---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-23-000015"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T09:11:18.378051+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Daktronics Q3: record sales $185M (+32.5% YoY), gross margin 22.6%, adj operating income $11.7M

## Summary
- Record Q3 net sales of $185.0M, up 32.5% YoY; product order backlog $429.1M vs $353.3M prior year period.
- Gross profit margin improved to 22.6% from 16.0% due to strategic pricing and supply chain improvements.
- Operating income $7.1M; adjusted operating income $11.7M vs adjusted operating loss of $5.7M in Q3 FY2022.
- Recorded $4.6M non-cash goodwill impairment charge in International and Live Events reporting units.
- Board's Strategy and Financing Review Committee evaluating financing alternatives to address capital position.

## SEC filing metadata
- accession: 0000915779-23-000015
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000091577923000015/0000915779-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000015/dakt-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000015
- JSON: https://secwatch.observer/filing/0000915779-23-000015.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000015.txt

## Key facts
- Earnings Releases
  DAKTRONICS INC /SD/ reported the three months ended January 28, 2023 results: revenue $185.0 million.
  - Period: the three months ended January 28, 2023
  - Revenue: $185.0 million
  - Result: reported results
  source text: Daktronics, Inc. (NASDAQ - DAKT) today reported results for its fiscal 2023 third quarter which ended January 28, 2023. Q3 FY2023 financial highlights: • Record third quarter net sales of $185.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000015/0000915779-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.