Slide 1: Second Quarter 2025 Earnings Results
NYSE American: BKTI Second Quarter 2025 Earnings Results Thursday, August 14th, 2025
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: Second Quarter 2025 Highlights
3 Second Quarter 2025 Highlights • Revenue increased 4.5% to $21.2M; consistent with single digit revenue growth target for FY2025 • Gross margin improved to 47.4% compared with 37.3% in 2Q24 • Fully diluted GAAP EPS of $0.96 compared with $0.47 in 2Q24 • Fully diluted non-GAAP adjusted EPS of $1.30
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%) (First Six Months GM 47.2%) 50.0% 47.0% 47.4% 45.0% 41.2% 38.8% 40.0% 37.3% 35.1% 34.5% 35.0
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 (in Millions) $21.2 • Strong demand for BKR Series radios is driving year-over-year and sequential $20.1 $20.2 $20.3 revenue growth $19.1 • Order activity from federal customers is picking up momentum; received $12
Slide 6: Strong Financial Results
6 Strong Financial Results Income Statement Three Months Ended Six Months Ended (in thousands) 6/30/25 6/30/24 6/30/25 6/30/24 Sales $21,165 $20,254 $40,219 $38,485 Gross Margin 47.4% 37.3% 47.2% 35.9% SG&A $6,038 $5,522 $12,072 $10,827 Operating Income $3,997 $2,025 $6,913 $3,008 Operating Margin 1
Slide 7: Growing Profitability
7 Growing Profitability Quarterly Adjusted EBITDA1 Quarterly Adjusted Net Income2 $5.1M $4.4M $3.2M $3.1M $2.7M $2.5M $2.7M $2.4M $2.4M $2.0M $1.4M $1.1M 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 1Adjusted EBITDA is a non-GAAP measure that adjusts GAAP net income to adjust for inte
Slide 8: Strengthened Balance Sheet
8 Strengthened Balance Sheet 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 $36.8M $28.9M $23.0M $29.8M Balance Sheet Cash & Cash Cash & Cash Equivalents Equival
Slide 9: 2025 Goals & Financial Targets
9 2025 Goals & Financial Targets • Updating Select FY 2025 Financial Targets: • Expect single digit revenue growth at high end of range • Gross margins of 47+% (previously 42+%) • GAAP diluted EPS of $3.15 (previously $2.40) • Non-GAAP diluted adjusted EPS of $3.80 (previously $2.80) • Continued inv
Slide 10: Q&A
10 Q&A
Slide 11: Appendix
11 Appendix
Slide 12: Reconciliation of Non-GAAP Metrics
12 Reconciliation of Non-GAAP Metrics Three Months Ended Six Months Ended Non-GAAP Adjusted EBITDA (in thousands) 6/30/25 6/30/24 6/30/25 6/30/24 Net Income $3,741 $1,664 $5,873 $2,345 Adjustments to reconcile net income to EBITDA Interest (income) expense, net (39) 106 (42) 280 Income tax provision
Slide 13: Reconciliation of Non-GAAP Metrics, Cont.
13 Reconciliation of Non-GAAP Metrics, Cont. Non-GAAP Adjusted EBITDA (in thousands) 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 Net Income $681 $1,664 $2,357 $3,657 $2,132 $3,741 Adjustments to reconcile net income to EBITDA Interest (income) expense, net 174 106 1 (15) (3) (39) Income tax provision (benefit) 21
Slide 14: NYSE American: BKTI
TECHNOLOGIES el NYSE American: BKTI