORTUNITY • BKR 9000 multiband radio significantly expands market verticals into police, structure fire and EMS PROGRESS TOWARDS LAUNCH • Engineering and manufacturing teams are dialing in the performance, fit and manufacturability • Working
Slide 7: SaaS Business Unit: LMR/LTE Presents a Large Market Opportunity
SAAS BUSINESS UNIT: LMR/LTE PRESENTS A LARGE MARKET OPPORTUNITY PREVIOUS SUCCESSES OPPORTUNITY TODAY LTE/5G LMR/LTE CONNECTED FIRST LMR RESPONDERS P25 CONVENTIONAL/ VE H I C L E S TRUNKED RADIO LMR RADIO, GPS, LAPTOP, IN- CAR LMR RADIO, BODY CAM VIDEO, VIDEO SENSORS SMARTPHONE • Global SaaS market v
Slide 8: Capitalizing on Opportunities in LMR/LTE
CAPITALIZING ON OPPORTUNITIES IN LMR/LTE Launched dedicated business unit in February 2022 to develop and deliver a comprehensive suite of state-of- the-art subscription-based software-as-a-service solutions for first responders utilizing the LTE network James Teel to lead unit; 30 years of experien
Slide 9: Financial Results & Highlights
FINANCIAL RESULTS & HIGHLIGHTS 6 months 6 months • Revenue grew 6.8% to $12 million; record Q2 (in thousands) 2Q’22 2Q’21 ended ended bookings of $19 million provides momentum 6/30/22 6/30/21 • Significant margin compression related to higher Sales $12,111 $11,335 $18,696 $19,899 component prices as
Slide 10: The Future of BK Technologies: Targeting $100M in Revenues by 2025
THE FUTURE OF BK TECHNOLOGIES: TARGETING $100M IN REVENUES BY 2025 • Create a leader in the public safety industry specializing in personal communications devices that maximize safety and efficiency for first responders • BKR 5000 continues to gain traction in the market; BKR 9000 positioned to sign
Slide 11: Q&A
Q&A 11 NYSE American: BKTI 11