secwatch.observer — SEC 8-K summary
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Issuer:     BUTLER NATIONAL CORP (BUKS)
CIK:        0000015847
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001437749-23-006895
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15847/000143774923006895/0001437749-23-006895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15847/000143774923006895/buks20230216_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006895

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