Exhibit 99

 

 

PRESS RELEASE
FOR IMMEDIATE RELEASE

 

 

March 12, 2021

 

BUTLER NATIONAL CORPORATION ANNOUNCES Third QUARTER FISCAL YEAR 2021 FINANCIAL RESULTS AND CONFERENCE CALL

 

 

OLATHE, KANSAS, March 12, 2021, - Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2021 ended January 31, 2021.  In conjunction with the release, the Company has scheduled a conference call Monday, March 15, 2021 at 10:00 AM Central Daylight Time.

 

What: Butler National Corporation Third Quarter Fiscal 2021 Financial Results Conference Call

When: Monday, March 15, 2021 - 10:00 AM Central Daylight Time

How: Live via phone by dialing 877-358-7305. Code: Butler National Corporation.  Participants to the conference call should call in at least 5 minutes prior to the start time.

 

Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2021.

 

Historical selected financial data related to all operations:

                               
   

Quarter Ended January 31

   

Nine Months Ended January 31

 
   

(In thousands)

   

(In thousands)

 
   

2021

   

2020

   

2021

   

2020

 

Revenue

  $ 14,612     $ 16,800     $ 43,572     $ 53,254  

Operating Income (Loss)

    1,868       2,888       3,683       10,636  

Net Income (Loss)

    503       1,335       809       5,626  

Total Assets

    99,026       95,027       99,026       95,027  

Long-term obligations

    44,222       44,985       44,222       44,985  

Stockholders' Equity

    39,048       39,663       39,048       39,663  

Weighted Average Shares - Diluted

    74,033       67,954       74,183       68,110  

Earnings Per Share

  $ 0.01     $ 0.02     $ 0.01     $ 0.08  

New Product Research and Development Cost

    809       521       2,552       1,701  

 

 

The following information was filed by Butler National Corp (BUKS) on Friday, March 12, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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