Butler National Q3 revenue up 16% to $20.5M; net income down to $0.03 EPS

BUTLER NATIONAL CORP

2023-Q3 EPS reported $0.07 revenue$55,093,000

Revenue $20.5M (vs $17.6M YoY); Aerospace Products +25%, Professional Services +8%.
Net income $2.0M ($0.03 diluted EPS) vs $2.7M ($0.04 EPS) in Q3 FY2022.
Operating margin fell to 17% from 25%; Aerospace operating income halved to $1.1M.
New Kansas sports wagering contributed $1.2M revenue; permanent DraftKings sports book opened Feb 28.
Backlog strong at $27.1M; cash increased $4.7M in first nine months.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BUTLER NATIONAL CORP reported the third quarter for the period ending January 31, 2023 results: revenue $ 20,464, net income $ 1,977, EPS $ 0.03.

Period: the third quarter for the period ending January 31, 2023
Revenue: $ 20,464
Net income: $ 1,977
EPS: $ 0.03
Result: reported results

Exact text from the filing

Historical selected financial data related to all operations: Quarter Ended January 31 Nine Months Ended January 31 (In thousands) (In thousands) 2023 2022 2023 2022 Revenue $ 20,464 $ 17,618 $ 55,093 $ 54,012 Operating Income $ 3,385 $ 4,402 $ 9,012 $ 13,167 Net Income $ 1,977 $ 2,684 $ 5,091 $ 8,740 Total Assets $ 111,077 $ 98,076 $ 111,077 $ 98,076

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Source: SEC EDGAR

accession 0001437749-23-006895

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