secwatch.observer — SEC 8-K summary
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Issuer:     DAKTRONICS INC /SD/ (DAKT)
CIK:        0000915779
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0000915779-24-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000081/0000915779-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915779/000091577924000081/dakt-20240904.htm
  HTML page:      https://secwatch.observer/filing/0000915779-24-000081

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