{"url_path":"/sec/dakt/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-24","source_url":"https://www.sec.gov/Archives/edgar/data/915779/0001628280-26-045262-index.html","accession_number":"0001628280-26-045262","cik":"0000915779","ticker":"DAKT","issuer_name":"DAKTRONICS INC /SD/","edgar_url":"https://www.sec.gov/Archives/edgar/data/915779/0001628280-26-045262-index.html","primary_entity_key":"0000915779","primary_entity_name":"DAKTRONICS INC /SD/"},"word_count":1683,"has_tables":true,"body_markdown":"dakt-20260502\n00009157792026FYfalseP1YP1Yhttp://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2025#AccruedLiabilitiesCurrentiso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:puredakt:segmentutr:Rate00009157792025-04-272026-05-0200009157792025-10-3100009157792026-06-1500009157792026-05-0200009157792025-04-2600009157792024-04-282025-04-2600009157792023-04-302024-04-270000915779us-gaap:CommonStockMember2023-04-290000915779us-gaap:AdditionalPaidInCapitalMember2023-04-290000915779us-gaap:RetainedEarningsMember2023-04-290000915779us-gaap:TreasuryStockCommonMember2023-04-290000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-2900009157792023-04-290000915779us-gaap:RetainedEarningsMember2023-04-302024-04-270000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-302024-04-270000915779us-gaap:AdditionalPaidInCapitalMember2023-04-302024-04-270000915779us-gaap:CommonStockMember2023-04-302024-04-270000915779us-gaap:CommonStockMember2024-04-270000915779us-gaap:AdditionalPaidInCapitalMember2024-04-270000915779us-gaap:RetainedEarningsMember2024-04-270000915779us-gaap:TreasuryStockCommonMember2024-04-270000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-2700009157792024-04-270000915779us-gaap:RetainedEarningsMember2024-04-282025-04-260000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-04-282025-04-260000915779us-gaap:AdditionalPaidInCapitalMember2024-04-282025-04-260000915779us-gaap:CommonStockMember2024-04-282025-04-260000915779us-gaap:TreasuryStockCommonMember2024-04-282025-04-260000915779us-gaap:CommonStockMember2025-04-260000915779us-gaap:AdditionalPaidInCapitalMember2025-04-260000915779us-gaap:RetainedEarningsMember2025-04-260000915779us-gaap:TreasuryStockCommonMember2025-04-260000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-260000915779us-gaap:RetainedEarningsMember2025-04-272026-05-020000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-272026-05-020000915779us-gaap:AdditionalPaidInCapitalMember2025-04-272026-05-020000915779us-gaap:CommonStockMember2025-04-272026-05-020000915779us-gaap:TreasuryStockCommonMember2025-04-272026-05-020000915779us-gaap:CommonStockMember2026-05-020000915779us-gaap:AdditionalPaidInCapitalMember2026-05-020000915779us-gaap:RetainedEarningsMember2026-05-020000915779us-gaap:TreasuryStockCommonMember2026-05-020000915779us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-05-020000915779us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2026-05-020000915779us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2025-04-272026-05-020000915779us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2025-04-260000915779us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2024-04-282025-04-260000915779dakt:MiortechMember2026-05-020000915779dakt:MiortechMember2025-04-260000915779dakt:MiortechMember2025-04-272026-05-020000915779dakt:MiortechMember2024-04-282025-04-260000915779dakt:MiortechMember2023-04-302024-04-270000915779dakt:MiortechMember2024-04-270000915779dakt:XDisplayCompanyTechnologyLimitedMember2025-04-272026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMember2024-04-282025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMember2023-04-302024-04-270000915779dakt:XDisplayCompanyTechnologyLimitedMember2026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMember2025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMember2024-04-270000915779dakt:XDisplayCompanyTechnologyLimitedMemberdakt:ProductDesignAndDevelopmentMember2025-04-272026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMemberdakt:ProductDesignAndDevelopmentMember2024-04-282025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMemberdakt:ProductDesignAndDevelopmentMember2023-04-302024-04-270000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2026-05-020000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2025-04-260000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2024-04-270000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2025-04-272026-05-020000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2024-04-282025-04-260000915779us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2023-04-302024-04-270000915779dakt:MiortechMemberus-gaap:ConvertibleDebtMember2025-04-272026-05-020000915779dakt:MiortechMemberus-gaap:ConvertibleDebtMember2024-04-282025-04-260000915779dakt:MiortechMemberus-gaap:ConvertibleDebtMember2026-05-020000915779dakt:MiortechMemberus-gaap:ConvertibleDebtMember2025-04-260000915779dakt:MiortechMember2026-01-272026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMemberus-gaap:ConvertibleDebtMember2025-04-272026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMemberus-gaap:ConvertibleDebtMember2024-04-282025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMemberus-gaap:ConvertibleDebtMember2026-05-020000915779dakt:XDisplayCompanyTechnologyLimitedMemberus-gaap:ConvertibleDebtMember2025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMember2025-01-262025-04-260000915779dakt:XDisplayCompanyTechnologyLimitedMember2025-12-222026-05-020000915779currency:USD2026-05-020000915779currency:USDsrt:SubsidiariesMember2026-05-020000915779us-gaap:GeographicDistributionForeignMember2026-05-020000915779us-gaap:GeographicDistributionForeignMembersrt:SubsidiariesMember2026-05-020000915779srt:MinimumMember2025-04-272026-05-020000915779srt:MaximumMember2025-04-272026-05-020000915779srt:MinimumMemberus-gaap:BuildingAndBuildingImprovementsMember2026-05-020000915779srt:MaximumMemberus-gaap:BuildingAndBuildingImprovementsMember2026-05-020000915779srt:MinimumMemberus-gaap:MachineryAndEquipmentMember2026-05-020000915779srt:MaximumMemberus-gaap:MachineryAndEquipmentMember2026-05-020000915779srt:MinimumMemberdakt:OfficeFurnitureAndEquipmentMember2026-05-020000915779srt:MaximumMemberdakt:OfficeFurnitureAndEquipmentMember2026-05-020000915779srt:MinimumMemberus-gaap:ComputerEquipmentMember2026-05-020000915779srt:MaximumMemberus-gaap:ComputerEquipmentMember2026-05-020000915779srt:MinimumMemberdakt:EquipmentHeldForRentalMember2026-05-020000915779srt:MaximumMemberdakt:EquipmentHeldForRentalMember2026-05-020000915779srt:MinimumMemberdakt:DemonstrationEquipmentMember2026-05-020000915779srt:MaximumMemberdakt:DemonstrationEquipmentMember2026-05-020000915779srt:MinimumMemberus-gaap:TransportationEquipmentMember2026-05-020000915779srt:MaximumMemberus-gaap:TransportationEquipmentMember2026-05-020000915779us-gaap:EmployeeStockOptionMember2024-04-282025-04-260000915779us-gaap:EmployeeStockOptionMember2023-04-302024-04-270000915779us-gaap:ConvertibleDebtMember2024-04-270000915779us-gaap:ConvertibleDebtMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMemberdakt:CommercialSegmentMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMemberdakt:LiveEventsSegmentMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMemberdakt:TransportationSegmentMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMemberdakt:InternationalSegmentMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMemberdakt:CommercialSegmentMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMemberdakt:LiveEventsSegmentMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMemberdakt:TransportationSegmentMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMemberdakt:InternationalSegmentMember2025-04-272026-05-020000915779dakt:LimitedConfigurationMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMemberdakt:CommercialSegmentMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMemberdakt:LiveEventsSegmentMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMemberdakt:HighSchoolParkAndRecreationSegmentMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMemberdakt:TransportationSegmentMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMemberdakt:InternationalSegmentMember2025-04-272026-05-020000915779dakt:ServiceAndOtherMember2025-04-272026-05-020000915779dakt:CommercialSegmentMember2025-04-272026-05-020000915779dakt:LiveEventsSegmentMember2025-04-272026-05-020000915779dakt:HighSchoolParkAndRecreationSegmentMember2025-04-272026-05-020000915779dakt:TransportationSegmentMember2025-04-272026-05-020000915779dakt:InternationalSegmentMember2025-04-272026-05-020000915779dakt:CommercialSegmentMemberus-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779dakt:TransportationSegmentMemberus-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779dakt:InternationalSegmentMemberus-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779us-gaap:TransferredAtPointInTimeMember2025-04-272026-05-020000915779dakt:CommercialSegmentMemberus-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779dakt:TransportationSegmentMemberus-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779dakt:InternationalSegmentMemberus-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779us-gaap:TransferredOverTimeMember2025-04-272026-05-020000915779dakt:UniqueConfigurationMemberdakt:CommercialSegmentMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMemberdakt:LiveEventsSegmentMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMemberdakt:TransportationSegmentMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMemberdakt:InternationalSegmentMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMemberdakt:CommercialSegmentMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMemberdakt:LiveEventsSegmentMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMemberdakt:TransportationSegmentMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMemberdakt:InternationalSegmentMember2024-04-282025-04-260000915779dakt:LimitedConfigurationMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMemberdakt:CommercialSegmentMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMemberdakt:LiveEventsSegmentMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMemberdakt:HighSchoolParkAndRecreationSegmentMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMemberdakt:TransportationSegmentMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMemberdakt:InternationalSegmentMember2024-04-282025-04-260000915779dakt:ServiceAndOtherMember2024-04-282025-04-260000915779dakt:CommercialSegmentMember2024-04-282025-04-260000915779dakt:LiveEventsSegmentMember2024-04-282025-04-260000915779dakt:HighSchoolParkAndRecreationSegmentMember2024-04-282025-04-260000915779dakt:TransportationSegmentMember2024-04-282025-04-260000915779dakt:InternationalSegmentMember2024-04-282025-04-260000915779dakt:CommercialSegmentMemberus-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779dakt:TransportationSegmentMemberus-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779dakt:InternationalSegmentMemberus-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779us-gaap:TransferredAtPointInTimeMember2024-04-282025-04-260000915779dakt:CommercialSegmentMemberus-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779dakt:TransportationSegmentMemberus-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779dakt:InternationalSegmentMemberus-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779us-gaap:TransferredOverTimeMember2024-04-282025-04-260000915779dakt:UniqueConfigurationMemberdakt:CommercialSegmentMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMemberdakt:LiveEventsSegmentMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMemberdakt:TransportationSegmentMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMemberdakt:InternationalSegmentMember2023-04-302024-04-270000915779dakt:UniqueConfigurationMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMemberdakt:CommercialSegmentMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMemberdakt:LiveEventsSegmentMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMemberdakt:HighSchoolParkAndRecreationSegmentMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMemberdakt:TransportationSegmentMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMemberdakt:InternationalSegmentMember2023-04-302024-04-270000915779dakt:LimitedConfigurationMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMemberdakt:CommercialSegmentMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMemberdakt:LiveEventsSegmentMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMemberdakt:HighSchoolParkAndRecreationSegmentMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMemberdakt:TransportationSegmentMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMemberdakt:InternationalSegmentMember2023-04-302024-04-270000915779dakt:ServiceAndOtherMember2023-04-302024-04-270000915779dakt:CommercialSegmentMember2023-04-302024-04-270000915779dakt:LiveEventsSegmentMember2023-04-302024-04-270000915779dakt:HighSchoolParkAndRecreationSegmentMember2023-04-302024-04-270000915779dakt:TransportationSegmentMember2023-04-302024-04-270000915779dakt:InternationalSegmentMember2023-04-302024-04-270000915779dakt:CommercialSegmentMemberus-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779dakt:TransportationSegmentMemberus-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779dakt:InternationalSegmentMemberus-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779us-gaap:TransferredAtPointInTimeMember2023-04-302024-04-270000915779dakt:CommercialSegmentMemberus-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779dakt:LiveEventsSegmentMemberus-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779dakt:HighSchoolParkAndRecreationSegmentMemberus-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779dakt:TransportationSegmentMemberus-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779dakt:InternationalSegmentMemberus-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779us-gaap:TransferredOverTimeMember2023-04-302024-04-270000915779dakt:ServicetypeWarrantyContractsMember2025-04-260000915779dakt:ServicetypeWarrantyContractsMember2024-04-270000915779dakt:ServicetypeWarrantyContractsMember2025-04-272026-05-020000915779dakt:ServicetypeWarrantyContractsMember2024-04-282025-04-260000915779dakt:ServicetypeWarrantyContractsMember2026-05-020000915779us-gaap:ProductMember2026-05-020000915779us-gaap:ServiceMember2026-05-0200009157792026-05-032026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:CommercialSegmentMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:CommercialSegmentMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMemberdakt:CommercialSegmentMember2023-04-302024-04-270000915779us-gaap:OperatingSegmentsMemberdakt:LiveEventsSegmentMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:LiveEventsSegmentMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMemberdakt:LiveEventsSegmentMember2023-04-302024-04-270000915779us-gaap:OperatingSegmentsMemberdakt:HighSchoolParkAndRecreationSegmentMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:HighSchoolParkAndRecreationSegmentMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMemberdakt:HighSchoolParkAndRecreationSegmentMember2023-04-302024-04-270000915779us-gaap:OperatingSegmentsMemberdakt:TransportationSegmentMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:TransportationSegmentMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMemberdakt:TransportationSegmentMember2023-04-302024-04-270000915779us-gaap:OperatingSegmentsMemberdakt:InternationalSegmentMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMemberdakt:InternationalSegmentMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMemberdakt:InternationalSegmentMember2023-04-302024-04-270000915779us-gaap:OperatingSegmentsMember2025-04-272026-05-020000915779us-gaap:OperatingSegmentsMember2024-04-282025-04-260000915779us-gaap:OperatingSegmentsMember2023-04-302024-04-270000915779us-gaap:CorporateNonSegmentMember2025-04-272026-05-020000915779us-gaap:CorporateNonSegmentMember2024-04-282025-04-260000915779us-gaap:CorporateNonSegmentMember2023-04-302024-04-270000915779country:US2025-04-272026-05-020000915779country:US2024-04-282025-04-260000915779country:US2023-04-302024-04-270000915779us-gaap:NonUsMember2025-04-272026-05-020000915779us-gaap:NonUsMember2024-04-282025-04-260000915779us-gaap:NonUsMember2023-04-302024-04-270000915779country:US2026-05-020000915779country:US2025-04-260000915779country:US2024-04-270000915779us-gaap:NonUsMember2026-05-020000915779us-gaap:NonUsMember2025-04-260000915779us-gaap:NonUsMember2024-04-270000915779dakt:XDCAcquisitionMember2025-12-222025-12-220000915779dakt:LiveEventsSegmentMember2025-04-260000915779dakt:CommercialSegmentMember2025-04-260000915779dakt:TransportationSegmentMember2025-04-260000915779dakt:XDCAcquisitionMember2025-04-272026-05-020000915779dakt:LiveEventsSegmentMember2026-05-020000915779dakt:CommercialSegmentMember2026-05-020000915779dakt:TransportationSegmentMember2026-05-020000915779us-gaap:TrademarksMember2026-05-020000915779us-gaap:DevelopedTechnologyRightsMember2026-05-020000915779us-gaap:CustomerRelationshipsMember2026-05-020000915779us-gaap:TrademarksMember2025-04-260000915779us-gaap:CustomerRelationshipsMember2025-04-260000915779us-gaap:LandMember2026-05-020000915779us-gaap:LandMember2025-04-260000915779us-gaap:BuildingMember2026-05-020000915779us-gaap:BuildingMember2025-04-260000915779us-gaap:MachineryAndEquipmentMember2026-05-020000915779us-gaap:MachineryAndEquipmentMember2025-04-260000915779dakt:OfficeFurnitureAndEquipmentMember2026-05-020000915779dakt:OfficeFurnitureAndEquipmentMember2025-04-260000915779dakt:ComputerSoftwareAndHardwareMember2026-05-020000915779dakt:ComputerSoftwareAndHardwareMember2025-04-260000915779us-gaap:ConstructionInProgressMember2026-05-020000915779us-gaap:ConstructionInProgressMember2025-04-260000915779dakt:DemonstrationEquipmentMember2026-05-020000915779dakt:DemonstrationEquipmentMember2025-04-260000915779us-gaap:TransportationEquipmentMember2026-05-020000915779us-gaap:TransportationEquipmentMember2025-04-260000915779dakt:RetainageOnConstructionTypeContractsMember2026-05-020000915779dakt:RetainageOnConstructionTypeContractsMember2025-04-260000915779srt:MinimumMemberus-gaap:FinanceReceivablesMember2025-04-272026-05-020000915779srt:MaximumMemberus-gaap:FinanceReceivablesMember2025-04-272026-05-020000915779us-gaap:FinanceReceivablesMember2026-05-020000915779us-gaap:FinanceReceivablesMember2025-04-260000915779us-gaap:MortgagesMember2026-05-020000915779us-gaap:MortgagesMember2025-04-260000915779us-gaap:SecuredDebtMemberdakt:CreditAgreementMemberus-gaap:LineOfCreditMember2025-11-260000915779us-gaap:RevolvingCreditFacilityMemberdakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-260000915779dakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-260000915779dakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-262025-11-260000915779us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMemberdakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-262025-11-260000915779us-gaap:RevolvingCreditFacilityMemberdakt:CBFloatingRateMemberdakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-262025-11-260000915779us-gaap:RevolvingCreditFacilityMemberdakt:NewCreditAgreementMemberus-gaap:LineOfCreditMember2025-11-262025-11-260000915779us-gaap:RevolvingCreditFacilityMemberdakt:CreditAgreementMemberus-gaap:LineOfCreditMember2025-04-272026-05-020000915779us-gaap:RevolvingCreditFacilityMemberdakt:CreditAgreementMemberus-gaap:LineOfCreditMember2026-05-020000915779dakt:CreditAgreementMember2025-04-272026-05-020000915779us-gaap:ConvertibleDebtMember2025-04-272026-05-020000915779us-gaap:ConvertibleDebtMember2024-04-282025-04-260000915779us-gaap:ConvertibleDebtMember2026-05-0200009157792016-06-1700009157792025-03-0400009157792025-06-2300009157792025-12-090000915779srt:MinimumMember2026-05-020000915779srt:MaximumMember2026-05-020000915779us-gaap:CostOfSalesMember2025-04-272026-05-020000915779us-gaap:OperatingExpenseMember2025-04-272026-05-020000915779us-gaap:CostOfSalesMember2024-04-282025-04-260000915779us-gaap:OperatingExpenseMember2024-04-282025-04-260000915779us-gaap:CostOfSalesMember2023-04-302024-04-270000915779us-gaap:OperatingExpenseMember2023-04-302024-04-270000915779us-gaap:EmployeeStockOptionMember2025-04-272026-05-020000915779dakt:IndependentDirectorsMemberus-gaap:RestrictedStockMember2025-04-272026-05-020000915779us-gaap:RestrictedStockMember2025-04-272026-05-020000915779us-gaap:RestrictedStockMember2024-04-282025-04-260000915779us-gaap:RestrictedStockMember2023-04-302024-04-270000915779dakt:PerformanceStockAndPerformanceStockUnitsMember2025-04-272026-05-020000915779dakt:PerformanceStockAndPerformanceStockUnitsMember2024-04-282025-04-260000915779dakt:PerformanceStockAndPerformanceStockUnitsMember2023-04-302024-04-270000915779us-gaap:RestrictedStockMember2025-03-012025-03-310000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2025-04-260000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2024-04-270000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2023-04-290000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2025-04-272026-05-020000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2024-04-282025-04-260000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2023-04-302024-04-270000915779dakt:RestrictedStockAndRestrictedStockUnitsMember2026-05-020000915779dakt:InMoneyOptionsMember2026-05-020000915779dakt:EmployeeStockPurchasePlanMember2026-05-020000915779dakt:EmployeeStockPurchasePlanMember2025-04-272026-05-020000915779us-gaap:EmployeeStockOptionMember2024-04-282025-04-260000915779us-gaap:EmployeeStockOptionMember2023-04-302024-04-270000915779us-gaap:EmployeeStockMember2025-04-272026-05-020000915779us-gaap:EmployeeStockMember2024-04-282025-04-260000915779us-gaap:EmployeeStockMember2023-04-302024-04-270000915779us-gaap:SellingAndMarketingExpenseMember2025-04-272026-05-020000915779us-gaap:SellingAndMarketingExpenseMember2024-04-282025-04-260000915779us-gaap:SellingAndMarketingExpenseMember2023-04-302024-04-270000915779us-gaap:GeneralAndAdministrativeExpenseMember2025-04-272026-05-020000915779us-gaap:GeneralAndAdministrativeExpenseMember2024-04-282025-04-260000915779us-gaap:GeneralAndAdministrativeExpenseMember2023-04-302024-04-270000915779us-gaap:ResearchAndDevelopmentExpenseMember2025-04-272026-05-020000915779us-gaap:ResearchAndDevelopmentExpenseMember2024-04-282025-04-260000915779us-gaap:ResearchAndDevelopmentExpenseMember2023-04-302024-04-270000915779country:US2025-04-272026-05-020000915779country:US2024-04-282025-04-260000915779country:US2023-04-302024-04-270000915779country:CA2025-04-272026-05-020000915779country:CA2024-04-282025-04-260000915779country:CA2023-04-302024-04-270000915779stpr:CA-ON2025-04-272026-05-020000915779stpr:CA-ON2024-04-282025-04-260000915779stpr:CA-ON2023-04-302024-04-270000915779dakt:OtherProvincialCanadaMember2025-04-272026-05-020000915779dakt:OtherProvincialCanadaMember2024-04-282025-04-260000915779dakt:OtherProvincialCanadaMember2023-04-302024-04-270000915779country:CN2025-04-272026-05-020000915779country:CN2024-04-282025-04-260000915779country:CN2023-04-302024-04-270000915779country:IE2025-04-272026-05-020000915779country:IE2024-04-282025-04-260000915779country:IE2023-04-302024-04-270000915779us-gaap:ForeignTaxJurisdictionOtherMember2025-04-272026-05-020000915779us-gaap:ForeignTaxJurisdictionOtherMember2024-04-282025-04-260000915779us-gaap:ForeignTaxJurisdictionOtherMember2023-04-302024-04-270000915779stpr:CA2025-04-272026-05-020000915779stpr:CA2024-04-282025-04-260000915779stpr:CA2023-04-302024-04-270000915779dakt:OtherUSStatesMember2025-04-272026-05-020000915779dakt:OtherUSStatesMember2024-04-282025-04-260000915779dakt:OtherUSStatesMember2023-04-302024-04-270000915779us-gaap:ForeignCountryMember2026-05-020000915779country:BE2026-05-020000915779us-gaap:FairValueInputsLevel1Member2026-05-020000915779us-gaap:FairValueInputsLevel2Member2026-05-020000915779us-gaap:FairValueInputsLevel3Member2026-05-020000915779us-gaap:FairValueInputsLevel1Member2025-04-260000915779us-gaap:FairValueInputsLevel2Member2025-04-260000915779us-gaap:FairValueInputsLevel3Member2025-04-260000915779us-gaap:SuretyBondMember2026-05-020000915779us-gaap:FinancialStandbyLetterOfCreditMember2026-05-020000915779dakt:ConvertibleNoteOfferingMemberus-gaap:RelatedPartyMember2023-05-112023-05-110000915779dakt:DaktronicsMemberus-gaap:RelatedPartyMemberdakt:ConvertibleNoteOfferingMember2023-05-150000915779dakt:DaktronicsMemberus-gaap:RelatedPartyMemberdakt:ConvertibleNoteOfferingMember2026-05-020000915779dakt:MilwaukeeBucksInc.Member2025-04-012025-04-300000915779dakt:MilwaukeeBucksInc.Member2025-04-292025-04-290000915779us-gaap:SubsequentEventMember2026-06-2200009157792026-01-272026-05-02\n\n[Table of Contents](#i788edadbc31d4414ba1377e6d924be96_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-K\n\n(Mark One)\n\nx ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the Fiscal Year Ended May 2, 2026\n\nOR\n\no TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the Transition Period From ___ to ___.\n\nCommission File Number: 001-38747\n\nDaktronics, Inc.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware46-0306862\n\n(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)\n\n201 Daktronics Drive\n\nBrookings, SD\n57006\n\n(Address of principal executive offices)(Zip Code)\n\n(605) 692-0200\n\n(Registrant’s telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nCommon Stock, par value $0.00001 per shareDAKTThe Nasdaq Global Select Market\n\nSecurities registered pursuant to Section 12(g) of the Act: None\n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.   Yes ☒ No ☐\n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.   Yes ☐ No ☒\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer ☒\n\nAccelerated filer ☐\n\nNon-accelerated filer ☐\n\nSmaller reporting company ☐\n\nEmerging growth company ☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒\n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\nIndicate by check mark whether any of those errors corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes o No ☒\n\nThe aggregate market value of the registrant’s common stock held by non-affiliates as of the last business day of the registrant’s most recently completed second quarter (October 31, 2025), computed by reference to the closing sales price of the registrant’s common stock on The Nasdaq Global Select Market on such date, was approximately $867,125,359. For purposes of determining this number, the registrant has assumed that all executive officers, directors, and individual stockholders holding more than 10 percent of the registrant’s outstanding common stock are considered affiliates. This number is provided only for the purpose of this Annual Report on Form 10-K and does not represent an admission by either the registrant or any such person as to the status of such person.\n\nThe number of shares of the Registrant’s common stock outstanding as of June 15, 2026 was 48,284,844.\n\nDOCUMENTS INCORPORATED BY REFERENCE\n\nPortions of the registrant’s definitive proxy statement relating to its 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K, where indicated. Such definitive proxy statement will be filed with the U.S. Securities and Exchange Commission no later than 120 days after the conclusion of the registrant’s fiscal year ended May 2, 2026.\n\nAuditor Name: Deloitte & Touche LLP\n\nLocation: Minneapolis, Minnesota\n\nAuditor Firm ID: PCAOB No. 34\n\n[Table of Contents](#i788edadbc31d4414ba1377e6d924be96_7)\n\nDAKTRONICS, INC. AND SUBSIDIARIES\n\nFORM 10-K\n\nFOR THE FISCAL YEAR ENDED May 2, 2026\n\nTable of Contents\n\nPage\n\n[CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS](#i788edadbc31d4414ba1377e6d924be96_10)\n\n[1](#i788edadbc31d4414ba1377e6d924be96_10)\n\n[PART I](#i788edadbc31d4414ba1377e6d924be96_13)\n\n[1](#i788edadbc31d4414ba1377e6d924be96_13)\n\n[ITEM 1.](#i788edadbc31d4414ba1377e6d924be96_16)\n\n[BUSINESS](#i788edadbc31d4414ba1377e6d924be96_16)\n\n[1](#i788edadbc31d4414ba1377e6d924be96_16)\n\n[ITEM 1A.](#i788edadbc31d4414ba1377e6d924be96_19)\n\n[RISK FACTORS](#i788edadbc31d4414ba1377e6d924be96_19)\n\n[9](#i788edadbc31d4414ba1377e6d924be96_19)\n\n[ITEM 1B.](#i788edadbc31d4414ba1377e6d924be96_22)\n\n[UNRESOLVED STAFF COMMENTS](#i788edadbc31d4414ba1377e6d924be96_22)\n\n[24](#i788edadbc31d4414ba1377e6d924be96_22)\n\n[ITEM 1C.](#i788edadbc31d4414ba1377e6d924be96_25)\n\n[CYBERSECURITY](#i788edadbc31d4414ba1377e6d924be96_25)\n\n[24](#i788edadbc31d4414ba1377e6d924be96_25)\n\n[ITEM 2.](#i788edadbc31d4414ba1377e6d924be96_28)\n\n[PROPERTIES](#i788edadbc31d4414ba1377e6d924be96_28)\n\n[25](#i788edadbc31d4414ba1377e6d924be96_28)\n\n[ITEM 3.](#i788edadbc31d4414ba1377e6d924be96_31)\n\n[LEGAL PROCEEDINGS](#i788edadbc31d4414ba1377e6d924be96_31)\n\n[26](#i788edadbc31d4414ba1377e6d924be96_31)\n\n[ITEM 4.](#i788edadbc31d4414ba1377e6d924be96_34)\n\n[MINE SAFETY DISCLOSURES](#i788edadbc31d4414ba1377e6d924be96_34)\n\n[26](#i788edadbc31d4414ba1377e6d924be96_34)\n\n[PART II](#i788edadbc31d4414ba1377e6d924be96_37)\n\n[26](#i788edadbc31d4414ba1377e6d924be96_37)\n\n[ITEM 5.](#i788edadbc31d4414ba1377e6d924be96_40)\n\n[MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES](#i788edadbc31d4414ba1377e6d924be96_40)\n\n[26](#i788edadbc31d4414ba1377e6d924be96_40)\n\n[ITEM 6.](#i788edadbc31d4414ba1377e6d924be96_43)\n\n[[Reserved.]](#i788edadbc31d4414ba1377e6d924be96_43)\n\n[28](#i788edadbc31d4414ba1377e6d924be96_43)\n\n[ITEM 7.](#i788edadbc31d4414ba1377e6d924be96_46)\n\n[MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#i788edadbc31d4414ba1377e6d924be96_46)\n\n[28](#i788edadbc31d4414ba1377e6d924be96_46)\n\n[ITEM 7A.](#i788edadbc31d4414ba1377e6d924be96_64)\n\n[QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#i788edadbc31d4414ba1377e6d924be96_64)\n\n[38](#i788edadbc31d4414ba1377e6d924be96_64)\n\n[ITEM 8.](#i788edadbc31d4414ba1377e6d924be96_67)\n\n[FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#i788edadbc31d4414ba1377e6d924be96_67)\n\n[40](#i788edadbc31d4414ba1377e6d924be96_67)\n\n[ITEM 9.](#i788edadbc31d4414ba1377e6d924be96_148)\n\n[CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE](#i788edadbc31d4414ba1377e6d924be96_148)\n\n[84](#i788edadbc31d4414ba1377e6d924be96_148)\n\n[ITEM 9A.](#i788edadbc31d4414ba1377e6d924be96_151)\n\n[CONTROLS AND PROCEDURES](#i788edadbc31d4414ba1377e6d924be96_151)\n\n[84](#i788edadbc31d4414ba1377e6d924be96_151)\n\n[ITEM 9B.](#i788edadbc31d4414ba1377e6d924be96_154)\n\n[OTHER INFORMATION](#i788edadbc31d4414ba1377e6d924be96_154)\n\n[86](#i788edadbc31d4414ba1377e6d924be96_154)\n\n[ITEM 9C.](#i788edadbc31d4414ba1377e6d924be96_157)\n\n[DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS](#i788edadbc31d4414ba1377e6d924be96_157)\n\n[86](#i788edadbc31d4414ba1377e6d924be96_154)\n\n[PART III](#i788edadbc31d4414ba1377e6d924be96_160)\n\n[87](#i788edadbc31d4414ba1377e6d924be96_160)\n\n[ITEM 10.](#i788edadbc31d4414ba1377e6d924be96_163)\n\n[DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#i788edadbc31d4414ba1377e6d924be96_163)\n\n[87](#i788edadbc31d4414ba1377e6d924be96_163)\n\n[ITEM 11.](#i788edadbc31d4414ba1377e6d924be96_166)\n\n[EXECUTIVE COMPENSATION](#i788edadbc31d4414ba1377e6d924be96_166)\n\n[87](#i788edadbc31d4414ba1377e6d924be96_166)\n\n[ITEM 12.](#i788edadbc31d4414ba1377e6d924be96_169)\n\n[SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](#i788edadbc31d4414ba1377e6d924be96_169)\n\n[88](#i788edadbc31d4414ba1377e6d924be96_169)\n\n[ITEM 13.](#i788edadbc31d4414ba1377e6d924be96_172)\n\n[CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE](#i788edadbc31d4414ba1377e6d924be96_172)\n\n[88](#i788edadbc31d4414ba1377e6d924be96_172)\n\n[ITEM 14.](#i788edadbc31d4414ba1377e6d924be96_175)\n\n[PRINCIPAL ACCOUNTANT FEES AND SERVICES](#i788edadbc31d4414ba1377e6d924be96_175)\n\n[88](#i788edadbc31d4414ba1377e6d924be96_175)\n\n[PART IV](#i788edadbc31d4414ba1377e6d924be96_178)\n\n[89](#i788edadbc31d4414ba1377e6d924be96_178)\n\n[ITEM 15.](#i788edadbc31d4414ba1377e6d924be96_181)\n\n[EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#i788edadbc31d4414ba1377e6d924be96_181)\n\n[89](#i788edadbc31d4414ba1377e6d924be96_181)\n\n[ITEM 16](#i788edadbc31d4414ba1377e6d924be96_184)\n\n[FORM 10-K SUMMARY](#i788edadbc31d4414ba1377e6d924be96_184)\n\n[89](#i788edadbc31d4414ba1377e6d924be96_181)\n\n[SIGNATURES](#i788edadbc31d4414ba1377e6d924be96_187)\n\n[92](#i788edadbc31d4414ba1377e6d924be96_187)\n\n[Table of Contents](#i788edadbc31d4414ba1377e6d924be96_7)\n\nCAUTIONARY NOTE REGARDING FORWARD–LOOKING STATEMENTS\n\nThis Annual Report on Form 10-K (including exhibits and any information incorporated by reference herein) (this “Form 10-K” or this “Report”) contains both historical and forward-looking statements that involve risks, uncertainties and assumptions. As used in this Report, the terms the “Company,” “Daktronics,” “we,” “our,” or “us” mean Daktronics, Inc. and its subsidiaries. The statements contained in this Report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements regarding our expectations, beliefs, intentions and strategies for the future. These statements appear in a number of places in this Report and include all statements that are not historical statements of fact regarding the intent, belief or current expectations with respect to, among other things: (i.) our competition; (ii.) our financing plans and ability to maintain adequate liquidity; (iii.) trends affecting our financial condition or results of operations; (iv.) our growth and operating strategies; (v.) the declaration and payment of dividends; (vi.) the timing and magnitude of future contracts, orders, and capital investment projects; (vii.) raw material shortages, lead times and related supply chain disruptions; (viii.) fluctuations in margins; (ix.) the seasonality of our business; (x.) the introduction of new products and technology; (xi.) the amount and frequency of warranty claims; (xii.) our ability to manage the impact that new or adjusted tariffs or trade wars may have on the cost of raw materials and components and our ability to competitively price and sell products; (xiii.) the resolution of litigation contingencies; (xiv.) the timing and magnitude of any acquisitions or dispositions; (xv.) the impact of governmental laws, regulations, and orders; (xvi) disruptions to our business caused by geopolitical events, military actions, war (whether or not declared), work stoppages, natural disasters, or international health emergencies; (xvii) uncertainties related to market and general economic conditions; (xviii) uncertainties related to financing (including changes in interest rates) and our ability to obtain additional financing on terms favorable to us, or at all; (xix) the Company’s potential need to seek additional strategic alternatives, including seeking additional debt or equity capital or other strategic transactions and/or measures; (xx) the Company’s ability to increase cash flow to support the Company’s operating activities and fund its obligations and working capital needs; (xxi) any changes in manufacturing strategies or facilities; (xxii) any future goodwill impairment charges; and (xxiii) the valuation of investment in and advances to affiliates. The words “may,” “might,” “would,” “could,” “should,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan,” “forecast,” “project,” “continue,” “outlook,” “focus,” “goal,” “target,” “transform,” “expand,” “execute,” “ongoing,” “improve,” “grow,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond our ability to control and cannot be predicted or quantified, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors discussed herein, including, but not limited to, those discussed in the section of this Form 10-K entitled “Part I, Item 1A. Risk Factors” and “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and along with various disclosures in our other reports filed with or furnished to the Securities and Exchange Commission (the \"SEC\").\n\nAll such forward-looking statements speak only as of the date of this Report. You are cautioned not to place undue reliance on such forward-looking statements. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in the events, conditions, or circumstances on which any such statement is based.\n\nPART I."}