Daktronics has strong leadership positions in, and is the world's largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit.
Company profile
Ticker
DAKT
Exchange
Website
CEO
Reece Kurtenbach
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Hillenbrand • Brady • Array • PlayAGS • Summer Infant • Global Consumer Acquisition • Oil-Dri Corp. Of America • Shapeways • Amcor • Multi Ways ...
SEC CIK
Corporate docs
Subsidiaries
Daktronics Canada, Inc. • Daktronics, GmbH • Daktronics UK, Ltd. • Daktronics Shanghai Co., Ltd. • Daktronics France SARL • Daktronics Australia Pty Ltd. • Daktronics Installation, Inc. • Daktronics Japan, Inc. • Daktronics HK Limited • Daktronics (International) Limited ...
IRS number
460306862
DAKT stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
12 May 23
8-K
Daktronics, Inc. Strengthens Financial Position by Securing
11 May 23
8-K
Entry into a Material Definitive Agreement
20 Mar 23
10-Q
2023 Q3
Quarterly report
13 Mar 23
8-K
Daktronics, Inc. Announces 2023 Fiscal Third Quarter Results
8 Mar 23
8-K
February 2023 / Confidential INVESTOR PRESENTATION
23 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
30 Jan 23
8-K
Daktronics Reaches Agreement to Extend Near-Term Credit Facility Maturity
25 Jan 23
8-K
Regulation FD Disclosure
19 Dec 22
8-K
Entry into a Material Definitive Agreement
13 Dec 22
Transcripts
DAKT
Earnings call transcript
2010 Q1
19 Jan 38
DAKT
Earnings call transcript
2023 Q3
8 Mar 23
DAKT
Earnings call transcript
2023 Q2
12 Dec 22
DAKT
Earnings call transcript
2022 Q4
8 Jun 22
DAKT
Earnings call transcript
2022 Q2
1 Dec 21
DAKT
Earnings call transcript
2021 Q4
9 Jun 21
DAKT
Earnings call transcript
2021 Q2
2 Dec 20
DAKT
Earnings call transcript
2020 Q4
10 Jun 20
DAKT
Earnings call transcript
2020 Q2
27 Nov 19
DAKT
Earnings call transcript
2020 Q1
28 Aug 19
Latest ownership filings
SC 13D/A
Alta Fox Opportunities Fund, LP
15 May 23
SC 13D/A
Alta Fox Opportunities Fund, LP
21 Mar 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13D
Alta Fox Opportunities Fund, LP
26 Jan 23
11-K
Annual report of employee stock purchases
28 Oct 22
NT 11-K
Notice of inability to timely file Form 11-K
27 Oct 22
4
Bradley T Wiemann
17 Oct 22
4
Andrew David Siegel
26 Sep 22
4
Andrew David Siegel
26 Sep 22
4
Andrew David Siegel
26 Sep 22
Financial summary
| Quarter (USD) | Jan 23 | Oct 22 | Jul 22 | Apr 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Apr 22 | May 21 | May 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 10.73 mm | 10.73 mm | 10.73 mm | 10.73 mm | 10.73 mm | 10.73 mm |
| Cash burn (monthly) | (no burn) | 1.75 mm | (no burn) | (no burn) | (no burn) | 921.50 k |
| Cash used (since last report) | n/a | 7.06 mm | n/a | n/a | n/a | 3.72 mm |
| Cash remaining | n/a | 3.67 mm | n/a | n/a | n/a | 7.01 mm |
| Runway (months of cash) | n/a | 2.1 | n/a | n/a | n/a | 7.6 |
Institutional ownership, Q1 2023
45.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 86 |
| Opened positions | 18 |
| Closed positions | 13 |
| Increased positions | 22 |
| Reduced positions | 24 |
| 13F shares | Current |
|---|---|
| Total value | 86.52 bn |
| Total shares | 20.73 mm |
| Total puts | 47.20 k |
| Total calls | 133.40 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Alta Fox Opportunities Fund | 2.74 mm | $0.00 |
| Alta Fox Capital Management | 2.74 mm | $15.56 bn |
| Dimensional Fund Advisors | 2.24 mm | $12.71 bn |
| Vanguard | 1.99 mm | $11.26 bn |
| Acadian Asset Management | 1.30 mm | $7.38 mm |
| Renaissance Technologies | 874.10 k | $4.96 mm |
| BEN Franklin Resources | 814.66 k | $4.62 bn |
| BLK Blackrock | 729.59 k | $4.14 bn |
| Kovack Advisors | 620.20 k | $3.52 bn |
| D. E. Shaw & Co. | 602.59 k | $3.42 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Oct 22 | Bradley T Wiemann | Common Stock | Buy | Acquire P | No | No | 2.7858 | 25,000 | 69.65 k | 130,444.964 |
| 20 Sep 22 | Andrew David Siegel | Common Stock | Buy | Acquire P | Yes | No | 2.9 | 13,217 | 38.33 k | 1,265,392 |
| 15 Sep 22 | Andrew David Siegel | Common Stock | Buy | Acquire P | Yes | No | 2.9397 | 1,958 | 5.76 k | 1,252,175 |
| 14 Sep 22 | Andrew David Siegel | Common Stock | Buy | Acquire P | Yes | No | 2.9386 | 8,042 | 23.63 k | 1,250,217 |
| 8 Sep 22 | Matthew John Kurtenbach | Incentive Stock Options Common Stock | Grant | Acquire A | No | No | 3.02 | 11,250 | 33.98 k | 80,000 |
| 8 Sep 22 | Matthew John Kurtenbach | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,500 | 0.00 | 7,500 |
News
Daktronics, Inc. Strengthens Financial Position By Securing $100M In Capital Commitments
11 May 23
Top 5 Tech Stocks That May Fall Off A Cliff This Quarter
24 Mar 23
10 Information Technology Stocks Whale Activity In Today's Session
23 Mar 23
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
8 Mar 23
Daktronics Q3 EPS $0.08 Up From $(0.10) YoY, Sales $184.97M Beat $164.68M Estimate
8 Mar 23
Press releases
Denver Broncos Add to Game-Day Experience with 24,500 Square Feet of LED Displays from Daktronics in 2023
25 May 23
Daktronics, Inc. Strengthens Financial Position by Securing $100 Million In Capital Commitments
11 May 23
Green Bay Packers Select Daktronics to Deliver High-Resolution Experience at Lambeau Field
3 Apr 23
Lifshitz Law PLLC Announces Investigations of Twist Bioscience Corporation (NASDAQ: TWST), Sunlight Financial Holdings Inc. (NYSE: SUNL), Gaia, Inc. (NASDAQ: GAIA), and Daktronics, Inc. (NASDAQ: DAKT)
17 Mar 23
Daktronics, Inc. Announces 2023 Fiscal Third Quarter Results
8 Mar 23