secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0000915779-23-000080
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/0000915779-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000091577923000080/dakt-20230906.htm
  HTML page:      https://secwatch.observer/filing/0000915779-23-000080

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