Data I/O Q3 2024 Net Sales Down 17% to $5.4M, Net Loss $(307K) with CEO Transition

DATA I/O CORP

2024-Q3 EPS reported -$0.21 revenue$16,584,000

Net sales $5.4M, down 17% from $6.6M in Q3 2023; system sales declined 34%, recurring revenue up 6%.
Net loss ($307K) or ($0.03) per share compared to net loss ($53K) or ($0.01) per share in Q3 2023.
CEO William Wentworth appointed Oct 1, 2024; focus on customer experience, product portfolio, and market diversification.
Adjusted EBITDA (excluding equity comp) was $37K in Q3 2024, down from $402K in Q3 2023.
Cash $12.4M, no debt; inventories $6.6M, net working capital $17.6M.

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