Butler National market cap is $46.9 m, and annual revenue was $58.71 m in FY 2019

Butler National Net income (Q2, 2020)2.2 M

Butler National EBIT (Q2, 2020)4.2 M

Butler National Cash, 31-Oct-201917 M

Butler National EV74.9 M

Butler National revenue was $58.71 m in FY, 2019 which is a 21.7% year over year increase from the previous period.

Butler National revenue breakdown by business segment: 45.5% from Aerospace Products and 54.5% from Professional Services

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Revenue | 44.8m | 50.6m | 48.3m | 58.7m |

| (5%) | 13% | (5%) | 22% |

## Cost of goods sold | 30.0m | 33.7m | 32.1m | 37.3m |

## Gross profit | 14.7m | 16.9m | 16.2m | 21.4m |

| 33% | 33% | 34% | 36% |

## Sales and marketing expense | 4.6m | 4.3m | 3.8m | 4.2m |

## General and administrative expense | 5.5m | 5.2m | 6.6m | 7.8m |

## Operating expense total | 14.1m | 13.4m | 14.1m | 16.1m |

## Depreciation and amortization | 2.2m | 2.0m | 1.8m | 1.8m |

## EBIT | 622.0k | 3.5m | 2.1m | 5.3m |

| 1% | 7% | 4% | 9% |

## Interest expense | 471.0k | 403.0k | 331.0k | 248.0k |

## Pre tax profit | 908.0k | 3.1m | 1.8m | 7.0m |

## Income tax expense | 589.0k | 192.0k | 297.0k | |

## Net Income | 815.0k | 2.3m | 1.3m | 5.7m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 11.4m | 12.8m | 11.3m | 11.6m | 11.2m | 11.0m | 13.4m | 15.3m | 14.3m | 17.0m | 19.4m |

## Cost of goods sold | 7.4m | 8.3m | 7.7m | 7.9m | 7.6m | 7.4m | 8.9m | 9.3m | 8.6m | 8.8m | |

## Gross profit | 4.0m | 4.5m | 3.6m | 3.8m | 3.6m | 3.6m | 4.5m | 6.0m | 5.7m | 8.2m | |

| 35% | 35% | 32% | 32% | 32% | 33% | 33% | 39% | 40% | 48% | |

## Sales and marketing expense | 1.0m | 1.1m | 1.1m | 853.0k | 956.0k | 920.0k | 975.0k | 1.1m | 1.0m | 1.1m | 1.0m |

## General and administrative expense | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.7m | 2.3m | 1.9m | 1.8m | 1.8m |

## Operating expense total | 3.3m | 3.3m | 3.5m | 3.1m | 3.3m | 3.2m | 3.6m | 4.2m | 3.8m | 4.7m | 2.8m |

## Depreciation and amortization | 507.0k | 507.0k | 496.0k | 482.0k | 500.0k | 362.0k | 388.0k | 395.0k | 415.0k | 1.2m | 1.3m |

## EBIT | 711.0k | 1.2m | 122.0k | 646.0k | 317.0k | 439.0k | 901.0k | 1.8m | 1.8m | 3.5m | 4.2m |

| 6% | 9% | 1% | 6% | 3% | 4% | 7% | 12% | 13% | 21% | 22% |

## Interest expense | 117.0k | 106.0k | 95.0k | 86.0k | 81.0k | 83.0k | 70.0k | 55.0k | 44.0k | 1.1m | 1.1m |

## Pre tax profit | 574.0k | 1.1m | 27.0k | 560.0k | 236.0k | 357.0k | 1.1m | 3.1m | 2.2m | 3.0m | 3.1m |

## Income tax expense | 134.0k | 47.0k | 10.0k | 188.0k | 637.0k | 495.0k | 762.0k | 825.0k | |||

## Net Income | 448.0k | 767.0k | 19.0k | 426.0k | 189.0k | 347.0k | 922.0k | 2.5m | 1.7m | 2.2m | 2.2m |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Cash | 7.4m | 6.4m | 7.4m | 9.0m |

## Accounts Receivable | 1.6m | 4.1m | 3.1m | 3.3m |

## Inventories | 8.0m | 6.9m | 7.1m | 8.9m |

## Current Assets | 17.8m | 18.3m | 18.8m | 23.3m |

## PP&E | 9.9m | 10.7m | 10.3m | 14.8m |

## Total Assets | 42.7m | 42.8m | 41.4m | 48.9m |

## Accounts Payable | 2.0m | 1.9m | 2.2m | 1.8m |

## Short-term debt | 6.5m | 4.9m | 4.0m | 1.9m |

## Current Liabilities | 11.4m | 11.1m | 10.4m | 9.8m |

## Long-term debt | 5.2m | 3.3m | 1.7m | 3.8m |

## Total Debt | 11.7m | 8.2m | 5.7m | 5.7m |

## Total Liabilities | 16.6m | 14.5m | 12.2m | 14.6m |

## Common Stock | 640.0k | 652.0k | 662.0k | 710.0m |

## Additional Paid-in Capital | 13.7m | 14.0m | 14.2m | 14.8m |

## Retained Earnings | 8.2m | 9.7m | 10.1m | 13.9m |

## Total Equity | 26.1m | 28.3m | 29.3m | 34.3m |

## Debt to Equity Ratio | 0.4 x | 0.3 x | 0.2 x | 0.2 x |

## Debt to Assets Ratio | 0.3 x | 0.2 x | 0.1 x | 0.1 x |

## Financial Leverage | 1.6 x | 1.5 x | 1.4 x | 1.4 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|

## Net Income | 815.0k | 2.3m | 1.3m | 5.7m |

## Depreciation and Amortization | 3.8m | 3.4m | 3.3m | 3.4m |

## Accounts Receivable | (630.0k) | (2.5m) | 988.0k | (158.0k) |

## Inventories | (926.0k) | 1.1m | (262.0k) | (1.8m) |

## Accounts Payable | 144.0k | (99.0k) | 296.0k | (441.0k) |

## Cash From Operating Activities | 2.4m | 6.0m | 6.3m | 9.6m |

## Cash From Investing Activities | (1.7m) | (3.2m) | (2.3m) | (5.0m) |

## Short-term Borrowings | 2.5m | (1.4m) | (217.0k) | (2.4m) |

## Long-term Borrowings | (2.5m) | (2.6m) | (2.3m) | (1.7m) |

## Dividends Paid | (360.0k) | (360.0k) | (360.0k) | (720.0k) |

## Cash From Financing Activities | 518.0k | (3.8m) | (3.1m) | (2.9m) |

## Net Change in Cash | 1.2m | (992.0k) | 964.0k | 1.7m |

## Interest Paid | 471.0k | 405.0k | 331.0k | 251.0k |

## Income Taxes Paid | 615.0k | 105.0k | ||

## Free Cash Flow | (340.0k) | 2.8m | 4.0m | 4.6m |

USD | Y, 2019 |
---|---|

## EV/EBIT | 17.7 x |

## EV/CFO | 8 x |

## Revenue/Employee | 65.2k |

## Financial Leverage | 2.5 x |