Butler National Q1 FY2023 revenue down 14% to $15.3M; net income falls to $0.43M from $2.9M

BUTLER NATIONAL CORP

2023-Q1 EPS reported $0.01 revenue$15,304,000

Revenue $15.3M vs $17.7M YoY (-14%); net income $0.43M vs $2.9M; EPS $0.01 vs $0.04.
Aerospace Products revenue down 25% to $6.3M, operating loss of $0.39M vs prior-year income $1.0M.
Professional Services revenue down 4% to $9.0M; operating income $2.0M vs $3.0M.
Backlog $23M; cash increased $2.3M in quarter; supply chain issues caused delivery shifts.
Company launching sports wagering in Kansas; temporary retail sportsbook at Boot Hill Casino.

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