Daktronics Inc   (DAKT)
Other Ticker:  
Price: $8.7800 $0.10 1.152%
Day's High: $9.025 Week Perf: 3.54 %
Day's Low: $ 8.69 30 Day Perf: 15.83 %
Volume (M): 602 52 Wk High: $ 12.42
Volume (M$): $ 5,284 52 Wk Avg: $7.58
Open: $8.72 52 Wk Low: $3.90

 Market Capitalization (Millions $) 1,048
 Shares Outstanding (Millions) 119
 Employees 2,420
 Revenues (TTM) (Millions $) 579
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 61
 Capital Exp. (TTM) (Millions $) 15

Daktronics Inc

Daktronics Inc. is the world’s leading supplier of electronic scoreboards, large electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. We serve our customers by providing the highest quality standard display products as well as custom-designed and integrated systems. We offer a complete line of products, from small scoreboards and electronic displays to large multi-million dollar video display systems as well as related control, timing, and sound systems. We are recognized as a technical leader with the capabilities to design, market, manufacture, install and service complete integrated systems displaying real-time data, graphics, animation and video.

We were founded in 1968 by Drs. Aelred Kurtenbach and Duane Sander, professors of electrical engineering at South Dakota State University in Brookings, South Dakota. The Company began with the design and manufacture of electronic voting systems for state legislatures. In 1971, Daktronics developed the patented Matside® wrestling scoreboard, the first product in the Companys growing and evolving line. In 1994, Daktronics became a publicly traded company, offering shares under the symbol DAKT on the NASDAQ National Market system. Today, Daktronics has grown from a small company operating out of a garage to the world leader, offering the most complete product lineup in the display industry.

We are engaged in a full range of activities: marketing and sales, engineering and product development, manufacturing, technical contracting, professional services and customer service and support. Each of those activities is described below:

Marketing and Sales. Our sales force is comprised of direct sales staff and resellers located throughout the world supporting all customer types in both sales and service. We primarily use a direct sales force for large integrated display systems sales in professional sports, colleges and universities, and commercial spectacular projects. We use our direct sales force to sell third-party advertising and transportation applications. We utilize resellers outside North America for large integrated system sales where we do not have a direct sales presence. The majority of the products sold by resellers in North America are standard catalog products. We support our resellers through direct mail advertising, trade journal advertising, product and installation training, trade show exhibitions and accessibility to our regional sales or service teams.

Engineering and Product Development. The large format electronic display industry is characterized by ongoing product innovations and developments in technology and complementary services. To remain competitive, we have a tradition of applying engineering resources throughout our business to anticipate and respond rapidly to the system needs in the marketplace. We employ engineers and technicians in the areas of mechanical and electrical design; applications engineering; software design; and customer and product support. We assign product managers to each product family to assist our sales staff in training and implementing product improvements which ensures each product is designed for maximum reliability and serviceability.

Manufacturing. A majority of our products are manufactured in South Dakota and Minnesota in the United States.

Our manufacturing is aligned with our business segments and is co-located with product development to accelerate technology improvements and improve our cost structure. We perform component manufacturing and system manufacturing (metal fabrication, electronic assembly, sub-assembly and final assembly) and testing in-house for most of our products to control quality, improve response time and maximize cost-effectiveness. We make our products in focused factories and product cells. We generally align sales, marketing, engineering and manufacturing into a cohesive business unit with a focus on customers. Given the cyclical nature of some parts of our business, we also need to balance and maintain our ability to manufacture the same products across our plants so we can smooth out the customer demand of the various business units. A key strategy of ours is to increase standardization and commonality of parts and manufacturing processes across product lines through product platform strategies.

Our manufacturing facilities have embraced lean manufacturing techniques throughout all areas. We have also placed significant emphasis on lean techniques in the non-manufacturing areas. Our goal is to eliminate waste and timely deliver products to a customer while maintaining minimal inventory and eliminating non-value added tasks.

Technical Contracting. We serve as a technical contractor for larger display system installations requiring custom designs and innovative product solutions. The purchase of display systems typically involves competitive proposals. As part of our response to a proposal request, we may suggest additional products or features to assist the prospective customer in analyzing the optimal type of display system. We usually include in our proposal site preparation and installation services related to the display system. In these cases, we serve as a contractor and may retain subcontractors for electrical, steel and installation labor. We have developed relationships with many subcontractors throughout the United States and the world, which is an advantage for us in bidding and delivering on these projects. We are licensed in a number of jurisdictions as a general contractor.

Professional Services. Our professional services are essential to continued market penetration and growth. Professional services we provide include event support, content creation, product maintenance, marketing assistance, training on hardware and software, control room design, and continuing technical support for operators.

Customer Service and Support. We offer limited warranties on our products, ranging from one to 10 years, against failure due to defective parts or workmanship. In addition, we offer service agreements of various scopes. To serve our customers we provide help-desk access, parts repair and replacement, display monitoring and on-site support. Our technical help desk has experienced technicians who are on-call 24 hours a day to support events and sites. Our field service personnel and third-party service partners are trained to provide on-site support. We use third-party service partners to allow us to respond to changes in volume of service during our seasonal peaks.

   Company Address: 201 Daktronics Drive Brookings 57006 SD
   Company Phone Number: 692-0200   Stock Exchange / Ticker: NASDAQ DAKT
   DAKT is expected to report next financial results on March 12, 2024.


Stock Performances by Major Competitors

5 Days Decrease / Increase
CE        2.22% 
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HON        0.53% 
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Daktronics Inc

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 $3.713 million reported in the same period a year ago.

Product Service News

Detroit Tigers and Daktronics Score a Home Run: Unveiling Baseball's Second Biggest Video Display for an Unmatched Fan Experience at Comerica Park

Published Fri, Dec 15 2023 3:00 PM UTC

Detroit Tigers Set to Thrill Fans with Second-Largest Video Display in Baseball: Daktronics Revolutionizes Fan Experience at Comerica Park
The Detroit Tigers have geared up to level up the fan experience at the Comerica Park for the upcoming 2024 baseball season. They have joined forces with Daktronics, the leading manufacturer of dynamic visual communication and s...

Daktronics Inc

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 contemporaries in the Miscellaneous Manufacturing sector, which saw an average revenue advance of 4.72% during the same period.

Daktronics Inc

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 deficit of $-5.326 million in the same reporting season a year ago.

Daktronics Inc

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

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 trend for the company, indicating growing demand or successful marketing strategies.


Daktronics Inc's Segments
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