Daktronics (DAKT) Stock

CHARLESTON, S.C.--(BUSINESS WIRE)--Breach Inlet Capital, LP, an investment firm focused on underfollowed and misunderstood small cap equities, today issued the following letter to the Board of Directors of Daktronics, Inc. (NASDAQ: DAKT). The full text of the letter follows: December 17, 2024 Daktronics, Inc. 201 Daktronics Drive Brookings, South Dakota 57006 Attention: Board of Directors Dear Members of the Board: Breach Inlet Capital, LP (together with its affiliates, “Breach Inlet Capital” o.

Highlights Alta Fox's Self-Serving Campaign to Pressure the Daktronics Board into Taking Actions that Would Favor Alta Fox as a Creditor Highlights Alta Fox's Self-Serving Campaign to Pressure the Daktronics Board into Taking Actions that Would Favor Alta Fox as a Creditor

Daktronics shares are up nearly 20% following the Q2 earnings release. Although sales growth was strong, order growth came in below expectations, and operating margins were pressured by one-time expenses. Though future growth expectations remain modest, there is substantial upside potential in margin improvement, particularly with the rollout of digital product offerings.

BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (Nasdaq: DAKT), a leading global designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide today announced that Reece Kurtenbach, Chief Executive Officer and Sheila Anderson, Chief Financial Officer will be presenting at The Benchmark Company's 13th Annual Discovery One-on-One Investor Conference to be held Wednesday, December 11th, 2024 at the New York Athletic Club in New York City.

Shares of Daktronics (DAKT 12.62%) surged higher on Wednesday, powered by an impressive earnings report. The stock rose as much as 21.3% in the early morning, settling back to a 14.1% gain by 1:35 p.m.

Daktronics, Inc. (NASDAQ:DAKT ) Q2 2024 Earnings Conference Call December 4, 2024 11:00 AM ET Company Participants Carla Gatzke - Corporate Secretary Reece Kurtenbach - Chief Executive Officer Sheila Anderson - Chief Financial Officer and Treasurer Conference Call Participants Anja Soderstrom - Sidoti Mac Furst - Singular Research Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Daktronics Second Quarter Fiscal Year 2025 Financial Results Conference Call.

Daktronics (DAKT) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.28 per share a year ago.

BROOKINGS, S.D., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today reported results for its fiscal 2025 second quarter which ended October 26, 2024.

BROOKINGS, S.D., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that, after careful deliberation, the Board of Directors (the “Board”) has determined that it is in the best interests of the Company and its common shareholders to exercise the Company's right to convert an initial $7.0 million in face value of the $25 million senior second lien secured promissory note (the “Convertible Note”) held by Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox”) into approximately 1.1 million shares of the Company's common stock.