BK Technologies Corporation

Good morning ladies and gentlemen and welcome to the BK Technologies Corporation conference call for the first quarter of 2026. This call is being recorded. All participants have been placed on a listen-only mode and following management's remarks the call will be opened for questions. There is a slide presentation that accompanies today's remarks which can be accessed via the webcast. At this time, it is my pleasure to turn the floor over to your host for today, Corbin Woodhull of Hayden Investor Relations. Corbin, please go ahead.

Thank you, Jenny. Good morning, and welcome to our conference call to discuss BK Technologies' results for the first quarter of 2026. On the call today are John Suzuki, Chief Executive Officer, and Scott Malmanger, Chief Financial Officer. Before we begin, I will take a moment to read the Safe Harbor Statement. Statements made during this conference call and presented in this presentation that are not based on historical facts are forward-looking statements. Such statements include but are not limited to projections or statements of future goals and targets regarding the company's revenue and profits. These statements are subject to known and unknown risk factors. The company's actual results, performance, or achievements may differ materially from those expressed or implied by these forward-looking statements, and some of the factors and risks that could cause or contribute to such material differences have been described in this morning's press release and in BK's filings with the U.S. Securities and Exchange Commission. These statements are based on information and understandings that are believed to be accurate as of today, and we do not undertake any duty to update such forward-looking statements. With that, I will now turn the call over to John Suzuki, CEO of BK Technologies. John, please go ahead.

Thank you, Corbin. Good morning, everyone, and thank you for joining us for our first quarter of 2026 conference call. I'll start by reviewing our operational and financial performance and then turn it over to our Chief Financial Officer, Scott Malmenger, for a deeper dive into our financial results for the quarter. Following a discussion of the financial results, and will provide our fiscal year 2026 outlook and outline the strategic priorities of our roadmap. We will conclude by opening the call for a brief Q&A. Our first quarter performance represents a strong beginning to 2026 and a successful start to our Vision 2030 mission. Revenue growth, margin expansion, and a record cash balance all underscore the strength of our operating model and the benefits of the investments we have made in our products and solutions. We continue to experience robust demand for our BKR series radios, particularly our multiband BKR 9000 with an increasing favorable product mix contributing to consistent margin expansion and stronger profitability. First quarter, 2026 revenue increased 11.8% year over year to 21.3 million and expanded further by 14 percent on a trailing 12-month basis. This growth trajectory reflects the continued momentum across our core public safety communication business, especially federal, state, and local agency demand for our BKR series radios and growing adoption of our BK1 solutions. Leveraging the powerful combination of top-line growth, favorable product mix, and targeted investment behind new products and solutions, we delivered a 24 percent increase in adjusted EBITDA with a 180 basis point margin expansion to 18.7 percent. Our profit trajectory continues to advance, reaching non-GAAP fully diluted adjusted EPS of 88 cents, a healthy increase compared to the 62 cents in the year-ago quarter. Just as importantly, benefiting from the inherent operating leverage within our business model, after-tax free cash flow outpaced revenue growth, increasing by 44% year-over-year to $4.1 million. This led to a record cash balance of $29 million at quarter end, which gives us the flexibility to continue investing for growth while maintaining disciplined capital allocation strategy. Our Vision 2030 roadmap is built around two important market transitions, the shift from single-band to multiband, and the evolution of in-vehicle to on-person broadband solutions. We have successfully designed our strategy around those two transitions and believe we are well-positioned to capture a meaningful portion of these substantial opportunities through the expanding installer base of our BKR series radios and BK1 solutions platform. The BQR 5000 single-band radio continues to play an instrumental role in developing a natural upgrade path to the BQR 9000 multiband radio, positioning us to benefit from the replacement cycles. Having first entered into the market in late 2020, we have already shipped over 95,000 BQR 5000s. During Q1 2026, we were awarded a new order from the Minnesota Department of Natural Resources for 500 BKR 9000 radios, demonstrating the market's acceptance and accelerating customer adoption of our multiband radio. In April, we debuted the BKR 9500 multiband mobile radio at FDIC International in Indianapolis, Indiana. The product received an overwhelmingly positive reception, generating strong customer engagement and meaningful interaction throughout the events. Additionally, in April, we booked our first BKR 9500 order from a large existing BK customer located in the Southwest. The Public Safety Agency has been a long-term BK customer with a fleet of radios that include the BKR 5000, the BKR 9000, and the KNG single-band mobile. The new order for the BKR 9500 multi-band mobile is the logical next step as the customer continues to modernize their fleet of radios. Dealer training and customer contract updates to reflect the BQR 9500 inclusion are ongoing as we remain on pace for FCC approval in the second half of 2026 with shipments in the first half of 2027. This early traction reinforces our belief that the BKR 9,500 will be an important part of our long-term growth strategy. With that, I'll turn it over to Scott Melman, our CFO, to give more detailed overview of our first quarter financial performance. Go ahead, Scott.