secwatch.observer — SEC 8-K summary
======================================

Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0000351998-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000005/0000351998-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000005/f8k-feb2023q42022results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-23-000005

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