secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000351998-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000018/0000351998-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000018/f8k-jul2023q22023results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-23-000018

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