BK Technologies Achieves Record Third Quarter Revenue and Lowers Annual Guidance
BKTI BK Technologies Corp
$66.88 -3.69%
View chart & analysis → - 1BK Technologies reported third quarter revenue of $25.3 million and a gross profit margin exceeding 50%.
- 2BK Technologies lowered its annual revenue guidance to $85 million following a partial roof collapse at its West Melbourne, Florida headquarters on October 8.
- 3BK Technologies executed a $3 million strategic investment in Tango during the quarter.
So what's the key point?
BK Technologies generated $25.3 million in revenue during the third quarter. The company lowered its annual revenue forecast to $85 million due to a roof collapse at its headquarters.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.