BKTI · CIK 2186
What BK Technologies Corp. told the SEC could break it.
BK Technologies' disclosures cluster at both ends of its business — who buys its radios and where the parts come from. Sales to the U.S. Government (DHS, DoD, the Forest Service, and Interior) were about 29% of 2025 sales, tying a large slice of revenue to federal budget and appropriations cycles. On the supply side, roughly 15% of its procurement is sourced internationally and about 64.4% of that comes from just three suppliers with no guaranteed supply arrangements, with certain components single-sourced — a dependence sharpened by new and increased U.S. tariffs on China and on steel and aluminum that could raise costs and disrupt its component supply.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- U.S. Government / federal agency sales (~29% of sales)high
Sales to the U.S. Government (DHS, DoD, USFS, DoI) were about 29% of total sales in 2025 (38% in 2024), concentrating revenue in federal procurement subject to budget and appropriations cycles.
“Sales to the U.S. Government represented approximately 29% and 38% of our total sales for the years ended December 31, 2025 and 2024, respectively.”
SEC filing →As of 2026
Supplier concentration
- Component supplier concentration (3 suppliers = 64.4% of international procurement; single-source components)high
About 15% of procurements are sourced internationally, and roughly 64.4% of those came from just 3 suppliers with no guaranteed supply arrangements; certain components are single-sourced, creating supply-disruption risk.
“Approximately 15% of our material, subassembly and product procurements in 2025 were sourced internationally, of which approximately 64.4% were sourced from 3 suppliers. We place purchase orders from time to time with these suppliers and have no guaranteed supply arrangements. In addition, certain components are obtained from single sources.”
SEC filing →As of 2026
Regulatory & policy
- U.S. tariffs on China imports, steel and aluminummedium
The company's electronic products depend on imported components; new/increased U.S. tariffs on China and other countries (including steel and aluminum) plus retaliatory measures could raise costs and disrupt supply.
“The current presidential administration has imposed new or increased tariffs on products from China and a number of other countries, including steel and aluminum.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
East West Manufacturing, LLC
“We completed the transition of our main manufacturing activities to East West Manufacturing, LLC's facilities during the third quarter of 2024.”
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