Company: BKTI
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001437749-25-009464
Chunk: 752

Company: BK Technologies Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 752
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 13,974   20,418 
         
 Long-term operating lease liabilities   714   1,260 
 Deferred revenue   6,980   6,419 
 Total liabilities   21,668   28,097 
 Commitments and contingencies           
 Stockholders’ equity:         
 Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding   —   — 
 Common stock; $0.60 par value; 10,000,000 authorized shares; 3,913,959 and 3,867,082 issued and 3,571,879 and 3,577,002 outstanding shares as of December 31, 2024 and 2023, respectively   2,348   2,320 
 Additional paid-in capital   49,386   48,602 
 Accumulated deficit   (15,850)  (24,209)
 Treasury stock, at cost, 342,080 and 290,080 shares as of December 31, 2024, and 2023, respectively   (6,053)  (5,402)
 Total stockholders’ equity   29,831   21,311 
 Total liabilities and stockholders’ equity  $51,499  $49,408 

See notes to consolidated financial statements.

      F-4

BK TECHNOLOGIES CORPORATION 

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data) 

       Years Ended December 31, 

       2024 

       2023 

       Sales, net 
       
      $
      76,592

      $
      74,094

       Expenses 

       Cost of products 

      47,542

      51,858

       Selling, general and administrative 

      21,222

      23,013

       Total operating expenses 

      68,764

      74,871

       Operating income (loss) 

      7,828

      (777
      )

       Other (expense) income: 

       Net interest (expense) 

      (266
      )

      (575
      )

       Gain on disposal of property, plant, and equipment 

      2

      —

       (Loss) on investments 

      (91
      )

      (740
      )

       Other (expense) 

      (