Tearsheet

BK Technologies (BKTI)

Market Price (12/28/2025): $74.79 | Market Cap: $277.4 Mil
Sector: Information Technology | Industry: Communications Equipment

BK Technologies (BKTI)

Market Price (12/28/2025): $74.79
Market Cap: $277.4 Mil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%	Stock price has recently run up significantly 12M Rtn12 month market price return is 108%
1	Attractive yield FCF Yield is 5.9%	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52%
2	Megatrend and thematic drivers Megatrends include Public Safety Technology. Themes include Mission-Critical Communications, and Emergency Response Systems.	Key risks BKTI key risks include [1] its heavy reliance on government contracts and spending, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%
1	Attractive yield FCF Yield is 5.9%
2	Megatrend and thematic drivers Megatrends include Public Safety Technology. Themes include Mission-Critical Communications, and Emergency Response Systems.
3	Stock price has recently run up significantly 12M Rtn12 month market price return is 108%
4	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 52%
5	Key risks BKTI key risks include [1] its heavy reliance on government contracts and spending, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$74.79	$34.29	$12.23	$16.60	$11.48
Market Cap CYE ($ Mil)	277.4	123.6	42.7	56.4	38.7
Total Debt ($ Mil)	0.9	1.3	8.3	8.7	5.1
Total Cash ($ Mil)	21.5	7.1	3.5	1.9	10.6
Enterprise Value ($ Mil)	256.8	124.9	51.0	65.1	43.8
Valuation Ratios
P/S TTM	3.4	1.6	0.6	1.1	0.8
P/EBIT TTM	19.9	15.9	-26.2	-4.9	-30.1
P/E TTM	21.4	14.6	-18.8	-4.8	-21.2
P/FCF TTM	17.2	11.9	-90.7	-5.2	-4.1
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7	-0.0
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8	-0.0
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9	13.8

	12/28/25	2024	2023
Share Price CYE	$74.79	$34.29	$12.23
Market Cap CYE ($ Mil)	277.4	123.6	42.7
Total Debt ($ Mil)	0.9	1.3	8.3
Total Cash ($ Mil)	21.5	7.1	3.5
Enterprise Value ($ Mil)	256.8	124.9	51.0
Valuation Ratios
P/S TTM	3.4	1.6	0.6
P/EBIT TTM	19.9	15.9	-26.2
P/E TTM	21.4	14.6	-18.8
P/FCF TTM	17.2	11.9	-90.7
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	BKTI	S&P 500
REVENUE GROWTH	VERY GOOD
Rev LTM ($ Bil)	0.1
Rev Chg Q	21.0%	7.3%
Rev Chg LTM	10.1%	6.1%
Rev Chg 3Y Avg	28.6%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	16.9%	18.8%
CFO/Rev LTM	22.9%	20.4%
Net Inc Mgn	15.7%	13.1%
VALUATION	MODERATE
P/S	3.4	3.3
P/CFO	14.7	15.8
P/FCF	17.2	20.7
P/E	21.4	23.7
STABILITY	VERY GOOD
Debt/Equity	0.00	0.21
Cash/Assets	0.32	0.07

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Metric	Value	Date	Source
Backlog	16000000	6302025	Link
Number of Customers	1000	12312024	Link
Number of Employees	113	12312024	Link
New Orders	18300000	6302025	Link

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BKTI Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Strong Q2 2025 Financial Results: BK Technologies reported robust second-quarter 2025 results, with revenue increasing by 4.5% year-over-year and 11% sequentially to $21.2 million. The company also saw a significant improvement in normalized diluted earnings per share (EPS), which rose by an impressive 136% year-over-year to $1.30. Gross margin expanded considerably from 37.3% in Q2 2024 to 47.4% in Q2 2025.

2. Upward Revision of 2025 Guidance: Following strong performance, BK Technologies increased its guidance for the full year 2025. GAAP EPS guidance was raised to $3.15 from the previous estimate of $2.40, and non-GAAP adjusted EPS guidance was increased to $3.80 from $2.80.

Stock Movement Drivers

Fundamental Drivers

The -7.5% change in BKTI stock from 9/27/2025 to 12/27/2025 was primarily driven by a -13.7% change in the company's P/E Multiple.

	9272025	12272025	Change
Stock Price ($)	80.38	74.38	-7.46%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	78.33	82.56	5.40%
Net Income Margin (%)	15.18%	15.71%	3.49%
P/E Multiple	24.66	21.28	-13.72%
Shares Outstanding (Mil)	3.65	3.71	-1.71%
Cumulative Contribution			-7.49%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
BKTI	-7.5%
Market (SPY)	4.3%	25.5%
Sector (XLK)	5.1%	23.4%

Fundamental Drivers

The 38.9% change in BKTI stock from 6/28/2025 to 12/27/2025 was primarily driven by a 23.9% change in the company's Net Income Margin (%).

	6282025	12272025	Change
Stock Price ($)	53.54	74.38	38.92%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	77.42	82.56	6.64%
Net Income Margin (%)	12.67%	15.71%	23.94%
P/E Multiple	19.50	21.28	9.11%
Shares Outstanding (Mil)	3.57	3.71	-3.81%
Cumulative Contribution			38.72%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
BKTI	38.9%
Market (SPY)	12.6%	18.9%
Sector (XLK)	17.0%	13.9%

Fundamental Drivers

The 107.9% change in BKTI stock from 12/27/2024 to 12/27/2025 was primarily driven by a 135.9% change in the company's Net Income Margin (%).

	12272024	12272025	Change
Stock Price ($)	35.78	74.38	107.88%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	74.97	82.56	10.12%
Net Income Margin (%)	6.66%	15.71%	135.87%
P/E Multiple	25.37	21.28	-16.15%
Shares Outstanding (Mil)	3.54	3.71	-4.77%
Cumulative Contribution			107.41%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
BKTI	107.9%
Market (SPY)	17.0%	28.9%
Sector (XLK)	24.0%	27.7%

Fundamental Drivers

The 389.3% change in BKTI stock from 12/28/2022 to 12/27/2025 was primarily driven by a 181.8% change in the company's P/S Multiple.

	12282022	12272025	Change
Stock Price ($)	15.20	74.38	389.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	43.45	82.56	90.00%
P/S Multiple	1.19	3.34	181.75%
Shares Outstanding (Mil)	3.39	3.71	-9.40%
Cumulative Contribution			385.02%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
BKTI	490.3%
Market (SPY)	48.0%	28.1%
Sector (XLK)	53.5%	26.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BKTI Return	2%	-19%	45%	-26%	180%	117%	434%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
BKTI Win Rate	42%	58%	67%	42%	50%	50%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
BKTI Max Drawdown	-62%	-44%	-12%	-46%	-9%	-21%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	BKTI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-69.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	222.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1,033 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	165.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	70 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-53.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	113.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,768 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-92.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	1239.6%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	2,238 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

BK Technologies's stock fell -69.0% during the 2022 Inflation Shock from a high on 3/10/2021. A -69.0% loss requires a 222.6% gain to breakeven.

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About BK Technologies (BKTI)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc., engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR), repeaters, base stations, and related components and subsystems. Its BK Technologies, BKR, and BK Radio branded products include LMR equipment for professional radio users primarily in government, public safety, and military applications, as well as P-25 digital products; and RELM branded products provide two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. The company was incorporated in 1997 and is headquartered in West Melbourne, Florida.

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Here are 1-2 brief analogies to describe BK Technologies (BKTI):

A smaller Motorola Solutions, focused on two-way radios for public safety (police, fire, and EMS).
Like a specialized version of Motorola Solutions, providing mission-critical communication equipment for first responders.

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P25 Land Mobile Radios (LMR): Digital two-way radios designed for mission-critical public safety and government communication.
Analog Land Mobile Radios (LMR): Traditional analog two-way radios primarily used for various commercial, industrial, and specialized public safety applications.
Radio Accessories: A range of essential components including batteries, chargers, microphones, carrying cases, and antennas that enhance the functionality and usability of their radio products.

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BK Technologies (BKTI) primarily sells its land mobile radio (LMR) equipment and communication solutions to other organizations, operating on a Business-to-Business (B2B) and Business-to-Government (B2G) model.

According to their latest Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission, BK Technologies did not have any single customer that accounted for 10% or more of its net sales during the fiscal years ended December 31, 2023, 2022, and 2021. Therefore, there are no specific "major customer" companies to list by name that meet this disclosure threshold.

Instead, BK Technologies serves a diverse base of customers within the following primary categories of organizations:

Public Safety Agencies: This constitutes their core market, including federal, state, and local law enforcement (police), fire departments, emergency medical services (EMS), and other first responders who rely on critical communications for their operations.
Government Agencies: Beyond direct public safety, this category includes various federal, state, and local government entities such as public works, transportation departments, military branches, forest services, and other administrative bodies requiring robust and reliable communication systems.

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John M. Suzuki, President & Chief Executive Officer, Board Director

John Suzuki became the President, Chief Executive Officer, and Board Director of BK Technologies in July 2021. He brings over 35 years of executive-level experience in the mobile communications industry, encompassing sales and marketing, operations, product development, and supply chain. Since joining, he has implemented transformative business strategies, including an asset-light, outsourced manufacturing model, and launched new products, leading to sustained growth and increased profitability. Before BK Technologies, John served as President and CEO of EF Johnson Technologies, a division of JVC KENWOOD, where he notably doubled revenue during his four-year tenure. He also held leadership roles at Ericsson, 3eTI, and Avtec Inc..

Scott A. Malmanger, Chief Financial Officer

Scott Malmanger is the Chief Financial Officer of BK Technologies, a role he assumed effective November 7, 2022, after serving as interim CFO since July 2022. He has nearly 40 years of experience in guiding companies through periods of accelerated growth, with expertise in strategic planning, mergers and acquisitions, SaaS models, public company reporting, and financial analysis. Prior to BK Technologies, Scott served as CFO of OneroRX, a telepharmacy services provider, and iCoreConnect, where he oversaw the successful recapitalization of the business. He also served as CFO and Vice President of Finance at American K-9 Detection Services, leading government contract acquisition and deployment, and establishing financial reporting policies.

Branko Avanic, PhD, Chief Technology Officer

Branko Avanic serves as the Chief Technology Officer at BK Technologies.

James Teel, General Manager, Solutions Business

James Teel is the General Manager of the Solutions Business at BK Technologies, with over 40 years of experience in the wireless communications industry. His expertise includes product development, business strategy, and public safety communications. At BK Technologies, he leads the Solutions business unit, focusing on SaaS and traditional software products for broadband/LMR convergence solutions. Previously, James held leadership roles at L3Harris Corporation, UT Starcom, Commworks, 3Com, and began his career at GE/Ericsson.

Stephen Theisen, Senior Vice President and General Manager, Land Mobile Radio Business (LMR)

Stephen Theisen is the Senior Vice President and General Manager of the Land Mobile Radio Business (LMR) at BK Technologies. He is a 25-year veteran of the LMR industry, known for his commitment to delivering mission-critical communication solutions for first responders. He has held multiple leadership roles in sales and marketing at BK Technologies, and under his recent leadership as Senior Vice President, the team achieved a record year in 2024.

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Key Risks to BK Technologies (BKTI)

Heavy Reliance on Government Contracts and Spending: BK Technologies generates a substantial portion of its revenue from sales to the U.S. government and public safety agencies, with sales to the U.S. Government representing approximately 38% of total sales in 2024 and 36% in 2022. This dependence makes the company highly vulnerable to government budgeting cycles, bidding processes, and potential shifts in spending priorities or budget cuts. Changes in government trade and tariff policies could also impact their business.
Intense Competition from Larger Market Players: The critical communications industry, particularly the Land Mobile Radio (LMR) market, is competitive. A significant risk for BK Technologies is the presence of larger competitors, such as Motorola Solutions (MSI), which is estimated to hold over half of the LMR market. Larger companies like Motorola possess greater financial and development resources, which could lead to market share shifts away from BK Technologies through more innovative products or competitive bidding for contracts.
Uncertainty in Sustaining Margin Expansion and Software Adoption: While BK Technologies has demonstrated strong margin expansion, with gross margins reaching 47.4% in Q2 2025, there is a perception that this expansion may be nearing a ceiling. Future profitability and growth could increasingly depend on the successful adoption and ramp-up of new software offerings, such as their cloud-based InteropONE solution, and continued rapid adoption of their BKR radio series. If software adoption does not accelerate as anticipated, or if radio adoption slows, the trajectory of margin expansion could be limited.

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The accelerating adoption of broadband (LTE/5G) networks and mission-critical push-to-talk (MC-PTT) solutions for public safety communications poses a clear emerging threat to BK Technologies.

Historically, dedicated land mobile radio (LMR) systems, such as the P25 radios manufactured by BK Technologies, have been the essential standard for public safety voice communications due to their unmatched reliability, direct mode capabilities, and security. However, national initiatives like FirstNet in the U.S. are driving a significant industry shift towards leveraging commercial broadband networks (LTE, transitioning to 5G) for an expanding range of public safety communication needs, including high-speed data, video, and, critically, mission-critical voice over IP (MC-PTT).

As MC-PTT over broadband becomes more robust, secure, and widely adopted across public safety agencies, there is a growing potential for these agencies to gradually reduce their long-term reliance on, or slow down upgrades of, traditional LMR systems for their primary voice communications. This fundamental shift in communication infrastructure preferences and investment priorities could diminish the long-term demand for BK Technologies' core P25 radio products. While LMR systems are expected to retain importance for specific niche functions (e.g., direct mode, local control, extreme resilience), the broader industry trend towards integrated broadband solutions presents a clear, emerging threat to the growth and market share of companies primarily focused on traditional LMR hardware.

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BK Technologies (symbol: BKTI) operates primarily in the public safety communications sector, providing Land Mobile Radios (LMRs) and Software-as-a-Service (SaaS) solutions. The addressable markets for their main products and services are as follows:

Land Mobile Radio (LMR) Market

Global Land Mobile Radio Market: The global land mobile radio market was valued at USD 17.60 billion in 2024. Another estimate places the global market at USD 17.02 billion in 2024, projected to grow to USD 38.05 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.7%. Yet another report indicates a value of USD 30.4 billion in 2024, with a projected CAGR of 13.2% between 2025 and 2034.
North America Land Mobile Radio Market: This market was valued at US$ 2.91 billion in 2023 and is projected to reach US$ 5.64 billion by 2031, growing at a CAGR of 8.6% during 2023-2031. The U.S. segment of the North America land mobile radio market is expected to reach a valuation of USD 4.34 billion in 2025.

P25 Public Safety Land Mobile Radio Systems Market

United States P25 Public Safety Land Mobile Radio Systems Market: This market was valued at USD 415.25 million in 2023 and is anticipated to exceed USD 935 million by 2033, growing at a CAGR of 8.46% from 2023 to 2033.

Public Safety Communications and LTE/Broadband Solutions Market (related to BK Technologies' SaaS offerings)

Global Public Safety Communications Market: The market size is estimated to reach $72 billion by 2031, growing at a CAGR of 12.9% during the forecast period 2025-2031.
North America Public Safety Wireless Communication Market: This market was estimated to be valued at US$ 13,597.7 million in 2021 and is expected to exhibit a CAGR of 7.8% over the forecast period (2021-2028), reaching US$ 23,023.4 million in 2028.
U.S. Next-Generation 911 (NG911) Market: The market surrounding NG911 in the U.S. alone is expected to grow to nearly $1.2 billion in 2026.

BK Technologies specifically identifies their "Total Addressable Market" as $2.9 billion, as they expand into the LTE public safety space beyond their core LMR business.

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Here are 3-5 expected drivers of future revenue growth for BK Technologies (BKTI) over the next 2-3 years:

Increased Adoption and Sales of the BKR 9000 Multiband Radio: The BKR 9000 multiband radio is a significant revenue driver due to strong market traction and a premium price point. BK Technologies anticipates delivering two to three times the number of BKR 9000 multiband radios in 2025 compared to 2024. This product has been instrumental in driving both sequential and year-over-year revenue growth and has contributed to improved gross margins for the company.
Robust Federal Client Orders: A substantial portion of BK Technologies' recent revenue growth has been fueled by strong order activity from federal clients, including multiple purchase orders from the USDA Forest Service. The company's continued ability to secure significant contracts with federal agencies is expected to be a key driver of future revenue.
Expansion into the LTE Public Safety Market: BK Technologies is actively expanding its total addressable market by moving into the LTE public safety space, beyond its traditional Land Mobile Radio (LMR) core. This strategic expansion into new markets presents a significant opportunity for future revenue growth by reaching a broader customer base with advanced communication solutions.
Enhanced Public Safety Adoption (State and Local): Beyond federal contracts, growing demand for its BKR radio series and expanding public safety adoption more broadly are key drivers. This includes sales to state and local government customers, which the company is prepared to prioritize if there are shifts in federal order timing.
Strategic Product Innovation and Partnerships: The company emphasizes its strategic focus on product innovation, which has contributed to the success of its offerings like the BKR 9000. BK Technologies also aims to strengthen its competitive position through strategic partnerships and technology investments, which are expected to drive long-term growth and enhance its product portfolio.

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Share Issuance

In August 2025, BK Technologies issued 39,250 shares of common stock at a price of $38.27 per share, amounting to approximately $1.5 million.
This issuance was tied to restricted stock unit grants from 2023, contingent on performance criteria related to the BKR 9000 multiband portable radio.

Capital Expenditures

Capital expenditures, categorized as "Total payments" under "Investments," were approximately $277,000 in 2023, $263,000 in 2024, and $66,000 in 2025.
Primary focus of capital allocation includes significant ongoing investments in product development and engineering, particularly for new radio lines such as the BKR 9000 and the upcoming BKR 9500 multiband mobile radio.
The company is also investing in the development of the InteropONE push-to-talk-over-cellular service.

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Cisco Systems

IBM (5.0%)

International Business Machines

QCOM (5.0%)

Qualcomm

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for BKTI: 28.6% | 3.3x)

APO (89.3% | 3.2x)

Apollo Asset Management

CCL (45.9% | 1.5x)

Carnival

ACGL (28.9% | 1.9x)

Arch Capital

SLF (88.9% | 1.0x)

Sun Life Financial

IBKR (48.1% | 3.0x)

Interactive Brokers

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for BKTI: 28.6% | 19.8x)

APO (89.3% | 10.8x)

Apollo Asset Management

RCL (37.7% | 16.9x)

Royal Caribbean

AU (30.1% | 13.5x)

Anglogold Ashanti

LVS (51.6% | 16.0x)

Las Vegas Sands

CCL (45.9% | 9.4x)

Carnival

Higher Rev Chg LTM (Value for BKTI: 10.1%)

LLY (36.8%)

Eli Lilly

META (21.3%)

Meta Platforms

MA (14.6%)

Mastercard

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

Higher Rev Chg 3Y Avg (Value for BKTI: 28.6%)

APO (89.3%)

Apollo Asset Management

NU (62.1%)

HOOD (47.5%)

Robinhood Markets

KKR (44.5%)

KKR

MELI (39.5%)

MercadoLibre

Higher Op Mgn LTM (Value for BKTI: 16.9%)

MA (58.3%)

Mastercard

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

GOOGL (32.2%)

Alphabet

JNJ (26.2%)

Johnson & Johnson

Higher CFO/Rev LTM (Value for BKTI: 22.9%)

V (57.6%)

Visa

META (56.8%)

Meta Platforms

MA (56.1%)

Mastercard

GOOGL (39.3%)

Alphabet

JNJ (26.3%)

Johnson & Johnson

Higher FCF/Rev LTM (Value for BKTI: 19.6%)

BAC (57.3%)

Bank of America

V (53.9%)

Visa

MA (52.5%)

Mastercard

META (23.7%)

Meta Platforms

JNJ (20.3%)

Johnson & Johnson

Higher Total Yield (Value for BKTI: 4.7%)

XOM (9.2%)

Exxon Mobil

JNJ (7.5%)

Johnson & Johnson

JPM (6.4%)

JPMorgan Chase

BRK-B (6.3%)

Berkshire Hathaway

V (5.1%)

Visa

		Best Bets In Information Technology Sector
	BKTI	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	21.3	28.3	17.2	46.7	44.3	30.0	16.5	14.5	19.0	23.9	21.0
P/EBIT	19.8	20.5	13.9	39.8	37.7	10.7	23.9	11.8	20.7	65.5	24.0
What You Get
Rev Chg Q	21.0%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	10.1%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	28.6%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	8.3%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	BK Technologies Earnings Notes
2	Can BK Technologies Stock Hold Up When Markets Turn?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to BKTI. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	14.4%	14.4%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	13.1%	13.1%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.3%	17.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	12.0%	12.0%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	5.5%	5.5%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for BK Technologies

Peers to compare with:

Financials

	BKTI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	BK Techn.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	74.38	23.26	24.49	305.09	78.16	273.40	76.27
Mkt Cap	0.3	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	83	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	14	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	16	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	7	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	19	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	9	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	BKTI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	BK Techn.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	10.1%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	28.6%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	21.0%	4.2%	14.4%	9.1%	7.5%	9.6%	9.4%
QoQ Delta Rev Chg LTM	5.4%	1.1%	3.7%	2.1%	1.8%	2.1%	2.1%
Op Mgn LTM	16.9%	6.6%	4.8%	17.7%	22.5%	31.9%	17.3%
Op Mgn 3Y Avg	7.1%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	1.9%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.2%
CFO/Rev LTM	22.9%	6.7%	8.5%	20.6%	23.8%	26.6%	21.8%
CFO/Rev 3Y Avg	11.4%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	19.6%	5.1%	1.8%	18.1%	22.1%	23.5%	18.8%
FCF/Rev 3Y Avg	8.3%	5.5%	4.6%	18.6%	24.6%	25.6%	13.5%

Valuation

	BKTI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	BK Techn.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	0.3	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	3.3	0.4	1.0	4.4	5.4	10.0	3.8
P/EBIT	19.8	6.8	19.9	25.1	22.5	31.3	21.2
P/E	21.3	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	14.6	5.9	11.2	21.1	22.5	37.5	17.9
Total Yield	4.7%	14.1%	2.3%	5.0%	5.4%	2.8%	4.8%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	3.1%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.1	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	BKTI	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	BK Techn.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	16.3%	-1.8%	14.4%	0.6%	2.7%	-1.5%	1.7%
3M Rtn	-7.5%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	38.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	24.9%
12M Rtn	107.9%	-27.0%	16.2%	40.5%	34.5%	7.5%	25.3%
3Y Rtn	389.3%	-1.9%	71.1%	143.1%	81.3%	120.2%	100.7%
1M Excs Rtn	8.2%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-1.1%
3M Excs Rtn	-11.8%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	26.7%	-16.3%	22.3%	-5.7%	3.0%	24.0%	12.6%
12M Excs Rtn	81.0%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	9.6%
3Y Excs Rtn	454.4%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	13.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/6/2025	3/27/2025	3/14/2024	3/16/2023	3/17/2022	3/3/2021	3/4/2020
Key Financials
Total Revenue	83	77	74	51	45	44	40
EBITDA	16	9	0	-10	0	2	-3
Operating Income	14	8	-1	-11	-1	1	-4
Net Income	13	8	-2	-12	-2	0	-3
EPS	3.59	2.35	-0.65	-3.44	-0.55	0.10	-1.05
Growth Rates
Total Revenue Growth	10.1%	3.4%	45.4%	12.3%	2.8%	10.1%	-18.8%
EBITDA Growth	102.0%	27350.0%	100.3%	-5183.8%	-91.5%	173.8%	-194.6%
Operating Income Growth	132.0%	1107.5%	93.0%	-826.5%	-220.3%	122.7%	-280.8%
Net Income Growth	159.7%	474.8%	80.8%	-583.9%	-976.8%	107.4%	-1251.8%
Margins
EBITDA Margin	19.0%	12.2%	0.0%	-19.8%	0.4%	5.3%	-7.9%
Operating Income Margin	16.9%	10.2%	-1.0%	-21.7%	-2.6%	2.3%	-10.9%
Net Income Margin	15.7%	10.9%	-3.0%	-22.8%	-3.7%	0.4%	-6.6%
Cash & Debt
Total Cash	21	7	3	2	11	7	5
Total Debt	1	1	8	9	5	4	3
Net Debt / (Cash)	-21	-6	5	7	-6	-3	-1
Cash Flows
Net Cash from Operations	19	11	2	-9	-6	4	-2
Free Cash from Operations	16	10	-0	-11	-9	3	-5
Returns to Shareholders
Dividends	0	-0	-0	2	1	1	1
Share Repurchases	-0	-0	-0	-0	-0	0	1

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/6/2025	8/14/2025	5/13/2025	3/27/2025	11/14/2024	8/8/2024	5/9/2024	3/14/2024	11/9/2023	8/10/2023	5/4/2023	3/16/2023
Key Financials Quarterly
Total Revenue	24	21	19	18	20	20	18	16	20	19	19	20
Ebitda	5	4	3	3	3	2	1	1	1	-1	-1	-1
Operating Income	5	4	3	2	3	2	1	0	1	-1	-1	-2
Net Income	3	4	2	4	2	2	1	0	0	-1	-1	-1
EPS	0.93	1.03	0.60	1.03	0.67	0.47	0.19	0.09	0.03	-0.39	-0.37	-0.30
Key Financials TTM
Total Revenue TTM	83	78	77	77	75	75	74	74	78	70	63	51
Ebitda TTM	16	13	11	9	8	5	2	0	-1	-4	-7	-10
Operating Income TTM	14	12	10	8	6	4	1	-1	-3	-6	-9	-11
Net Income TTM	13	12	10	8	5	3	-0	-2	-3	-6	-9	-12
Growth Rates Quarterly
Total Revenue Growth	21.0%	4.5%	4.5%	9.9%	0.5%	6.6%	-2.6%	-19.8%	68.4%	56.8%	184.3%	58.4%
EBITDA Growth	74.7%	81.9%	140.5%	187.9%	358.5%	410.3%	285.8%	272.8%	133.0%	80.1%	79.1%	-253.5%
Operating Income Growth	85.6%	97.4%	196.6%	452.2%	339.6%	358.3%	199.6%	125.5%	124.8%	78.7%	71.3%	-792.9%
Net Income Growth	45.8%	124.8%	213.1%	1161.0%	2518.9%	224.2%	153.6%	130.2%	103.7%	69.1%	67.7%	-217.2%
Margins Quarterly
EBITDA Margin	21.7%	21.0%	17.5%	14.6%	15.0%	12.0%	7.6%	5.6%	3.3%	-4.1%	-4.0%	-2.6%
Operating Income Margin	19.8%	18.9%	15.3%	12.3%	12.9%	10.0%	5.4%	2.5%	3.0%	-4.1%	-5.3%	-7.7%
Net Income Margin	14.1%	17.7%	11.2%	20.4%	11.7%	8.2%	3.7%	1.8%	0.4%	-7.1%	-6.8%	-4.7%
Cash & Debt
Total Cash	21	12	9	7	4	3	3	3	4	3	3	2
Total Debt	1	1	1	1	1	5	9	8	8	9	10	9
Net Debt / (Cash)	-21	-11	-8	-6	-3	2	6	5	4	6	7	7
Cash Flows Quarterly
FCF from Operations	10	4	2	2	6	4	-1	-2	2	1	1	-2
Cash Flows TTM
FCF from Operations TTM	19	14	14	11	7	3	0	2	2	-2	-5	-9
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	1
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	65.4%	49.9%	27.5%	26.1%	25.8%	17.3%	8.5%	3.0%	5.6%	-7.3%	-9.1%	-14.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	62.6%	39.3%	30.3%	23.1%	14.8%	8.7%	2.7%	-1.7%	-6.5%	-13.3%	-19.8%	-25.5%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Land Mobile Radio (LMR) Products and Solutions	74	51
Single segment			45	44	40
Total	74	51	45	44	40

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Land Mobile Radio (LMR) Products and Solutions	-1
Total	-1

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Land Mobile Radio (LMR) Products and Solutions	-2
Total	-2

Price Behavior

Price Behavior

Market Price	$74.38
Market Cap ($ Bil)	0.3
First Trading Date	09/07/1984
Distance from 52W High	-12.0%
	50 Days	200 Days
DMA Price	$70.61	$55.89
DMA Trend	up	down
Distance from DMA	5.3%	33.1%
	3M	1YR
Volatility	58.8%	83.2%
Downside Capture	119.86	83.53
Upside Capture	58.26	143.53
Correlation (SPY)	26.6%	29.1%

BKTI Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.08	0.97	1.53	1.32	1.30	1.17
Up Beta	3.81	2.49	1.94	1.02	1.03	0.89
Down Beta	-2.26	1.11	0.94	1.40	1.70	1.24
Up Capture	-189%	-53%	118%	186%	215%	397%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	7	19	33	64	118	355
Down Capture	16%	139%	200%	100%	101%	103%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	22	29	60	129	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of BKTI With Other Asset Classes (Last 1Y)
	BKTI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	93.7%	25.0%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	82.7%	27.5%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	1.14	0.79	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		27.7%	28.8%	-3.5%	16.5%	19.2%	14.3%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of BKTI With Other Asset Classes (Last 5Y)
	BKTI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	40.2%	18.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	71.4%	24.7%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.77	0.69	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		21.6%	23.8%	1.7%	12.7%	14.4%	13.1%

Based On 10-Year Data

		Comparison of BKTI With Other Asset Classes (Last 10Y)
	BKTI	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	17.0%	22.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	65.3%	24.2%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.52	0.85	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		14.9%	16.8%	-0.2%	11.8%	10.6%	3.4%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	94,882
Short Interest: % Change Since 11302025	13.0%
Average Daily Volume	41,202
Days-to-Cover Short Interest	2.30
Basic Shares Quantity	3,708,717
Short % of Basic Shares	2.6%

Returns Analyses

	Title
0	Can BK Technologies Stock Hold Up When Markets Turn?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/6/2025	12.2%	3.0%	-7.6%
8/14/2025	42.7%	48.2%	64.7%
3/27/2025	9.3%	51.2%	49.0%
11/14/2024	11.9%	20.7%	26.9%
8/8/2024	9.7%	46.7%	69.1%
3/14/2024	6.5%	22.6%	20.1%
11/9/2023	-3.0%	-2.4%	-8.8%
8/10/2023	-14.8%	-32.3%	-8.0%
...
SUMMARY STATS
# Positive	13	10	9
# Negative	7	10	11
Median Positive	6.5%	21.7%	24.9%
Median Negative	-3.0%	-10.0%	-8.4%
Max Positive	42.7%	51.2%	69.1%
Max Negative	-14.8%	-32.3%	-33.3%

	Forward Returns
11/6/2025	12.2%	3.0%	-7.6%
8/14/2025	42.7%	48.2%	64.7%
3/27/2025	9.3%	51.2%	49.0%
11/14/2024	11.9%	20.7%	26.9%
8/8/2024	9.7%	46.7%	69.1%
3/14/2024	6.5%	22.6%	20.1%
11/9/2023	-3.0%	-2.4%	-8.8%
8/10/2023	-14.8%	-32.3%	-8.0%
3/16/2023	1.4%	-7.8%	-8.4%
11/3/2022	-1.2%	-10.1%	10.5%
8/11/2022	-8.0%	-9.9%	-11.8%
3/17/2022	4.6%	6.9%	-6.3%
11/12/2021	0.4%	-15.7%	-33.2%
8/12/2021	-1.2%	-3.7%	-6.5%
5/13/2021	-11.8%	-13.2%	-29.7%
3/3/2021	4.4%	24.9%	6.2%
11/12/2020	1.7%	1.7%	3.3%
8/5/2020	-3.0%	-4.2%	-8.0%
5/13/2020	0.9%	12.8%	24.9%
3/4/2020	9.5%	-28.3%	-33.3%
SUMMARY STATS
# Positive	13	10	9
# Negative	7	10	11
Median Positive	6.5%	21.7%	24.9%
Median Negative	-3.0%	-10.0%	-8.4%
Max Positive	42.7%	51.2%	69.1%
Max Negative	-14.8%	-32.3%	-33.3%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11062025	10-Q 9/30/2025
6302025	8142025	10-Q 6/30/2025
3312025	5132025	10-Q 3/31/2025
12312024	3272025	10-K 12/31/2024
9302024	11142024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	3142024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8102023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	3162023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8112022	10-Q 6/30/2022
3312022	5122022	10-Q 3/31/2022
12312021	3172022	10-K 12/31/2021

Insider Activity

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External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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BK Technologies (BKTI)

Market Price (12/28/2025): $74.79 | Market Cap: $277.4 MilSector: Information Technology | Industry: Communications Equipment

BK Technologies (BKTI)

Market Price (12/28/2025): $74.79Market Cap: $277.4 MilSector: Information TechnologyIndustry: Communications Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

BKTI Stock

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About BK Technologies (BKTI)

Land Mobile Radio (LMR) Market

P25 Public Safety Land Mobile Radio Systems Market

Public Safety Communications and LTE/Broadband Solutions Market (related to BK Technologies' SaaS offerings)

Interactive Breakdown

Better Bets than BK Technologies (BKTI)

INDUSTRY: Communications Equipment

Higher Rev Chg LTM (Value for BKTI: 10.1%)

Higher Rev Chg 3Y Avg (Value for BKTI: 28.6%)

Higher Op Mgn LTM (Value for BKTI: 16.9%)

Higher CFO/Rev LTM (Value for BKTI: 22.9%)

Higher FCF/Rev LTM (Value for BKTI: 19.6%)

Higher Total Yield (Value for BKTI: 4.7%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for BKTI: 28.6% | 3.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for BKTI: 28.6% | 19.8x)

Higher Rev Chg LTM (Value for BKTI: 10.1%)

Higher Rev Chg 3Y Avg (Value for BKTI: 28.6%)

Higher Op Mgn LTM (Value for BKTI: 16.9%)

Higher CFO/Rev LTM (Value for BKTI: 22.9%)

Higher FCF/Rev LTM (Value for BKTI: 19.6%)

Higher Total Yield (Value for BKTI: 4.7%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for BKTI: 28.6% | 3.3x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for BKTI: 28.6% | 19.8x)

Higher Rev Chg LTM (Value for BKTI: 10.1%)

Higher Rev Chg 3Y Avg (Value for BKTI: 28.6%)

Higher Op Mgn LTM (Value for BKTI: 16.9%)

Higher CFO/Rev LTM (Value for BKTI: 22.9%)

Higher FCF/Rev LTM (Value for BKTI: 19.6%)

Higher Total Yield (Value for BKTI: 4.7%)

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Market Price (12/28/2025): $74.79 | Market Cap: $277.4 Mil
Sector: Information Technology | Industry: Communications Equipment

Market Price (12/28/2025): $74.79
Market Cap: $277.4 Mil
Sector: Information Technology
Industry: Communications Equipment