BK Technologies Prepares for New Product Releases
BK Technologies Corporation recently announced financial and operating results for the first quarter ended March 31, 2019 and looks forward to introduce new products in 2019 and beyond.
In a statement to the first quarter 2019 results, Tim Vitou, BK’s President, commented; "The company is continuing and anticipated to yield additional new products later this year and next year, providing what we believe will be a highly competitive foundation on which we can build growth and shareholder value.”
Tim Vitou continued: “The first quarter was a challenging start to the year. Impacted by the extended federal government shutdown, sales to federal agencies declined significantly in January and February. Sales to state and local government customers were also soft in the first quarter. Sales growth has been a primary component of our success in recent years, so it was encouraging to note that sales activity rebounded in March. Additionally, we officially launched BK’s first multiband product, the BKR9000, at the International Wireless Communications Exposition (IWCE) in March and received favorable customer reviews. The multiband handheld products are just the first step in a comprehensive upgrade and overhaul of our entire product line. Aggressive development is continuing and anticipated to yield additional new products later this year and next year, providing what we believe will be a highly competitive foundation on which we can build growth and shareholder value. In addition to incremental sales, the new products are anticipated to bolster our gross profit margins.”