{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-021130","form_type":"8-K","ticker":"BUKS","cik":"0000015847","company_name":"BUTLER NATIONAL CORP","filed_at":"2023-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.437822+00:00","generated_at":"2026-06-12T22:02:05.476968+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Butler National FY2023 net income plunges to $4.5M despite 5% revenue growth to $75.2M","bullets":["Revenue $75.2M, +5% YoY; net income $4.5M ($0.06 diluted EPS) vs $10.4M ($0.14) last year.","Operating margin fell to 12% from 23%, hit by $4.5M severance accrual for two former execs and $492K board award.","Aerospace Products revenue grew 8% to $37.1M but operating income collapsed to $65K from $6.2M.","Professional Services revenue +2% to $38.0M; operating income -14% to $8.6M; new sports wagering added $2.7M.","Backlog $26.4M at FY-end; new product R&D spend $3.0M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-021130","json":"https://secwatch.observer/filing/0001437749-23-021130.json","markdown":"https://secwatch.observer/filing/0001437749-23-021130.md","text":"https://secwatch.observer/filing/0001437749-23-021130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15847/000143774923021130/0001437749-23-021130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15847/000143774923021130/buks20230414_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T22:02:05.476968+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ea3b39c1301024aa4c3c93dbc3917a66adf3d87","claim":"BUTLER NATIONAL CORP reported fiscal year ended April 30, 2023 results: revenue $75.2 million, net income $4.5 million, EPS 0.06.","evidence_excerpt":"EXHIBIT 99 ex_501101.htm Exhibit 99 FOR IMMEDIATE RELEASE July 31, 2023 BUTLER NATIONAL CORPORATION ANNOUNCES FISCAL YEAR END 2023 FINANCIAL RESULTS - Revenue increased 5% to $75.2 million in fiscal 2023 as compared to $71.5 million in fiscal 2022 - NEW CENTURY, KANSAS, July 31, 2023 , - Butler National Corporation (OTCQB: BUKS), a leader in the growing global","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/15847/000143774923021130/0001437749-23-021130-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended April 30, 2023"},{"label":"Revenue","value":"$75.2 million"},{"label":"Net income","value":"$4.5 million"},{"label":"EPS","value":"0.06"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}