---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-006895"
form_type: "8-K"
ticker: "BUKS"
cik: "0000015847"
company_name: "BUTLER NATIONAL CORP"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:30:47.688138+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-006895
- form_type: 8-K
- ticker: BUKS
- cik: 0000015847
- company_name: BUTLER NATIONAL CORP
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/15847/000143774923006895/0001437749-23-006895-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/15847/000143774923006895/buks20230216_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-006895
- JSON: https://secwatch.observer/filing/0001437749-23-006895.json
- Plain text: https://secwatch.observer/filing/0001437749-23-006895.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/15847/000143774923006895/0001437749-23-006895-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.