secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0000351998-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000015/0000351998-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199822000015/f8k_october2022q3results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-22-000015

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