Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 42

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 operations expressed as a percentage of sales:

      Percentage of Sales 

      Percentage of Sales 

      Three Months Ended 

      Nine Months Ended 

      September 30, 

      September 30, 

      September 30, 

      September 30, 

      2025 

      2024 

      2025 

      2024 

      Sales 

     100.0
     %

     100.0
     %

     100.0
     %

     100.0
     %

      Cost of products 

     (50.1
     )

     (61.2
     )

     (51.8
     )

     (63.1
     )

      Gross margin 

     49.9

     38.8

     48.2

     36.9

      Selling, general and administrative expenses 

     (30.1
     )

     (25.9
     )

     (30.0
     )

     (27.4
     )

      Other income (expense) 

     0.2

     (0.0
     )

     (0.1
     )

     (0.7
     )

      Income before income taxes 

     20.0

     12.9

     18.1

     8.8

      Income tax (expense) 

     (5.9
     )

     (1.2
     )

     (3.7
     )

     (0.8
     )

      Net income 

     14.1
     %

     11.7
     %

     14.4
     %

     8.0
     %

(1) Amounts may not foot due to rounding

       20

Net Sales

For the third quarter ended September 30, 2025, net sales increased 21.0% to approximately $24.4 million, compared with approximately $20.2 million for the same quarter of fiscal year 2024.  Sales for the nine months ended September 30, 2025, totaled approximately $64.6 million, compared with approximately $58.7 million for the nine-month period last year.  

Sales for the third quarter and nine months ended September 30, 2025, were attributed primarily to Federal, state and local public safety opportunities. From a product perspective, the primary contributor to orders and