Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 29

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 the fourth quarter of 2025.
    
   Significant Customers
    
   The following table summarizes customer concentration of net revenues

       Three Months Ended    Nine Months Ended  
   September 30, 2025    September 30, 2024    September 30, 2025    September 30, 2024  
 Revenue as a percent of total revenue                 
 United States government agencies   50.7%  39.1%  26.3%  40.7%
 Customer A   26.2%  14.1%  -   - 
 Customer B   -   -   13.3%  10.3%

   The following table summarizes customer concentration of receivables

       September 30, 2025    September 30, 2024  
 Receivables as a percent of total receivables         
 United States government agencies   29.8%  21.3%
 Customer A   21.2%  - 
 Customer B and C   -   30.7%

   Geopolitical Tensions
    
    U.S. and global markets are experiencing volatility and disruption following the escalation of geopolitical tensions and the military conflict between Russia and Ukraine and in the Middle East. Although the length and impact of the ongoing military conflicts is highly unpredictable, the conflict in both of these regions could lead to market disruptions, including significant volatility in commodity prices, credit and capital markets, as well as supply chain interruptions.
    
   Macroeconomic Trends
    
   The Company continues to monitor the impacts of various macroeconomic trends, such as inflationary pressure, changes in monetary policy, decreasing consumer confidence and spending, the introduction of or changes in tariffs or trade barriers, the impact of the ongoing U.S. federal government shutdown and global or local recession. Such changes in domestic and global macroeconomic conditions  may lead to increased costs for the business. Additionally, these macroeconomic trends could adversely affect the Company’s customers, which could impact their willingness to spend on the Company’s products and services, or their ability to make payments, which could harm the collection of accounts receivable and financial results. The world’s financial markets remain susceptible to significant stresses, resulting in reductions in available credit and government spending, economic downturn or stagnation, foreign currency fluctuations and volatility in the valuations of securities generally. As a