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Daktronics Comments on Presentation and Public Statements from Alta Fox
GlobeNewswire News Room· 2024-12-11 13:40
BROOKINGS, S.D., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today issued the following statement regarding the recent press release and public comments from Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox”): In May 2023, after a competitive process with several potential financing p ...
Daktronics Q2: Digital Transformation Set To Drive Strong Margin Growth
Seeking Alpha· 2024-12-05 13:30
Shares of Daktronics (NASDAQ: DAKT ) are up more than 30% since my initial recommendation in July, where I recognized the company's leading position in the US market with a promising outlookAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally. Through my years of analyzing co ...
Daktronics(DAKT) - 2025 Q2 - Quarterly Report
2024-12-04 20:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, No Par Value DAKT Nasdaq Global Select Market Preferred Stock Purchase Rights DAKT Nasdaq Global Select Market FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 26, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXC ...
Daktronics to Present at The Benchmark Company's Upcoming Discovery One-on-One Investor Conference
GlobeNewswire News Room· 2024-12-04 20:50
BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (Nasdaq: DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide today announced that Reece Kurtenbach, Chief Executive Officer and Sheila Anderson, Chief Financial Officer will be presenting at The Benchmark Company’s 13th Annual Discovery One-on-One Investor Conference to be held Wednesday, December 11th, 2024 at the New York Athletic Club in New Y ...
Why Daktronics Stock Jumped Today
The Motley Fool· 2024-12-04 19:52
Shares of Daktronics (DAKT 12.92%) surged higher on Wednesday, powered by an impressive earnings report. The stock rose as much as 21.3% in the early morning, settling back to a 14.1% gain by 1:35 p.m. ET.Daktronics' Q2 2025 by the numbersFiscal second-quarter sales rose 4.5% year over year, landing at $208 million. Daktronics reported an adjusted net income of $13.9 million, or $0.27 per diluted share, for the period ended Oct. 26, matching the year-ago figure.Wall Street doesn't always have consensus esti ...
Daktronics (DAKT) Lags Q2 Earnings Estimates
ZACKS· 2024-12-04 14:40
Daktronics (DAKT) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -52.94%. A quarter ago, it was expected that this video display maker would post earnings of $0.30 per share when it actually produced earnings of $0.36, delivering a surprise of 20%.Over the last four quarters, the com ...
Daktronics(DAKT) - 2025 Q2 - Quarterly Results
2024-12-04 13:08
Exhibit 99.1 Daktronics, Inc. Announces 2025 Fiscal Second Quarter Results Generates Record Cash Flow on Strong Sales Growth BROOKINGS, S.D., December 4, 2024 – Daktronics, Inc. (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2025 second quarter which ended October 26, 2024. Fiscal Q2 2025 financial highlights include: • Sales of $208.3 million, a 4.5 perce ...
Daktronics, Inc. Announces 2025 Fiscal Second Quarter Results
GlobeNewswire News Room· 2024-12-04 12:30
BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2025 second quarter which ended October 26, 2024. Fiscal Q2 2025 financial highlights include: Sales of $208.3 million, a 4.5 percent increase from the second quarter of fiscal 2024, and fiscal year-to-date sales of $434.4 million, up 0.6 perc ...
Daktronics Announces Intention to Convert $25 Million Convertible Promissory Note into Common Stock
GlobeNewswire News Room· 2024-11-08 13:00
BROOKINGS, S.D., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its common shareholders to exercise the Company’s right to convert an initial $7.0 million in f ...
Daktronics, Inc. Announces Next Steps in Ongoing Business Transformation Plan
GlobeNewswire News Room· 2024-10-21 13:04
Business Transformation Office Driving Strategic Initiatives to Accelerate Profitable Growth, Increase Margins and Drive Consistent Returns on Invested Capital in the Mid-to-High Teens Ad Hoc Transformation Committee of the Board to Oversee Execution of Strategic Initiatives Board of Directors Initiates Search for New Chief Financial Officer to Support the Achievement of the Company’s ROIC Goals Sheila Anderson Named to Newly Created Role of Chief Data and Analytics Officer to Lead Digital Transformation ...