Daktronics Q1 FY2025: Sales $226.1M, op. income $22.7M, adj. net income $16.6M

DAKTRONICS INC /SD/

2025-Q1 EPS reported -$0.11 revenue$226,088,000

Net sales of $226.1M, +4.7% sequentially but -2.8% YoY; gross margin 26.4% vs 30.6% YoY.
Operating income $22.7M (10.0% of sales) vs $19.4M (9.0%) Q4 FY2024; op. expenses +19.6% YoY.
Adjusted net income $16.6M, excluding $21.6M non-cash fair value adjustment on convertible note.
Product orders $176.2M (+11.1% YoY); backlog $267.2M, down from $316.9M at Q4 FY2024.
Generated $19.5M cash from ops; cash/marketable securities $97.2M; total debt $76.0M.

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