Company: BKTI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033457
Chunk: 21

Company: BK Technologies Corp
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
2,443   1,905   5,704   5,513 
 Selling, general and administrative expenses   7,344   5,225   19,419   16,052 
 Operating income   4,845   2,611   11,758   5,619 
                 
 Other income (expense) (a)   43   (7)  (52)  (338)
 Segment net income  $4,888  $2,604  $11,706  $5,281 
                 
 Reconciliation of profit                 
 Adjustments and reconciling item                 
 Loss on investments   -   -   -   (91)
 Income tax expense   (1,452)  (247)  (2,397)  (488)
 Consolidated net income  $3,436  $2,357  $9,309  $4,702 

   (a) Other segment items include interest income (expense) and foreign currency exchange gains/losses

   Note 2. Significant Events and Transactions
    
   As we continue through 2025 the Solutions product group will continue to expand to include public safety solutions that provide for improved interoperability which will make the first responder safer and more efficient when operating in the field.  The new Solutions product group will also continue to build a portfolio of solutions under a new brand, BK ONE.  BK ONE includes SaaS solutions such as InteropONE as well as future software and hardware applications.
    
   On  October 30, 2024, a wholly owned subsidiary of the Company entered into a new credit facility with Fifth Third Bank, National Association, which provides for a one-year revolving line of credit with a maximum commitment of $6,000, with an accordion feature, if certain conditions are met, for up to a maximum commitment of $10,000. For additional information, see Note 10 of the condensed consolidated financial statements.

       9

   Note 3. Allowance for Credit Losses
    
   The allowance for credit losses on trade receivables was approximately $50 on gross trade receivables of $7,629 and $7,399 as of  September 30, 2025, and  December 31, 2024,