Company: BKTI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026668
Chunk: 38

Company: BK Technologies Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 $23.4 million was comprised of cash, cash equivalents and trade receivables. As of December 31, 2024, working capital totaled approximately $23.0 million, of which approximately $14.4 million was comprised of cash, cash equivalents and trade receivables.

Results of Operations

As an aid to understanding our operating results for the periods covered by this report, the following table shows selected items from our condensed consolidated statements of operations expressed as a percentage of sales:

      Percentage of Sales 

      Percentage of Sales 

      Three Months Ended 

      Six Months Ended 

      June 30, 

      June 30, 

      June 30, 

      June 30, 

      2025 

      2024 

      2025 

      2024 

      Sales 

     100.0
     %

     100.0
     %

     100.0
     %

     100.0
     %

      Cost of products 

     (52.6
     )

     (62.7
     )

     (52.8
     )

     (64.1
     )

      Gross margin 

     47.4

     37.3

     47.2

     35.9

      Selling, general and administrative expenses 

     (28.5
     )

     (27.3
     )

     (30.0
     )

     (28.1
     )

      Other income (expense) 

     0.1

     (0.7
     )

     (0.2
     )

     (1.1
     )

      Income before income taxes 

     19.0

     9.3

     17.0

     6.7

      Income tax (expense) 

     (1.3
     )

     (1.1
     )

     (2.3
     )

     (0.6
     )

      Net income 

     17.7
     %

     8.2
     %

     14.6
     %

     6.1
     %

(1) Amounts may not foot due to rounding

       20

Net Sales

For the second quarter ended June 30, 2025, net sales increased 4.5% to approximately $21.2 million, compared with approximately $20.3 million for the same quarter of fiscal