Tag: Reece Kurtenbach

Daktronics Expands Factories to Support Demand for LED Displays

BROOKINGS, S.D. – March 14, 2022 – As demand in the audiovisual marketplace continues to rise, Daktronics (NASDAQ-DAKT) of Brookings, South Dakota, is currently expanding production capabilities in multiple factory locations to support increased demand, including the doubling of Surface Mount Device (SMD) LED product lines. “We are excited to see such high […]

Daktronics Sales And Orders Are Up – Supply Chain is Still a Struggle

BROOKINGS, S.D., March 10, 2022 (GLOBE NEWSWIRE) — Daktronics, Inc. (DAKT) today reported its results for fiscal 2022 third quarter which ended January 29, 2022. Q3 FY2022 financial highlights: Net sales of $139.6 million as a result of record orders and eased pandemic related site restrictions Operating loss of $5.7 million realized due to […]

Daktronics Revenues Grow 30% for 3 Months Ended October 2021

Daktronics revenues have recovered from covid but supply chain issues are impacting the digital billboard maker’s profits.  Here are the results from the Daktronics 2Q FY 22 earnings release and earnings call for the 3 months ended October 31, 2021. Revenue increased by 30% to $165 million due to eased […]

Daktronics Revenue Up 1% in Quarter Ended July 31, 2021.

Digital billboard maker Daktronics has released financials results for the first quarter of FY 2022 (3 months ended July 31, 2021). Revenue increased 1% to $145 million. Net income declined from $7.5 million during the 3 months ended August 1, 2020 to $3.7 million during the 3 months ended July […]

Daktronics Revenue Down 26% in 3 Months Ended January 31, 2021.

Revenue declined but Daktronics was close to breakeven for the 3 months ended January 31, 2021.  Here are the highlights from the Daktronics 3Q FY 21 earnings release and earnings call. Revenues declined by 26% to $94 million for the third quarter of fiscal 2021 (three months ended January 30 […]

Daktronics Revenues off 27% in 2Q FY21

Daktronics released financials for the three months ended October 31, 2020.   Revenues are down but the company stayed profitable due in part to expenses cuts.   Here are the highlights from the earnings release and earnings call. Revenues declined by 27% to $127.4 million for the three months ended October 31, […]

Daktronics Sales Decline 1% in 4Q 2020

Here are highlights on Daktronics forth quarter results. Q4 sales decline of 1.3% year to year to $126.1M, reflecting fluctuations in the timing of order bookings, and related conversion to sales, including some shipping and onsite delays caused by COVID-19; and orders declined by 9.4% Y/Y. Sales by segments: Commercial […]

Daktronics Invests in XDC, a Leader in Mass Transfer and MicroLED Technology

BROOKINGS, S.D., Feb. 28, 2020 (GLOBE NEWSWIRE) — Daktronics (DAKT) (NASDAQ-DAKT) of Brookings, South Dakota, announces it has participated in a Series A investment round in X Display Company (XDC). XDC creates and owns leading intellectual property (IP) and capabilities in microLED mass transfer technology. Series A investments will support XDC’s further […]

Daktronics revenue up and net down in 2Q 2020.

Daktronics revenue grew slightly but net income declined during the second quarter of fiscal 2020 (3 months ended November 2, 2019).  Here are the results from the earnings release and earnings call for the digital billboard manufacturer. Revenue grew 1% to $175 million during the second quarter of fiscal 2012.  […]

Daktronics sales and net profit up in 2Q fiscal 2019.

Digital billboard maker Daktronics reported increased revenues and profits in the second quarter of fiscal 2019 (3 mos ended October 27, 2018).  Here are the results of the earnings release and earnings call transcript. Revenues increased 2.4% to $173 million during 2Q fiscal 2019 (3 months ended October 27, 2018).  […]