secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000351998-22-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Data I/O reports Q2 net loss $657k, sales down 40% to $4.8M, backlog record $5.8M
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- Net sales $4.8M (-40% YoY); net loss ($657k) or ($0.08) per share.
- Bookings $6.4M; record backlog $5.8M; gross margin 57.8% (up from 57% in Q2 2021).
- China operations resumed; cleared Q1 systems backlog; lead times back to normal.
- Cash $10.3M, no debt; working capital $15.9M.
- Automotive 55% of bookings; 6 new customer wins; SentriX customer moving to volume production.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000012/0000351998-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000012/f8k_july2022q2results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-22-000012

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