secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0000351998-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000009/0000351998-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000009/f8k_apr2023q12023results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-23-000009

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