Data I/O Q4 net income $144k, full-year revenue up 16% to $28.1M; returns to profitability

DATA I/O CORP

2023-FY EPS reported $0.05 revenue$28,064,000

Q4 net sales $6.9M (down 5% YoY); full-year net sales $28.1M (up 16% from $24.2M in 2022).
Q4 net income $144k ($0.02 diluted EPS) vs $510k in Q4 2022; full-year net income $486k vs net loss of $1.12M.
Gross margin improved: Q4 58.0%, full year 57.7% vs 55.5% and 54.5% respectively.
Full-year bookings $25.8M (down 2%); Q4 bookings $7.2M (up 6% YoY); backlog $2.8M; cash $12.3M, no debt.
2024 outlook: double-digit bookings growth, gross margins mid-to-high 50%, operating expenses flat to moderately lower.

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 0.75

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

Period: fourth quarter 2023
Result: reported results

Exact text from the filing

A press release announcing fourth quarter 2023 results was made February 22, 2024

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Source: SEC EDGAR

accession 0000351998-24-000004

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