Data I/O Q1 revenue falls 17% to $5.0M; net loss widens to $1.8M

DATA I/O CORP

2022-Q1 EPS reported -$0.21 revenue$4,965,000

Net sales $5.0M, down 17% YoY; net loss $1.8M ($0.21/sh) vs loss $0.3M ($0.04/sh) in Q1 2021.
Gross margin 46.4% vs 55.5% a year ago; Adjusted EBITDA -$932K vs +$173K.
Bookings $6.2M (flat QoQ); backlog $4.1M (up from $2.9M Dec 2021).
Shanghai lockdown delayed ~$1M revenue; automotive 63% of bookings; 6 new customer wins.
Repatriated $4.4M from China, incurring $442K withholding tax; cash $12.3M, no debt.

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