secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0000351998-22-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000006/0000351998-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000006/f8k-april2022q1results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-22-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer