DAKTRONICS INC /SD/
Business
Daktronics designs, manufactures, and sells electronic display systems and related solutions for sports, commercial, and transportation applications, ranging from scoreboards to large-scale video display systems. The company offers standard products and custom-designed integrated systems incorporating display hardware, control systems, and software, along with professional services and technical support. Operating segments include Commercial, Live Events, High School Park and Recreation, Transportation (all including U.S. and Canada), and International divisions. The company serves customers globally through direct sales, resellers, and AV integrators, with manufacturing capabilities in the United States, China, Ireland, and planned expansion to Mexico.
Summary from 10-K filed 2026-06-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Net sales | 839 | 756 | 818 | 754 | 611 | |
| Cost of sales | 610 | 561 | 596 | 603 | 494 | |
| Gross profit | 229 | 195 | 222 | 151 | 117 | |
| Selling | 65 | 60 | 57 | 57 | 51 | |
| General and administrative | 60 | 63 | 43 | 39 | 33 | |
| Product design and development | 43 | 39 | 36 | 30 | 29 | |
| Operating expenses | 168 | 162 | 135 | 130 | 113 | |
| Operating income | 61 | 33 | 87 | 21 | 4 | |
| Interest income (expense), net | 4 | 1 | −3 | −920,000 | 171,000 | |
| Change in fair value of convertible note | 0 | −23 | −17 | 0 | 0 | |
| Other expense, net | −6 | −18 | −13 | −7 | −3 | |
| Income (loss) before income taxes | 58 | −6 | 54 | 13 | 1 | |
| Income tax expense | 13 | 4 | 19 | 6 | 516,000 | |
| Net income (loss) | 45 | −10 | 35 | 7 | 592,000 | |
| Basic (in shares) | 49 | 48 | 46 | 45 | 45 | |
| Diluted (in shares) | 49 | 48 | 47 | 46 | 45 | |
| Basic (in dollars per share) | 0.93 | −0.21 | 0.75 | 0.15 | 0.01 | |
| Diluted (in dollars per share) | 0.92 | −0.21 | 0.74 | 0.15 | 0.01 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 132 | 128 | 81 | 24 | 17 | |
| Accounts receivable, net | 119 | 93 | 117 | 110 | 101 | |
| Inventories | 110 | 106 | 138 | 149 | 134 | |
| Contract assets | 67 | 41 | 56 | 47 | 42 | |
| Current maturities of long-term receivables | 3 | 2 | 298,000 | 1 | 3 | |
| Prepaid expenses and other current assets | 11 | 9 | 9 | 10 | 15 | |
| Income tax receivables | 6 | 3 | 448,000 | 326,000 | 603,000 | |
| Total current assets | 448 | 381 | 402 | 343 | 318 | |
| Property and equipment, net | 64 | 74 | 72 | 72 | 67 | |
| Long-term receivables, less current maturities | 1 | 1 | 562,000 | 264,000 | 1 | |
| Goodwill | 4 | 3 | 3 | 3 | 8 | |
| Intangibles, net | 3 | 568,000 | 840,000 | 1 | 1 | |
| Debt issuance costs, net | 0 | 1 | 3 | 4 | — | |
| Right of use, investment in affiliates, and other assets | 12 | 9 | 21 | 28 | 32 | |
| Deferred income taxes | 22 | 32 | 26 | 17 | 13 | |
| TOTAL ASSETS | 554 | 503 | 528 | 468 | 441 | |
| Current portion of long-term debt | 1 | 2 | 2 | 0 | — | |
| Accounts payable | 69 | 47 | 61 | 68 | 76 | |
| Contract liabilities | 65 | 69 | 66 | 92 | 90 | |
| Accrued expenses | 45 | 42 | 43 | 36 | 35 | |
| Warranty obligations | 12 | 13 | 17 | 12 | 12 | |
| Income taxes payable | 1 | 375,000 | 5 | 3 | 408,000 | |
| Total current liabilities | 194 | 172 | 192 | 210 | 214 | |
| Long-term warranty obligations | 24 | 23 | 21 | 20 | 17 | |
| Long-term contract liabilities | 21 | 18 | 16 | 13 | 11 | |
| Other long-term obligations | 5 | 7 | 6 | 6 | 7 | |
| Long-term debt, net | 10 | 10 | 53 | 18 | 0 | |
| Deferred income taxes | 22,000 | 85,000 | 143,000 | 195,000 | 287,000 | |
| Total long-term liabilities | 60 | 59 | 97 | 57 | 36 | |
| Preferred Shares, $0.00001 par value, authorized 5,000 shares; no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.00001 par value, authorized 115,000 shares; 53,650 and 53,030 shares issued as of May 2, 2026 and April 26, 2025, respectively | 0 | 0 | 0 | 63 | 62 | |
| Additional paid-in capital | 197 | 190 | 118 | 50 | 48 | |
| Retained earnings | 173 | 128 | 138 | 103 | 97 | |
| Treasury stock, at cost, 5,406 and 3,979 shares as of May 2, 2026 and April 26, 2025, respectively | −65 | −40 | −10 | −10 | −10 | |
| Accumulated other comprehensive loss | −4 | −6 | −7 | −6 | −5 | |
| TOTAL STOCKHOLDERS EQUITY | 301 | 272 | 239 | 201 | 192 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 554 | 503 | 528 | 468 | 441 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-04-30 | FY 2025 2025-04-30 | FY 2024 2024-04-30 | FY 2023 2023-04-30 | FY 2022 2022-04-30 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 19 | 20 | 19 | 17 | 15 | |
| (Gain) loss on sale of property, equipment and other assets | −209,000 | −156,000 | 44,000 | −691,000 | −743,000 | |
| Share-based compensation | 5 | 3 | 2 | 2 | 2 | |
| Equity in loss of affiliates | 2 | 3 | 4 | 3 | 3 | |
| Allowance for credit losses on affiliate loan | 3 | 15 | 0 | 0 | — | |
| Provision (recovery) for doubtful accounts, net | 627,000 | −644,000 | 373,000 | 1 | −286,000 | |
| Deferred income taxes, net | 10 | −6 | −9 | −4 | −2 | |
| Non-cash impairment charges | 0 | 0 | 6 | 9 | 0 | |
| Debt issuance costs write-off | 0 | 0 | 3 | 0 | 0 | |
| Change in operating assets and liabilities | −36 | 51 | −14 | −20 | −45 | |
| Net cash provided by operating activities | 49 | 98 | 63 | 15 | −27 | |
| Purchases of property and equipment | −15 | −19 | −17 | −25 | −20 | |
| Proceeds from sales of property, equipment and other assets | 615,000 | 277,000 | 174,000 | 822,000 | 885,000 | |
| Acquisition, net of cash acquired | 44,000 | 0 | 0 | — | — | |
| Proceeds from sales or maturities of marketable securities | 0 | 0 | 550,000 | 3 | 0 | |
| Loans to equity investees | −5 | −5 | −5 | −4 | −8 | |
| Net cash used in investing activities | −20 | −24 | −21 | −25 | −31 | |
| Borrowings on notes payable | 1 | 0 | 41 | 379 | 47 | |
| Payments on notes payable | −3 | −2 | −19 | −361 | −47 | |
| Debt issuance costs | 0 | 0 | −7 | −991,000 | 0 | |
| Principal payments on long-term obligations | −104,000 | −414,000 | −410,000 | −305,000 | −200,000 | |
| Payments for common shares repurchased | −26 | −29 | 0 | 0 | −3 | |
| Proceeds from exercise of stock options | 2 | 5 | 1 | 21,000 | 8,000 | |
| Tax payments related to RSU issuances | −882,000 | −606,000 | −303,000 | −140,000 | −200,000 | |
| Net cash (used in) provided by financing activities | −26 | −27 | 15 | 18 | −4 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | 794,000 | −653,000 | −69,000 | −522,000 | −399,000 | |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 4 | 46 | 57 | 7 | −62 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DAKTRONICS INC /SD/'s CIK number?
DAKTRONICS INC /SD/'s SEC CIK number is 0000915779 (915779). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DAKTRONICS INC /SD/'s SEC filings?
All of DAKTRONICS INC /SD/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DAKTRONICS INC /SD/ last report earnings?
DAKTRONICS INC /SD/ (DAKT) most recently filed an earnings 8-K with the SEC on Jun 24, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-045034). This is DAKTRONICS INC /SD/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is DAKTRONICS INC /SD/'s most recent earnings 8-K?
DAKTRONICS INC /SD/'s latest earnings 8-K (Item 2.02) was filed Jun 24, 2026 under accession 0001628280-26-045034. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DAKTRONICS INC /SD/'s latest earnings 8-K →
Look up any company's CIK number →