Bk Technologies Corporation · AMEX:BKTI
Bk Technologies — Q4 2025 Earnings Presentation
15 slides from Bk Technologies's earnings presentation, Mar 12, 2026
Slide 1: Fourth Quarter 2025 Earnings Results
NYSE American: BKTI Fourth Quarter 2025 Earnings Results Thursday, March 12th, 2026
Slide 2: Safe Harbor Statement
2 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 3: Fourth Quarter 2025 Highlights
3 Fourth Quarter 2025 Highlights • Revenue increased 20.0% to $21.5M, delivering full year 2025 revenue growth above high-single digit guidance • Sustained momentum of BKR 9000 with expanded penetration among target markets tier 2 and 3 first responders • Over 900bps Gross margin expansion to 50.4%
Slide 4: Driving Gross Margin Expansion
4 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 5: Revenue Growth Driven by Growing Demand for BKR Series Radios
5 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 with
Slide 6: Strong Financial Results
6 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 7: Enhanced Profitability
7 Enhanced Profitability Quarterly Adjusted EBITDA1 Quarterly Adjusted Earnings2 (millions) (millions) $5.3 $5.1 $5.0 $4.7 $4.7 $4.4 $3.1 $3.2 $2.7 $2.7 $2.4 $2.5 $2.4 $2.0 $1.4 $1.1 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Adjusted EBITDA is a non-GAAP measur
Slide 8: Strengthened Balance Sheet
8 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 $29.8M Cash & Cash Balance Sheet Equivalents of $2
Slide 9: 2026 Goals & Financial Targets
2026 Goals & Financial Targets 9 • 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 incu
Slide 10: Financial Targets Consistently Achieved
10 Financial Targets Consistently Achieved Proven track record of successful strategic execution, delivering sustainable growth ahead of targets throughout business cycles (in $USD millions except per share data) Actual Vision Actual Target Vision 2020 2025 20251 2026 2030 Revenue $44.1 $100 $86.1 $
Slide 11: Q&A
11 Q&A
Slide 12: Appendix
12 Appendix
Slide 13: Reconciliation of Non-GAAP Metrics
13 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 14: Reconciliation of Non-GAAP Metrics, Cont.
14 Reconciliation of Non-GAAP Metrics, Cont. Non-GAAP Adjusted EBITDA (in thousands) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Net Income $681 $1,664 $2,357 $3,657 $2,132 $3,741 $3,436 $4,227 Adjustments to reconcile net income to EBITDA Interest (income) expense, net 174 106 1 (15) (3) (39) (94) (129
Slide 15: NYSE American: BKTI
TECHNOLOGIES —— EEE NYSE American: BKTI