BK Technologies Corporation

• Revenue: 4Q25 revenue increased by 20% to $21.5 million; full year 2025 revenue grew 12.5% to $86.1 million.

• Gross margins: 4Q25 gross margin expanded to 50.4% from 41.2% in 4Q24; full year 2025 gross margin increased to 48.8% from 37.9% in 2024.

• Earnings: 4Q25 Diluted EPS of $1.05, compared to $0.93 in 4Q24; full year 2025 Diluted EPS of $3.44, up from $2.25 in 2024.

• Adjusted Earnings: 4Q25 non-GAAP diluted adjusted EPS^[1] of $1.17, up from $0.61 in 4Q24; full year 2025 non-GAAP diluted adjusted EPS of $4.32, up from $1.84 in 2024.

• Balance sheet: Record Cash Balance for the second consecutive quarter; $22.8 million in cash and debt-free balance sheet at December 31,2025

• Capital Allocation: Repurchased approximately 19,000 shares during the 4Q; $3.8 million remaining under current authorization

• BKR9500: Based on the current development schedule, we believe that we will submit the BKR9500 multi band mobile for Federal Communications Commission (FCC) approval in the second half of 2026.

• Outlook: Introducing full year 2026 targets: $90 million in revenue, gross margin of +50%, GAAP EPS of over $3.15 per diluted share, and non-GAAP adjusted EPS¹ of $3.55 per diluted share. These targets reflect expensing of engineering costs that were previously capitalized.

LocateONE LITE to be Showcased at the 2026 International Wireless Communications Expo in Las Vegas

• 3Q25 gross margin of 49.9% compared with 38.8% in 3Q24

• 3Q25 GAAP diluted EPS of $0.87 compared with $0.63 in 3Q24

• 3Q25 non-GAAP diluted adjusted EPS¹ of $1.27 compared with $0.71 in 3Q24

• Record Cash Balance of $21.5 million; Financial debt-free balance sheet at September 30, 2025

• Reiterating full year targets: high single-digit revenue growth, gross margin of 47%+, GAAP EPS of $3.15 per diluted share, and non-GAAP adjusted EPS of $3.80 per diluted share

• 2Q25 Revenue growth to $21.2 million; Gross margin improves to 47.4% from 37.3% in 2Q24

• 2Q25 GAAP diluted EPS of $0.96 compared with $0.47 in 2Q24

• 2Q25 non-GAAP diluted adjusted EPS¹of $1.30 compared with $0.55 in 2Q24

• Raising full year 2025 GAAP EPS target to $3.15 per diluted share from $2.40 per diluted share

• Raising full year 2025 non-GAAP adjusted EPS¹ target to $3.80 per diluted share from $2.80 per diluted share

• Announced $12.9 million in purchase orders from the USDA Forest Service subsequent to the quarter

   

Purchase activity included largest single BKR 5000 order to date

Field deployment validates real-world performance of BK's mission-critical communications solutions

• Revenue growth to $19.1 million; Achieves gross margin of 47.0%

• 1Q25 GAAP diluted EPS of $0.55 compared with $0.19 in 1Q24

• 1Q25 non-GAAP diluted adjusted EPS¹ of $0.68 compared with $0.30 in 1Q24

• Reiterating target full year 2025 GAAP EPS to exceed $2.40 per diluted share and non-GAAP adjusted EPS to exceed $2.80 per diluted share

• RelayONE is an update of the Company's rapid deployment portable repeater offering to include multiband radio compatibility

• Part of the recently rebranded BK ONE family of innovative and interoperable communications applications

• Purchase order from Larimer County Sheriff's Office in Fort Collins, Colorado represents first sale of RelayONE

• 2024 highlighted by revenue growth, sequential margin expansion and strong profitability

• Full year GAAP diluted EPS of $2.25; Full year non-GAAP diluted adjusted EPS of $2.30 exceeds full year non-GAAP EPS target of $1.92

• Strong market acceptance and sales momentum for BKR 9000 multiband radio throughout 2024

- Newly formed Solutions unit is dedicated to developing innovative and interoperable communications applications to promote unified response for planned and emergency events

- Solutions unit includes the BK ONE family of offerings, comprised of InteropONE, LocateONE, RelayONE and future offerings

Achieves Third Quarter GAAP EPS of $0.63 
Raises Full Year Earnings Guidance Target

NIFC approval qualifies BKR 9000 multiband radio for purchase by the Department of the Interior for use in wildland fire operations