Exhibit 99

 

 

PRESS RELEASE
FOR IMMEDIATE RELEASE

 

 

July 17, 2020

 

BUTLER NATIONAL CORPORATION ANNOUNCES FOURTH QUARTER AND FISCAL YEAR END 2020 FINANCIAL RESULTS AND CONFERENCE CALL

 

- Revenue Increased 12%, Net Income of $4.2 Million -
 

 

OLATHE, KANSAS, July 17, 2020, - 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 fourth quarter and fiscal year ended April 30, 2020.  In conjunction with the release, the Company has scheduled a conference call Tuesday, July 21, 2020 at 9:00 AM Central Daylight Time.

 

What: Butler National Corporation Fourth Quarter Fiscal Year End 2020 Financial Results Conference Call

When: Tuesday, July 21, 2020 - 9:00 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 fourth quarter and fiscal year end, 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:

                               
   

Year Ended April 30

   

Quarter Ended April 30

 
   

(In thousands except per share data)

   

(In thousands except per share data)

 
   

2020

   

2019

   

2020

   

2019

 

Revenue

  $ 65,871     $ 58,710     $ 12,617     $ 15,717  

Operating Income (loss)

    8,306       5,278       (2,330 )     746  

Net Income (loss)

    4,234       3,853       (1,392 )     283  

Total Assets

    94,918       48,902       94,918       48,902  

Long-term Obligations

    46,187       4,709       46,187       4,709  

Stockholders' Equity

    37,804       34,344       37,804       34,344  

Weighted Average Shares - Diluted

    68,623       64,512       68,308       64,045  

Diluted Earnings (loss) Per Share

    0.06       0.06       (0.02 )     0.00  

New Product Research and Development Cost

    2,404       1,888       703       655  

 

 

The following information was filed by Butler National Corp (BUKS) on Friday, July 17, 2020 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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