BK Technologies Corporation (BKTI) Financial Statements (2024 and earlier)

Company Profile

Business Address 7100 TECHNOLOGY DRIVE
WEST MELBOURNE, FL 32904
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,91810,5806,8264,67611,26816,331
Cash and cash equivalents1,91810,5806,8264,67611,2687,147
Short-term investments      9,184
Receivables10,6168,2296,4663,9645,7215,524
Inventory, net of allowances, customer advances and progress billings22,10516,9789,44113,51311,46614,358
Inventory22,10516,9789,44113,51311,46614,358
Other undisclosed inventory, net of allowances, customer advances and progress billings      
Other undisclosed current assets1,5781,6341,8781,7332,401772
Total current assets:36,21737,42124,61123,88630,85636,985
Noncurrent Assets
Operating lease, right-of-use asset1,991 2,8872,885
Property, plant and equipment4,8844,5563,5663,9642,7292,201
Deferred income tax assets4,116   
Other noncurrent assets143 112197192298
Other undisclosed noncurrent assets1,4818,4086,3147,0085,4143,317
Total noncurrent assets:12,61512,96412,87914,0548,3355,816
TOTAL ASSETS:48,83250,38537,49037,94039,19142,801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,5987,9207,3117,3128,1578,767
Interest and dividends payable 250252256273
Employee-related liabilities1,0991,6351,2712,0141,364
Accounts payable12,8985,8835,1195,3105,5955,971
Accrued liabilities7009383074792921,159
Deferred revenue 1,022 757369
Debt6,6161,73782447  
Provision for loss on contracts 170     
Deferred revenue and credits157
Other undisclosed current liabilities1,5642,5301,3161,2481,7261,389
Total current liabilities:22,97012,1879,4669,3769,88310,313
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,7852,2692,7022,606  
Other undisclosed long-term debt and lease obligation 1,785     
Liabilities, other than long-term debt 2,706    
Deferred revenue  2,706  
Operating lease, liability 2,2692,7022,606
Other undisclosed noncurrent liabilities3,942605962,6821,596481
Total noncurrent liabilities:5,7275,5805,5005,2881,596481
Total liabilities:28,69717,76714,96614,66411,47910,794
Equity
Equity, attributable to parent20,13532,61822,52423,27627,71232,007
Common stock11,06110,9798,3778,3578,3308,307
Treasury stock, value(5,402)(5,402)(5,402)(5,133)(4,092)(810)
Additional paid in capital36,45535,86226,34626,09525,86725,642
Accumulated other comprehensive income      4,318
Accumulated deficit(21,979)(8,821)(6,797)(6,043)(2,393)(5,450)
Total equity:20,13532,61822,52423,27627,71232,007
TOTAL LIABILITIES AND EQUITY:48,83250,38537,49037,94039,19142,801

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues50,95145,36444,13940,10049,38039,395
Revenue, net39,395
Cost of revenue  (29,103)(26,055)(24,449)(29,403)(22,372)
Gross profit:50,95116,26118,08415,65119,97717,023
Operating expenses(62,032)(17,457)(17,036)(20,036)(17,552)(22,050)
Operating income (loss):(11,081)(1,196)1,048(4,385)2,425(5,027)
Nonoperating income (expense)(552) (797)762(2,897)242
Investment income, nonoperating   (8)15010246
Other nonoperating expense(552) (169)(104)(328)(106)
Interest and debt expense (53)    
Other undisclosed loss from continuing operations before equity method investments, income taxes  (265)    
Income (loss) from continuing operations before equity method investments, income taxes:(11,633)(1,514)251(3,623)(472)(4,785)
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(11,633)(1,514)251(3,623)(472)(4,785)
Income tax expense (benefit)  187(3)9872771,824
Income (loss) from continuing operations:(11,633)(1,327)248(2,636)(195)(2,961)
Income (loss) before gain (loss) on sale of properties:(1,327)248(2,636)(195)(2,961)
Other undisclosed net income (loss) (374)   (665)
Net income (loss):(11,633)(1,701)248(2,636)(195)(3,626)
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:(11,633)(1,701)248(2,636)(195)(3,626)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(11,633)(1,701)248(2,636)(195)(3,626)
Comprehensive income (loss):(11,633)(1,701)248(2,636)(195)(3,626)
Other undisclosed comprehensive income, net of tax, attributable to parent      2,257
Comprehensive income (loss), net of tax, attributable to parent:(11,633)(1,701)248(2,636)(195)(1,369)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: