Data I/O Q2 net sales $7.4M (+55% YoY), net income $300K, EPS $0.03

DATA I/O CORP

2023-Q2 EPS reported $0.04 revenue$14,629,000

Net sales $7.4M (+55% YoY); net income $300K ($0.03 diluted EPS) vs net loss $657K in Q2 2022.
Bookings $7.6M (+32% from Q1 2023); backlog $3.8M; automotive electronics 63% of YTD bookings.
Gross margin 59.1% (vs 57.8% YoY); Adjusted EBITDA $869K (vs -$65K prior year).
CFO succession: Gerald Ng to become CFO Aug 16, succeeding Joel Hatlen retiring after 32 years.
Guidance: expects double-digit 2023 revenue growth; gross margins mid-to-high 50% range.

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 second quarter 2023.

Period: second quarter 2023
Result: reported results

Exact text from the filing

A press release announcing second quarter 2023 results was made July 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 0000351998-23-000018

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