Recent News
On October 23, 2025 the company announced a November 6, 2025 investor conference call and slide presentation to discuss third-quarter results and nine months ended September 30, 2025. On November 17, 2025 one analyst-aggregate service reported an upward revision to the one-year price target. In early November multiple market-data outlets reported that BK Technologies’ composite technical rating rose into the mid-90s, reflecting improved market recognition and pattern breakout commentary.
Technical Analysis
Directional indicators show an emerging trend strength with ADX at 24.78, implying the trend gained traction but has not reached strong extension; that emerging strength conflicts with falling directional momentum, suggesting short-term directional uncertainty against longer-run valuation support.
DI+ sits at 24.39 and shows a decreasing trend, which acts as a short-term bearish influence on price direction. DI- at 13.95 shows a dip-and-reversal, which, given its behavior, reinforces near-term bearish directional pressure.
MACD currently reads 1.48 with a 1.18 signal line; the MACD sits above its signal (a bullish crossing), while the MACD trend shows a peak-and-reversal, indicating momentum has begun to wane despite the recent bullish crossover. That conflict points to fading upward momentum that could expose price to consolidation even as moving-average structure stays constructive.
MRO at 26.36 with a peak-and-reversal indicates price currently sits above the WMDST target and carries measurable downside potential as momentum rolls over. The magnitude suggests more than trivial mean-reversion risk in the near term.
RSI at 53.33 and increasing signals modest bullish bias without overbought conditions; that supports constructive price action if momentum stabilizes but does not preclude retracement while MACD and MRO roll over.
Price sits at $74.88, inside the 20-day Bollinger band range (lower ~$73.19, upper ~$76.83) and just below the 20-day average of $75.01; the 12-day EMA shows an increasing trend while the 50-day ($70.97) and 200-day ($56.44) averages remain below price, providing layered technical support. Ichimoku components place near-term support around $69–$75, with the Kijun at $69.11 and Tenkan at $73.59; the cloud edges cluster near current prices, implying a tight band of support/resistance that could resolve with a momentum shift.
Volume sits modestly above 10-day average and below the 200-day average, maintaining thin trading conditions that can amplify directional moves; 42-day beta at 0.43 and 52-week beta at 1.29 show short-term lower volatility but higher longer-term sensitivity to market moves.
Fundamental Analysis
Revenue totaled $24,411,000 for the period ending 2025-09-30, with net income of $3,436,000 and GAAP diluted EPS of $1.27 versus an estimate of $0.96, producing an EPS beat of $0.31, or a 32.29% surprise. Operating income (EBIT) reached $4,845,000, which produces an operating margin of 19.85%. That operating margin sits well above the industry peer mean of 2.96% and the industry peer median of 10.16%, and remains inside the upper bound of the industry peer range.
Profitability expanded meaningfully YoY: operating margin improved ~53.75% year-over-year and rose ~5.10% quarter-over-quarter, reflecting stronger gross margins and operating leverage. Gross margin at 49.93% improved year-over-year and supports the margin expansion narrative.
Cash and liquidity stand out: cash and short-term investments total $21,471,000, free cash flow reached $9,504,000, and free-cash-flow yield measures roughly 3.72%, which sits above the industry peer mean of about 1.04%. Working-capital metrics remain healthy: current ratio 2.89 and quick ratio 1.85, while total debt measures only $861,000, keeping debt-to-assets near 1.29% and preserving balance-sheet optionality.
Valuation multiples show divergence: trailing P/E at 53.73 sits below the industry peer mean P/E of 65.20, while price-to-book at 6.24 runs slightly above the industry peer mean of 5.08. Price-to-sales at 10.46 lies marginally below the industry peer mean of 11.14. Enterprise multiple measures about 44.27 and enterprise-to-revenue dynamics produce a higher absolute multiple versus smaller peers, reflecting both strong margin expansion and modest market liquidity.
Revenue growth shows mixed timing: sequential revenue growth quarter-over-quarter of ~38.43% contrasts with a year-over-year change of about -42.45% (reflecting a sizable prior-period comparison). Asset turnover at 0.3836 sits above the industry peer mean of 0.1879, signaling relatively efficient asset use for the group.
WMDST values the stock as under-valued given robust cash generation, low leverage, and improving margins, though elevated multiples and thin trading warrant careful valuation context.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-06 |
| NEXT REPORT DATE: | 2026-02-05 |
| CASH FLOW | Begin Period Cash Flow | $ 11.9 M |
| Operating Cash Flow | $ 10.4 M | |
| Capital Expenditures | $ -929.00 K | |
| Change In Working Capital | $ 4.4 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 9.6 M | |
| End Period Cash Flow | $ 21.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 24.4 M | |
| Forward Revenue | $ 6.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 12.2 M | |
| Depreciation | $ 458.0 K | |
| Depreciation and Amortization | $ 458.0 K | |
| Research and Development | $ 2.8 M | |
| Total Operating Expenses | $ 19.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 12.2 M | |
| EBITDA | $ 5.3 M | |
| EBIT | $ 4.8 M | |
| Operating Income | $ 4.8 M | |
| Interest Income | $ 94.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 94.0 K | |
| Income Before Tax | $ 4.9 M | |
| Tax Provision | $ 1.5 M | |
| Tax Rate | 29.705 % | |
| Net Income | $ 3.4 M | |
| Net Income From Continuing Operations | $ 3.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.96 | |
| EPS Actual | $ 1.27 | |
| EPS Difference | $ 0.31 | |
| EPS Surprise | 32.292 % | |
| Forward EPS | $ 1.04 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 66.9 M | |
| Intangible Assets | $ 2.8 M | |
| Net Tangible Assets | $ 38.1 M | |
| Total Current Assets | $ 51.7 M | |
| Cash and Short-Term Investments | $ 21.5 M | |
| Cash | $ 21.5 M | |
| Net Receivables | $ 7.6 M | |
| Inventory | $ 18.6 M | |
| Long-Term Investments | $ 431.0 K | |
| LIABILITIES | ||
| Accounts Payable | $ 10.8 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 17.9 M | |
| Net Debt | — | |
| Total Debt | $ 861.0 K | |
| Total Liabilities | $ 25.9 M | |
| EQUITY | ||
| Total Equity | $ 41.0 M | |
| Retained Earnings | $ -6.54 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 10.94 | |
| Shares Outstanding | 3.742 M | |
| Revenue Per-Share | $ 6.52 | |
| VALUATION | Market Capitalization | $ 255.4 M |
| Enterprise Value | $ 234.7 M | |
| Enterprise Multiple | 44.267 | |
| Enterprise Multiple QoQ | 11.798 % | |
| Enterprise Multiple YoY | 65.912 % | |
| Enterprise Multiple IPRWA | high: 142.731 median: 52.696 BKTI: 44.267 mean: 35.946 low: -131.759 |
|
| EV/R | 9.617 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.633 | |
| Asset To Liability | 2.58 | |
| Debt To Capital | 0.021 | |
| Debt To Assets | 0.013 | |
| Debt To Assets QoQ | -22.55 % | |
| Debt To Assets YoY | -2.202 % | |
| Debt To Assets IPRWA | high: 0.68 median: 0.286 mean: 0.272 BKTI: 0.013 low: 0.0 |
|
| Debt To Equity | 0.021 | |
| Debt To Equity QoQ | -23.08 % | |
| Debt To Equity YoY | -10.549 % | |
| Debt To Equity IPRWA | high: 1.867 mean: 0.508 median: 0.404 BKTI: 0.021 low: -0.919 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 6.236 | |
| Price To Book QoQ | 22.899 % | |
| Price To Book YoY | 91.688 % | |
| Price To Book IPRWA | high: 15.197 BKTI: 6.236 mean: 5.077 median: 4.246 low: -3.162 |
|
| Price To Earnings (P/E) | 53.729 | |
| Price To Earnings QoQ | 66.213 % | |
| Price To Earnings YoY | 42.301 % | |
| Price To Earnings IPRWA | high: 243.643 median: 75.035 mean: 65.197 BKTI: 53.729 low: -135.508 |
|
| PE/G Ratio | -23.28 | |
| Price To Sales (P/S) | 10.461 | |
| Price To Sales QoQ | 18.693 % | |
| Price To Sales YoY | 149.694 % | |
| Price To Sales IPRWA | high: 70.781 mean: 11.14 BKTI: 10.461 median: 7.143 low: 1.449 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 72.95 | |
| Forward PE/G | -31.608 | |
| Forward P/S | 45.466 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.383 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.384 | |
| Asset Turnover Ratio QoQ | 5.554 % | |
| Asset Turnover Ratio YoY | -9.442 % | |
| Asset Turnover Ratio IPRWA | BKTI: 0.384 high: 0.381 mean: 0.188 median: 0.153 low: 0.0 |
|
| Receivables Turnover | 2.553 | |
| Receivables Turnover Ratio QoQ | 30.972 % | |
| Receivables Turnover Ratio YoY | 32.057 % | |
| Receivables Turnover Ratio IPRWA | high: 7.156 mean: 4.356 median: 3.732 BKTI: 2.553 low: 0.616 |
|
| Inventory Turnover | 0.684 | |
| Inventory Turnover Ratio QoQ | 2.615 % | |
| Inventory Turnover Ratio YoY | 11.55 % | |
| Inventory Turnover Ratio IPRWA | high: 5.174 mean: 1.982 median: 1.095 BKTI: 0.684 low: 0.036 |
|
| Days Sales Outstanding (DSO) | 35.738 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 97.522 | |
| Cash Conversion Cycle Days QoQ | -19.473 % | |
| Cash Conversion Cycle Days YoY | -29.877 % | |
| Cash Conversion Cycle Days IPRWA | high: 356.665 mean: 131.939 BKTI: 97.522 median: 78.599 low: -64.961 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.721 | |
| CapEx To Revenue | -0.038 | |
| CapEx To Depreciation | -2.028 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 41.0 M | |
| Net Invested Capital | $ 41.0 M | |
| Invested Capital | $ 41.0 M | |
| Net Tangible Assets | $ 38.1 M | |
| Net Working Capital | $ 33.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.199 | |
| Current Ratio | 2.89 | |
| Current Ratio QoQ | 2.628 % | |
| Current Ratio YoY | 0.778 % | |
| Current Ratio IPRWA | high: 13.607 BKTI: 2.89 mean: 1.881 median: 1.182 low: 0.407 |
|
| Quick Ratio | 1.853 | |
| Quick Ratio QoQ | 6.612 % | |
| Quick Ratio YoY | 38.879 % | |
| Quick Ratio IPRWA | high: 5.116 BKTI: 1.853 mean: 1.077 median: 0.966 low: 0.303 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.162 | |
| Cost Of Debt | -1.13 % | |
| Interest Coverage Ratio | -323.0 | |
| Interest Coverage Ratio QoQ | 21.216 % | |
| Interest Coverage Ratio YoY | -112.399 % | |
| Interest Coverage Ratio IPRWA | high: 31.057 median: 7.319 mean: 1.736 low: -123.353 BKTI: -323.0 |
|
| Operating Cash Flow Ratio | 0.416 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 84.732 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 10.654 % | |
| Revenue Growth | 15.337 % | |
| Revenue Growth QoQ | 38.433 % | |
| Revenue Growth YoY | -4245.135 % | |
| Revenue Growth IPRWA | high: 67.474 % BKTI: 15.337 % mean: 3.366 % median: 1.704 % low: -53.063 % |
|
| Earnings Growth | -2.308 % | |
| Earnings Growth QoQ | -101.693 % | |
| Earnings Growth YoY | -106.672 % | |
| Earnings Growth IPRWA | high: 140.0 % mean: -1.627 % median: -1.786 % BKTI: -2.308 % low: -116.667 % |
|
| MARGINS | ||
| Gross Margin | 49.932 % | |
| Gross Margin QoQ | 5.313 % | |
| Gross Margin YoY | 28.585 % | |
| Gross Margin IPRWA | high: 100.0 % BKTI: 49.932 % mean: 16.271 % median: 15.248 % low: -10.206 % |
|
| EBIT Margin | 19.848 % | |
| EBIT Margin QoQ | 5.099 % | |
| EBIT Margin YoY | 53.753 % | |
| EBIT Margin IPRWA | high: 58.23 % BKTI: 19.848 % median: 10.16 % mean: 2.963 % low: -155.296 % |
|
| Return On Sales (ROS) | 19.848 % | |
| Return On Sales QoQ | 5.099 % | |
| Return On Sales YoY | 53.753 % | |
| Return On Sales IPRWA | high: 57.493 % BKTI: 19.848 % median: 10.16 % mean: 1.94 % low: -433.833 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 9.5 M | |
| Free Cash Flow Yield | 3.722 % | |
| Free Cash Flow Yield QoQ | 156.69 % | |
| Free Cash Flow Yield YoY | -35.472 % | |
| Free Cash Flow Yield IPRWA | BKTI: 3.722 % high: 3.058 % mean: 1.038 % median: 0.809 % low: -6.506 % |
|
| Free Cash Growth | 251.349 % | |
| Free Cash Growth QoQ | 427.457 % | |
| Free Cash Growth YoY | 516.006 % | |
| Free Cash Growth IPRWA | BKTI: 251.349 % high: 97.174 % median: 15.758 % mean: -39.067 % low: -307.394 % |
|
| Free Cash To Net Income | 2.766 | |
| Cash Flow Margin | 30.515 % | |
| Cash Flow To Earnings | 2.168 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 5.399 % | |
| Return On Assets QoQ | -15.943 % | |
| Return On Assets YoY | 9.137 % | |
| Return On Assets IPRWA | high: 11.701 % BKTI: 5.399 % median: 1.358 % mean: 0.394 % low: -17.358 % |
|
| Return On Capital Employed (ROCE) | 9.896 % | |
| Return On Equity (ROE) | 0.084 | |
| Return On Equity QoQ | -17.541 % | |
| Return On Equity YoY | -7.486 % | |
| Return On Equity IPRWA | high: 0.262 BKTI: 0.084 mean: 0.075 median: 0.043 low: -0.285 |
|
| DuPont ROE | 8.843 % | |
| Return On Invested Capital (ROIC) | 8.317 % | |
| Return On Invested Capital QoQ | -17.881 % | |
| Return On Invested Capital YoY | -112.564 % | |
| Return On Invested Capital IPRWA | high: 9.81 % BKTI: 8.317 % median: 2.527 % mean: 0.358 % low: -16.009 % |
|