BK Technologies Corporation (BKTI) financial statements (2021 and earlier)

Company profile

Business Address 7100 TECHNOLOGY DRIVE
WEST MELBOURNE, FL 32904
State of Incorp. NV
Fiscal Year End December 31
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,8266,3816,9394,9464,6768,8257,415
Cash and cash equivalents6,8266,3816,9394,9464,6768,8257,415
Receivables6,4665,7783,5834,5903,9642,8715,093
Inventory, net of allowances, customer advances and progress billings9,4418,4269,52710,93713,51314,45013,257
Inventory9,4418,4269,52710,93713,51314,45013,257
Other undisclosed current assets1,8781,4551,4081,8021,7331,7922,132
Total current assets:24,61122,04021,45722,27523,88627,93827,897
Noncurrent Assets
Operating lease, right-of-use asset2,8873,0132,7092,7912,8852,5582,652
Property, plant and equipment3,5663,7013,8283,7753,9644,1343,616
Other noncurrent assets112122143169197223196
Other undisclosed noncurrent assets6,3146,1106,4736,7027,0086,0166,022
Total noncurrent assets:12,87912,94613,15313,43714,05412,93112,486
TOTAL ASSETS:37,49034,98634,61035,71237,94040,86940,383
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,3115,4676,0476,5337,3128,7798,866
Accounts payable5,1193,1294,4724,8365,3106,8546,841
Accrued liabilities307660385402479512447
Employee-related liabilities1,6351,4289401,0451,2711,1601,324
Interest and dividends payable250250250250252253254
Deferred revenue757667556462369281219
Debt82818078447340267
Other undisclosed current liabilities1,3161,4071,3281,4921,2481,3901,440
Total current liabilities:9,4667,6228,0118,5659,37610,79010,792
Noncurrent Liabilities
Long-term debt and lease obligation2,7023,0972,7152,8202,6062,6432,385
Long-term debt, excluding current maturities 268289309 348 
Operating lease, liability2,7022,8292,4262,5112,6062,2952,385
Other undisclosed noncurrent liabilities96(207)2981742,6822,4191,974
Total noncurrent liabilities:2,7985,7195,4395,5055,2885,0624,359
Total liabilities:14,96613,34113,45014,07014,66415,85215,151
Stockholders' equity
Stockholders' equity attributable to parent22,52421,64521,16021,64223,27625,01725,232
Common stock8,3778,3778,3668,3578,3578,3578,353
Treasury stock, value(5,402)(5,402)(5,402)(5,376)(5,133)(4,895)(4,642)
Additional paid in capital26,34626,28126,23526,14626,09526,03725,988
Accumulated deficit(6,797)(7,611)(8,039)(7,485)(6,043)(4,482)(4,467)
Total stockholders' equity:22,52421,64521,16021,64223,27625,01725,232
TOTAL LIABILITIES AND EQUITY:37,49034,98634,61035,71237,94040,86940,383

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues10,55312,7609,93710,8897,35711,80513,294
Cost of revenue(5,892)(7,560)(5,609)(6,994)(4,950)(6,699)(7,593)
Gross profit:4,6615,2004,3283,8952,4075,1065,701
Operating expenses(3,771)(4,158)(4,364)(4,743)(4,789)(4,811)(5,681)
Operating income (loss):8901,042(36)(848)(2,382)29520
Nonoperating income (expense)148(362)(238)(344)540(310)(113)
Investment income, nonoperating(8)   150  
Other nonoperating expense(25)(65)(32)(47)(6)(85)(11)
Income (loss) from continuing operations before income taxes:1,038680(274)(1,192)(1,842)(15)(93)
Income tax expense (benefit)27(2)(28) 533253(154)
Net income (loss) available to common stockholders, diluted:1,065678(302)(1,192)(1,309)238(247)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1,065678(302)(1,192)(1,309)238(247)
Comprehensive income (loss), net of tax, attributable to parent:1,065678(302)(1,192)(1,309)238(247)

Statements sources

The financial statements are based on the company's filings with the 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.

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