Data I/O Q3 net income surges to $847K on $7.2M sales; bookings hit 5-year high

DATA I/O CORP

2022-Q3 EPS reported -$0.19 revenue$16,946,000

Net income of $847K ($0.10/sh) vs $12K ($0.00/sh) in Q3 2021.
Net sales $7.2M, up 7% YoY; bookings $7.1M, highest Q3 in 5 years.
Gross margin 57.0% vs 60.7% due to strong US dollar; adjusted EBITDA $1.4M.
Automotive electronics represented 70% of Q3 bookings; backlog $4.9M, highest Q3 in 10 years.
Cash $11.0M, no debt; expects to ship majority of backlog in Q4 with mid-50s gross margin.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DATA I/O CORP reported financial results for third quarter 2022.

Period: third quarter 2022
Result: reported results

Exact text from the filing

A press release announcing third quarter 2022 results was made October 27, 2022 and a copy of the release is being furnished as Exhibit 99.0 in this current report.

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Source: SEC EDGAR

accession 0000351998-22-000015

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