secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000351998-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Data I/O posts Q2 net loss of $797K; sales drop 32% to $5.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000020/0000351998-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000020/f8k_q22024results1.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000020

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