BK Technologies Corporation (BKTI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,5806,8264,67611,26816,33110,9104,669
Cash and cash equivalents10,5806,8264,67611,2687,14710,9104,669
Short-term investments    9,184  
Receivables8,2296,4663,9645,7215,5243,4484,122
Inventory, net of allowances, customer advances and progress billings16,9789,44113,51311,46614,35813,99916,282
Inventory16,9789,44113,51311,46614,35813,99916,282
Other undisclosed current assets1,6341,8781,7332,4017721,4103,081
Total current assets:37,42124,61123,88630,85636,98529,76728,154
Noncurrent Assets
Operating lease, right-of-use asset2,3992,8872,885
Property, plant and equipment4,5563,5663,9642,7292,2012,4861,840
Other noncurrent assets98112197192298225222
Other undisclosed noncurrent assets5,9116,3147,0085,4143,31710,0669,233
Total noncurrent assets:12,96412,87914,0548,3355,81612,77711,295
TOTAL ASSETS:50,38537,49037,94039,19142,80142,54439,449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,9207,3117,3128,1578,7675,5703,589
Accounts payable5,8835,1195,3105,5955,9711,9732,285
Accrued liabilities9383074792921,159169168
Employee-related liabilities1,0991,6351,2712,0141,3642,1931,136
Interest and dividends payable 2502522562731,235 
Deferred revenue 757369
Debt1,47082447    
Due to related parties605      
Deferred revenue and credits157142136
Other undisclosed current liabilities2,1921,3161,2481,7261,389650538
Total current liabilities:12,1879,4669,3769,88310,3136,3624,263
Noncurrent Liabilities
Long-term debt and lease obligation 2,7022,606    
Operating lease, liability 2,7022,606
Other undisclosed noncurrent liabilities5,580962,6821,596481408366
Total noncurrent liabilities:5,5805,5005,2881,596481408366
Total liabilities:17,76714,96614,66411,47910,7946,7704,629
Stockholders' equity
Stockholders' equity attributable to parent32,61822,52423,27627,71232,00735,77434,820
Common stock10,9798,3778,3578,3308,3078,2538,238
Treasury stock, value(5,402)(5,402)(5,133)(4,092)(810)(162) 
Additional paid in capital35,86226,34626,09525,86725,64225,38224,926
Accumulated other comprehensive income    4,3182,061397
Retained earnings (accumulated deficit)(8,821)(6,797)(6,043)(2,393)(5,450)2401,259
Total stockholders' equity:32,61822,52423,27627,71232,00735,77434,820
TOTAL LIABILITIES AND EQUITY:50,38537,49037,94039,19142,80142,54439,449

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues45,36444,13940,10049,38039,39550,68929,722
Revenue, net39,39550,68929,722
Cost of revenue(29,103)(26,055)(24,449)(29,403)(22,372)(28,530)(12,913)
Gross profit:16,26118,08415,65119,97717,02322,15916,809
Operating expenses(18,859)(17,036)(20,036)(17,552)(22,050)(17,874)(15,379)
Other undisclosed operating income1,402      
Operating income (loss):(1,196)1,048(4,385)2,425(5,027)4,2851,430
Nonoperating income (expense)(318)(797)762(2,897)242(13)(44)
Investment income, nonoperating (8)1501024691
Other nonoperating expense(86)(169)(104)(328)(106)(22)(45)
Income (loss) from continuing operations before income taxes:(1,514)251(3,623)(472)(4,785)4,2721,386
Income tax expense (benefit)187(3)9872771,824(1,583)(345)
Income (loss) before gain (loss) on sale of properties:(1,327)248(2,636)(195)(2,961)2,6891,041
Other undisclosed net loss    (665)  
Net income (loss):(1,327)248(2,636)(195)(3,626)2,6891,041
Other undisclosed net loss attributable to parent(374)      
Net income (loss) available to common stockholders, diluted:(1,701)248(2,636)(195)(3,626)2,6891,041

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,327)248(2,636)(195)(3,626)2,6891,041
Comprehensive income (loss):(1,327)248(2,636)(195)(3,626)2,6891,041
Other undisclosed comprehensive income, net of tax, attributable to parent    2,2571,664397
Comprehensive income (loss), net of tax, attributable to parent:(1,327)248(2,636)(195)(1,369)4,3531,438

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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