Bk Technologies Corporation · AMEX:BKTI
Bk Technologies — Investor Presentation (March 2026)
30 slides from Bk Technologies's investor presentation, Mar 20, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION March 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. INVESTOR OVERVIEW / March 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 INVESTOR OVERVIEW / March 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: Technology Leader in the Critical Communications Industry
5 Technology Leader in the Critical Communications Industry Land Mobile Radios (LMRs) BK ONE solutions business unit represents longer-term vision Single-band and multiband radios Interoperable solutions combining LMR and and accessories LTE/5G to create seamless connectivity among first responders
Slide 6: Designed In-House, Outsourced Manufacturing, Mission Critical
6 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 7: Longstanding Customer Relationships
7 Longstanding Customer Relationships Relationships Exceed 20 Years with Key Customers Strategic Contracts with Government Agencies INVESTOR OVERVIEW / March 2026
Slide 8: BKR Series Radios Represent Path to Larger Share of LMR Market
8 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 9: BKR 5000 Single Band Radio: Breakout Product Driving Revenue Growth
9 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 wit
Slide 10: BKR 9000 Multiband Radio: Poised to Disrupt the Industry
10 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 11: BKR 9000 Case Study: New Orders, Expanded Verticals
11 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 12: Emerging LTE Opportunity Further Expands Market
12 Emerging LTE Opportunity Further Expands Market US LTE Public Safety Market Growth Forecast3 TAM forecast ~$2.9B 1 • including US LTE 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 • Military • Pu
Slide 13: BK ONE Solutions Business Unit
13 BK ONE Solutions Business Unit Developing innovative and interoperable communications applications and solutions to promote a unified response for planned and emergency events INVESTOR OVERVIEW / March 2026
Slide 14: Yesterday in Vehicles; Tomorrow on Smartphones
14 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 15: Diverse portfolio to meet customer demands
15 Diverse portfolio to meet customer demands with additional offerings in various stages of development INVESTOR OVERVIEW / March 2026
Slide 16: InteropONE: High-Margin Revenue Opportunity
16 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 17: Financial Review
17 Financial Review INVESTOR OVERVIEW /March 2026
Slide 18: Long-Term Revenue and Profitability Growth
18 Long-Term Revenue and Profitability Growth Annual Revenue Growth Annual Adjusted EBITDA1 & Adjusted Net (in millions) Income2 Growth $86.1 2021 2022 2023 2024 2025 $74.1 $76.6 Adjusted $492K $(9.3M) $1.5M $9.6M $17.6M $51.0 EBITDA $44.1 $45.4 Adjusted Net $(736K) $(9.6M) $2K $6.8M $17.0M Income (
Slide 19: Revenue Growth Driven by Growing Demand for BKR Series Radios
19 Revenue Growth Driven by Growing Demand for BKR Series Radios YoY Quarterly Revenue • Expanding deployments of BKR Series (in Millions) radios across agencies driven by $24.4 sustainable, recurring replacement 24 cycles 22 $21.2 $21.5 $20.3 $20.2 • 4Q25 revenue increased 20% 20 $19.1 compared wit
Slide 20: Driving Gross Margin Expansion
20 Driving Gross Margin Expansion 2022 2023 2024 2025 Global Supply Margin Recovery/ Move to East West Uncertain Tariff Chain Disruption Cost Reductions Target 35% Environment (GM 19.3%) (GM 30.0%) (GM 37.9%) (GM 48.8%) 49.9% 50.4% 50.0% 47.0% 47.4% 45.0% 41.2% 38.8% 40.0% 37.3% 35.1% 34.5% 35.0% 31
Slide 21: Strengthened Balance Sheet
21 Strengthened Balance Sheet Significantly increased cash position, improved working capital and no debt give BK financial flexibility to execute growth strategy and deliver shareholder value Working Capital Shareholders’ Equity $37.3M $44.7M $23.0M Cash & Cash $29.8M Balance Sheet Equivalents of $
Slide 22: 2026 Goals & Financial Targets
22 2026 Goals & Financial Targets • Introducing 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 23: Vision 2030 Objectives
23 Vision 2030 Objectives Vision 2025-2030 Trajectory (Revenue and FCF in Millions) • Double revenue to $170 million 180 $170 • Addressable market expansion 160 • Increasing BKR 9000 install base • BKR 9500 mobile platform rollout 140 • Gross margin expansion to 60% driven by 120 favorable multiband
Slide 24: Summary: Creating Value for All of Our Stakeholders
24 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 25: Appendix
25 Appendix INVESTOR OVERVIEW / March 2026
Slide 26: Safe Harbor Statement
26 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 27: Strong Financial Results
27 Strong Financial Results Income Statement Three Months Ended Twelve Months Ended (in thousands) 12/31/25 12/31/24 12/31/25 12/31/24 Sales $21,508 $17,927 $86,139 $76,592 Gross Margin 50.4% 41.2% 48.8% 37.9% SG&A $6,621 $5,170 $26,040 $21,222 Operating Income $4,229 $2,209 $15,987 $7,828 Operating
Slide 28: Reconciliation of Non-GAAP Metrics
28 Reconciliation of Non-GAAP Metrics Three Months Ended Twelve Months Ended Non-GAAP Adjusted EBITDA (in thousands) 12/31/25 12/31/24 12/31/25 12/31/24 Net Income $4,227 $3,657 $13,536 $8,359 Adjustments to reconcile net income to EBITDA Interest (income) expense, net (129) (15) (265) 266 Income ta
Slide 29: Reconciliation of Non-GAAP Metrics, Cont.
29 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 30: INVESTOR OVERVIEW / March 2026
INVESTOR OVERVIEW / March 2026