Filing Flows › Daktronics (DAKT) › Q3 FY25
Daktronics (DAKT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 5, 2025
Daktronics (DAKT) reported revenue of $150M for the third quarter fiscal 2025 (Q3 FY25), -12% from a year earlier and -28% from the quarter before. Operating margin was -2.4%, net loss $17.2M (11.5% of revenue).
Daktronics, Q3 FY25: revenue $150M (-12% year over year), operating margin -2.4%, net loss $17.2M, operating cash flow $12.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $150M | -28% | -12% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$17.2M | — | — |
| Operating cash flow | $12.0M | -72% | +27% |
| Free cash flow | $7.8M | -79% | +54% |
What changed
Revenue was $149.5M in Q3 FY25, down 12% year over year and down 28% from the previous quarter. Live Events was the largest line at 31% of revenue. Live Events lost $27.3M year over year (down 37%), 131% of the total change.
Gross margin was 24.6%, up 0.1 points from a year earlier. Operating costs exceeded revenue by $3.6M, an operating margin of -2.4%. Operating expenses grew 20% against a revenue fall of 12%. The fastest-growing cost line was General & admin (+56%). The quarter ended with a net loss of $17.2M, after a profit of $21.4M the previous quarter. Net interest and other expense of $14.2M was the main reason.
Operating cash flow was $12.0M (up 27% year over year). Non-cash charges added back $4.9M of depreciation and amortization and $573K of share-based compensation. Working capital and other items added $23.7M. Capital expenditures of $4.2M left free cash flow of $7.8M.
Questions
What was Daktronics' revenue in the third quarter fiscal 2025?
Daktronics (DAKT) reported revenue of $150M for the third quarter fiscal 2025 (Q3 FY25), -12% from a year earlier and -28% from the quarter before.
Was Daktronics profitable in the third quarter fiscal 2025?
Operating loss was $3.6M (-2.4% of revenue) and net loss $17.2M.
Source: Daktronics 10-Q on SEC EDGAR.