Daktronics investor blasts leadership, calls for changes
The largest shareholder in Daktronics Inc. says it has “no confidence” in the company’s leadership and is calling for its replacement along with other major changes.
The largest shareholder in Daktronics Inc. says it has “no confidence” in the company’s leadership and is calling for its replacement along with other major changes.
Daktronics Inc. reported a sales increase, a net loss and a plan to improve its liquidity in its quarterly earnings out today.
An SEC filing Wednesday shows multiple challenges creating an uncertain future for Daktronics.
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Despite an overall drop in business, Daktronics improved its earnings for the most recent fiscal year.
Brookings-based Daktronics Inc. has cut 100 positions in anticipation of COVID-19 continuing to disrupt the business.
From its modest beginning, Daktronics grew to become a disruptive force and leader in the electronic display industry. It’s now the world’s largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems.