earnings
confidence high
sentiment negative
materiality 0.65
Data I/O posts Q2 net loss of $797K; sales drop 32% to $5.1M
DATA I/O CORP
2024-Q2 EPS reported
-$0.18
revenue$11,161,000
- Net loss of $797K ($0.09 per share) vs net income of $300K ($0.03) in Q2 2023.
- Revenue $5.1M, down 32% YoY; bookings $5.6M, down from $7.6M.
- Adjusted EBITDA nearly breakeven at $3K vs $870K in prior year.
- Operating expenses reduced 21% YoY to $3.3M; gross margin 54.5%.
- Backlog rose to $5.4M from $4.5M at Q1 2024; cash $11.4M, no debt.