Data I/O Q1 net income $95K vs loss of $1.82M; revenue up 46% to $7.2M

DATA I/O CORP

2023-Q1 EPS reported $0.01 revenue$7,231,000

Net sales of $7.2M, up 46% YoY from $5.0M; gross margin improved to 59.5% from 46.4%.
Net income of $95K ($0.01 diluted EPS) compared to net loss of $1.82M ($0.21 loss per share) in Q1 2022.
Adjusted EBITDA of $502K, a $1.43M improvement from negative $932K in the prior year period.
Automotive electronics represented 63% of Q1 bookings; 10 new customer wins; installed base of PSV systems >450.
Cash of $11.9M, no debt; 2023 guidance reaffirmed: double-digit revenue growth, mid-to-high 50% gross margins.

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 first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

Item 2.02 Results of Operation and Financial Condition A press release announcing first quarter 2023 results was made April 27, 2023 and a copy of the release is being furnished as Exhibit 99.0 in this current report.

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DATA I/O CORP filing history →

Source: SEC EDGAR

accession 0000351998-23-000009

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