Stock Track | Daktronics Plunges Over 25% as Q3 Net Loss of $17M Disappoints, CEO Steps Down

Stock Track

Mar 05, 2025

Shares of Daktronics Inc. (DAKT) plummeted over 25% in pre-market trading on Wednesday, following the release of the company's disappointing fiscal Q3 2025 financial results. The electronic display manufacturer reported a net loss of $17.156 million for the quarter ended January 25th, a sharp decline from a profit of $10.742 million in the prior year period.

The hefty Q3 net loss came as revenue fell 12.2% year-over-year to $149.507 million, while gross profit margins were largely flat. The company also swung to an operating loss of $3.628 million from operating income of $8.036 million a year ago, weighed down by higher expenses related to business transformation initiatives and corporate governance matters.

Separately, Daktronics announced that Chairman, President and CEO Reece Kurtenbach is stepping down from his roles, effective March 5th. Kurtenbach will remain involved in an advisory capacity to support the company's digital transformation plan. The Board has initiated a search for a new permanent CEO, appointing executive Brad Wiemann as interim CEO while the process continues.

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(DAKT) plummeted over 25% in pre-market trading on Wednesday, following the release of the company's disappointing fiscal Q3 2025 financial results. The electronic display manufacturer reported a net loss of $17.156 million for the quarter ended January 25th, a sharp decline from a profit of $10.742 million in the prior year period.</p>\n\n<p>The hefty Q3 net loss came as revenue fell 12.2% year-over-year to $149.507 million, while gross profit margins were largely flat. The company also swung to an operating loss of $3.628 million from operating income of $8.036 million a year ago, weighed down by higher expenses related to business transformation initiatives and corporate governance matters.</p>\n\n<p>Separately, Daktronics announced that Chairman, President and CEO Reece Kurtenbach is stepping down from his roles, effective March 5th. Kurtenbach will remain involved in an advisory capacity to support the company's digital transformation plan. The Board has initiated a search for a new permanent CEO, appointing executive Brad Wiemann as interim CEO while the process continues.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Daktronics Plunges Over 25% as Q3 Net Loss of $17M Disappoints, CEO Steps Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Daktronics Plunges Over 25% as Q3 Net Loss of $17M Disappoints, CEO Steps Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-03-05 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Daktronics Inc. (DAKT) plummeted over 25% in pre-market trading on Wednesday, following the release of the company's disappointing fiscal Q3 2025 financial results. The electronic display manufacturer reported a net loss of $17.156 million for the quarter ended January 25th, a sharp decline from a profit of $10.742 million in the prior year period.</p>\n\n<p>The hefty Q3 net loss came as revenue fell 12.2% year-over-year to $149.507 million, while gross profit margins were largely flat. The company also swung to an operating loss of $3.628 million from operating income of $8.036 million a year ago, weighed down by higher expenses related to business transformation initiatives and corporate governance matters.</p>\n\n<p>Separately, Daktronics announced that Chairman, President and CEO Reece Kurtenbach is stepping down from his roles, effective March 5th. Kurtenbach will remain involved in an advisory capacity to support the company's digital transformation plan. The Board has initiated a search for a new permanent CEO, appointing executive Brad Wiemann as interim CEO while the process continues.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DAKT","symbol_name":"Daktronics","start_time":0,"source_url":"","article_id":"1107883991","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107883991","pubTimestamp":1741185180,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Daktronics Inc.  plummeted over 25% in pre-market trading on Wednesday, following the release of the company's disappointing fiscal Q3 2025 financial results. 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The Board has initiated a search for a new permanent CEO, appointing executive Brad Wiemann as interim CEO while the process continues.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}