secwatch.observer — SEC 8-K summary
======================================

Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0000351998-24-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000004/0000351998-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000004/f8k-febq42023results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000004

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