Company: BKTI
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001437749-25-016253
Chunk: 10

Company: BK Technologies Corp
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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3,584,346 and 3,571,879 outstanding shares as of March 31, 2025 and December 31, 2024, respectively   2,356   2,348 
 Additional paid-in capital   49,784   49,386 
 Accumulated deficit   (13,718)  (15,850)
 Treasury stock, at cost, 342,080 shares as of March 31, 2025, and December 31, 2024   (6,053)  (6,053)
 Total stockholders’ equity   32,369   29,831 
 Total liabilities and stockholders’ equity  $56,066  $51,499 

See Accompanying Notes to Condensed Consolidated Financial Statements.

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      Table of Contents

BK TECHNOLOGIES CORPORATION

Condensed Consolidated Statements of Operations

(In thousands, except share and per share data) (Unaudited)

       Three Months Ended 

       March 31, 

       March 31, 

       2025 

       2024 

       Sales, net 
       
      $
      19,054

      $
      18,231

       Expenses 

       Cost of products 

      10,104

      11,943

       Selling, general and administrative 

      6,034

      5,305

       Total operating expenses 

      16,138

      17,248

       Operating income 

      2,916

      983

       Other (expense) income: 

       Net interest income (expense) 

      3

      (174
      )

       Gain on disposal of property, plant and equipment 

      —

      2

       Loss on investments 

      —

      (91
      )

       Other expense 

      (117
      )

      (18
      )

       Total other (expense), net 

      (114
      )

      (281
      )

       Income before income taxes 

      2,802

      702

       Provision for income tax (expense) 

      (670
      )

      (21
      )

       Net income 
       
      $
      2,132

      $
      681

       Net income per share-basic: 
       
      $
      0.60

      $
      0.19

       Net income per share-diluted: