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BK Technologies

  • Revenue$45.4 MFY, 2021
  • Market Capitalization$48.9 M2022-08-04

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 Ratings2.8
View Jobs (15)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)109(-2%)
Job Openings15
Revenue (FY, 2021)$45.4 M(+3%)
Share Price (Aug 2022)$2.8(+4%)
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
Show all (1)

BK Technologies Financials and Metrics

BK Technologies Revenue

BK Technologies's revenue was reported to be $45.36 m in FY, 2021
USD

Revenue (Q1, 2022)

6.6m

Net income (Q1, 2022)

(3.9m)

EBIT (Q1, 2022)

(3.4m)

Market capitalization (4-Aug-2022)

48.9m

Closing stock price (4-Aug-2022)

2.8

Cash (31-Mar-2022)

6.4m
BK Technologies's current market capitalization is $48.9 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

24.1m27.6m27.0m31.0m29.7m50.7m39.4m49.4m40.1m44.1m45.4m

Revenue growth, %

15%(4%)71%

Cost of goods sold

14.0m164.0k140.0k9.0k54.0k180.0k149.0k38.0k194.0k126.0k29.1m

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, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

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

Cost of goods sold

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

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, 2020FY, 2021

Cash

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

Accounts Receivable

4.2m2.1m2.8m3.3m4.1m1.6m5.5m5.7m4.0m6.5m8.2m

Prepaid Expenses

526.0k915.0k1.9m1.9m3.1m772.0k2.4m1.7m1.9m1.6m

Inventories

12.1m13.3m11.6m12.1m16.3m14.0m14.4m11.5m13.5m9.4m17.0m
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, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

4.2k4.9m3.5m4.4m6.2m4.5m5.8m7.6m8.0m9.2m10.9m10.7m11.7m7.9m6.3m9.1m8.6m8.3m7.5m8.9m8.1m10.7m11.3m7.5m7.4m8.8m4.9m6.9m6.4m15.7m14.1m6.4m

Accounts Receivable

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

Prepaid Expenses

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

Inventories

13.0k12.2m12.5m11.3m12.3m13.5m12.9m11.4m10.9m10.3m11.7m11.6m12.3m13.8m17.0m15.9m13.3m14.8m14.8m15.2m15.3m12.8m10.7m12.2m13.3m14.5m10.9m9.5m10.5m12.0m16.0m21.1m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(493.0k)2.1m1.1m1.6m1.0m2.7m(3.6m)(195.0k)(2.6m)248.0k(1.7m)

Depreciation and Amortization

1.4m420.0k1.5m1.2m914.0k942.0k942.0k921.0k1.2m1.3m1.4m

Inventories

354.0k1.3m(1.6m)546.0k4.2m(2.1m)508.0k(2.9m)2.2m3.9m7.1m

Accounts Payable

(997.0k)(624.0k)(182.0k)453.0k882.0k(312.0k)4.0m(376.0k)(285.0k)(191.0k)764.0k
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, 2021Q2, 2021Q3, 2021Q1, 2022

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)1.0m

Depreciation and Amortization

704.01.1m317.0k641.0k975.0k369.0k740.0k1.1m297.0k615.0k930.0k218.0k443.0k697.0k214.0k456.0k718.0k229.0k471.0k727.0k211.0k439.0k702.0k256.0k575.0k896.0k320.0k661.0k298.0k681.0k342.0k

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)3.0m4.2m

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)299.0k1.2m1.4m
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USDQ2, 2011

Financial Leverage

1.2 x
Show all financial metrics

BK Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

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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

July 28, 2022

BK Technologies to Host Second Quarter 2022 Conference Call on Thursday, August 11, 2022

WEST MELBOURNE, FL, July 28, 2022 – BK Technologies Corporation (NYSE American: BKTI) will host an investor conference call with slide presentation to discuss its operating results for the second quarter and six months ended June 30, 2022 on Thursday, August 11, 2022 at 9:00 a.m. ET. The Company pla…
July 26, 2022

BK Technologies Awarded Six New Purchase Orders Totaling $8.9 Million from USDA Forest Service

Opens second BKR 5000 production line at its West Melbourne, Florida manufacturing facility WEST MELBOURNE, FL / July 26, 2022 / BK Technologies Corporation (NYSE American: BKTI) today announced that it has received six purchase orders for a total value of approximately $8.9 million from the United …
July 06, 2022

BK Technologies Names Kyle Cerminara Chairman

WEST MELBOURNE, FL / ACCESSWIRE / July 6, 2022 / BK Technologies Corporation (NYSE American: BKTI) (“BK Technologies” or the “Company”) today announced that board member Kyle Cerminara has been named Chairman of the Board of Directors.  Mr. Cerminara replaces Major General (Ret.) E. Gray Payne, who …
July 06, 2022

BK Technologies Declares Quarterly Dividend of $0.03 Per Share

WEST MELBOURNE, FL, July 6, 2022 / BK Technologies Corporation (NYSE American: BKTI) (“BK Technologies” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of $0.03 per share of the Company’s common stock, payable on August 8, 2022, to stockholders of reco…
July 06, 2022

BK Technologies Appoints Scott Malmanger as Interim Chief Financial Officer

WEST MELBOURNE, FL – July 6, 2022 / BK Technologies Corporation (NYSE American: BKTI) (the “Company” or “BK Technologies”) today announced that its Board of Directors has appointed Scott Malmanger as a consultant to serve as the Company’s interim Chief Financial Officer effective July 1st, 2022, suc…
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…
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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 $45.4 m.

  • What is BK Technologies revenue per employee?

    Latest BK Technologies revenue per employee is $416.2 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.