Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N
BKTI.A - BK Technologies Corp
Q3 2024 BK Technologies Corp Earnings Call
Nov 14, 2024 / 02:00PM GMT
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Presentation
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We achieved our fifth consecutive quarter of profitability with GAAP earnings per share of 67¢ and year-to-date earnings per share of a dollar 33.
Given our progress in the quarter, we will be providing updates to our financial targets. Later in this presentation, third quarter backlog remains strong at 27 million supported by solid order activity for our BKR 5,000 and BKR 9,000 radios from both new and existing customers looking to upgrade their radio fleets.
We also continued our trend of incremental margin improvement with gross margins of 38.8% in the quarter driven by a combination of strategic cost reduction initiatives and a shift in product mix to include more BKR Series radio sales.
During the
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