Welcome to our dedicated page for Daktronics news (Ticker: DAKT), a resource for investors and traders seeking the latest updates and insights on Daktronics stock.
Daktronics Inc (NASDAQ: DAKT) is a global leader in designing and manufacturing electronic scoreboards, programmable display systems, and large-screen video displays for a multitude of applications including sports, commercial, and transportation sectors. Founded in 1968, the company was initially created to provide career opportunities for South Dakota college graduates and has since expanded its vision and operations worldwide.
Product and Service Offerings
Daktronics offers a comprehensive range of products and services that include:
- Electronic scoreboards for high school, collegiate, and professional sports teams.
- Large-screen video displays for stadiums and arenas.
- Programmable display systems for commercial advertising and transportation information.
- Audio systems to complement visual displays.
- Control systems for seamless management of multimedia content.
Market Segments
The company operates through five reportable segments:
- Commercial: Digital billboards, message displays, and LED signs for businesses and advertising.
- Live Events: Scoreboards and video displays for sports venues.
- High School Park and Recreation: Scoreboards and display systems for educational institutions and local sports facilities.
- Transportation: LED displays providing information at airports, train stations, and highways.
- International: Operations outside the United States catering to a global audience.
Recent Achievements
Daktronics has recently installed a curved, HDR-capable display at Gillette Stadium, enhancing the in-stadium experience for New England Patriots and New England Revolution fans. Another notable project includes the new six-display LED system at Comerica Park, which will significantly improve the fan experience for Detroit Tigers' supporters.
Financial Performance
The company generates most of its revenue from live events and has a strong presence in the professional sports market, integrating LED systems in over 50% of all professional sports facilities in the United States and Canada.
Global Reach and Partnerships
Daktronics has a robust global presence, providing critical display technology in nearly 100 countries. Their partnerships extend across various industries, ensuring the delivery of vital information and entertainment to millions of people daily, whether at airports, highways, or sports arenas.
For more information, visit the company's website at: www.daktronics.com or contact their investor relations team.
Daktronics Inc (NASDAQ: DAKT) has announced the next phase of its ongoing business transformation plan aimed at accelerating profitable growth, increasing profit margins, and driving returns consistently in the mid-to-high teens. The company has formed an internal Business Transformation Office (BTO) and an ad hoc transformation committee of the Board to oversee execution of strategic initiatives.
Key points include:
- Board initiates search for a new Chief Financial Officer
- Sheila Anderson appointed to new role of Chief Data and Analytics Officer
- Company evaluating opportunities to use and potentially augment its $29 million share repurchase authorization
- Expects Q2 fiscal 2025 revenue, gross profit, and operating income to be in line with analyst consensus
The company aims to grow revenue faster than its addressable market, expand operating margins, and generate returns on capital consistently above its cost of capital.
The Miami HEAT have partnered with Daktronics (NASDAQ: DAKT) to create the first-ever Flame Ball centerhung at Kaseya Center, Miami. The new installation features 61 LED displays covering over 11,000 square feet of digital canvas, a 585% increase from previous displays. The system boasts 72 million pixels, powered by Daktronics Show Control. The centerhung itself has 55 million pixels and 7,440 square feet of digital canvas, with the Flame Ball contributing 2,525 square feet. Additional displays installed in 2023 include corner displays, event floor clocks, basket stanchion displays, and vomitory displays. Daktronics' Camino control system enhances functionality, allowing for dynamic, real-time content rendering.
Daktronics Inc. (DAKT), a global leader in video display systems, has announced its participation in the Sidoti September Virtual Investor Conference on September 18-19, 2024. Sheila Anderson, the company's CFO, will present on September 18 at 10:00am ET and host one-on-one meetings with investors.
The presentation will be accessible via a live webinar, with registration open to both Sidoti clients and non-clients at no cost. Investors can sign up for the presentation or schedule one-on-one meetings through the Sidoti website. For those unable to attend live, a replay of the webcast will be made available on Daktronics' website.
This event provides an opportunity for investors to gain insights into Daktronics' operations and future prospects directly from the company's financial leadership.
Daktronics (NASDAQ:DAKT) reported solid results for Q1 fiscal 2025. Sales reached $226.1 million, up 4.7% sequentially. Gross profit margin improved to 26.4%, and operating income increased 16.9% to $22.7 million. Despite a non-cash debt fair value adjustment causing a net loss, adjusted net income was $16.6 million. The company saw year-over-year order growth of 11.1%, driven by rebounds in Commercial, High School Parks and Recreation, and Transportation segments. Daktronics maintains a strong financial position with $97.2 million in cash and marketable securities. The company is progressing with its digital transformation and product innovation initiatives, expecting higher orders and normalized seasonality in fiscal 2025.
Daktronics (NASDAQ: DAKT) has announced the upcoming release of its first quarter fiscal 2025 financial results. The company will disclose these results on Wednesday, September 4, 2024, before the market opens. Following the release, Daktronics will host a conference call and webcast at 10:00 AM CT on the same day.
The conference call will be led by Reece A. Kurtenbach, Chief Executive Officer, and Sheila M. Anderson, Chief Financial Officer. This event provides an opportunity for investors and interested parties to gain insights into Daktronics' financial performance and future outlook.
Daktronics (NASDAQ-DAKT) has been chosen by Crypto.com Arena in Los Angeles to install a new center-hung scoreboard. The impressive display features six screens with a total of 41.7 million pixels across 5,500 square feet. Installation began on August 1 and was completed by August 14, working around the arena's busy schedule.
The main video display wraps around the structure with 3.9-millimeter pixel spacing, measuring 27 feet high by 170.5 feet in circumference. A unique bottom display and four underbelly displays complement the main screen. The system is controlled by Daktronics' custom software, including Show Control with Camino and Venus Control Suite, offering advanced functionality for dynamic content creation.
Daktronics, the leading designer and manufacturer of dynamic video communication displays, announced record revenues of $215.9 million for Q4 2024, up 2.9% YOY, and $818.1 million for the fiscal year, up 8.5% YOY. Gross profit margins also improved, with Q4 margins at 25.7% and fiscal year margins at 27.2%, the highest since 2009. Operating income saw a 6.4% increase in Q4 to $19.4 million and a fourfold increase for the fiscal year to $87.1 million. Despite a reduction in backlog to $316.9 million, new product orders increased by 14.6% for Q4 and 8.7% for the year. The company generated $63.2 million from operations and used $17 million for capital expenditures, ending the year with $81.7 million in cash and $54.7 million in long-term debt. Daktronics is focusing on digital transformation in fiscal 2025 to enhance profitability and customer satisfaction.
Daktronics (Nasdaq: DAKT) will release its fourth quarter fiscal 2024 financial results on June 26, 2024, before the market opens. The company will hold a conference call and webcast at 10:00 AM CT on the same day, hosted by CEO Reece A. Kurtenbach and CFO Sheila M. Anderson.
Investors can expect detailed insights into the company's financial performance for the quarter, including revenue, earnings per share (EPS), and future guidance. Participants can access the webcast through the company's investor relations page.
This announcement is significant for shareholders and potential investors who are keen on understanding the company's financial health and future prospects.
Daktronics (NASDAQ: DAKT) has introduced its latest Flip-Chip COB LED display technology. This new addition to the Narrow Pixel Pitch (NPP) product family features pixel spacings from 1.8mm to 0.9mm and boasts increased durability, reliability, and lower power consumption. The Flip-Chip COB LEDs are designed to reduce heat, eliminate wire bonds for enhanced reliability, and feature a thin, lightweight cabinet design for easy installation. The technology ensures high-contrast, vibrant colors, and is robust against impact, moisture, dust, and static. The product caters to various brightness needs, suitable for environments with indirect sunlight. Daktronics is leveraging its extensive experience to ensure the longevity and success of this product.
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