BK Technologies Corp

NYSE American:BKTIUnited States

( In thousands, except share data) (Unaudited)
September December 30, 31, 2024 2023 ---------- --------- ASSETS ---------------------------------------------------------------- Current assets: Cash and cash equivalents $ 4,173 $ 3,456 Trade accounts receivable, net 9,345 7,902 Inventories, net 18,674 23,952 Prepaid expenses and other current assets 2,724 1,892 Total current assets 34,916 37,202 Property, plant and equipment, net 4,988 5,366 Operating lease right-of-use (ROU) asset 1,246 1,560 Investments - 742 Capitalized product development cost 751 - Deferred tax assets, net 4,116 4,116 Other assets 387 422 --------- -------- Total assets $ 46,404 $ 49,408 ========= ======== LIABILITIES AND STOCKHOLDERS' EQUITY ---------------------------------------------------------------- Current liabilities: Accounts payable $ 5,891 $ 9,822 Accrued compensation and related taxes 2,084 1,302 Accrued warranty expense 906 722 Accrued other expenses and other current liabilities 1,128 363 Short term operating lease liabilities 561 525 Credit facility - 6,476 Notes payable-current portion - 71 Deferred revenue 1,605 1,137 --------- -------- Total current liabilities 12,175 20,418 Long-term operating lease liabilities 861 1,260 Deferred revenue 7,381 6,419 --------- -------- Total liabilities 20,417 28,097 Commitments and contingencies Stockholders' equity: Preferred stock; $1.00 par value; 1,000,000 authorized shares; none issued or outstanding - - Common stock; $0.60 par value; 10,000,000 authorized shares; 3,905,143 and 3,867,082 issued, and 3,563,063 and 3,577,002 outstanding shares at September 30, 2024 and December 31, 2023, respectively 2,343 2,320 Additional paid-in capital 49,204 48,602 Accumulated deficit (19,507) (24,209) Treasury Stock, at cost, 352,080 shares at September 30, 2024 and 290,080 at December 31, 2023 (6,053) (5,402) --------- -------- Total stockholders' equity 25,987 21,311 Total liabilities and stockholders' equity $ 46,404 $ 49,408 ========= ========

WEST MELBOURNE, FL / ACCESSWIRE / October 31, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the "Company" or "BK Technologies") will host an investor conference call with a slide presentation to discuss its operating results for the third quarter and nine months ended September 30, 2024, on Thursday, November 14, 2024, at 9:00 a.m. ET.