Try Alerts Free   |   Login
Technology › Miscellaneous Manufacturing Industries

DAKT Price Correlated With Financials For Daktronics

Free historical financial statements for Daktronics Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2011. Compare with DAKT stock chart to see long term trends.

DAKT Stock Compared to Quarterly

DAKT Income Statement

Revenue, Net:162203000
Revenue Per Share:3.5895
Cost of Goods & Services Sold:132266000
Gross Profit:29937000
Selling, General & Admin Expense:null
Research & Development Expense:7730000
Total Operating Expenses:30256000
Operating Income:418000
Income Taxes:1774000
Net Income:-1117000
Earnings Per Share, Basic:-0.02
Shares Outstanding, Basic Avg:45188000

DAKT Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:3850000
Net Cash from Operations:-1571000
Net Cash from Operations Per Share:-0.0348
Net Cash from Financing Activities:-185000
Property, Plant & Equipment Purchases:10352000
Net Cash from Investing Activities:-11458000
Net Change in Cash & Equivalents:-13711000

DAKT Balance Sheet

Cash and Cash Equivalents:18008000
Accounts Receivable, Net:101099000
Inventories:134392000
Total Current Assets:317570000
Property, Plant & Equipment, Net:66765000
Total Assets:440876000
Accounts Payable:76313000
Total Short-Term Liabilities:213694000

Insider Trading

 
Change
Value
Transaction
SEC Form 4
Kurtenbach Reece A   Chairman, President and CEO
15,000 sh at $3
$44,844
Buy

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Blackrock Inc.
2,970,533 sh
186,636 sh
7%
$11,406
-$2,652
Dimensional Fund Advisors LP
2,362,963 sh
6,166 sh
0%
$9,074
-$2,828
Vanguard Group Inc
2,179,051 sh
368,099 sh
20%
$8,368
-$778
Acadian Asset Management LLC
1,775,630 sh
435,827 sh
33%
$6,815
$54
Renaissance Technologies LLC
1,360,404 sh
100,156 sh
8%
$5,224
-$1,140
First Bank & Trust
1,205,988 sh
334,492 sh
38%
$4,619
$218
Franklin Resources Inc
633,012 sh
 
$2,431
Geode Capital Management, LLC
632,738 sh
-3,111 sh
0%
$2,429
-$782
Private Advisor Group, LLC
612,050 sh
612,050 sh
NEW
$2,350
$2,350
Fuller & Thaler Asset Management, Inc.
386,897 sh
74,156 sh
24%
$1,486
-$93
Lesa Sroufe & Co
371,875 sh
191,705 sh
106%
$1,822
$912
First Personal Financial Services
338,113 sh
2,249 sh
1%
$1,298
-$398
Northern Trust Corp
337,000 sh
-15,502 sh
-4%
$1,294
-$487
Deutsche Bank Ag\
285,994 sh
-2,364 sh
-1%
$1,098
-$358
Morgan Stanley
254,272 sh
-189,073 sh
-43%
$976
-$1,263
Arrowstreet Capital, Limited Partnership
193,965 sh
-294,970 sh
-60%
$745
-$1,724
Bank Of New York Mellon Corp
179,111 sh
759 sh
0%
$688
-$213
Globeflex Capital L P
169,715 sh
 
$652
Strs Ohio
165,600 sh
26,700 sh
19%
$635
-$66
MONEY CONCEPTS CAPITAL CORP
150,855 sh
5,538 sh
4%
$579
-$155
COMPANY PROFILE
Note 1. Nature of Business and Summary of Significant Accounting Policies

Nature of business : Daktronics, Inc. and its subsidiaries are engaged principally in the design, market, and manufacture of a wide range of integrated electronic display systems and related products which are sold in a variety of markets throughout the world and the rendering of related maintenance and professional services. Our products are designed primarily to inform and entertain people through the communication of content.

Fiscal year : We operate 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 years ended May 1, 2021 and April 27, 2019 contained operating results for 52 weeks, while the fiscal year ended May 2, 2020 contained operating results for 53 weeks.

Principles of consolidation : The consolidated financial statements include Daktronics, Inc. and its subsidiaries. All intercompany accounts and transactions are eliminated in consolidation.

Investments in affiliates : Investments in affiliates over which we have significant influence are accounted for under the equity method of accounting, recording the investment at cost and then subsequently adjusting to account for our share of the affiliates' profit or losses, in accordance with the provisions of Accounting Standards Codification ("ASC") 323, Investments - Equity Method and Joint Ventures. Investments in affiliates over which we do not have the ability to exert significant influence over the affiliates' operating and financing activities are accounted for under the cost method of accounting, recording the investment at cost and then subsequently adjusting for any changes in ownership or dividends in accordance with the provisions of ASC 321, Investments - Equity Securities. We have evaluated our relationships with our affiliates and have determined that these entities are not variable interest entities. Cash paid for investments in affiliates and loans to affiliates are included in the "Purchases of and loans to equity investment" line item in our consolidated statements of cash flows. Equity method investments as a whole are assessed for other-than-temporary impairments whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. During the fourth quarter of fiscal 2020, we participated in a Series A investment in X Display Company ("XDC"). XDC creates and owns leading intellectual property (IP) and capabilities in microLED mass transfer technology. This investment will support XDC’s further development in microLED capabilities and applications. MicroLED technologies support Daktronics’ line of narrow pixel pitch LED displays and will enable solutions to move into the realm of less than 1 -millimeter pixel spacing. During the fourth quarter of fiscal 2021, we invested an additional $5,000, which resulted in a 16.4 percent ownership in XDC. XDC is accounted for under the equity method of accounting. The aggregate amount of investments accounted for under the equity method was $19,887 and $17,257 at May 1, 2021 and May 2, 2020, respectively. Our proportional share of the respective affiliates' earnings or losses is included in the "Other (expense) income, net" line item in our consolidated statements of operations. For fiscal years 2021, 2020, and 2019, our share of the losses of our affiliates was $2,370, $741, and $844, respectively. We purchased services for research and development activities from our equity method investments. The total of these related party transactions for fiscal 2021 was $460, which was incl

Data imported from Daktronics Inc SEC filings. Check original filings before making any investment decision.