Highest-materiality recent filing
Record net sales $838.7M for FY2026, up 10.9% YoY; record orders $860.8M, up 10.2%.
Daktronics Q3 FY2026 revenue $182M (+22% YoY), orders $201M (+8%), backlog $342M (+25%)
Net sales $181.9M, up 21.6% YoY; net income $3.0M ($0.06 diluted EPS) vs net loss $17.2M ($0.36 loss) in prior year.
Daktronics VP and Corporate Secretary Carla Gatzke to Depart; Receives $674,250 Severance
Carla S. Gatzke will cease as Corporate Secretary and VP of HR effective Jan 31, 2026.
Daktronics acquires MicroLED IP, equipment, and hires 15 XDC engineers
Daktronics acquires XDC's MicroLED IP, equipment, and hires 15 engineers; no cash paid.
Daktronics Q2 op income up 37% to $21.6M; sales $229.3M +10%; adds $20M buyback; names new CEO
Operating income $21.6M (9.4% margin) vs $15.8M (7.6%) YoY; net income $17.5M, diluted EPS $0.35 vs $0.22.
Daktronics appoints Ramesh Jayaraman as President and CEO, effective Feb 1, 2026
Jayaraman brings 25+ years of global operations from Bosch and Harman; starts full-time Dec 10, 2025.
Daktronics Q1 net income $16.5M vs loss a year ago; orders +35% YoY
Net income of $16.5M ($0.33 diluted EPS) vs net loss of $4.9M ($0.11 loss) in Q1 FY25.
Howard I. Atkins (acting CFO) named principal accounting officer; Sheila Anderson remains Chief Data & Analytics Officer.
Daktronics FY2025 net loss $10.1M; Q4 orders up 17% but sales down 20%
Q4 operating loss of $1.7M vs profit $19.4M a year ago; adjusted operating income $5.8M after $7.5M in transformation & governance costs.
Daktronics Q3 net loss $17.2M; CEO Reece Kurtenbach steps down, interim CEO named
Sales $149.5M (-12.2% YoY); operating loss $3.6M vs +$8.0M; net loss $17.2M.
Daktronics CEO Reece Kurtenbach steps down; Brad Wiemann named interim CEO, Howard Atkins Acting CFO
CEO Kurtenbach ceases as President/CEO effective March 5, 2025; to remain as advisor for digital transformation; receives $1.8M severance, partial equity vesting.
Daktronics settles with Alta Fox, appoints Peter Feigin to board, ends poison pill
Appoints Peter Feigin (President of Milwaukee Bucks) to board, effective March 5, 2025, term through 2027 annual meeting.
Daktronics rejects Alta Fox's demand to repurchase convertible debt at over 3x face value
Alta Fox demanded early repayment of $25M convertible debt at more than 3x face value (carried at $52.8M fair value).
Daktronics Q2 sales up 4.5% to $208.3M; record operating cash flow $43.3M
Operating income $15.8M, adjusted $19.1M (9.2% margin) vs $19.4M (9.7%) a year ago; gross profit 26.8%.
Daktronics extends poison pill, lowers trigger threshold to 15% amid dispute with Alta Fox
Board extended shareholder rights agreement to Nov 19, 2025; beneficial ownership trigger set at 15% (20% for passive investors).
Daktronics converts $7M of $25M Alta Fox note to equity; plans share repurchases to offset dilution
Initial $7M conversion of Alta Fox note yields ~1.1M shares at $6.31/share; conversion date Dec 3, 2024.
Daktronics launches next phase of transformation; CFO search initiated
Business Transformation Office formed with CEO, leadership team, and senior consultants; ad hoc board committee chaired by Howard Atkins.
Daktronics Q1 FY2025: Sales $226.1M, op. income $22.7M, adj. net income $16.6M
Net sales of $226.1M, +4.7% sequentially but -2.8% YoY; gross margin 26.4% vs 30.6% YoY.
Daktronics reports record FY2024 revenue of $818.1M; operating income quadruples to $87.1M
Q4 sales record $215.9M (+2.9% YoY); full-year sales $818.1M (+8.5% YoY).
Daktronics Q3 FY2024: Operating income up 12.9% to $8.0M; orders jump 29.4%
Q3 orders $192.1M (+29.4% YoY); YTD orders $534.4M (+6.6%).
Daktronics Q2 FY2024 sales up 6.4% to $199M; gross margin expands to 27.2%
Operating income of $19.4M vs $1.5M YoY; net sales $199.4M with 6.4% growth.
Daktronics Q1 FY2024 net sales $232.5M (+35%), operating income $40.2M vs prior year loss
Net sales rose 35.3% YoY to $232.5M, a Q1 record; gross margin improved to 30.6% from 15.0%.
Daktronics reports record FY2023 sales of $754.2M, operating income $21.4M; going concern resolved
Record net sales $754.2M for FY2023 (+23.4% YoY); Q4 sales $209.9M (+29.4% YoY).
New $60M senior secured asset-based revolver with JPMorgan matures May 2026; includes $15M delayed draw term loan secured by Brookings real estate.
Daktronics secures $100M in capital: $75M JPMorgan facility + $25M convertible note from Alta Fox
Closed $75M senior secured credit facility with JPMorgan Chase (matures May 2026): $60M revolver and $15M delayed-draw term loan secured by real estate.
Daktronics Q3: record sales $185M (+32.5% YoY), gross margin 22.6%, adj operating income $11.7M
Record Q3 net sales of $185.0M, up 32.5% YoY; product order backlog $429.1M vs $353.3M prior year period.
Board formed Strategy and Financing Review Committee to address near-term credit needs and improve long-term financial structure.
Effective Jan 23, 2023, Daktronics amended credit agreement with U.S. Bank, extending $10M maturity to May 1, 2023; remaining $35M matures Apr 29, 2025.
Daktronics provides going concern update; seeking financing, fulfilling $463M backlog
On Dec 12, disclosed conditions raising substantial doubt about going concern after Q2 fiscal 2023 results.
Daktronics enters Sixth Amendment to Credit Agreement; adds new covenants and reporting requirements
Excludes income tax expense from valuation allowance from covenant calculations; adds monthly financial, AR/AP, inventory, and bi-weekly cash flow reporting.
Net sales $187.4M (+14% YoY); orders $182.8M (+11.7%); backlog at $463.1M.
Daktronics delays Q2 earnings; discloses substantial doubt about going concern and material weakness
Substantial doubt about ability to continue as a going concern due to cash flow volatility and liquidity needs.
Andrew Siegel, who currently serves as Lead Independent Director of the Board, has been appointed to fill the role of independent Chair of the Board, effective as of the close of business March 5, 2025.
Mr. Kurtenbach will no longer serve as Chairman of the Board and Andrew Siegel, who currently serves as Lead Independent Director of the Board, has been appointed to fill the role of independent Chair of the Board, effective as of the close of business March 5, 2025.
the Board appointed Brad Wiemann as interim President and Chief Executive Officer of the Company, effective as of the close of business March 5, 2025.
Reece Kurtenbach will cease to serve as the President and Chief Executive Officer of the Company.
On March 3, 2025, the Board appointed Peter Feigin to serve as a member of the Board, effective March 5, 2025, with a term expiring at the 2027 Annual Meeting.
On December 7, 2022, the Board of Directors of Daktronics, Inc. (the "Company") expanded the size of the Board to eight members and appointed Howard I. Atkins as the eighth director and as a member of the Board's Compensation Committee.
On December 7, 2022, the Board of Directors of Daktronics, Inc. nominated Howard I. Atkins as a member of the Board.
On July 28, 2022, the Board of Directors of Daktronics Inc. received notice that James Morgan is retiring from the Board of Directors effective September 7, 2022.
Max materiality 0.90 · Median 0.68 · Most common event earnings