Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 17

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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,430 
 Accrued other expenses and other current liabilities   (1,259)  765 
 Net cash provided by operating activities   16,435   8,961 
         
 Investing activities         
 Purchases of property, plant, and equipment   (878)  (871)
 Capitalized product development cost   (1,516)  (751)
 Net cash used in investing activities   (2,394)  (1,622)
         
 Financing activities         
 Proceeds from common stock issuance   355   — 
 Proceeds from the credit facility and notes payable   —   46,359 
 Repayment of the credit facility and notes payable   —   (52,981)
 Net cash provided by (used in) financing activities   355   (6,622)
         
 Net change in cash and cash equivalents   14,396   717 
 Cash and cash equivalents, beginning of period   7,075   3,456 
 Cash and cash equivalents, end of period  $21,471  $4,173 
         
 Supplemental disclosure         
 Cash paid for interest  $—  $357 
 Non-cash financing activity         
 Common stock issued under restricted stock units  $732  $376 
 Cashless exercise of stock options, warrants and related conversion of net shares to stockholders' equity  $146  $— 

See Accompanying Notes to Condensed Consolidated Financial Statements.

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BK TECHNOLOGIES CORPORATION

Notes to Condensed Consolidated Financial Statements

Three and Nine Months Ended September 30, 2025 and 2024

Unaudited

(In thousands, except share and per share data and percentages or as otherwise noted)

   Note 1. Condensed Consolidated Financial Statements
    
   Basis of Presentation
    
   The condensed consolidated balance sheet as of  September 30, 2025, the condensed consolidated statements of operations for the three and nine months ended  September 30, 2025, and 2024, the condensed consolidated statement of changes in equity for the three and nine months ended  September 30, 2025, and 2024, and the condensed consolidated statements of cash flows for the nine months ended  September 30, 2025, and 2024, have been prepared by BK Technologies Corporation (the