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    Mac Furst • Singular Research

    Mac Furst's questions to Daktronics Inc (DAKT) leadership

    Mac Furst's questions to Daktronics Inc (DAKT) leadership • Q4 2025

    Question

    Mac Furst asked for an outlook on the total business and digital transformation expenses expected in fiscal 2026, requesting a breakdown between consulting and internal costs.

    Answer

    Howard Atkins, Acting CFO, clarified that the consulting engagement for the major business transformation project concluded in fiscal 2025, and those specific fees are not expected to recur. He stated the transformation process is now integrated into the company's operations, and while new initiatives could require outside help, consulting fees for fiscal 2026 are expected to be 'quite low'.

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    Mac Furst's questions to Daktronics Inc (DAKT) leadership • Q3 2025

    Question

    Mac Furst sought clarification on the performance of the International markets, specifically asking for more detail on the relationship between increased quoting activity and the rate of order closures.

    Answer

    Reece A. Kurtenbach (Chairman, President and CEO) clarified his earlier remarks, explaining that while the conversion of quotes to orders had been soft in past periods despite strong quoting activity, this trend has reversed. He stated that the conversion rate picked up in the most recent quarter and that he expects this higher conversion rate to continue in the coming quarters, barring any major geopolitical events.

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    Mac Furst's questions to Daktronics Inc (DAKT) leadership • Q2 2025

    Question

    Mac Furst of Singular Research asked for further details on expected changes from the new administration and questioned the specific margin impact of potential tariffs on products manufactured in China for the U.S. market.

    Answer

    Reece Kurtenbach, CEO, responded that it is too early to predict specific regulatory changes from the new administration. He clarified that the company's Shanghai factory serves global markets, not just the U.S. He explained that tariffs would impact sourced components like semiconductors, which are critical inputs. However, Kurtenbach emphasized that this would not be a unique competitive disadvantage as most competitors also produce in China, and Daktronics benefits from having the largest manufacturing facility in the U.S.

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    Mac Furst's questions to Daktronics Inc (DAKT) leadership • Q1 2025

    Question

    Mac Furst of Singular Research inquired about market share development over the last few years and recent quarters, as well as the company's current credit position and available credit.

    Answer

    CEO Reece Kurtenbach responded that precise market share data is difficult to obtain but noted that while share in the highly price-sensitive market may be lower post-COVID, he believes they have maintained share well in other areas. Regarding credit, Kurtenbach highlighted the company's strong balance sheet and high cash levels. CFO Sheila Anderson added that the company has an asset-based lending line with approximately $35 million of availability.

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