The Dakota Scout

Share this post

Daktronics shares plummet amid SEC report expressing doubts 'as a going concern'

www.thedakotascout.com

Daktronics shares plummet amid SEC report expressing doubts 'as a going concern'

Brookings company being battered by inflation, supply chain problems

Jonathan Ellis
Dec 7, 2022
3
3
Share this post

Daktronics shares plummet amid SEC report expressing doubts 'as a going concern'

www.thedakotascout.com

Shares of Brookings-based Daktronics plummeted Wednesday after the company filed paperwork with the Securities and Exchange Commission that cast doubt on its future viability.

The scoreboard manufacturer, one of South Dakota’s biggest international success stories, saw its stock price decline 39 percent after filing paperwork to delay the release of its earnings report “in order to address the determination that there is a substantial doubt about the company’s ability to continue as a going concern.”

NEWS: Construction company: TIF-backed housing project on track despite cash flow challenges

This post is for paid subscribers

Already a paid subscriber? Sign in
Previous
Next
© 2023 The Dakota Scout
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing