BK Technologies Q1 revenue rises on strong order activity
BK Technologies Corp. BKTI | 0.00 |
Overview
US public safety radio maker's fiscal Q1 revenue rose 12% yr/yr
Adjusted EPS for fiscal Q1 increased to $0.88
Gross margin expanded to 51.8% on favorable product mix and BKR 9000 adoption
Outlook
BK Technologies reiterates 2026 revenue target of $90 mln
Company maintains 2026 gross margin target above 50%
BK Technologies expects 2026 GAAP EPS over $3.15 and non-GAAP adjusted EPS of $3.55 per share
Result Drivers
ORDER ACTIVITY - Co said revenue growth was driven by strong order activity from federal, state and local agencies
PRODUCT MIX - Gross margin expansion attributed to favorable product mix and continued customer adoption of the BKR 9000
PRODUCT DEVELOPMENT - Increased engineering costs tied to development of new products and solutions, including BKR9500 debut
Company press release: ID:nACScjpdKa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
Slight Miss* |
$21.29 mln |
$21.30 mln (1 Analyst) |
Q1 Adjusted diluted EPS |
|
$0.88 |
|
Q1 EPS |
|
$0.69 |
|
Q1 Adjusted Net Income |
Beat |
$3.50 mln |
$3.12 mln (1 Analyst) |
Q1 Net Income |
|
$2.76 mln |
|
Q1 Adjusted EBITDA |
Miss |
$4 mln |
$4.56 mln (1 Analyst) |
Q1 Gross Margin |
|
51.80% |
|
Q1 EBIT |
|
$3.29 mln |
|
Q1 Pretax Profit |
|
$3.44 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for BK Technologies Corp is $97.00, about 11.1% above its May 13 closing price of $87.32
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 18 three months ago
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