BUTLER NATIONAL CORPOR
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.3M | $50.6M | $44.8M | $47.1M | $47.3M | $49.2M | $52.7M | $46.3M |
| Cost of Revenue | — | $14.5M | $12.2M | $12.7M | $12.1M | $11.5M | $11.5M | $11.8M |
| Gross Profit | — | $36.1M | $32.6M | $34.4M | $35.1M | $37.7M | $41.2M | $34.6M |
| Gross Margin | — | 71.3% | 72.8% | 73.1% | 74.3% | 76.7% | 78.1% | 74.6% |
| Operating Expenses | ||||||||
| Research & Development | $1.8M | $1.5M | $1.8M | $2.0M | $1.8M | $1.8M | $1.7M | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $2.1M | $3.5M | $622.0K | $1.3M | $1.9M | $1.5M | $5.5M | $2.8M |
| Operating Margin | 4.4% | 6.9% | 1.4% | 2.8% | 4.1% | 3.1% | 10.4% | 6.1% |
| Interest Expense | $331.0K | $403.0K | $471.0K | $1.1M | $1.4M | $1.5M | $736.0K | $364.0K |
| Pretax Income | $1.8M | $3.1M | $908.0K | $967.0K | $547.0K | $-7.0K | $4.7M | $2.4M |
| Income Tax Expense | $540.0K | $768.0K | $93.0K | $138.0K | $33.0K | $-816.0K | $823.0K | $1.2M |
| Net Income | $341.0K | $1.5M | $24.0K | $27.0K | $514.0K | $809.0K | $3.9M | $1.3M |
| Net Margin | 0.7% | 3.0% | 0.1% | 0.1% | 1.1% | 1.6% | 7.4% | 2.7% |
| EPS (Basic) | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.02 |
| EPS (Diluted) | $0.01 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.02 |
| Shares Outstanding (Basic) | 64.4M | 63.5M | 62.3M | 62.3M | 60.9M | 59.0M | 56.60B | 56.11B |
| Shares Outstanding (Diluted) | 64.4M | 63.5M | 62.3M | 62.3M | 60.9M | 59.0M | 56.60B | 56.11B |
| Dividends Per Share | — | — | — | — | — | — | — | — |