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Jan 25, 2025
Daktronics Q3 2025 Earnings Report
Daktronics reported a decline in sales and a net loss for Q3 2025, with a focus on business transformation initiatives.
Key Takeaways
Daktronics reported a 12.2% decline in revenue for Q3 2025, leading to a net loss of $17.16 million. The company also announced leadership changes and continued efforts in business transformation initiatives. Despite the decline, adjusted net income was positive at $509,000 after excluding non-operating expenses. Cash flow from operations remained strong at $12.0 million for the quarter.
Revenue decreased by 12.2% to $149.5 million.
Net loss was $17.16 million, with adjusted net income at $509,000.
Operating loss of $3.63 million, but adjusted operating income of $1.21 million.
Cash flow from operations was $12.0 million for the quarter.
Revenue by Segment
Forward Guidance
Daktronics expects continued demand for digital display systems but warns of potential delays in U.S.-based project bookings due to global tariff policies and federal funding shifts.
Positive Outlook
- Strong demand for digital display systems remains.
- Sequential increase in orders in Q3.
- Cost mitigation efforts helping to preserve margins.
- Favorable sales mix aiding profitability.
- Working capital management remains a priority.
Challenges Ahead
- Impact of global tariff policies on business conditions.
- Delays in U.S.-based project bookings due to funding shifts.
- Elevated costs related to corporate governance and transformation.
- Seasonally lower volumes affecting sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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