trending Market Intelligence /marketintelligence/en/news-insights/trending/aH_knbUICOfsltq0_xnL-A2 content esgSubNav
In This List

Daktronics fiscal Q3 loss widens YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Daktronics fiscal Q3 loss widens YOY

Daktronics Inc. said its normalized net income for the fiscal third quarter ended Jan. 30 amounted to a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

The per-share loss widened year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.4 million, compared with a loss of $759,380 in the year-earlier period.

The normalized profit margin dropped to negative 2.7% from negative 0.6% in the year-earlier period.

Total revenue increased year over year to $123.8 million from $118.1 million, and total operating expenses increased 8.1% on an annual basis to $129.4 million from $119.7 million.

Reported net income came to a loss of $1.8 million, or a loss of 4 cents per share, compared to income of $439,910, or 1 cents per share, in the year-earlier period.