Slide 1: Investor Presentation March 2025
INVESTOR PRESENTATION March 2025 NYSE American: BKTI
Slide 2: BK Technologies is a trusted brand in critical communications
2 BK Technologies is a trusted brand in the critical communications industry, developing innovative products and services for the military, first responders and public safety heroes. INVEST OR OVERVIEW / M arc h 2 025
Slide 3: Why BK
3 Exponentially Expanding SaaS Unit Expanding Market Verticals with TAM and Creating Long- BKR Product Line Term Vision Why BK Multiple Growth Drivers Driving Significant Creating Demand for Products Profitability Expansion and Services INVEST OR OVERVIEW / M arc h 2 025
Slide 4: Technology Leader in the Critical Communications Industry
4 Technology Leader in the Critical Communications Industry Land Mobile Radios (LMRs) New SaaS business unit represents longer-term vision Single-band and multiband radios Next generation solutions combining LMR and and accessories LTE/5G to create seamless connectivity among first responders INVEST
Slide 5: Designed In-House, Manufactured Globally, Hero Tough
5 Designed In-House In-house R&D team developing cutting-edge and innovative solutions. New SaaS division trailblazing the integration of SaaS-based services into the portable communications market. Manufactured Globally Manufacturing shifting to long-time partner East West Manufacturing. Asset-ligh
Slide 6: Our Customers Are the Engine of Our Growth
6 Our Customers Are the Engine of Our Growth Relationships Exceed 20 Years with Key Customers Strategic Contracts with Government Agencies INVEST OR OVERVIEW / M arc h 2 025
Slide 7: BKR 5000 Single Band Radio: Breakout Product Driving Revenue Growth
7 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 8: BKR 9000 Multiband Radio: Poised to Disrupt the Industry
8 BKR 9000 Multiband Radio: Poised to Disrupt the Industry Expected to be a higher portion of sales in 2024 & beyond All band capabilities expands High brand awareness at market opportunity in multiple an affordable price verticals Superior in-field Strong early demand from communications technology
Slide 9: BKR 9000 Case Study: New Orders, Expanded Verticals
9 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 standar
Slide 10: SaaS Business Unit
10 SaaS Business Unit The growing need for greater intelligence and situational awareness in the public safety sector is driving LTE/5G cellular adoption INVEST OR OVERVIEW / M arc h 2 025
Slide 11: Yesterday in Vehicles; Tomorrow on Smartphones
11 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 12: SaaS Solutions Expand TAM Opportunity
12 SaaS Solutions Expand TAM Opportunity US LTE Public Safety Market Growth Forecast TAM forecast ~$2.9B 1 • including US LTE Public Safety Market ~$571M 2 2023 ~$2.3B • BKR 5000 & BKR 9000 Addressable Market 11.6% CAGR 2024-2029 2 ~$200M • BKR 5000 Addressable ~$988M Market 2029 1 TechSciResearch 2
Slide 13: InteropONE Launched: High-Margin Revenue Opportunity
13 InteropONE Launched: High-Margin Revenue Opportunity • Only 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 fo
Slide 14: Financial Review
14 Financial Review INVEST OR OVERVIEW / M arc h 2 025
Slide 15: Multiband Technology Transforming Addressable Market
15 Multiband Technology Transforming Addressable Market ADDRESSABLE MARKET WITH BKR 5000 & BKR 9000 Current addressable market primarily using single band radio; demand is increasing for premium multiband product Multiband capability of BKR 9000 significantly expands market ~$2.3B* opportunity in mu
Slide 16: Long-Term Revenue Growth
16 Long-Term Revenue Growth Revenue Growth Revenue Growth Outpaced Unit Growth in 2023 $74M 45% $45M $51M 37% Revenue Growth $44M $40M Unit Growth $74M 34,500 $51M 25,200 $45M 22,500 2019 2020 2021 2022 2023 2021 2022 2023 2021 2022 2023 Shipping accelerated in 2023 due to supply chain constraints i
Slide 17: Improving Gross Margins
17 Improving Gross Margins Driving Global Supply Margin Recover/ Surpassing Target Chain Disruption Cost Reduction Margin Levels of 35% Consistent 2022 (GM 19.3%) 2023 (GM 30.0%) 2024 Margin 50.0% 38.8% 37.3% Improvement; 40.0% 31.9% 35.1% 34.5% 27.4% Returning to 30.0% 22.4% 18.8% 21.7% 26.1% Histo
Slide 18: Profit Expansion with Improving Balance Sheet
18 Profit Expansion with Improving Balance Sheet Income Statement Three Months Ended Nine Months Ended (in thousands) 9/30/24 9/30/23 9/30/24 9/30/23 Sales $20,179 $20,069 $58,664 $57,786 Gross Margin 38.8% 31.9% 36.9% 28.6% SG&A $5,225 $5,812 $16,052 $17,681 Operating Income (loss) $2,611 $594 $5,6
Slide 19: Focused on Profitable Growth
19 Focused on Profitable Growth 2019-2023 2024 2025 Revenue Growth Profitability Growth & Profitability TARGET: TARGETS: • Revenue Consistent with 2023 $100 Million in Revenue 17% • Improving Gross Margins Revenue • FY ‘24 EPS > $1.50 CAGR • FY ‘24 non-GAAP EPS > $1.77 19 INVEST OR OVERVIEW / Aug us
Slide 20: Summary: Creating Value for All of Our Stakeholders
20 Summary: Creating Value for All of Our Stakeholders BKR Product Line Trusted Brand SaaS Capabilities Exponentially Deeply Embedded Expand our TAM & Expanding Addressable in the Industry Complement LMR Market Opportunities Products Expanding Solutions Transition to Improving Margins and Support Lo
Slide 21: Appendix
21 Appendix INVEST OR OVERVIEW / M arc h 2 025
Slide 22: Safe Harbor Statement
22 Safe Harbor Statement 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, and financia
Slide 23: Reconciliation of Non-GAAP Metrics
23 Reconciliation of Non-GAAP Metrics Three Months Ended Nine Months Ended Non-GAAP Adjusted EBITDA (in thousands) 9/30/24 9/30/23 9/30/24 9/30/23 Net Income/(Loss) $2,357 $90 $4,702 $(2,520) Adjustments to reconcile net income/(loss) to EBITDA Interest expense, net 1 131 281 429 Income tax provisio
Slide 24: INVEST OR OVERVIEW / M arc h 2 025
INVEST OR OVERVIEW / M arc h 2 025