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Stock impact report

BK Technologies Announces Fourth Quarter and Year End 2023 Results [Yahoo! Finance]

BK Technologies Corporation (BKTI) 
Company Research Source: Yahoo! Finance
WEST MELBOURNE, FL / ACCESSWIRE / March 14, 2024 / BK Technologies Corporation (NYSE American:BKTI) (the "Company," "BK Technologies") today announced financial and operating results for the fourth quarter and year ended December 31, 2023. The Company will host a conference call today, March 14, 2024, at 9:00 a.m. Eastern Time. John Suzuki, CEO of BK Technologies commented, "2023 was a strong year for BK Technologies, highlighted by both revenue growth and gross margin improvement. We shipped 34,500 radios in fiscal 2023, an increase of 37% compared to fiscal 2022, as existing and new customers conducted lifecycle upgrades to their portable communications technology. We recognized a 45% increase in full year revenue compared to the prior year, achieved our sixth consecutive quarter of gross margin improvement and our second consecutive quarter of profitability. "In the fourth quarter, we expanded our existing relationship with East West Manufacturing to make them the primary manu Show less Read more
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