Data I/O Q3 revenue down 8% to $6.6M; net loss of $53K vs $847K profit a year ago

DATA I/O CORP

2023-Q3 EPS reported $0.04 revenue$21,190,000

Net loss of $53K ($0.01 per share) vs net income of $847K ($0.10 per share) in Q3 2022.
Gross margin fell to 53.7% from 57.0%; Adjusted EBITDA dropped to $402K from $1.43M.
Bookings were $5.3M, down from $7.1M in Q3 2022; backlog $2.5M; cash $11.9M, no debt.
Automotive electronics represented 63% of year-to-date bookings; 4 new customer wins including a major solar energy SentriX customer.
2023 outlook: double-digit revenue growth, gross margins mid-to-high 50%, higher operating expenses.

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 0.6

DATA I/O CORP reported financial results for third quarter 2023.

Period: third quarter 2023
Result: reported results

Exact text from the filing

A press release announcing third quarter 2023 results was made October 26, 2023 and a copy of the release is being furnished as Exhibit 99.0 in this current report.

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Source: SEC EDGAR

accession 0000351998-23-000022

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