secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000351998-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000010/0000351998-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000010/f8k_q12024results1.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000010

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