Daktronics Inc
NASDAQ:DAKT

  • LAST PRICE
    9.0900
  • TODAY'S CHANGE (%)
    0.0300 (0.3311%)
  • Bid / Lots
    8.6700/ 3
  • Ask / Lots
    9.3500/ 2
  • Open / Previous Close
    9.0800 / 9.0600
  • Day Range
    8.9900
    9.4200
  • 52 Week Range
    1.4600
    10.2700
  • Volume
    526,822

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  • Sep 6, 2023

      Show headlines and story abstract

    • 8:31AM ET on Wednesday Sep 06, 2023 by Dow Jones
      Companies Mentioned: DAKT

      0831 ET - Daktronics got a demand boost in F1Q as high schools around the country prepared for the return of fall football. The Brookings, S.D.-based maker of electronic scoreboards posts a 35% jump in sales as the company worked through its backlog of orders, especially from high schools. Shares climb 16% to $9.72 in premarket trading. (Will.Feuer@wsj.com; @WillFOIA)

    • 8:19AM ET on Wednesday Sep 06, 2023 by Dow Jones
      Companies Mentioned: DAKT

      By Will Feuer

      Shares of Daktronics rose after the electronic scoreboard maker posted a big sales jump in the recently ended quarter, citing rebounding demand from high schools ahead of football season as well as from the live-events industry.

    • 7:39AM ET on Wednesday Sep 06, 2023 by MT Newswires
      Companies Mentioned: DAKT
      07:39 AM EDT, 09/06/2023 (MT Newswires) -- ...

    • 7:30AM ET on Wednesday Sep 06, 2023 by GlobeNewswire
      Companies Mentioned: DAKT

    • 7:30AM ET on Wednesday Sep 06, 2023 by Dow Jones
      Companies Mentioned: DAKT
      (in thousands) 2023 2022 Change Change -------- -------- --------- --------- Net Sales: Commercial $ 46,883 $ 40,118 $ 6,765 16.9 % Live Events 91,999 56,383 35,616 63.2 High School Park and Recreation 56,234 35,809 20,425 57.0 Transportation 21,369 19,540 1,829 9.4 International 16,046 20,070 (4,024) (20.0) ------- ------- ------- ----- $232,531 $171,920 $ 60,611 35.3 % ======= ======= ======= ===== Orders: (1) Commercial $ 32,434 $ 47,678 $(15,244) (32.0)% Live Events 52,203 51,753 450 0.9 High School Park and Recreation 35,739 37,579 (1,840) (4.9) Transportation 18,985 15,704 3,281 20.9 International 19,269 17,509 1,760 10.1 ------- ------- ------- ----- $158,630 $170,223 $(11,593) (6.8)% ======= ======= ======= ===== Reconciliation of Free Cash Flow(*) (in thousands) (unaudited) Three Months Ended ------------------------ July 29, July 30, 2023 2022 ----------- ----------- Net cash provided by (used in) operating activities $ 19,250 $(22,815) Purchases of property and equipment (4,547) (10,655) Proceeds from sales of property and equipment 27 365 ------ ------- Free cash flow $ 14,730 $(33,105) ====== ======= -- In evaluating its business, Daktronics considers and uses free cash flow as a key measure of its operating performance. The term free cash flow is not defined under accounting principles generally accepted in the United States of America ("GAAP") and is not a measure of operating income, cash flows from operating activities or other GAAP figures and should not be considered alternatives to those computations. Free cash flow is intended to provide information that may be useful for investors when assessing period to period results. Reconciliation of Adjusted Net Income (loss)* (in thousands) (unaudited) Three Months Ended July 29, July 30, 2023 2022 ------------ ---------- Net income (loss) $ 19,196 $(5,326) Change in fair value of convertible note 7,260 -- Debt issuance costs expensed due to fair value of convertible note, net of taxes 2,290 -- --- ------- ------ Adjusted net income (loss) $ 28,746 $(5,326) === ======= ====== -- Adjusted net income. We disclose adjusted net income as a non-GAAP financial measurement in order to report our results exclusive of items that are non-recurring or not core to our operating business. We believe presenting this non-GAAP financial measurements provides investors with a consistent way to analyze our performance.

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