Daktronics, Inc. (DAKT) shares plummeted 9.28% in the pre-market trading session on Wednesday, following the company's disappointing third-quarter financial results that showed a net loss of $17.156 million.
The electronics manufacturing company, known for its large digital scoreboards and displays, reported pretax loss of $17.816 million for the quarter ended January 28, 2025. While revenue came in at $149.507 million, gross profit was $36.781 million, and operating income stood at a loss of $3.628 million.
The significant net loss appears to have spooked investors, triggering a sell-off in Daktronics' stock in the early trading hours. The company's shares plunged sharply, underperforming the broader market indices.