Bk Technologies Corporation · AMEX:BKTI
Bk Technologies — Q1 2023 Earnings Presentation
11 slides from Bk Technologies's earnings presentation, May 10, 2023
Slide 1: First Quarter 2023
BK TECH "FIRST QUARTER 2023 May 4,-2023 ~~ NYSE American: BAT]. | x
Slide 2: Forward-Looking Statements
@) piscLosurEs Forward-Looking Statements ‘This presentation contains certain forward-looking statements that are made pursuant to the ‘Safe Harbor” provisions af the Private Securities Litigation Reform Act of 1995 These forward Looking statements concern the Company's operations, economic performa
Slide 3: First Quarter Highlights
© FIRST QUARTER HIGHLIGHTS IMPROVED SHIPMENT VOLUMES DRIVE REVENUE GROWTH 10,001 radios shipped in Q1 184% increase in revenue Gross margins improved to 26% At Mach 31, 2023 backlog was $22.9 million PROGRESSING TOWARDS BKR 9000 MULTIBAND RADIO LAUNCH + FCC testing laboratory has indicated that test
Slide 4: Strong Customer Demand
STRONG CUSTOMER DEMAND Orders Received in 1Q23 Include: * $1.4 million follow-on purchase order for BKR 5000 from Washington State Department of Natural Resources + First purchase order for its InteropONE PTToC service from a large public safety agency in top five U.S. market + $781,000 order for BK
Slide 5: Radio Shipments Continue to Improve
() RADIO SHIPMENTS CONTINUE TO IMPROVE RADIO UNITS SHIPPED QUARTERLY 11,200 Targeting egy) between 8,000 and 10,000 radio deliveries per quarter in 2023 2,500 ar22 Q2'22 Q3'22 Q4'22 Qr23 Shipped 1 101 Radios in QI With Improved Gross Margin: NYSE American: BKTI
Slide 6: Gross Margin Performance Is Improving
GROSS MARGIN PERFORMANCE IS IMPROVING Global Supply Chain Targeting 35% Gross Margins Disruption Impacted 2022 For Full Year 2023 400% 350% aa0% 250% = 200% 150% 100% som 00% a la @ w at a @ @ as 2021 2022 2023, On Pace for Quarter over Quarter Gross Margin Improvement NYSE American: BKTI
Slide 7: BKR 9000 Progressing Towards Launch
BKR 9000 PROGRESSING TOWARDS LAUNCH ¢ First Quarter 2023 ° FCC testing underway ¢ Robust pre-order activity * April-June 2023 ° FCC testing nears completion ° FCC certification approval expected ¢ Planning first customer shipments NYSE American: BTL
Slide 8: Financial Results
(5) FINANCIAL RESULTS (in thousands) Sales $18,721 $6,585 Gross Margin 26% 22% SG&A $5,882 $4,916 Operating (loss) $(987) $(3,444) Net income (loss) $1,270) $(3,936) (in thousand: March 31, 2023 December 31, 2022 Cash & Cash Equivalents $2,823 $1918 Working Capital $12,496 $13,247 Long-term debt $25
Slide 9: 2023 Strategic Focus
(®K) 2023 STRATEGIC FOCUS 1. Level Load Production * Production capacity of 10,000 radios per quarter, 40,000 for full year 2023 * Targeting production of 8,000 to 10,000 radios per quarter + Anticipate shipment of 32,000 to 36,000 radios for full year 2023 2. Targeting Gross Margin Improvement to 3
Slide 10: The Future of BK Technologies: Targeting $100M in Revenues by 2025
(xk) 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
Slide 11: Q&A
Q&A NYSE American: BKTI