达科电子 2025年季度报告

FORM10-Q (Mark One) xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedAugust 2, 2025 or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ___ to ___.Commission File Number:001-38747 Daktronics, Inc.(Exact Name of Registrant as Specified in its Charter) 46-0306862 Delaware (I.R.S. Employer Identification No.) (State or Other Jurisdiction ofIncorporation or Organization) (Address of Principal Executive Offices) (Zip Code) (605)692-0200(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated fileroAccelerated filerxNon-accelerated fileroSmaller reporting companyoEmerging growth companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Nox The number of shares of the registrant’s common stock outstanding as of September2, 2025 was48,530,238. DAKTRONICS, INC. AND SUBSIDIARIESFORM 10-QFor the Quarter Ended August2, 2025 Table of Contents Part I.Financial Information1Item 1.Financial Statements (Unaudited)1Condensed Consolidated Balance Sheets as of August 2, 2025 and April 26, 20251Condensed Consolidated Statements of Operations for the Three Months EndedAugust 2, 2025andJuly 27, 20243Condensed Consolidated Statements of Comprehensive Income (Loss) for theThree Months EndedAugust 2, 2025andJuly 27, 20244Condensed Consolidated Statements of Stockholders' Equity for theThree Months EndedAugust 2,2025andJuly 27, 20245Condensed Consolidated Statements of Cash Flows for theThree Months EndedAugust 2, 2025andJuly 27, 20247Notes to the Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosures About Market Risk32Item 4.Controls and Procedures32 Part II.Other InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits Index to ExhibitsSignatures DAKTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS (continued)(in thousands, except per share data) (unaudited) DAKTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except per share data)(unaudited) DAKTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(in thousands)(unaudited) DAKTRONICS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited) NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(dollar and share amounts in thousands, except per share data) (unaudited) Note 1.Basis of Presentation Daktronics, Inc. and its subsidiaries (the “Company”, “Daktronics”, “we”, “our”, or “us”) are recognized industry leaders in the designand manufacturing of electronic scoreboards, programmable display systems, and large-screen video displays serving sporting,commercial, and transportation markets. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) and the applicable rules and regulations of the Securities andExchange Commission (“SEC”) for interim financial reporting. In the opinion of management, these financial statements reflect alladjustments necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows for the periodspresente