Slide 1: Fourth Quarter & Full Year 2024 Earnings Results
TECHNOLOGIES NYSE American: BKTI Fourth Quarter & Full Year 2024 Earnings Results Thursday, March 27th, 2025 POL I c E &y
Slide 2: Safe Harbor Statement
Safe Harbor Statement Thi : the Securities Act of 1933, as amended, and 2E of the Exchange Act. the including, nd uncertainties, its, perf Company, or rf implied statements Such factors and risks include, th our SaaS and lines and ud ‘our anticipated nd the planned mobile radio uding hig! ter litica
Slide 3: Fourth Quarter 2024 Highlights
Fourth Quarter 2024 Highlights Revenue increased 9.9% to $17.9M Gross margins of 41.2% 4Q fully diluted EPS of $0.93 which includes a one-time $0.37 per share non-cash income tax benefit related to deferred tax assets 4Q fully diluted non-GAAP adjusted EPS of $0.61" + Sixth consecutive quarter of pr
Slide 4: Full Year 2024 Highlights
Full Year 2024 Highlights Exceeded Fiscal 2024 Financial and Operational Targets 2024 Order Activity Drove Enhanced Sales Results FY24 revenue of $76.6 million with gross margin of 37.9% Full-year fully diluted GAAP EPS of $2.25 which includes a one-time $0.27 per share non-cash income tax benefit r
Slide 5: Surpassed Target Margin Levels of 35% in 2024
Surpassed Target Margin Levels of 35% in 2024 40 & FY24 Presentation / NYSE American Global Supply Chain Margin Recover/ Surpassed Target Margin Disruption Cost Reduction Levels of 35% 2022 (GM 19.3%) 2023 (GM 30.0%) 2024 (GM 37.9%) 41.2% s a7a% 38.8% 35: xe 34.5% sax) | 274%. a ce 03 ors a 2 03 a a
Slide 6: Consistent Quarterly Revenue & Growth in Adjusted Net Income
Consistent Quarterly Revenue & Growth in Adjusted Net Income Driven by Improving Gross Margins Quarterly Revenue Growth Quarterly Adjusted Net Income Growth* $203M $20.2 $2.7M $18.2M $17.9M $163M $2.0M $1aM $704K 4023 1024 2024 3024 saza 4023 1024 2024 3024 4024 ‘Acted net ne ven: : spenses, severan
Slide 7: Annual Revenue & Adjusted Profitability Growth Demonstrates Strengthening of Business Model
Annual Revenue & Adjusted Profitability Growth Demonstrates Strengthening of Business Model Annual Revenue Growth Annual Adjusted Net Income? & Adjusted (in milions) EBITDA? Growth 8 eT $744 $76.6 pases | sees | ozs | 202 | Pa oo Adjusted $51.0 EBITDA $492k $(93M) ss $,5M_—$10.4M $45.4 Adjusted Net
Slide 8: Strong Financial Results
Strong Financial Results Income Statemen' (in thousands) Sales Gross Margin SGBA Operating Income (loss) Net Income (loss) EPS - diluted Adjusted Net Income! Adjusted EPS - diluted: Adjusted EBITDAz Three Months En Full Year End 12/31/24 12/31/23 12/31/24 12/31/23 $17,927 $16.309 $76,592 $74,094 41.
Slide 9: Strengthened Balance Sheet Driven By Enhanced Operational Performance
Strengthened Balance Sheet Driven By Enhanced Operational Performance Enhanced cash position, increased working capital and no long-term debt positions BK with the financial flexibility to execute on its growth strategy Working Capital Shareholders’ Equity $16.8M : $213M 123123 123124 323123, 123124
Slide 10: 2025 Goals & Financial Targets
2025 Goals & Financial Targets Expect single digit revenue growth in FY25 with target GM of at least 42% Targeting FY25 GAAP diluted EPS of $2.40 and Non- GAAP diluted adjusted EPS of $2.80 Increase investments in sales and marketing to enhance BKR gooo adoption Strategically build R&D and engineeri
Slide 11: BKONE Solutions
BKONE Solutions Expand Addressable Market & Enhance Radio Capabilities Interoperable solutions that fe) a unified first rest response 40 & FY24 Presen tation 7 NYSE American BKONE BK TECHNOLOGIES. InteropONE LocateONE’ Relay ONE
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Slide 14: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Three Months Ended Full Year Ended 42au23 Non-GAAP Adjusted EBITDA (in thousands) azau2a a2 Azau2a Net Income/(Loss) $3,687 $230 $3,359 $12,230) Adjustments to reconcile net income/loss) to EBITDA, Interest expense. ni (as) 16 266 575 Income tax provision (benefit)
Slide 15: Reconciliation of Non-GAAP Metrics, Cont.
Reconciliation of Non-GAAP Metrics, Cont. Non- IAAP Adjusted EBITDA (in thousands) Net Income/(Loss) Adjustments to reconcile net income/loss) to EBITDA, (benefit) Soeaoi as ronson EBr Non cash stock-based compensation expense Severance ‘Adjusted EBITDA Net Income/ALoss) Net realized and unrealized
Slide 16: TECHNOLOGIES
TECHNOLOGIES a __ NYSE American: BKTI