Daktronics Inc. (DAKT) Posts Q4 Results backed by Solid Pipeline and Backlog
Daktronics Inc., a leading global supplier of large screen video displays, electronic scoreboards, LED texts and graphic displays, today posted its fiscal 2011 fourth-quarter financial results. The company reported fourth-quarter revenues of $114.4 million, compared to revenues of $92.0 million for fiscal fourth quarter 2010. Net income for the fourth quarter 2011 was $3.0 million, or $0.07 per diluted share, compared to a net loss of $4.9 million, or $(0.12) per diluted share for the comparable quarter of 2010. Backlog at the end of the fiscal 2011 fourth quarter was approximately $131 million, compared to a backlog of approximately $127…