Data I/O Q1 net loss $807K; bookings at $8.1M, revenue down 16% YoY

DATA I/O CORP

2024-Q1 EPS reported -$0.09 revenue$6,099,000

Net sales $6.1M (-16% YoY); bookings $8.1M (+41% YoY) and backlog $4.5M.
Net loss ($807K) or ($0.09) per share vs. net income $95K in Q1 2023.
Adjusted EBITDA loss ($364K) vs. positive $502K in prior year; gross margin 52.8% (down from 59.5%).
Cash $12.0M, no debt; sold 500th PSV system milestone in quarter.
OpEx reduced to $4.08M; R&D $1.58M, SG&A $2.50M, both slightly lower YoY.

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 0.4

DATA I/O CORP reported financial results for first quarter 2024.

Period: first quarter 2024
Result: reported results

Exact text from the filing

A press release announcing first quarter 2024 results was made April 25, 2024

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316 earnings releases filed in the last 30 days. Browse all earnings releases →

DATA I/O CORP filing history →

Source: SEC EDGAR

accession 0000351998-24-000010

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