BK Technologies Corporation Common Stock (BKTI)

FairStock Score: 68/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach BK Technologies as a small, specialized radio maker serving public safety, government, and military users. The turnaround is real: in fiscal 2023, the year ended 2023-12-31, BK lost $2.2 million on $74.1 million of revenue. By fiscal 2025, the year ended 2025-12-31, revenue reached $86.1 million and net income $13.5 million, or $3.44 per diluted share. In the fiscal quarter ended 2026-06-30, revenue was $23.4 million and net income $3.2 million, or $0.79 per diluted share. That is sequential progress from the quarter ended 2026-03-31, but net income was below the $3.7 million reported in the quarter ended 2025-06-30. FairStock calls it a TURNAROUND because it returned to profit after a loss within the last three years. The balance sheet is a strength: FairStock's debt-to-equity reading is 0.02, Altman Z 8.61, Piotroski 7/9, ROE 30.64%, and ROCE 15.09%. Free cash flow is $18.5 million trailing twelve months, a 7.0% FCF yield. But at $70.17 on 2026-10-13, P/E is 20.64, P/B 5.09, EV/EBITDA 12.70, and PEG 0.70. The Graham Number is $32.48, so price is far above a conservative asset-based value. Public safety radios can be sticky, but the company is tiny with 115 employees and must compete. I want durable revenue, stable margins, and cash returns before paying this multiple.

In plain English: BK Technologies makes two-way radios used by public safety, government, and military customers. The business looks stronger than it did a few years ago: sales and profits have grown, debt is very low, and it is producing cash. At the recent price, the stock looks expensive compared with a conservative asset-based value, though profits and cash flow give it some support.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer