secwatch.observer — SEC 8-K summary
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Issuer:     DATA I/O CORP (DAIO)
CIK:        0000351998
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0000351998-24-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000024/0000351998-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351998/000035199824000024/f8k_q32024results.htm
  HTML page:      https://secwatch.observer/filing/0000351998-24-000024

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