BUKS 最新10-K变化
将 BUKS 最新的定期申报(10-K/10-Q)与上一份同类型申报逐章节对比:每个章节新增/删除的段落数与原文摘录。全部为确定性文本对比——无相似度评分、无方向判断、非投资建议。
对比:10-K · 2026-07-08 与上一份 10-K · 2025-07-03
| 章节 | 结果 | 新增 | 删除 | 微调 | 未变 |
|---|---|---|---|---|---|
| 业务概况 | 文字有新增/删除 | +9 | −12 | ~9 | 17 |
| 风险因素 | 文字有新增/删除 | +41 | −19 | ~19 | 60 |
| 法律诉讼 | 文字有新增/删除 | 0 | 0 | ~1 | 0 |
| 管理层讨论与分析 | 文字有新增/删除 | +29 | −30 | ~23 | 13 |
计数单位为段落;"新增/删除"指相对上一份文件新增/删除的文字,不含方向或好坏判断。
未列出(无法可靠提取或缺失):市场风险(第7A项)
代表性摘录
每个章节最多 5 条、每条约 300 字符的原文摘录,直接来自两份 SEC 文件。
业务概况
相对上期新增的文字 · 来源:10-K · 2026-07-08
During the fiscal year ended April 30, 2026 we derived 39.1% of our revenue from five customers, and we had two “major customers” (10 percent or more of consolidated revenue) that provided 29.9% of total revenue. During the fiscal year ended April 30, 2025 we derived 25.4% of our revenue from five c…
The aerospace industry is highly regulated in the United States by the FAA and in other countries by similar agencies. Our products and aircraft modifications must be certified by the FAA or meet FAA requirements. FAA certification involves designing, engineering, and testing of specific aircraft mo…
Our contracts with the U.S. government and contracts in which we serve as a subcontractor to a prime government contractor are subject to the Federal Acquisition Regulation (“FAR”) and related agency supplements, which govern pricing, cost allowability, audit rights, and contractor conduct. Costs in…
Moreover, our gaming management operations are regulated largely by the Kansas Racing and Gaming Commission and the Kansas Lottery. The gaming industry, in general, is highly regulated and we must maintain our licenses and pay gaming revenue share and taxes to continue our operations. Each gaming fa…
rules and regulations where it is located. These laws, rules and regulations generally relate to the responsibility, financial stability, integrity and character of the managers, contractors and persons with financial interests in the gaming operations. The process of obtaining such necessary licens…
相对上期删除的文字 · 来源:10-K · 2025-07-03
Architectural Services. Prior to its closure in January 2024, a subsidiary of the Company provided licensed architectural services, including commercial and industrial building design as part of the Professional Services segment.
During the fiscal year ending April 30, 2025 we derived 25.4% of our revenue from five customers, and we had one "major customer" (10 percent or more of consolidated revenue) that provided 14.8% of total revenue. During the fiscal year ending April 30, 2024 we derived 28.5% of our revenue from five …
lotteries, on-track and off-track wagering, online sports betting platforms, video lottery terminals, gray gaming machines and card parlors. With respect to staffing at the gaming facility, we compete against local businesses for qualified talent.
The aerospace industry is highly regulated in the United States by the FAA and in other countries by similar agencies. Our products and aircraft modifications must be certified by the FAA or meet FAA requirements. FAA certification involves designing, engineering, and testing of specific aircraft mo…
Moreover, our gaming management operations are regulated largely by the Kansas Racing and Gaming Commission and the Kansas Lottery. The gaming industry, in general, is highly regulated and we must maintain our licenses and pay gaming revenue share and taxes to continue our operations. Each gaming fa…
风险因素
相对上期新增的文字 · 来源:10-K · 2026-07-08
Additionally, the outbreak of hostilities or war involving the United States or friendly foreign countries with governments that are our customers may shift expenditures by such governments from purchases of our special mission electronics to direct military equipment. A change of these expenditures…
If the U.S. Government or friendly foreign countries ceased doing business with us or significantly decreased the amount of business they do with us, it may have a material adverse effect on our financial condition, results of operations, liquidity and cash flows.
We also depend on a limited number of key personnel to manage and operate our businesses, including our executive officers. Our continued growth and success are dependent on the leadership of these key personnel.
On June 15, 2026, Christopher J. Reedy resigned as our Chief Executive Officer, and although he intends to remain employed as a Special Advisor to the Board, his availability may be limited. Adam Sefchick, our Chief Financial Officer, has been appointed as Interim Chief Executive Officer and Preside…
Mr. Reedy’s resignation as our Chief Executive Officer may, or the loss of Mr. Sefchick’s services, whether due to death, disability, or otherwise, or his inability or unwillingness to continue in his current roles could, adversely affect our ability
相对上期删除的文字 · 来源:10-K · 2025-07-03
control, including political, regulatory, economic, technical staffing and military conditions, environmental concerns, weather conditions and fuel pricing. Any prolonged cyclical downturn may adversely affect customer demand in our Aerospace Products business and may have a material adverse effect …
We also depend on a limited number of key personnel to manage and operate our businesses, including our executive officers. Our continued growth and success are dependent on the leadership of these key personnel. The Company does not have employment contracts with our executive officers. Several of …
Boot Hill Casino is located in Dodge City, Kansas. Consequently, a significant portion of our gaming business is dependent upon attracting local residents, for both patronage and employees, as well as out of town visitors and is subject to the general economic health of the region around Dodge City.…
care, and market fluctuations for agricultural and petroleum products could cause our customers to see a decrease in discretionary income which may negatively impact our revenues from gaming. This may have a material adverse effect on our financial condition, results of operations, liquidity and cas…
Due to fixed contract pricing, increasing contract costs exposes us to reduced profitability.
管理层讨论与分析
相对上期新增的文字 · 来源:10-K · 2026-07-08
proprietary gun control design to open new market opportunities. In the Professional Services segment, we look for new ways to provide an enjoyable and entertaining experience to attract patrons to the gaming facility.
Costs of Aerospace Products increased 7% in the year ended April 30, 2026, to $32.1 million compared to $29.9 million for the year ended April 30, 2025. The increase is directly related to an increase in material and labor costs driven by our increased sales. Costs were 53% of Aerospace Products rev…
While we continue to focus on controlling costs, with the sales growth and expansion of aircraft modification installations at the New Century facility, the need for parts fabrication exceeded our existing shop capacity in Newton, Kansas. In response, in April 2025, we purchased a building adjacent …
Marketing and advertising expenses decreased 3% to $3.6 million in fiscal 2026, from $3.7 million in fiscal 2025. Costs were 4% of total revenue in the year ended April 30, 2026 as compared to 4% of total revenue in the year ended April 30, 2025. Marketing and advertising expenses include advertisin…
General, administrative and other expenses increased 3% to $18.1 million in fiscal 2026, from $17.5 million in fiscal 2025. Costs were 18% of total revenue in the year ended April 30, 2026, compared to 21% of total revenue in the year ended April 30, 2025. The increase is primarily due to greater de…
相对上期删除的文字 · 来源:10-K · 2025-07-03
compared to 41% of Professional Services revenue in the year ended April 30, 2024. The increase is directly related to an increase in labor costs.
Costs of Aerospace Products increased 4% in the year ended April 30, 2025, to $29.9 million compared to $28.7 million for the year ended April 30, 2024. The increase is directly related to an increase in material and labor costs, impacted by our increased sales. Costs were 65% of Aerospace Products …
While we continue to work to control costs, with the sales growth and expansion of aircraft modification installations at the New Century facility, the need for parts fabrication exceeded our existing shop capacity in Newton, Kansas. In response, in April, 2025, we purchased a building adjacent to o…
Marketing and advertising expenses decreased 26% to $3.7 million in fiscal 2025, from $5.0 million in fiscal 2024. Costs were 4% of total revenue in the year ended April 30, 2025 as compared to 6% of total revenue in the year ended April 30, 2024. The decrease in fiscal 2025 is due to a change in ma…
General, administrative and other expenses increased 12% to $17.5 million in fiscal 2025, from $15.7 million in fiscal 2024. Costs were 21% of total revenue in the year ended April 30, 2025, compared to 20% of total revenue in the year ended April 30, 2024. The increase is primarily due to greater d…
如何读 10-Q 的风险因素(第 1A 项)
10-Q 的风险因素章节有三种常见形态,本页按其一分类展示:
- 指向(pointer) — 公司仅声明"无重大变化"并指向年度 10-K 的完整风险因素;本季没有自己的风险文本可对比。
- 部分更新(partial) — 公司写明"除下述外无重大变化",只更新部分风险;摘录展示的正是本季新增的内容。
- 全文重述(restated) — 本季重新给出完整风险因素。若上一季只是"指向",则无法逐段对比,本页会将其标为"本季全文重述"。
这只是对文件结构的客观描述,不构成对风险高低的判断。
数据来自 SEC EDGAR 两份申报文件的文本级对比 · 确定性计算(无 AI 生成内容)· 仅供参考 · 非投资建议