secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000351998-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000022/0000351998-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199823000022/f8k-oct2023q32023.htm
  HTML page:      https://secwatch.observer/filing/0000351998-23-000022

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