Data I/O Q4 net income $510k, revenue up 14% YoY; CFO Hatlen to retire in H2 2023

DATA I/O CORP

2022-FY EPS reported -$0.13 revenue$24,217,000

Q4 net sales $7.3M (+14% YoY); net income $510k ($0.06 diluted EPS) vs net loss of $205k in Q4 2021.
Full year 2022 net sales $24.2M (-6% YoY); net loss $1.12M ($0.13 loss per share).
Q4 bookings $6.8M; full year bookings $26.5M (4-year high); backlog $4.8M at year-end.
CFO Joel Hatlen to retire in H2 2023 after 30+ years; succession plan underway.
2023 outlook: double-digit bookings growth, gross margins mid-to-high 50%, operating expenses consistent with 2022.

item 2.02 item 5.02 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 fourth quarter 2022.

Period: fourth quarter 2022
Result: reported results

Exact text from the filing

A press release announcing fourth quarter 2022 results was made February 23, 2023 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 0000351998-23-000005

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