---
schema_version: "secwatch.filing_event.v1"
accession: "0000915779-23-000080"
form_type: "8-K"
ticker: "DAKT"
cik: "0000915779"
company_name: "DAKTRONICS INC /SD/"
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:42:56.430608+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Daktronics Q1 FY2024 net sales $232.5M (+35%), operating income $40.2M vs prior year loss

## Summary
- Net sales rose 35.3% YoY to $232.5M, a Q1 record; gross margin improved to 30.6% from 15.0%.
- Operating income rebounded to $40.2M (17.3% of sales) vs operating loss of $5.5M a year ago.
- Product order backlog was $323.7M, down from $400.7M at end of Q4 FY2023.
- Cash and marketable securities $54.9M; long-term debt $41.4M; no draws on line of credit.
- Generated $19.3M from operations; used $4.5M for property and equipment.

## SEC filing metadata
- accession: 0000915779-23-000080
- form_type: 8-K
- ticker: DAKT
- cik: 0000915779
- company_name: DAKTRONICS INC /SD/
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/0000915779-23-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/dakt-20230906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915779-23-000080
- JSON: https://secwatch.observer/filing/0000915779-23-000080.json
- Plain text: https://secwatch.observer/filing/0000915779-23-000080.txt

## Key facts
- Earnings Releases
  DAKTRONICS INC /SD/ reported fiscal 2024 first quarter which ended July 29, 2023 results: revenue $232.5 million.
  - Period: fiscal 2024 first quarter which ended July 29, 2023
  - Revenue: $232.5 million
  - Result: reported results
  source text: Inc. (NASDAQ - DAKT) today reported results for its fiscal 2024 first quarter which ended July 29, 2023. Q1 FY2024 financial highlights: • Record first quarter net sales of $232.5 million, a 35.3 percent increase from the first quarter of fiscal 2023 • Gross profit as a percentage of net sales of 30.6 percent as a result of record sales volume, stable operations
  evidence_url: https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/0000915779-23-000080-index.htm

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