secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2022-09-14T23:59:59+00:00
Accession:  0001437749-22-022395
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774922022395/0001437749-22-022395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774922022395/buks20220824_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-022395

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer