A Kansas-based aerospace company just released its financial results for the second quarter of fiscal year 2022 and the outcome was something for investors to get excited about. Shares of Butler National Corp (OTCQB:BUKS) rallied on the news.
Butler National is engaged in design, manufacture and sell, install, repair, modify, overhaul, service and distribute a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. The company's operating segment includes Professional Services and Aerospace Products. It generates maximum revenue from the Aerospace Products segment. The Professional Services segment provides professional management services in the gaming industry, professional architectural, and engineering services. It has a business presence in North America, Europe, Asia, Australia and other geographical regions.
Revenue increased 20% and net income clocked in at a whopping $3.2 million for the quarter. Traders were bullish on the news as shares climbed up to $0.8295/share (+15.21%) at the session high. This move is a strong continuation of the success this stock has had over the last year.
