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Daktronics Inc   (DAKT)
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Daktronics Inc

DAKT's Financial Statements and Analysis



Daktronics Inc reported in the third quarter of 2024 net earnings per share of $0.09 an increase by 12.5 % year on year from $0.08 and an improvement of 80 % from $0.05 realized in II. Quarter (Oct 28 2023).


third quarter of 2024
Earnings Per Share Revenues
$ 0.09 $  170 Mill
$+0.01     +12.5 % $-15M     -8.25 %



Daktronics Inc 's Revenue fell by -8.25 % in third quarter of 2024 (Jan 27 2024) year on year, to $170 million and declined by -14.8 % sequentially.


Daktronics Inc is

More on DAKT's Income Statement



Daktronics Inc 's net income of $10.742 million in the third quarter of 2024 increased by 189.31 % from net earnings of $3.713 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 396.17 % from net income of $2.165 million realized in previous quarter.

More on DAKT's Growth

Daktronics Inc Inventories
Inventories declined by -14.94 % to $140.25 million from III. Quarter a year ago, sequentially inventories fell by -0.98 %. DAKT's Cash flow In the third quarter of 2024 company's net cash flow was $46 million


Daktronics Inc does not pay out common stock dividend.

In trailing twelve-month period Daktronics Inc earned $ 0.64 cash per share, on a free-cash flow basis 458.44 % of net earning per share.

Book value fell by -58.59 % sequentially to $1.98 per share.
Tangible Book value fell to $ 1.94 per share from $ 4.69.

Company issued 72.65 million shares or 155.55 % in Jan 27 2024.
Debt Coverage Ratio was 5.75.

More on DAKT's Dividends

 Market Capitalization (Millions) 1,142
 Shares Outstanding (Millions) 119
 Total Debt (Millions $) 2
 Revenue (TTM) (Millions $) 579
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 2,420




Daktronics Inc does not pay out common stock dividend.

In trailing twelve-month period Daktronics Inc had $ 0.64 cash flow per share, on a free-cash flow basis 458.44 % of net earning per share.

Book value fell by -58.59 % sequentially to $1.98 per share.
Tangible Book value fell to $ 1.94 per share from $ 4.69.

Company issued 72.65 million shares or 155.55 % in Jan 27 2024.
Debt Coverage Ratio was 5.75.

More on DAKT's Balance Sheets

 Market Capitalization (Millions) 1,142
 Shares Outstanding (Millions) 119
 Total Debt (Millions $) 2
 Revenue (TTM) (Millions $) 579
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 2,420
   


  News about Daktronics Inc Earnings

Daktronics Inc. Faces Challenges in a Tough Business Environment, Yet Shows Resilience in Latest Financial Results

Daktronics Inc, a leading global designer and manufacturer of dynamic video communication displays and control systems, has had a contradictory but substantial recent fiscal period. Despite a decline in revenue of -8.248% to $169.72 million, the company saw an improvement in earnings per share, which rose by 12.5% to $0.09 year on year.
The company operates in the Miscellaneous Manufacturing sector, which showed overall improvement in the third quarter of 2024. In the previous quarter, Daktronics Inc achieved revenue of $199.20 million and a bottom line of $0.05 per share. It's worth noting that earnings in the most recent fiscal period increased significantly by 189.31% to $10.742 million compared to $3...

Daktronics Inc. Surpasses Expectations with Remarkable Financial Turnaround in the Second Quarter of 2024

Daktronics Inc. (NASDAQ: DAKT) recently reported its financial results for the August to October 28, 2023, time frame, and the numbers look promising. The company's income turned positive at $0.05 per share, compared to a loss of $0.29 per share in the same period last year, and an unchanged $0.00 per share from the preceding financial reporting period. This is a significant improvement and indicates that Daktronics Inc. is on the right track.
Not only did the company's income improve, but its revenue also saw a positive growth of 6.274%. Daktronics Inc. reported revenue of $199.20 million, up from $187.44 million in the same financial reporting period last year. This growth aligns well with its contempo...

Achieves Balanced Books and Record Earnings Growth in Q1 2024!

Daktronics Inc is a company that specializes in the design, manufacture, and sales of electronic display systems and related products. The company's primary focus is on providing digital display solutions for various industries such as sports, transportation, digital billboards, and commercial applications.
In the first quarter of the 2024 earnings season, Daktronics Inc achieved balanced books, with earnings per share of $0.00. This is a significant improvement compared to a loss of $0.12 per share in the same period the previous year and is also consistent with the preceding reporting season. Despite the balanced books, the company reported a net loss of $0.000 million, which is an improvement from a d...

Daktronics Inc.'s Earnings Bolstered by $8.21 Million in Tax Provisions Amid Revenue Surge


Introduction:
Daktronics Inc, a miscellaneous manufacturing company, recently published their financial results for the most recent fiscal period. While the company experienced a significant increase in revenue, their profitability remained stagnant, reaching zero gain at $0.00 per share. This article aims to outline the key facts from the financial reports and provide an interpretation of the company's performance.
Surge in Revenue:
In comparison to the corresponding reporting season a year ago, Daktronics Inc witnessed a substantial revenue growth of 29.382%, reaching $209.86 million. Sequentially, revenue advanced by 13.454% from $184.98 million. This surge in revenue reflects a positive ...


Date modified: 2024-02-28T21:32:23+00:00





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