BK Technologies Announces FY 2020 Revenue of $44 1 Million up 10% Year-Over-Year; Q4 Revenue of $10 6 Million Up 43% Year-Over-Year; Operating Income of $0 9 Million Improves by $3 3 Million Year-over-Year theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
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WEST MELBOURNE, FL / ACCESSWIRE / March 3, 2021 / BK Technologies Corporation (NYSE American:BKTI) today announced financial and operating results for the fourth quarter and year ended December 31, 2020. The Company will host a conference call tomorrow, March 4, 2021 at 9:00AM eastern time.
Tim Vitou, BK s President, commented, We had a strong fourth quarter and full year 2020 performance. Revenue grew 10% to $44.1 million for FY 2020. On a quarterly basis, Q4 revenue grew 43% and we generated an operating profit of $0.9 million. Operating margins were 8.4%, a substantial improvement, compared with a 32.4% loss for last year s fourth quarter. Our gross profit margins and key metrics continued to benefit from revenue growth and new products, combined with our restructuring and the related expense reductions.
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BK Technologies to Host Fourth Quarter and Twelve Months 2020 Conference Call on Thursday, March 4, 2021 tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.