Company profile

Ticker
DAKT
Exchange
CEO
Reece Allen Kurtenbach
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
460306862

DAKT stock data

(
)

Calendar

28 Aug 20
30 Sep 20
1 May 21

News

Quarter (USD) Aug 20 Feb 20 Nov 19 Aug 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) May 20 Apr 19 Apr 18 Apr 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Daktronics earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
3 Sep 20 Robert G Dutcher Common Stock Grant Aquire A No 0 13,990 0 70,978
3 Sep 20 Anderson Sheila Mae RSU Common Stock Grant Aquire A No 0 2,500 0 7,800
3 Sep 20 Anderson Sheila Mae Incentive Stock Option Common Stock Grant Aquire A No 4.11 12,500 51.38K 78,315
3 Sep 20 Byron J Anderson Common Stock Grant Aquire A No 0 13,990 0 62,152
3 Sep 20 Matthew John Kurtenbach RSU Common Stock Grant Aquire A No 0 2,500 0 7,800
3 Sep 20 Matthew John Kurtenbach NQSO Common Stock Grant Aquire A No 4.11 12,500 51.38K 90,655
3 Sep 20 Carla S Gatzke RSU Common Stock Grant Aquire A No 0 2,500 0 7,650
3 Sep 20 Carla S Gatzke NQSO Common Stock Grant Aquire A No 4.11 12,500 51.38K 86,305
59.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 128 130 -1.5%
Opened positions 15 13 +15.4%
Closed positions 17 18 -5.6%
Increased positions 36 41 -12.2%
Reduced positions 47 44 +6.8%
13F shares
Current Prev Q Change
Total value 126.01M 514.26M -75.5%
Total shares 26.39M 25.83M +2.2%
Total puts 15.3K 55.2K -72.3%
Total calls 48.7K 0 NEW
Total put/call ratio 0.3 Infinity NaN%
Largest owners
Shares Value Change
BLK BlackRock 5.97M $25.99M -2.7%
Vanguard 3.14M $13.65M +5.0%
Dimensional Fund Advisors 2.79M $12.13M -2.8%
Renaissance Technologies 1.3M $5.65M +3.6%
STT State Street 1.26M $5.47M -2.1%
First Bank & Trust 1.05M $4.57M +27.9%
Assenagon Asset Management 696.7K $3.03M NEW
Geode Capital Management 558.89K $2.43M +4.3%
Investors Financial 516.35K $2.25M -13.9%
NTRS Northern Trust 473.15K $2.06M -4.3%
Largest transactions
Shares Bought/sold Change
Assenagon Asset Management 696.7K +696.7K NEW
WINTON 467.1K +366.93K +366.3%
MS Morgan Stanley 131.08K -292.44K -69.1%
First Bank & Trust 1.05M +229.2K +27.9%
Acadian Asset Management 351.96K +192.85K +121.2%
BK Bank of New York Mellon 385.29K -175.93K -31.3%
BLK BlackRock 5.97M -165.61K -2.7%
Vanguard 3.14M +150.58K +5.0%
Arrowstreet Capital, Limited Partnership 342.91K +129.78K +60.9%
IVZ Invesco 411.16K -108.17K -20.8%

Financial report summary

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Risks
  • Pandemics, including the coronavirus ("COVID-19") pandemic, could have a material adverse effect on our operations, liquidity, financial condition, and financial results.
  • We operate in highly competitive markets and face significant competition and pricing pressure. If we are unable to keep up with the rapidly changing product developments or to compete effectively, we could lose market share as well as limited and uniquely configured orders, which could negatively impact our results of operations.
  • Our results of operations on a quarterly and annual basis have and are likely to fluctuate and be substantially affected by the size and timing of large contract order awards.
  • Our actual results could differ from the estimates and assumptions we make to prepare our financial statements, which could have a material impact on our financial condition and results of operations.
  • Unanticipated warranty and other costs for defective products could adversely affect our financial condition, results of operations and reputation.
  • We enter into fixed-price contracts, which could reduce our profits if actual costs exceed estimated costs.
  • Backlog may not be indicative of future revenue or profitability.
  • We depend on a single-source or a limited number of suppliers for our raw materials and components from countries around the world. The loss, interruption, or material change in our business relationships with our suppliers could cause a disruption in supply and a substantial increase in the costs of such materials. Such changes could cause harm to our sales, financial condition, and results of operations.
  • If we fail to timely and effectively obtain shipments of raw materials and components from our suppliers or to send shipments of our manufactured product to our customers, our business and operating results could be adversely affected.
  • Price fluctuations in, and shortages of, raw materials, components, and related transportation costs and tariffs can have a significant impact on our price competitiveness and/or ability to produce our products which could cause harm to our sales, financial condition and results of operations.
  • We may depend on third parties to complete our contracts.
  • Unanticipated events resulting in credit losses could have a material adverse impact on our financial results.
  • We may not be able to utilize our capacity efficiently or accurately plan our capacity requirements, which may negatively affect our business and operating results.
  • The terms and conditions of our credit facilities impose restrictions on our operations, and if we default on our credit facilities, it could have a material adverse effect on our results of operations and financial condition and make us vulnerable to adverse economic or industry conditions and cause liquidity issues.
  • The transition away from LIBOR may adversely affect our cost to obtain financing.
  • If we became unable to obtain adequate surety bonding or letters of credit, it could adversely affect our ability to bid on new work, which could have a material adverse effect on our future revenue and business prospects.
  • We may be unable to protect our intellectual property rights effectively, or we may infringe upon the intellectual property of others, either of which may have a material adverse effect on our operating results and financial condition.
  • Weakened global economic conditions may adversely affect our industry, business and results of operations.
  • Unexpected events, including natural disasters and the COVID-19 pandemic, may increase our cost of doing business or disrupt our operations.
  • Our global operations expose us to global regulatory, geopolitical, economic and social changes and add additional risks and uncertainties which can harm our business, operating results, and financial condition.
  • Our future results may be affected by compliance risks related to United States and other countries' anti-bribery and anti-corruption laws, trade controls, economic sanctions, and similar laws and regulations. Our failure to comply with these laws and regulations could subject us to civil, criminal and administrative proceedings or penalties and harm our reputation.
  • Global tax law changes may adversely affect our business, financial condition and results of operations.
  • Acquisitions, partial investments, and divestitures pose financial, management and other risks and challenges.
  • If goodwill or other intangible assets in connection with our acquisitions become impaired, we could take significant non-cash charges against earnings.
  • Our data systems could fail, or their security could be compromised, causing a material adverse effect on our business.
  • Regulation in the areas of privacy, data protection and information security could increase our costs and affect or limit our business opportunities and how we collect or use personal information.
  • We may fail to continue to attract, develop and retain key management personnel, which could negatively impact our operating results.
  • The outcome of pending and future claims, investigations or litigation can have a material adverse impact on our business, financial condition, and results of operations.
  • Our business involves the use of hazardous materials, and we must comply with environmental, health and safety laws and regulations, which can be expensive and restrict how we do business.
  • If our internal controls over financial reporting is found to be ineffective, our financial statements may not be fairly stated, raising concerns for investors and potentially adversely affecting our stock price.
  • The protections we have adopted and to which we are subject may discourage takeover offers favored by our shareholders.
  • Our common stock has at times been thinly traded, which may result in low liquidity and price volatility.
  • Significant changes in the market price of our common stock could result in securities litigation claims against us.
  • There can be no assurance that we will pay dividends on our common stock.
  • Our executive officers, directors and principal shareholders have the ability to significantly influence all matters submitted to our shareholders for approval.
  • Insurance coverage can be difficult or expensive to obtain, and our failure to obtain adequate insurance coverage could adversely affect our financial condition or results of operations.
  • We have been required to conduct a good faith reasonable country of origin analysis on our use of “conflict minerals”, which has imposed and may impose additional costs on us and could raise reputational challenges and other risks.
Management Discussion
  • Daktronics, Inc. operates on a 52- or 53-week fiscal year, with our fiscal year ending on the Saturday closest to April 30 of each year. When April 30 falls on a Wednesday, the fiscal year ends on the preceding Saturday. Within each fiscal year, each quarter is comprised of 13-week periods following the beginning of each fiscal year. In each 53-week year, an additional week is added to the first quarter, and each of the last three quarters is comprised of a 13-week period. The fiscal year ended May 1, 2021 will consist of 52 weeks and the fiscal year ended May 2, 2020 was a 53-week year; therefore, the three months ended August 1, 2020 contains operating results for 13 weeks while the three months ended August 3, 2019 contains operating results for 14 weeks.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accelerate, activity, advanced, alert, alter, announced, assessed, assurance, Australia, Australian, bankruptcy, carefully, cease, challenged, charged, choose, cleaning, comply, confidence, convention, covenant, customary, default, delay, difficult, discharge, discretionary, disease, disruption, distancing, diverse, downturn, duration, employment, exit, failure, favorable, field, force, forecasted, furloughed, furloughing, gather, geopolitical, governmental, grew, health, home, implemented, incentive, Ireland, Job, JobKeeper, Kingdom, length, longevity, member, military, mitigate, monitor, occurrence, offered, offering, outbreak, ownership, pace, pandemic, pay, people, permanency, permanently, preserve, preserving, Prevention, proactive, promote, published, pursuing, quarantine, rapidly, ready, recoverable, reduction, reliant, relief, rely, repayment, response, Retention, retirement, RIF, robust, safely, safety, securitized, shipping, skilled, social, solidify, speed, spread, staffing, stand, subsidy, successful, suffered, suspend, suspended, suspending, sustained, team, temporarily, temporary, uncertain, uncollectible, unearned, virtually, voluntary, voted, wage, workforce, xv, xvi
Removed: acquired, acquisition, adjustment, air, AJT, approach, arising, borrowing, broadcast, clarify, classification, classifying, collaboration, college, combine, commencement, Comparative, comprise, converting, Dakota, developer, direct, discount, dual, employee, equivalent, expedient, finance, forma, funded, grow, hand, implicit, inception, incremental, initially, institution, insurance, July, lease, leased, lessee, minimum, narrow, option, outflow, package, practical, prepaid, principle, pro, pursuant, ranging, rendering, residual, restrictive, retained, SD, season, separating, server, Sioux, slower, South, space, subcontract, substantially, Supplemental, Targeted, transition, transitional, TV, underlying, upgraded, violated, waiver

Patents

GRANT
Design
Display screen with graphical user interface
22 Sep 20
Inventors: Ronald Linares, Yanier Figueras
GRANT
Utility
Encapsulation of light-emitting elements on a display module
18 Aug 20
A display module comprises a circuit board having a front face, a plurality of light-emitting elements electrically coupled to the front face of the circuit board, a polymer encapsulating member adhered to the front face of the circuit board, the polymer encapsulating member substantially covering at least a portion of the circuit board and a portion of the plurality of light-emitting elements, the polymer encapsulating member substantially sealing the portion of the circuit board and the portion of the plurality of light-emitting elements, and an ultraviolet-radiation diminishing component in the polymer encapsulating member or on one or more of at least a portion of the circuit board or at least a portion of each of the light-emitting elements, wherein the ultraviolet-radiation diminishing component filters, blocks, or reflects more ultraviolet radiation than would be filtered, blocked, or reflected by the polymer encapsulating member without the ultraviolet-radiation diminishing component.
APP
Utility
Controller Redundancy for a Display System
11 Jun 20
A display system comprises a plurality of displays each comprising an array of light-emitting elements to display a corresponding message, a primary controller that controls the array of light-emitting elements of each display to control the content of each message, a communication network to transmit control signals from the primary controller to the displays, a remote manager in communication with the primary controller via a primary manager communication link, and a redundant controller configured and able to control the array of light-emitting elements of each display to control the content of each message if it is determined that there is a malfunction of the primary controller, an interruption in the communication network between the primary controller and at least one of the displays, or an interruption in the primary communication link.
GRANT
Utility
Magnetic latch for a display module
19 May 20
The present disclosure provides a display module.
GRANT
Utility
Magnetic latch for a display module
19 May 20
A display module comprises a support structure, a plurality of light-emitting elements mounted to the support structure, and a latch assembly that includes a latch plate comprising a magnetically-engageable material, wherein the latch plate is moveable relative to the module support structure within a range of motion between a first position and a second position.