DAKTDAKTRONICS INC /SD/
Miscellaneous Manufacturing Industries
- Revenue
- $839M
- 11% YoY
- Operating margin
- 7.3%
- 66% YoY
- EBITDA
- $80M
- 52% YoY
- Market cap
- $907M
- Employees
- 2,693
- $311K revenue each
- Net debt / EBITDA
- -1.8×
- −$145M net debt
- AI in 10-K
- 2.3
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo108% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo52% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$311K · 33rd pctBottom quartile of its SIC industry
- Quiet on AINo2.3 per 10K words · 60th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 1.8× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedYes$907M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$148K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $611M | $754M | $818M | $756M | $839M | 11% |
| Operating income | $4M | $21M | $87M | $33M | $61M | 84% |
| Net income | $592K | $7M | $35M | −$10M | $45M | 548% |
| Operating cash flow | −$27M | $15M | $63M | $98M | $49M | 50% |
| Capex | $20M | $25M | $17M | $19M | $15M | 23% |
| Stock-based comp | $2M | $2M | $2M | $3M | $5M | 67% |
| Buybacks | $3M | $0 | $0 | $29M | $26M | 13% |
| Dividends | $0 | — | — | — | — |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Aug 11, 2026 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 4.4% | Passive |
| Jun 30, 2026 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 6.0% | Passive |
| Dec 12, 2025 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 7.7% | Passive |
| Oct 24, 2025 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 9.1% | Passive |
| May 30, 2025 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 19.8% | Passive |
| Mar 5, 2025 | Alta Fox Opportunities Fund, LP | SCHEDULE 13D/A | 11.7% | Passive |
| Dec 11, 2024 | Alta Fox Opportunities Fund, LP | SC 13D/A | 11.7% | Active |
| Dec 2, 2024 | Alta Fox Opportunities Fund, LP | SC 13D | 11.7% | Active |
| Jun 9, 2023 | Alta Fox Opportunities Fund, LP | SC 13D/A | 5.0% | Passive |
| May 15, 2023 | Alta Fox Opportunities Fund, LP | SC 13D/A | 10.0% | Active |
Insider trading
- Open-market buys, 12 mo
- $2K · 1
- Open-market sells, 12 mo
- $150K · 2
- Net
- −$148K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 57 | 45 |
| FY2025 | — | — | 35 | 10 |
| FY2024 | — | — | 93 | 31 |
| FY2023 | — | — | 44 | 0 |
| FY2022 | — | — | -46 | -11 |