Slide 1: Third Quarter 2023 Earnings
BK TECHNOLOGIES. aa ’ THIRD QUARTER 2023) EARNINGS — ‘Goo November 9th, 2023 See ioey fp NYSE American: BAT}. ,
Slide 2: Disclosures: Forward-Looking Statements
| DISCLOSURES Forward-Looking Statements ‘Ths presentation contains certain forward-cokng statment that are made pursuanto the “Safe Harbr’provisins ofthe Private Securtis Litigation Reform Act o 995. These forward-looking statements concern the Company operations, ecnomic performance andfinancal co
Slide 3: Third Quarter Highlights
THIRD QUARTER HIGHLIGHTS IMPROVED SHIPMENT VOLUMES DRIVE REVENUE GROWTH * 9,310 radios shipped in Q3 + 68% increase in revenue compared to Q3 2022 + $21.8 million backlog at September 30, 2023 CONTINUED SHIPMENT OF BKR 9000 MULTIBAND RADIO + State of Hawaii placed emergency order as part of emergenc
Slide 4: Strong Customer Demand
& STRONG CUSTOMER DEMAND Quarter 3 Highlighted ORDERS: 50 BKR 9000 multiband radios to the State of Hawaii Department of Health $963,000 order for the BAR 9000 multiband radio from the Sandoval County Office of Emergency Management $3.4 million in total orders for the BKR 5000 radio from the Nationa
Slide 5: Radio Shipments Remain Strong
RADIO SHIPMENTS REMAIN STRONG RADIO UNITS SHIPPED QUARTERLY 2023 YTD * 28,249radios shipped 8,938 7310 me + Revenue per 5,350 radio $2,046 Q3'22 Q4'22 aQr'23 Q2'23 Q3'23 On track to ship 36,000 radios for full year 2023 NYSE American: BKTI
Slide 6: Gross Margin Returning to Historical Range
® GROSS MARGIN RETURNING TO HISTORICAL RANGE GlobalSupply Chain —_ Targeting Incremental Margin Disruption Impacted 2022 Improvement in Q423 2022 2023 Gross margin has improved sequentially and year-over-year NYSE American: BKTI
Slide 7: Financial Results
(24) FINANCIAL RESULTS 9months 9 months (in thousands) 30'23 30'22 ended ended 9/30/23 9/30/22 Sales $20,069 $11,917 $57,786 $30,612 Gross Margin 31.9% 18.8% 29% 18% SG&A $5,812 $4,632 $17,681 $14,952 Operating income (loés) $594 $(2,391) $(1,177) $(9,515) Net income (loss) $90 $(2,402) $(2,520) $(1
Slide 8: LTE/5G Market Is Broad and Expanding
LTE/5G MARKET IS BROAD AND EXPANDING Previous Successes Larger Opportunity Today ro ee ye a - bi ye LTE N LMR#LTE/SG () e AR pate CONNECTING CONNECTING LMR VEHICLES FIRSTRESPONDERS P25 CONVENTIONAL/ LMR RADIO, GPS, LAPTOP, IN- LMR RADIO, BODY CAM TRUNKED RADIO CAR VIDEO, VIDEO SENSORS SMARTPHONE * G
Slide 9: SaaS Business Unit Creating Opportunities for Recurring Revenue and Attractive Margins
SaaS BUSINESS UNIT CREATING OPPORTUNITIES FOR ” RECURRING REVENUE AND ATTRACTIVE MARGINS December 2021: Three patent applications; October 2022: InteropONE launched as the only patents pending Push-To-Talk-Over-Cellular (PTTOC) service 1. InteropONE PTTOC related enabling on-demand group communicati
Slide 10: BKR 9000 plus InteropONE: Department of Defense Win
BKR 9000 plus InteropONE: Department of Defense WIN + DoD requirement Radios mustbe multiband, LTE capable andP25 network ready. Supported bands must be VHF, UHF and 700/800mhz and GPS ready for situational awareness + InteropONETethering feature accepted as alternative solution to incumbent converg
Slide 11: Signed Manufacturing Agreement with East West Manufacturing
SIGNED MANUFACTURING AGREEMENT WITH ~ EAST WEST MANUFACTURING Strategic Shift to Asset Light Strategy: + Improve working capital; reduce inventory and production costs + Existing relationship with East West Manufacturing supports efficient transition * 12manufacturing facilities located in North Ame
Slide 12: Targeting $100M in Revenues by 2025
+ BKR series including the recently launched BER 9000 LMR verticals t * SaaS business unit developing innovative services to captu! additional radio sales. InteropONE opens new public safety Targeting $100M in revenues by 2025 \
Slide 13: Q&A
Q&A NYSE Americar