Tag: Reece Kurtenbach

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).  […]

Daktronics Reports Decreased Revenue and Profit in 1Q fiscal 2019

Daktronics reported financials for the first quarter of fiscal 2019 (3 months ended July 28, 2018). Sales declined 11% to $154M for the quarter.  Net income declined 45% to $4.6M for the quarter. Daktronics CEO, Reece Kurtenbach led off his portion of Tuesday’s earnings call by stating: “Our first quarter financial results […]

Daktronics revenues down for 4Q fiscal 18.

“While overall results for fiscal 2018 were below expectations, we remain optimistic for the future.”  That’s how digital billboard manufacturer Daktronics CEO Reece Kurtenbach summarized the firm’s fiscal 2018 performance.  Here are the results from last week’s earnings release and seeking alpha earnings call transcript. Sales for the 3 months ended […]

Daktronics net up 50% on 10% revenue growth

Here are the highlights from yesterday’s Daktronics first quarter fiscal 2017 earnings release and conference call transcript. Revenue increased by 10% to $172 million for the 3 months ended July 29, 2017 as improvements in the firm’s Live Events and Transportation business offset declines in the Commercial and International business […]