Daktronics provides going concern update; seeking financing, fulfilling $463M backlog

DAKTRONICS INC /SD/

On Dec 12, disclosed conditions raising substantial doubt about going concern after Q2 fiscal 2023 results.
Since then, company meeting with potential financing partners to improve liquidity.
Backlog stands at $463.1M; company fulfilling orders and collecting receivables.
Actions aim to remove going concern qualification in coming quarters.

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