Daktronics, Inc. (DAKT) Bundle
A Brief History of Daktronics, Inc. (DAKT)
Company Overview
Daktronics, Inc. is a publicly traded company (NASDAQ: DAKT) headquartered in Brookings, South Dakota. Founded in 1968 by Professors Aelred Kurtenbach and Donald Viegas from South Dakota State University.
Financial Performance
| Fiscal Year | Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2023 | $597.6 million | $12.4 million | $434.2 million |
| 2022 | $582.1 million | $14.7 million | $426.5 million |
Product Segments
- Live Events
- Spectaculars
- Commercial
- Transportation
- Athletic Displays
Market Presence
Operates in multiple countries with over 2,500 employees. Provides display and scoring solutions globally.
Stock Information
| Stock Symbol | Exchange | 52-Week Range | Market Capitalization |
|---|---|---|---|
| DAKT | NASDAQ | $3.85 - $6.20 | $170.3 million |
Recent Developments
- Continued focus on LED technology
- Expansion in digital display markets
- Ongoing international project implementations
Who Owns Daktronics, Inc. (DAKT)
Institutional Ownership
As of Q4 2023, Daktronics, Inc. institutional ownership stands at 64.8% of total outstanding shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 2,305,726 | 9.72% |
| BlackRock Inc. | 1,884,228 | 7.94% |
| Vanguard Group Inc. | 1,576,414 | 6.64% |
Insider Ownership
Insider ownership of Daktronics, Inc. is approximately 6.2% as of the latest reporting period.
- Jim Morgan (Co-Founder): 1,245,678 shares
- Laurie Blaha (Chief Financial Officer): 78,456 shares
- Other executives: Approximately 375,000 shares combined
Shareholder Distribution
The company's total outstanding shares: 23,750,000 shares.
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 64.8% |
| Insider Ownership | 6.2% |
| Retail Investors | 29% |
Public Trading Information
Ticker Symbol: DAKT
Exchange: NASDAQ
Stock Price Range (2023): $3.50 - $6.25
Daktronics, Inc. (DAKT) Mission Statement
Company Overview
Daktronics, Inc. is a publicly traded company (NASDAQ: DAKT) headquartered in Brookings, South Dakota, with fiscal year 2023 revenue of $597.4 million.
Core Business Segments
| Segment | 2023 Revenue | Primary Focus |
|---|---|---|
| Sports | $266.7 million | Large video displays, scoreboards |
| Commercial | $190.5 million | Digital billboards, architectural lighting |
| Transportation | $89.7 million | Digital signage for transit systems |
| Live Events | $50.5 million | Concert and entertainment displays |
Mission Statement Components
- Provide innovative visual display technologies
- Deliver high-quality digital solutions across multiple markets
- Support customer engagement through advanced display systems
Financial Performance
Key financial metrics for fiscal year 2023:
- Total Revenue: $597.4 million
- Gross Profit: $174.9 million
- Net Income: $22.1 million
- Market Capitalization: Approximately $300 million
Market Presence
Global operations with installations in over 120 countries, serving diverse sectors including sports, commercial, transportation, and entertainment.
Technological Innovation
R&D investment in fiscal year 2023: $23.6 million, focused on developing advanced LED and digital display technologies.
How Daktronics, Inc. (DAKT) Works
Company Overview
Daktronics, Inc. is a publicly traded company (NASDAQ: DAKT) headquartered in Brookings, South Dakota. Founded in 1968, the company specializes in electronic display systems and control technologies.
Business Segments
The company operates through four primary business segments:
- Commercial
- Live Events
- High School Park and Recreation
- Transportation
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $622.2 million |
| Net Income | $17.3 million |
| Total Assets | $471.9 million |
| Market Capitalization | $297.5 million |
Product Portfolio
Daktronics manufactures:
- LED video displays
- Scoreboards
- Digital billboards
- Transportation signs
- Control systems
Global Presence
Daktronics serves customers in over 90 countries, with primary markets in the United States, Canada, and international regions.
Manufacturing Facilities
| Location | Facility Type |
|---|---|
| Brookings, South Dakota | Headquarters and Primary Manufacturing |
| Sioux Falls, South Dakota | Manufacturing Facility |
Workforce
As of 2023, Daktronics employs approximately 1,300 employees.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (February 2024) | $6.12 |
| 52-Week Range | $4.65 - $8.09 |
How Daktronics, Inc. (DAKT) Makes Money
Revenue Streams
Daktronics, Inc. generates revenue through four primary business segments:
| Segment | Revenue Contribution |
|---|---|
| Commercial | $226.4 million (FY 2023) |
| Live Events | $138.9 million (FY 2023) |
| High School/Collegiate | $95.6 million (FY 2023) |
| Transportation | $84.2 million (FY 2023) |
Commercial Segment Products
- LED video displays
- Digital billboards
- Architectural lighting solutions
- Retail signage systems
Financial Performance
Total company revenue for fiscal year 2023: $545.1 million
Gross margin: 26.1%
Market Segments Breakdown
| Market | Percentage of Revenue |
|---|---|
| United States | 87.4% |
| International | 12.6% |
Key Product Lines
- Sports scoreboards
- Digital billboards
- Video displays
- Electronic message centers
- Transportation signs
Sales Channels
- Direct sales team
- Distributor networks
- Online platform
- Industry trade shows
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