Brief: Daktronics - On Dec 5 Management Determined To Delay Release Of Scheduled Earnings Press Release & Conference Call And Filing Of Company's Form 10-Q

Daktronics

07/12/2022 11:13

Daktronics Inc  DAKT.O :
    * DAKTRONICS - ON DEC 5 MANAGEMENT DETERMINED TO DELAY
RELEASE OF
SCHEDULED EARNINGS PRESS RELEASE & CONFERENCE CALL AND FILING OF
COMPANY'S FORM 10-Q
    * DAKTRONICS - TO DELAY RELEASE OF EARNINGS RELEASE TO
ADDRESS
DETERMINATION THAT THERE IS SUBSTANTIAL DOUBT ABOUT ABILITY TO
CONTINUE AS GOING CONCERN
    * DAKTRONICS INC - TO DELAY RELEASE OF ITS SCHEDULED
EARNINGS
PRESS RELEASE TO ADDRESS DISCOVERY OF A MATERIAL WEAKNESS
    * DAKTRONICS INC - SUPPLY CHAIN DISRUPTIONS HAVE STARTED TO
EASE,
AND WE EXPECT OUR INVENTORY LEVELS TO DECLINE
    * DAKTRONICS - CANNOT BE CERTAIN WILL NOT EXPERIENCE FUTURE
DISRUPTIONS OR NEED ADDITIONAL LIQUIDITY TO FUND INVENTORY
LEVELS, OPERATIONS, CAPITAL EXPENDITURES
    * DAKTRONICS INC - WILL NEED ADDITIONAL LIQUIDITY TO MEET
OBLIGATIONS AS THEY COME DUE IN 12 MONTHS FOLLOWING DATE OF FORM
12B-25
    * DAKTRONICS INC - CANNOT BE ASSURED LIQUIDITY WILL BE
AVAILABLE
OR FORM OF SUCH LIQUIDITY, SUCH AS EQUITY RAISES OR DEBT
FINANCING
    * DAKTRONICS INC - PURSUING ADDITIONAL LIQUIDITY THROUGH
VARIOUS
MEANS
    * DAKTRONICS INC - CONCLUDED OUR PLANS DO NOT ALLEVIATE
SUBSTANTIAL DOUBT ABOUT ABILITY TO CONTINUE AS A GOING CONCERN

Source text for Eikon:  ID: 
Further company coverage:  DAKT.O