---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-23-000039"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2023-07-12T23:59:59+00:00"
generated_at: "2026-06-13T09:42:29.805564+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Daktronics reports record FY2023 sales of $754.2M, operating income $21.4M; going concern resolved

## Summary
- Record net sales $754.2M for FY2023 (+23.4% YoY); Q4 sales $209.9M (+29.4% YoY).
- Gross margin improved to 20.1% for FY2023 vs 19.1% prior year; Q4 margin 24.8% vs 18.5%.
- Operating income $21.4M for FY2023 vs $5.4M prior year; adjusted op income $26.0M vs $4.0M YoY.
- Going concern substantial doubt resolved; backlog at $401M entering FY2024.
- Orders down 19.5% for FY2023 due to normalization post-COVID surge; generated $15M cash from ops.

## SEC filing metadata
- accession: 0000915779-23-000039
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2023-07-12T23:59:59+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/915779/000091577923000039/0000915779-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000039/dakt-20230712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000039
- JSON: https://secwatch.observer/filing/0000915779-23-000039.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000039.txt

## Key facts
- Earnings Releases
  DAKTRONICS INC /SD/ reported the fourth quarter of fiscal 2023 results: revenue $209.9 million.
  - Period: the fourth quarter of fiscal 2023
  - Revenue: $209.9 million
  - Result: reported results
  source text: Record sales of $754.2 million for the 2023 fiscal year and $209.9 million for the fourth quarter, up 23.4 percent and 29.4 percent compared to the 2022 fiscal year and fourth quarter, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000039/0000915779-23-000039-index.htm
- Earnings Releases
  DAKTRONICS INC /SD/ reported the fiscal year ended April 29, 2023 results: revenue $754.2 million.
  - Period: the fiscal year ended April 29, 2023
  - Revenue: $754.2 million
  - Result: reported results
  source text: Record sales of $754.2 million for the 2023 fiscal year and $209.9 million for the fourth quarter, up 23.4 percent and 29.4 percent compared to the 2022 fiscal year and fourth quarter, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000039/0000915779-23-000039-index.htm

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