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BK Technologies

OverviewSuggest Edit

BK Technologies (formerly RELM Wireless) designs and manufactures wireless communication products, principally two-way land mobile radios (LMR), sold to two market segments: the government and public safety markets, including homeland security, fire, rescue, law enforcement and emergency medical personnel as well as military and various agencies of the federal, state and local governments; and the business, industrial and commercial markets, including disaster recovery, railroads, educational institutions, hotels, construction companies and airlines.

TypePublic
Founded1997
HQMelbourne, FL, USMap
Websitebktechnologies.com
Employee Ratings2.7More
View Jobs (10)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)109(-2%)
Job Openings10
Revenue (FY, 2020)$44.1 M(+11%)
Share Price (May 2022)$2.3(+2%)
Cybersecurity ratingDMore
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Key People/Management at BK Technologies

Timothy A. Vitou

Timothy A. Vitou

President
William P. Kelly

William P. Kelly

Executive Vice President, Chief Financial Officer & Secretary
Branko Avanic

Branko Avanic

Chief Technology Officer
James E. Gilley

James E. Gilley

Chief Scientist
Randy Willis

Randy Willis

Chief Operations Officer
D. Kyle Cerminara

D. Kyle Cerminara

Chairman
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BK Technologies Office Locations

BK Technologies has an office in Melbourne
Melbourne, FL, US (HQ)
7100 Technology Dr
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BK Technologies Financials and Metrics

BK Technologies Revenue

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BK Technologies's revenue was reported to be $44.14 m in FY, 2020
USD

Revenue (Q1, 2021)

8.6m

Gross profit (Q1, 2021)

3.1m

Gross profit margin (Q1, 2021), %

36.2%

Net income (Q1, 2021)

(694.0k)

EBIT (Q1, 2021)

(877.0k)

Market capitalization (12-May-2022)

39.5m

Closing stock price (12-May-2022)

2.3

Cash (31-Mar-2021)

6.4m

EV

33.5m
BK Technologies's current market capitalization is $39.5 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

24.1m27.6m27.0m31.0m29.7m50.7m39.4m49.4m40.1m44.1m

Revenue growth, %

15%(4%)71%

Cost of goods sold

14.0m164.0k140.0k9.0k54.0k180.0k149.0k38.0k194.0k126.0k

Gross profit

10.1m27.4m26.9m31.0m29.7m50.5m39.2m49.3m39.9m44.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

4.7k7.0m4.4m9.3m8.1m7.1m6.2m7.6m7.8m9.1m8.7m8.6m6.6m7.6m12.1m16.7m14.7m7.4m10.8m11.8m11.7m13.7m13.3m7.6m13.3m11.8m10.9m9.9m8.6m

Cost of goods sold

3.0k3.5m2.7m4.7m4.1m3.8m3.5m4.3m4.7m5.2m4.9m4.9m4.2m4.1m8.2m11.1m10.1m5.1m6.3m8.0m6.9m7.8m7.8m5.2m7.6m6.7m7.0m5.6m5.5m

Gross profit

1.7k3.5m1.7m4.6m4.0m3.2m2.7m3.3m3.1m3.9m3.8m3.7m2.4m3.5m3.8m5.6m4.6m2.2m4.5m3.8m4.8m5.9m5.5m2.4m5.7m5.1m3.9m4.3m3.1m

Gross profit Margin, %

35%50%38%50%50%46%44%43%40%43%44%43%36%46%32%34%31%30%42%32%41%43%41%32%43%43%36%44%36%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.7m6.6m7.9m11.4m4.7m10.9m7.1m11.3m4.7m6.8m

Accounts Receivable

4.2m2.1m2.8m3.3m4.1m1.6m5.5m5.7m4.0m6.5m

Prepaid Expenses

526.0k915.0k1.9m1.9m3.1m772.0k2.4m1.7m1.9m

Inventories

12.1m13.3m11.6m12.1m16.3m14.0m14.4m11.5m13.5m9.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

4.2k4.9m3.5m4.4m6.2m4.5m5.8m7.6m8.0m9.2m10.9m10.7m11.7m7.9m6.3m9.1m8.6m8.3m7.5m8.9m8.1m10.7m11.3m7.5m7.4m8.8m4.9m6.9m6.4m

Accounts Receivable

2.5k3.3m2.1m5.6m4.6m5.0m3.5m3.8m5.5m6.3m4.5m5.7m3.4m4.2m7.2m5.9m6.2m3.3m5.3m7.0m7.7m7.0m7.4m5.0m5.1m2.9m4.6m3.6m4.6m

Prepaid Expenses

505.0k553.0k982.0k937.0k678.0k1.0m1.4m1.6m1.8m2.1m1.7m2.5m2.6m3.1m1.9m1.8m1.0m884.0k843.0k760.0k871.0k1.6m2.5m2.1m1.8m1.8m1.4m1.8m

Inventories

13.0k12.2m12.5m11.3m12.3m13.5m12.9m11.4m10.9m10.3m11.7m11.6m12.3m13.8m17.0m15.9m13.3m14.8m14.8m15.2m15.3m12.8m10.7m12.2m13.3m14.5m10.9m9.5m10.5m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(493.0k)2.1m1.1m1.6m1.0m2.7m(3.6m)(195.0k)(2.6m)248.0k

Depreciation and Amortization

1.4m420.0k1.5m1.2m914.0k942.0k942.0k921.0k1.2m1.3m

Inventories

354.0k1.3m(1.6m)546.0k4.2m(2.1m)508.0k(2.9m)2.2m3.9m

Accounts Payable

(997.0k)(624.0k)(182.0k)453.0k882.0k(312.0k)4.0m(376.0k)(285.0k)(191.0k)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Net Income

(1.5k)(628.0k)(401.0k)845.0k1.7m405.0k602.0k1.1m475.0k1.1m1.8m538.0k617.0k829.0k513.0k1.9m2.6m(1.3m)50.0k650.0k(443.0k)503.0k1.2m(1.3m)(1.6m)(1.3m)(1.2m)(1.5m)(694.0k)

Depreciation and Amortization

704.01.1m317.0k641.0k975.0k369.0k740.0k1.1m297.0k615.0k930.0k218.0k443.0k697.0k214.0k456.0k718.0k229.0k471.0k727.0k211.0k439.0k702.0k256.0k575.0k896.0k320.0k661.0k298.0k

Inventories

1.1k385.0k437.0k(914.0k)174.0k148.0k(436.0k)(1.8m)(710.0k)1.3m(118.0k)537.0k(186.0k)(1.7m)(785.0k)320.0k2.9m(785.0k)(843.0k)(1.3m)(929.0k)1.6m3.7m(715.0k)(1.8m)(3.1m)2.5m3.9m(1.4m)

Accounts Payable

(826.0)(1.3m)(360.0k)406.0k795.0k610.0k(194.0k)(194.0k)740.0k762.0k898.0k103.0k487.0k1.2m1.9m2.3m526.0k673.0k899.0k3.8m(1.1m)(2.4m)(2.5m)602.0k1.2m1.3m(474.0k)(838.0k)299.0k
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USDQ2, 2011

Financial Leverage

1.2 x
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BK Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

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BK Technologies Online and Social Media Presence

BK Technologies's Trends

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BK Technologies News and Updates

March 25, 2021

Global Land Mobile Radio Market (2021 to 2025) - Featuring BK Technologies, Motorola Solutions and Sepura Among Others

Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Global Land Mobile Radio Market 2021-2025" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the land mobile radio market and it is poised to grow by $7.38 billion during 2021-2025 progressing at a CAGR of …

BK Technologies Blogs

March 23, 2022

BK Technologies Appoints Industry Veteran James Teel to Lead New SaaS Solutions Business

WEST MELBOURNE, FL, March 23, 2022 / BK Technologies Corporation (NYSE American: BKTI) today announced the appointment of James Teel to lead the Company’s new software-as-a-service (SaaS) solutions business unit. Mr. Teel brings more than 30 years of experience in the wireless communications industr…
March 10, 2022

BK Technologies to Host Fourth Quarter and Full Year 2021 Conference Call on Thursday, March 17, 2022

WEST MELBOURNE, FL, March 10, 2022 – BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call to discuss its operating results for the fourth quarter and year ended December 31, 2021 on Thursday, March 17, 2022 at 9:00 a.m. ET. On the call will be John Suzuki, CEO and …
March 09, 2022

BK Technologies Launches New SaaS Solutions Business Dedicated to Public Safety Market

WEST MELBOURNE, FL / ACCESSWIRE / March 9, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced the launch of a dedicated business unit focused on delivering software-as-a-service (SaaS) solutions to the public safety market. The new unit will develop and deliver a comprehensive s…
February 22, 2022

Camp Pendleton Fire Department Selects BK Technologies’ BKR 5000

WEST MELBOURNE, FL / ACCESSWIRE / February 17, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that it has received a purchase order from Marine Corps Base Camp Pendleton for its new BKR 5000 portable communications technology, as part of their life cycle replacement program …
January 17, 2022

Employee Service Award

Peter L. Rogell has distinguished himself in the performance of outstanding service to BK Technologies as Vice President of Strategic Account from 15 October 1976 to 14 October 2021. With over an impressive 45-year career, Mr. Rogell has held numerous positions that have contributed greatly to the s…
January 12, 2022

BK Technologies Announces Planned Retirement of Chief Financial Officer Bill Kelly After Distinguished 26-Year Career With The Company

WEST MELBOURNE, FL / ACCESSWIRE / January 11, 2022 / BK Technologies Corporation (NYSE American:BKTI) today announced that Executive Vice President and Chief Financial Officer Bill Kelly, 65, will retire after a distinguished 26-year career with the Company. BK Technologies has initiated an external…
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 BK Technologies Frequently Asked Questions

  • When was BK Technologies founded?

    BK Technologies was founded in 1997.

  • Who are BK Technologies key executives?

    BK Technologies's key executives are Timothy A. Vitou, William P. Kelly and Branko Avanic.

  • How many employees does BK Technologies have?

    BK Technologies has 109 employees.

  • What is BK Technologies revenue?

    Latest BK Technologies annual revenue is $44.1 m.

  • What is BK Technologies revenue per employee?

    Latest BK Technologies revenue per employee is $404.9 k.

  • Who are BK Technologies competitors?

    Competitors of BK Technologies include Aviat Networks, Ceragon Networks and Airspan Networks.

  • Where is BK Technologies headquarters?

    BK Technologies headquarters is located at 7100 Technology Dr, Melbourne.

  • Where are BK Technologies offices?

    BK Technologies has an office in Melbourne.

  • How many offices does BK Technologies have?

    BK Technologies has 1 office.