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Kyle Cerminara, Chairman of the Board of Directors of BK Technologies, stated, 'I am optimistic that the back half of 2022 will show improvement in many key metrics as we move forward with a sense of urgency and a strong desire to create value for shareholders.'
Second Quarter 2022 Financial Review
Revenue increased 7% to $12.1 million, compared with $11.3 million for the second quarter of last year and increased by 84% sequentially as compared to first quarter of 2022. Gross profit margin was 14% compared to 38% for the same quarter of last year. The lower gross margins generally reflect cost increases in material and freight. The Company expects to see improved gross margins in the second half of 2022.
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Author:
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Created:
Aug 11, 2022
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Aug 11, 2022
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